PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

NOVEMBER 4, 2019

“Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60 percent of total employment and up to 40 percent of national GDP in emerging economies,” said Santander’s Executive Chairman Ana Botín.

Fintech 102

Fintech Capital America Payments 102

PYMNTS

SEPTEMBER 3, 2019

Monese raised $60 million in Series B funding led by Kinnevik in 2018. PayPal, Augmentum Fintech, International Airlines Group and Investec’s INVC Fund also participated in the round. In May , Monese extended Apple Pay support through 13 countries in Europe, and also arrived at National Australia Bank. as well as France.

Fintech 129

Fintech Apple National Mobile 129

PYMNTS

FEBRUARY 26, 2020

FinTech upstart JUMO has notched $55 million in equity and debt funding. The funding occurred in a climate of strong interest in the potential of FinTech upstarts in Africa. This latest investment brings JUMO’s total amount raised to almost $150 million, and comes after two large 2018 rounds when the firm took in $64.5

National 132

National Fintech Lending Operations 132

PYMNTS

JULY 20, 2018

Sydney, the most populous city in Australia, is also a burgeoning FinTech hub: In fact, Deloitte has ranked it as the eighth most conducive hub for growth in the FinTech sector. A key element in its emerging global reputation is the speedy progress we have made in FinTech in Sydney.”. stocks, call the city home.

Fintech 101

Fintech social media Regional Customer Experience 101

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. SoFi/Galileo: This $1.2 customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

Bank Innovation

MARCH 8, 2018

EXCLUSIVE – In honor of International Women’s Day, it’s important to appreciate the progress women have made in the fintech world. But, it’s equally necessary to acknowledge that there’s a long way to go. Female-led startups still have a harder time getting investment, perhaps because most investment firms are led my men.

Video 186

Video Fintech National Capital 186

CFPB Monitor

SEPTEMBER 13, 2018

On September 12th, the Conference of State Bank Supervisors (CSBS) announced that it would again pursue litigation in opposition to the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter. On April 30, 2018, a D.C. On April 30, 2018, a D.C.

Fintech 60

Fintech New York National Conference 60

CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. Nothing in the NBA identifies deposit-taking as an indispensable function for a national bank to be engaged in the “business of banking.”.

Fintech 60

Fintech Regulation New York National 60

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160

National Policies Mobile Payments 160

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm. ”

Capital 122

Capital Fintech Kansas United States 122

CFPB Monitor

FEBRUARY 20, 2019

The Conference of State Bank Supervisors (CSBS) announced last week that it has agreed to implement 14 recommendations made by its Fintech Industry Advisory Panel (Advisory Panel). It has 33 fintech company members that engage with the CSBS Emerging Payments and Innovation Task Force and other state regulators.

Fintech 68

Fintech Conference Survey Regulation 68

CFPB Monitor

MARCH 21, 2019

The New York Department of Financial Services has filed a memorandum of law opposing the OCC’s motion to dismiss the NYDFS’s second lawsuit seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to fintech companies. section 5.20(e)(1))

Fintech 68

Fintech National Regulation New York 68

PYMNTS

JULY 23, 2020

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. Mexico has crafted its upcoming rules with similar developments in mind, especially as its 2018 law makes the market more attractive to FinTechs.

America 165

America Regulation Regional Tools 165

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . Through that plan, the currency of every nation receives a varied weight depending on its economy.

Regional 161

Regional Bitcoin cryptocurrency National 161

PYMNTS

MAY 29, 2019

This year it applied for a national bank charter from the Office of the Comptroller of the Currency. A spokesman told CNBC in April that getting the national bank charter will enable it to offer banking products. In 2018 its user base jumped from 4 million during the summer to 6 million by late 2018.

National 159

National California Maine Marketing 159

PYMNTS

JULY 6, 2020

The FinTech said it is harnessing modern technologies and information analytics to provide an outlook for the value of prescriptions a pharmacy is set to dispense, which allows for payment a month before they are filled. ” Approximately 1,000 pharmacies that the FinTech works with throughout the U.K. billion pounds ($1.5

Payments 150

Payments Analytics America Fintech 150

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . Through that plan, the currency of every nation receives a varied weight depending on its economy.

Regional 140

Regional Bitcoin cryptocurrency National 140

CFPB Monitor

SEPTEMBER 5, 2019

federal district court has granted the OCC’s motion to dismiss the lawsuit filed by the Conference of State Bank Supervisors (CSBS) to block the OCC from issuing special purpose national bank (SPNB) charters to fintech companies.

