PYMNTS

SEPTEMBER 11, 2019

The company had received an account information service provider license from Danish authorities in 2018. As reported, the company launched payment infrastructure that facilitates account to account payments across industries and enterprises stretching from banks to retailers. there is a new company with a banking license in place.

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

OCTOBER 29, 2019

It was formed in 2018 and it has a 5.2 Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. MF Technologies is a collaboration between Megafon, Rostec, Gazprombank and USM holdings. percent stake in Mail.ru Group, as well as the control of most of its voting rights. Boris Dobrodeyev, Mail.ru

Operations 101

Operations Groups Technology Marketing 101

PYMNTS

OCTOBER 29, 2019

It was formed in 2018 and it has a 5.2 Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space. MF Technologies is a collaboration between Megafon, Rostec, Gazprombank and USM holdings. percent stake in Mail.ru Group, as well as the control of most of its voting rights. Boris Dobrodeyev, Mail.ru

Operations 100

Operations Groups Technology Marketing 100

PYMNTS

FEBRUARY 17, 2020

Online bank N26 ‘s decision to exit the U.K. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to do business there. in October of 2018 — more than two years after the U.K. locations on April 15.

Comparison 231

Comparison Digital Banking Branding Report 231

PYMNTS

DECEMBER 24, 2018

Tide is a mobile-first digital banking service for small and medium-size businesses (SMBs) in the U.K. that offers both banking products and an easy connect point for third-party partners to tightly integrate and distribute administrative or financial services products to Tide members. It will involve making trade-offs.”.

Data 151

Data Payments System social media 151

Bank Innovation

JANUARY 29, 2019

Umpqua Bank’s strategic plan to boost profitability and simplify operations by 2020, called NextGen, appears to be performing above expectations, according to the bank’s fourth-quarter earnings for 2018. based bank realized $16 million of a $24 million-to-$36 million target range for annual cost reductions.

Strategy 170

Strategy Operations Online Digital Banking 170

PYMNTS

JUNE 14, 2020

The move comes after the news of Xapo’s transition to a digital bank announced for this year. CoinFlux, which provided a local fiat gateway for Romanian traders, was readying to celebrate its third anniversary less than a week before Nistor’s arrest in late 2018.

Bitcoin 201

Bitcoin Kentucky Payments cryptocurrency 201

Bank Innovation

FEBRUARY 4, 2019

BBVA’s new Group CEO Onur Genç could barely get through a sentence during the bank's fourth-quarter earnings call without saying the word "digital."

Groups 170

Groups Operations Digital Banking Cards 170

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. The technology’s speed and seamlessness have long appealed to banks, but many are now also eyeing the cloud to keep their data secure.

Compliance 225

Compliance Regulation Guidelines Security 225

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

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. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

Chris Skinner

JULY 26, 2018

The big winners in the first quarter of 2018 are Halifax, Nationwide and HSBC. The big losers are Co-operative Bank, Lloyds and Barclays. Well, Halifax offers a great incentive to switch: £75 … nothing like … The post Does digital punish the poor?

Operations 164

Operations Digital Banking 164

PYMNTS

JULY 8, 2020

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. In January, Ant began discussions with banks to resurrect plans for an IPO that was shelved over a year ago due to regulatory and profitability issues.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65 earnings per share booked for the third quarter of 2018.

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

AUGUST 29, 2019

is beginning to show signs of a challenger banking boom, with regulators recently introducing a bank charter to fast-track FinTechs’ ability to obtain nationwide approval to operate. The initiative has been met with resistance, however, and many FinTechs continue to rely on bank collaboration in order to launch their U.S.

Fintech 173

Fintech Innovation Lending Digital Banking 173

PYMNTS

JUNE 3, 2020

digital bank Monzo will cut 120 jobs due to the impact of the coronavirus, Reuters reports. The news came from an internal note from the bank seen by the news outlet. The bank, which was founded in 2015, started off 2020 optimistic about new funding and planned to hire 500 new employees earlier this year.

