Bank Innovation

NOVEMBER 15, 2017

EXCLUSIVE- Bank Innovation has released the agenda for its seventh annual fintech conference, and it is completely overhauled to enhance the event experience for attendees.

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Bank Innovation

FEBRUARY 28, 2018

EXCLUSIVE – Everything in banking is changing: fintechs are solidifying their place in the financial ecosystem, as challenger banks, online lenders, and blockchain technology providers become essential functions to keep the industry moving forward.

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Bank Innovation

DECEMBER 11, 2017

EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same.

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PYMNTS

JANUARY 19, 2020

Mumbai, India-based online business-to-business (B2B) marketplace Beldara is planning a global expansion to link more international suppliers with overseas buyers, reports said on Thursday (Jan. In other Indian business news , Tracxn data has indicated that B2B FinTech firms saw $14.5 B2B FinTech firms overall secured more than $33.5

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PYMNTS

SEPTEMBER 2, 2020

Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. The program launched in 2018 had grown 280 percent at the time, including more than 140 FinTechs around the world.

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Bank Innovation

MARCH 1, 2018

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. Think Mint, Yodlee and Intuit, who, according to Malauzai Software’s Monkey Insights February 2018 report, are the largest.Read More.

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Bank Innovation

DECEMBER 18, 2017

Indonesian car share app Go-Jek purchased three three fintech startups last week for an undisclosed amount, according to reports. These startups are all focused in the digital payments space: offline payments processor Kartuku, online payments gateway Midtrans, and lending network Mapan.

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PYMNTS

OCTOBER 14, 2020

The way it works, since the company began testing it in the city of Kahramanmaras in 2018, is that users can send a text message and refill their cards via mobile phone. The country otherwise has sophisticated online banking products and an emerging FinTech sector.

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Bank Innovation

JANUARY 16, 2018

EXCLUSIVE—Crypto wallet provider Wirex will be expanding its services to several new markets in 2018, including the United States, CEO Pavel Matveev told Bank Innovation. It’s [one of] our top priorities at the moment, we are in the process of getting a company, looking for names,” Matveev said. “We

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PYMNTS

NOVEMBER 25, 2020

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Plus, N26 is launching a subscription-based online banking suite.

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Bank Innovation

DECEMBER 13, 2018

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. operations. These projects range from less visible, but equally important, system upgrades on the back-end and more visible ones like installing Softbank’s robot Pepper in its New York flagship. The bank […].

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Bank Innovation

DECEMBER 11, 2017

Despite the abysmal stock fall of LendingClub, arguably the pioneer in the online lending space, digital lenders in […]. The year 2017 has been the year for bitcoin, but it has also been the time for digital lenders, who seem to be experiencing significant growth across personal, SME, and student-focused verticals.

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Bank Innovation

JUNE 21, 2018

PREMIUM – Every year Bank Innovation assembles a list of 44 innovators that caught our attention in digital banking and fintech. These are the people Bank Innovation believes to be this year’s movers and shakers in the industry, paving the way with forward-thinking technologies and ideas.

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Bank Innovation

APRIL 18, 2018

EXCLUSIVE - With over 100,000 signups to date, Ollie Purdue, CEO of digital current accounts Loot will turn his focus on generating revenues this year. “We We spent last year and most of 2016 scaling and on the workings of the product,” Purdue told Bank Innovation. This year, we look at revenues.” Launched back in 2014, […].

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PYMNTS

JANUARY 18, 2019

For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains. As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. There are always company-specific considerations at hand when investors bet on or against a stock.

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Bank Innovation

FEBRUARY 13, 2018

EXCLUSIVE—Online lender OnDeck grew originations and expects even more growth this year, according to its earnings call today. The New York-based OnDeck expects “originations to grow at double-digit rates” over the next year, company CEO Noah Breslow said during the call this morning.