Regulation 60

Regulation Fintech Conference National 60

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. In 2018, startups in the space raised more than $45B, a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. Data is as of 12/19/2019.

Fintech 51

Fintech Regional Analytics Groups 51

PYMNTS

NOVEMBER 21, 2017

has its own Open Banking initiatives coming into force in 2018, too. They’re a result of the Competition and Markets Authority (CMA) inquiry, which found a serious lack of innovation in the nation’s banking sector — especially when it comes to small- and medium-sized business (SMB) services. As the U.K. ’” said Gorst.

Fintech 115

Fintech Millennials Meeting Innovation 115

CFPB Monitor

JANUARY 19, 2022

federal district court in December 2020 seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs.

Technology 78

Technology National FDIC Fintech 78

CFPB Monitor

MAY 19, 2022

The Department alleges that 100% of the loans to Connecticut residents originated on the Platform from June 2018 to August 2021 either contained a Lender Tip or a Solo Tip. Consumers are encouraged to offer a Lender Tip in an amount up to 12% of the loan amount and a SoLo Tip of up to 9% of the loan amount.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

DECEMBER 5, 2018

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation.

Innovation 171

Innovation Survey Operations Community 171

CFPB Monitor

FEBRUARY 22, 2019

Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies.

Fintech 68

Fintech New York Regulation Conference 68

CB Insights

DECEMBER 12, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. In 2018, startups in the space raised more than $45B , a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. Lending Club.

Fintech 41

Fintech US Lending Analytics 41

South State Correspondent

JUNE 9, 2022

Most fee income generated by larger banks is not related to investment banking, wealth management, cryptocurrency, or Fintech. The graph below compares fee income (non-interest income) to total revenue from 2018 to Q1’22 for banks over $25B (81 largest banks) and banks under $2B (4k community banks).

Community Bank 195

Community Bank Community Comparison Fintech 195

PYMNTS

APRIL 29, 2019

“Most of the decline [in optimism] was concentrated in assessments of current conditions in the national economy, but future economic prospects remain at the same level as last quarter,” explained University of Michigan Institute for Social Research’s Associate Professor Dr. . Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

PYMNTS

APRIL 23, 2020

Lloyds will look to both of these providers to help it create digital banking tools for its customers that will allow it to compete with the rising number of online-only FinTechs and challenger banks grasping at established FIs’ market share in the United Kingdom. FinTechs Curve, Neat On Why Infrastructure Is Key To Digital Transformations.

Digital Banking 262

Digital Banking Security Innovation Google 262

PYMNTS

DECEMBER 4, 2018

The year 2018 was a record year for small business (SMB) optimism in the U.S., The Bank of America Business Advantage “ Fall 2018 Small Business Owner Report ” found continued positivity among the nation’s small businesses, and in their outlook for the months ahead.

America 125

America social media National Policies 125

PYMNTS

OCTOBER 7, 2019

Silicon Valley FinTech Affirm is rolling out a new app that will give customers a way to shop at almost any store and split their payments, the company announced in a press release on Monday (Oct. Holiday spending by Americans topped $700 million in 2018 and is expected to be higher in 2019, according to the National Retail Federation.

Payments 139

Payments Millennials Retail Cards 139

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. Download the free report to find out how fintech is shaping the future of wealth management and investing.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

MAY 19, 2019

Wong was in charge from 2007 until 2018. The National Credit Union Administration was named as Municipal Credit Union’s conservator, Linda Lacewell, the state’s acting financial services superintendent, told Reuters. million worth of New York State Lottery tickets with the money he embezzled.

New York 181

New York Security Customer Experience Innovation 181

CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

MARCH 17, 2020

percentage points between 2018 and 2019 — from 17.3 percent between 2018 and 2019.”. consumers with over 200 CU and FinTech executives. percent of CU members would consider using challenger banks if they were operated by national banks, and 16.4 percent to 21.9 percent,” the report states. Competitive Threats.

Innovation 159

Innovation Study Operations Examples 159

PYMNTS

JANUARY 4, 2019

.” Marcus rates are much higher than the national average, however, because other lenders like JPMorgan Chase and Bank of America rely on sign-on bonuses to attract deposits. In November of 2018, Marcus saw a strong international debut that the company said “exceeded every expectation.”.

Conference 156

Conference Online America National 156

PYMNTS

JANUARY 20, 2021

Coming off a March 2018 “base,” we find that initial reading for the index is 207.8, Drilling down into payments data, the National Payments Corporation of India (NCPI) reported this week that about one-third of Indian households use digital payments — a number that can easily go up to 50 percent.

Payments 182

Payments ATM Training Study 182