PYMNTS

JULY 4, 2018

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. s exit from the bloc next year.

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PYMNTS

MARCH 6, 2018

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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PYMNTS

JANUARY 3, 2020

With the holiday season wrapped, venture capitalists are gradually returning from a bit of a break in the B2B FinTech funding front. According to TechCrunch reports, citing Tracxn data, the nation saw $14.5 billion in technology startup funding in 2019, a new record for the market and almost $4 billion higher than it saw in 2018.

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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.

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Fintech Payments Innovation Regulation 192

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.

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Fintech Apple National Mobile 129

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.

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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.

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Fintech FDIC Capital Community Bank 109

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.

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PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. 29), has Penn National Gaming Inc.

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CFPB Monitor

JUNE 7, 2021

Court of Appeals for the Second Circuit has ruled that the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies should be dismissed for lack of Article III standing.

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New York Fintech National Regulation 78

PYMNTS

JULY 6, 2020

Greensill is aiming to offer financial assistance to pharmacies in the United Kingdom with a payment technology it created with the NHS Business Service Authority (NHSBSA), according to an announcement. ” Approximately 1,000 pharmacies that the FinTech works with throughout the U.K. billion pounds ($1.5

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Payments Analytics America Fintech 150

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.

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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. ”

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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.

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Fintech New York National Conference 60

PYMNTS

APRIL 23, 2020

In the inaugural Digital Banks And The Power Of The Cloud Tracker® , PYMNTS examines how cloud-based tools are becoming part of banks’ digital transformations worldwide and how they are overcoming obstacles that can come with implementing these technologies. FinTechs Curve, Neat On Why Infrastructure Is Key To Digital Transformations.

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Digital Banking Security Innovation Google 262

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.

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PYMNTS

AUGUST 16, 2019

Khun Sarintorn, VP of international remittance business solutions for Thailand-based Kasikornbank (KBank), explained how the bank’s collaborations with FinTechs are helping to make overseas transfers more transparent and efficient. They were also skeptical of partnering with FinTech companies. Remittances on the Rise. innovations.

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Payments System Fintech Innovation 204

BankBazaar

FEBRUARY 27, 2020

National, February 25, 2020: BankBazaar , India’s leading provider of free credit score and online financial services marketplace, announced that it expects to close this financial year on a month-on-month EBITDA-profitable basis (for the month of March 2020). in November 2018. BankBazaar is looking to end FY20 at EBITDA profitability.

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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.

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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.

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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.

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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.

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PYMNTS

JANUARY 24, 2019

Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. News from SWIFT on Wednesday (Jan. Among the dominant players: UPI, IMPS and others.

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Payments Fintech Retail Report 156

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Teletherapy.

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Industry Technology Online Video 101

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. There are a number of great events in FinTech but this one I do my best to attend each year. Again another financial wellness platform using machine learning technology. A TON of really old technology is being used in mortgage lending. Pretty good dashboard. Good job AI Foundry!

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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.

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PYMNTS

JULY 1, 2019

Traditional banking options are not up to par in today’s digital world, and FIs and FinTechs need to be ready to support their clients with quick, transparent payment methods and easy currency conversions if they want to remain competitive. Blockchain network Ripple has prominently featured in multiple partnerships as of late.

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blockchain Payments Retail Innovation 211

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.

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PYMNTS

APRIL 3, 2019

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.

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PYMNTS

JANUARY 9, 2020

as there is in the rest of the world,” said Stephanie Martz, senior vice president and general counsel of the National Retail Federation (NRF) , the world’s largest retail trade association. The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium.

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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.

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PYMNTS

JUNE 6, 2019

Last month, the Small Business Administration (SBA) and the National Credit Union Administration (NCUA) announced a collaboration that aims to promote credit unions’ participation in the SBA small business lending program, via webinars and training events aimed at broadening the credit union sector’s small business lending efforts.

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Abrigo

FEBRUARY 25, 2022

Takeaway 3 Technology allows lenders to blend these approaches while achieving greater economies of scale. PPP Proved Technology. One possible path to reverse the declining trend in profitability is through investments in technology," said CSBS Chief Economist Thomas F. Lenders Easing Terms. Streamlined, Quick.

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PYMNTS

DECEMBER 30, 2019

Fifty-four countries now have active real-time payment programs, up from 40 countries in 2018. Real-time payments technology continues to bring speedier payments to new markets such as the music business, and artists — and their accountants — dig the new sound. Bursari Helps Public Schools Adopt Faster Payments.

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PYMNTS

JANUARY 12, 2020

Co-founder Gwalani, chief product and technology officer, said the startup has about 24 employees, some coming from Netflix, Flipkart and PayPal. India started building a national digital financial infrastructure when the number of Indians with bank accounts reached 53 percent in 2014, up from 35 percent in 2000.

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Google Capital Millennials Digital Banking 101

PYMNTS

SEPTEMBER 3, 2018

In the continuing swirl of headlines that seem to blur and blend cryptos, blockchains and developing nations, a number of collaborations between large tech firms, traditional financial institutions (FIs) and FinTech upstarts stood out. Blockchain technology, he said, may boost transparency between trading firms.

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CFPB Monitor

FEBRUARY 14, 2019

” In September 2018, the Bureau proposed significant revisions to its “Policy to Encourage Trial Disclosure Programs” which sets forth the Bureau’s standards and procedures for exempting individual companies, on a case-by-case basis, from applicable federal disclosure requirements to allow those companies to test trial disclosures.

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