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. First name. Company Name. Phone number.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 225

Compliance Regulation Guidelines Security 225

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

PYMNTS

DECEMBER 1, 2019

Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The news comes days before its conditional banking license is set to expire on Tuesday (Dec. based fund, and its U.K. investment vehicle Silverstripe. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. The market map below categorizes the Fintech 250 companies based on core area of focus.

Fintech 78

Fintech Lending Capital Analytics 78

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area. Navigating the Canadian fintech market map.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JANUARY 11, 2021

Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. The FinTech also has a credit offer in two European markets with expectations of launching additional markets across Europe this year. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

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. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

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. APIs are critical, as they enable further digital banking connectivity.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

Abrigo

MARCH 15, 2022

The commercial and business banking market lost $3.3 trillion in 2018 because of abandoned applications during onboarding, according to a 2019 report. Digital account opening as a moat. banking consumers. Three-quarters of these “traditionalist” consumers say they are aware of digital banks.

Online 195

Online Lending Survey Digital Banking 195

PYMNTS

FEBRUARY 3, 2020

The latest PYMNTS Digital-First Banking Tracker , a collaboration with NCR Corporation , unclouds a blurry picture where 70 percent of consumers in a recent survey reported visiting a bank branch in the past month, and yet foot traffic keeps dropping as digital banking climbs. Solving the Branch Conundrum.

ATM 165

ATM Digital Banking Innovation Video 165

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 24, 2019

Digital banking alternative Revolut is partnering with executives from Deutsche Bank , ClearBank and N26, Financial Times reported on Friday (Aug. The banking startup was previously focused only on travel money and now is striving to become a more “global bank.”. The bank has amassed 4.7

Operations 135

Operations Digital Banking Capital Security 135

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

Fraud 148

Fraud Security Resources Survey 148

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

OCTOBER 13, 2019

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. bringing Revolut’s total global footprint to 56 markets. banking licence.

Taxes 163

Taxes Fintech Branding Regional 163

PYMNTS

NOVEMBER 10, 2020

PSCU works with 1,500 credit unions to provide such services as payment processing, risk management, loyalty programs, digital banking and marketing. PSCU said it prevented over $277 million in would-be fraud last year, 30 percent more than in 2018.

Fraud 151

Fraud Virginia Florida Risk Management 151

PYMNTS

JANUARY 20, 2021

open banking, in principle and practice, has spread to other countries (such as in Taiwan and in Australia) throughout the world. million in 2018 to roughly 6 billion in 2020. Open Banking In The States . As for open banking here in the states, as noted in this space late last year , regulators are refocusing on the space.

Data 188

Data Innovation Fintech Regulation 188

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

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

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. Services to Offset PSD2 IT Infrastructure Costs. Paving the Road Ahead.

Marketing 70

Marketing Payments Compliance Security 70

PYMNTS

APRIL 30, 2018

Digital banks. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 growing to $1.1 billion in 2018 growing to $1.1 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

NOVEMBER 23, 2020

Banking as a service makes it far easier for [entities] from startups to multinational corporations to access and create simple, fast, secure and transparent full-fledged financial products,” Athavale said. Businesses interested in [digital] payment tools want fast, easy ways to adopt them. based organizations, 41.2

System 165

System Management Tools Cards 165

Fintech Labs Insights

NOVEMBER 10, 2023

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. 4,870 $557 25 Step 264 2018 SF 128,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

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

PYMNTS

JANUARY 16, 2020

The language is not explicitly tied to recent activities from the Treasury Department (and specifically mandated by the Foreign Investment Risk Review Modernization Act passed by Congress in 2018). A market worth as much as $40 trillion opens up a bit – but it was going to, anyway. and What’s In the Cards For The Cards.

Payments 132

Payments social media Operations Examples 132

PYMNTS

JULY 16, 2019

Instant digital issuance, mobile onboarding, and transaction enrichment are among the many digital card tools clients can tap. “A A key concern we hear about from customers is security and compliance,” Narayan said. Ondot also adheres to financial services’ best practices for privacy, security and compliance.

Innovation 128

Innovation Compliance User Experience Cards 128

PYMNTS

JANUARY 13, 2020

Wells Fargo has had trouble meeting regulator expectations due to obsolete methods and resources and is trying to revamp its approach to technology to address digital security and regulators’ concerns. 8, three years after launching the digital-only bank. Mattress Maker Casper Files IPO After $92M Loss In 2018.

Mobile 131

Mobile Payments Regulation Resources 131

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. The June 2020 Next-Gen Debit Tracker® examines the current state of debit in numerous contexts, perhaps none so important as guaranteeing great consumer experience and security.

Cards 135

Cards Millennials Conference America 135

PYMNTS

FEBRUARY 28, 2019

market sectors that are in need of accurate, automated identity verification technology, including healthcare and the public sector,” Socure CEO Tom Thimot said in the press release. The funding comes on the back of a good year for Socure in 2018. New investor Sorenson Capital also joined the round. To date, Socure has raised $57.5

Fraud 119

Fraud Capital Analytics Digital Banking 119

Cisco

MARCH 26, 2021

The imperative to connect in the most secure, flexible, and productive ways possible – from anywhere, at any time — is more critical than ever. Customers are also needing to drive operational efficiencies in their security approach. The World Isn’t Getting Any Simpler, So How Can We Get More Effective At Staying Secure?

Customer Experience 71

Customer Experience Retail Operations Security 71

PYMNTS

DECEMBER 12, 2018

As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity. Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience.

Fintech 211

Fintech Mobile Analysis Technology 211

Insights on Business

OCTOBER 17, 2018

Ten speakers on stage at Sibos 2018. While you are there, explore how IBM LinuxONE and Temenos work together to provide a “one-stop-shop” for modernizing core banking systems. Learn about the benefits of the The LinuxONE T24 Digital Banking Platform: Optimized architecture for Temenos T24 and Temenos core modules.

blockchain 110

blockchain Video Compliance Meeting 110

PYMNTS

JANUARY 14, 2020

A rebound in trading volumes helped boost results, and Wall Street may have trained its collective gaze on the fact that revenues from the markets business were up 56 percent from last year to $5 billion, and where fixed markets revenues were up by 78 percent, with equity trading rebounding 15 percent. billion, compared to $375.2

Cards 131

Cards Data Training Community Bank 131

PYMNTS

JULY 18, 2018

The marketplace of 2018 and its many opportunities are the favored fodder for optimists in the digital age. 372 million: Estimated property damage (so far) from the Kilauea volcanic eruptions of 2018. 1 trillion: Value of loan balances held by credit unions as of March 2018.

Data 100

Data Millennials Fraud Community 100

PYMNTS

DECEMBER 13, 2018

The freelance market has expanded rapidly in recent years. Horrendously, in 2018, the standard way that all these people communicate is by emailing Excel spreadsheets full of sensitive, personally identifying information,” he said. According to the latest Gig Economy Index , 33.8 percent of the U.S. In the U.K.,

Payments 119

Payments Security Data System 119

PYMNTS

JANUARY 14, 2020

A rebound in trading volumes helped boost results, and Wall Street may have trained its collective gaze on the fact that revenues from the markets business were up 56 percent from last year to $5 billion, and where fixed markets revenues were up by 78 percent, with equity trading rebounding 15 percent. billion, compared to $375.2

Cards 130

Cards Data Training Community Bank 130