Taxes 130

Taxes Digital Banking Tools Report 130

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

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Can AI Support Digital Banking’s AML Efforts? . A report found that the U.S. million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

NOVEMBER 23, 2020

While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. This approach can be compelling for employers that need to quickly solve problems to grow their workforces and operations worldwide.”. based organizations, 41.2 percent compensated workers in just one.

System 165

System Management Tools Cards 165

PYMNTS

JANUARY 21, 2020

Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 In 2018, Qonto was awarded a payment institution license, developing its own banking apparatus from there. In 2018, Qonto was awarded a payment institution license, developing its own banking apparatus from there.

Capital 131

Capital Digital Banking Compliance Mobile 131

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

NOVEMBER 10, 2020

After gaining a new license to operate as a financial institution in Latin America's largest economy of Brazil, MercadoLibre will work on expanding its portfolio of credit offerings, a report from BNAmericas says. Mercado Pago has been authorized since 2018 by Brazil's central bank to act as a payment institution.

America 156

America Regional Operations Report 156

PYMNTS

MAY 7, 2018

HSBC and BNP Paribas both recorded profit declines for the first quarter of 2018, according to reports on Friday (May 4). percent on the London Stock Exchange after the bank revealed net profits were down year over year, from $3.13 billion in Q1 2018. The Wall Street Journal said shares in U.K.-headquartered

Report 100

Report Digital Banking Marketing US 100

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent market share for global advisory fees in 2018, which Pinto said the institution could improve on, although it would be difficult. percent or 1.8 Chase reached 8.7

United States 153

United States cryptocurrency Digital Banking Google 153

Abrigo

AUGUST 26, 2019

Panelists will be Jill Hudson, Vice President & Operations Officer at Vision Bank in Ada, Oklahoma, Brandon McBay, Senior Vice President at Southern States Bank in Anniston, Alabama, and Laura Broderick, Chief Marketing Officer at Abrigo. The 2018 J.D. Stay Up-to-Date On Lending Best Practices. Learn More.

Conference 150

Conference Lending Oklahoma Alabama 150

PYMNTS

JULY 28, 2019

In this seventh round series F funding, the company raised $400 million and is now the largest “digital bank” in the world, a Nubank press release said. . Nubank said it is the fastest-growing FinTech, having doubled its customer base since October 2018. “We This year, Nubank started operations in Mexico and Argentina.

America 134

America Capital California Fintech 134

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 percent market share for global advisory fees in 2018, which Pinto said the institution could improve on, although it would be difficult. percent or 1.8 Chase reached 8.7

United States 136

United States cryptocurrency Digital Banking Google 136

PYMNTS

JANUARY 11, 2021

Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. Richard Holmes, previously CEO at Standard Chartered European, joined the Revolut team in October 2020 as a board advisor. He will be tasked with developing the board and leadership team.

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

PYMNTS

MAY 3, 2019

The burden of document requirements has led the financial services sector to demand digital, automated solutions to address the regulatory need, with U.S. banks at the forefront of implementing such solutions.

US 128

US Report Management Analytics 128

PYMNTS

JANUARY 20, 2021

million in 2018 to roughly 6 billion in 2020. Cumulative call volumes have reached more than 7 billion, while open banking payments have risen to more than four million transactions in 2020, up significantly from 320,000 in 2018. Open Banking In The States . API call volume, according to the data, have increased from 66.8

Data 188

Data Innovation Fintech Regulation 188

Bank Innovation

JANUARY 15, 2019

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. Corbat said the bank will potentially reap $500 million to $600 million in incremental savings each of the next two years. It seems $200 million is only the beginning.

Technology 186

Technology Operations Digital Banking Cards 186

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

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. ” In India, Too.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

PYMNTS

JANUARY 29, 2019

The Union of Arab Banks (UAB) has said in a study that such a movement would change the way Arab banks provide financial services. . As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

JANUARY 16, 2020

Each country will “be able to operate openly and freely in the jurisdiction of the other Party without any force or pressure from the other Party to transfer their technology to persons of the other Party.”. By opening access to China, digital banking, at least as rendered through wealth management, for example, may get a broader embrace. …

Payments 132

Payments social media Operations Examples 132