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PYMNTS

JANUARY 10, 2018

And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said. And so, as 2018 begins, so does the Start Path class of 2018, which is accepting applications until Jan. The Start Path Admissions Process.

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PYMNTS

OCTOBER 8, 2019

Kazakh FinTech group Kaspi.kz Kaspi.kz, which is part-owned by Baring Vostok and Goldman Sachs , offers online payments and an eCommerce marketplace accessed through an app. Net income for the company has increased 54 percent to $203 million in the first six months of 2019 compared with the same period in 2018. “We

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PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? As for inroads into overall credit as a whole, the BIS noted that FinTech accounted for 13 percent of volume in China, and stood at 15 percent of lending to consumers and small and mid-sized enterprises (SMEs) in the United Kingdom.

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PYMNTS

MARCH 13, 2019

At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. The country ended 2018 on a high note, with startups receiving a combined $10.5

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PYMNTS

NOVEMBER 19, 2020

The company also acquired Shoplo for eCommerce last year and Debitoor, for accounting and invoicing, in 2018. Goodtill’s POS technology helped hospitality businesses quickly pivot to mobile table service and online ordering during the coronavirus crisis. Its Goodeats tool has so far processed over 1 million orders during the lockdown.

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PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. What some financial institutions have come to realize is that collaborating with FinTechs can enable them to offer cutting-edge solutions while reserving resources to invest in meeting those advisory needs.

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PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. FinTech offers include creating seamless online loan applications and software that analyzes financial data to deliver the best possible deal.

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PYMNTS

DECEMBER 13, 2017

12) that it is working with FinTech firm RCGILTNER Services to deploy the digital platform, which will launch in the first quarter of 2018. Other traditional banks have followed a similar route, partnering with FinTechs to develop online SMB lending portals. The financial institution (FI) said Tuesday (Dec.

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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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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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Bank Innovation

MARCH 1, 2019

Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac.

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PYMNTS

MARCH 29, 2019

For Ant Financial it would make sense to invest in the FinTech arm of Grab because it is expanding into Southeast Asia. In 2018 Grab purchased Uber’s Southeast Asia business. Grab is in talks with Ant and PayPal about the two making strategic investments in Grab Financial Group, according to the report.

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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. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools.

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PYMNTS

JUNE 21, 2019

Consumers are shopping, gaming and streaming entertainment online — everything is increasingly becoming digital-first, particularly for younger consumers, and credit unions nationwide know they must compete on those grounds. Finding Friendly Ground With FinTech Firms. The challenge lies in the “how.”

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Bank Innovation

FEBRUARY 5, 2019

SunTrust Banks’ fintech investment LightStream delivered $2 billion in originations in 2018, Allison Dukes, the bank's chief financial officer, said during a fourth-quarter earnings call.

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Insights on Business

MARCH 19, 2018

To a maximum capacity audience and kicking off an exciting week of IBM Think 2018 in Las Vegas, IBM VP Saket Sinha led the “Intelligent Automation in Financial Services” breakout session. “Intelligent automation allows business and technology to function together for a common goal instead of against working against one another.”.

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PYMNTS

JULY 10, 2018

Coming up on the half mark in 2018, total fundraising on the continent has hit $168.6 The two biggest players in the FinTech startup have been Cellulant — a digital payments operation currently up and online in 11 African countries — and the online micro-lending startup Branch. So why the boom? Cellulant raised $47.5

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Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Jim Brill, IBM Financial Services Marketing.

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Bank Innovation

DECEMBER 3, 2018

It’s been an interesting year. Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have shaken up the banking landscape and automation has become the norm in various aspects of banking with banks like using it in the backend of credit decision-making and lending.

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PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing.

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PYMNTS

MAY 23, 2019

What ends up being really, really important is offering a balanced approach, and making sure that those channels are integrated, so that if I start a process online or in person, I can change channels to finish it,” Chambers said. Over that same time period, [FinTech firms] went from 5 percent to 35 percent,” Chambers explained.

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