PYMNTS

NOVEMBER 29, 2017

The November edition of the PYMNTS Digital Banking Tracker , a Feedzai collaboration, features an interview about how credit unions can attain AI, a scorecard of industry players and the latest headlines surrounding AIs, digital security and new digital banks. Around the Digital Banking World.

Security 173

Security Digital Banking Resources Mobile 173

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. Digital Demand. The debut of 5G promises to add another tool that can aid such efforts.

Fintech 211

Fintech Mobile Analysis Technology 211

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. Blockchain. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House.

Fintech 174

Fintech Payments Innovation Company 174

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking.

Community Bank 176

Community Bank Community Security Digital Banking 176

PYMNTS

JUNE 21, 2019

They want it to be easy and intuitive, and to assume it will be safe and secure. Finding Friendly Ground With FinTech Firms. However, she added, for all the disruption that FinTech firms have brought to financial services in general, they aren’t an adversarial force in the market for credit unions.

Fintech 163

Fintech Fraud ATM Data 163

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. Company Name. Phone number. Source: PwC.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

JULY 29, 2019

The debit card was introduced early in 2018 in Europe. Glint Pay users use a bank account to purchase actual gold held in a vault in Switzerland, and the company charges a 0.5 Banks aren’t necessarily a secure place for your money,” he said. Glint Pay was started by entrepreneur Jason Cozens. “We percent transaction fee.

Cards 191

Cards Colorado Denver Fintech 191

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT.

Fintech 80

Fintech US Lending Cards 80

PYMNTS

JANUARY 11, 2021

After getting the banking license, Revolut said it would develop a “financial super app.” The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. The creation of open banking initiatives in the E.U.

America 165

America Regulation Regional Tools 165

William Mills

SEPTEMBER 25, 2018

Voice reads key and then can access the dashboard manager where you can then log into a variety of apps like Credit Karma, Amex, Bank, etc. You can also store your IDs and secure notes. VoiceBiometrics, Password Manager, voice driven payments, digitizes ID’s, (not a digital ID), They are an identity provider.

Mobile 78

Mobile Customer Experience Lending Analytics 78

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JANUARY 20, 2021

s Competition and Markets Authority, in terms of the mechanics of the data sharing, application programming interfaces (APIs) offer a connection that lets the third parties tap into banks’ data and build their own app-focused offerings. Dan Weaver, open banking expert at Equifax U.K., million in 2018 to roughly 6 billion in 2020.

Data 188

Data Innovation Fintech Regulation 188

PYMNTS

FEBRUARY 3, 2020

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. The landscape also means traditional banks are not particularly motivated to upgrade their platforms or technologies.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

APRIL 8, 2019

digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in Britain. According to The Guardian , Monzo is close to securing £100 million from a new, unnamed American investor. million customers. million customers.

US 118

US Fintech Digital Banking Community 118

PYMNTS

OCTOBER 13, 2019

FinTech company Revolut wants to raise as much as $1.5 According to The Financial Times , a source familiar with the matter revealed that the company has hired JPMorgan to raise $500 million in new equity from investors, as well as secure a $1 billion convertible loan. banking licence. billion so that it can expand globally.

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Taxes Fintech Branding Regional 163

PYMNTS

DECEMBER 18, 2019

Digital payments company Payrailz is teaming with Mastercard to launch a pilot of the Mastercard Bill Pay Exchange, a real-time payment solution that works directly with digital banking apps, Payrailz said in a press release on Wednesday (Dec. Billing accounts can be securely linked so that payments can be made through Payrailz.

Payments 147

Payments Connecticut America Digital Banking 147

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

Retail 78

Retail Digital Banking Fintech Regulation 78

PYMNTS

AUGUST 7, 2019

Financefeeds reported that the HKMA, in its latest update to implementation of the Open Application Programming Interface (API) Framework for the banking sector, which dates back to July 2018, is readying for the second phase, known as Customer acquisition. Corporate Banking, Done Digitally.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems.

Mobile 229

Mobile Report America Regulation 229

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Fintech services for seniors are targeting a range of sub-categories. Source: Kindur .

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. However, as Lumin Digital President Jeff Chambers told Karen Webster in a recent conversation, that doesn’t mean the digital banking experience isn’t critical to credit unions’ relationships with their members.

Online 123

Online Millennials Digital Banking Maine 123

Accenture

OCTOBER 3, 2019

Add in banks’ rising data sharing with third parties, and growing use of APIs to interface with external developers, and the result is an increasing risk that security gaps will be exposed and exploited by attackers. In a world where technology change is non-stop, security must be forefront of mind. Acknowledging the threat.

Security 150

Security Technology Leadership Data 150

PYMNTS

FEBRUARY 24, 2020

as they upgrade their online data and financial rules to support global digital banking innovations. Banks and merchants may also need to confront outmoded perceptions of Chinese cybersecurity and banking laws and be aware of the government’s role in enforcing such rules. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

JUNE 7, 2019

Spencer McLain, vice president, EMEA at Whitepages Pro, told PYMNTS that these merchants will start seeing declines on European-based transactions if they are not exempt by falling under certain thresholds, or if they do not apply 3D-Secure authentication methods to verify card-not-present transactions.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

DECEMBER 11, 2018

Speaking of cashierless checkout, that’s another building trend from 2018 that will carry over in a big way in 2019, Fodor said in the webinar, which served as an annual review and look ahead for payments and commerce from a First Data point of view. Digital Banking. FinTech and banks are becoming the best of friends,” he said.

blockchain 170

blockchain Retail Trends Mobile 170

Insights on Business

OCTOBER 11, 2018

This movement — core to cloud — is essential for banks seeking to modernize their legacy systems and become agile and flexible. This is especially true if they’re going to compete with new digital banks and platform companies that are unhindered by the legacy applications and infrastructure. IBM at Sibos 2018.

Meeting 111

Meeting Customer Experience System Guidelines 111

Accenture

NOVEMBER 27, 2017

Some themes endure year-after-year, as shown in the table below—real-time payments, cybersecurity, fintechs, blockchain and open APIs. Perhaps they are unsurprising, but individually each shows it is a driver of enduring change, and together they show how the industry is transforming and rotating to the new digital era.

Innovation 171

Innovation Conference Fintech blockchain 171

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” billion to small businesses in 2018, up nearly 36% over 2017 and double that of 2016. Taking Stock.

Lending 136

Lending Community Bank Community Data 136

PYMNTS

MAY 30, 2018

What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? As far as innovation goes, “FinTech is the most developed,” Monteiro said. One important piece of data is knowing that about half of the Latin American population isn’t banked. Revenue hit about $250.5 million in Q1.

America 109

America Regional Mobile Pennsylvania 109

PYMNTS

APRIL 4, 2019

After all, ready or not, demand comes for faster payments, for easier onboarding, for digital wallets and security, above all else. For banks and other financial firms , the threat is there: Keep consumers happy … or they will go elsewhere. The study found the portion of FIs that completed innovations early in 2018 stood at 26.7

Innovation 119

Innovation Fintech Survey Customer Experience 119

Insights on Business

SEPTEMBER 18, 2016

Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and leaders are born. Value-Added Services = Profits for Banks. Paving the Road Ahead.

Marketing 70

Marketing Payments Compliance Security 70

Gonzobanker

AUGUST 7, 2018

Tuesday, July 31, 2018, may go down in history as Fintech Day in the United States. Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies.

Data 60

Data Report Fintech United States 60