PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. million. .

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Fraud Fintech Compliance Regulation 189

Bank Innovation

DECEMBER 15, 2018

Baiju Bhatt and Vlad Tenev, Robinhood The commission-free trading startup Robinhood may be the most talked-about fintech company in banking circles. Heads spun the next day, too, when the head of the Securities Investor […].

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Fintech Security Company America 170

CB Insights

OCTOBER 21, 2018

CB Insights unveiled the second annual Fintech 250 — a list of 250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. THE FINTECH 250 STORY. CB Insights clients can view the full Fintech 250 story by clicking the button below. Please click to enlarge.

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Fintech Lending Capital Analytics 78

PYMNTS

MARCH 25, 2020

Branchless bank and FinTech Green Dot has reported that Dan Henry will step in as its new president and CEO, and will also join the board of directors. Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. million.

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Fintech Operations Innovation Company 139

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

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Fintech blockchain Fraud United States 129

PYMNTS

DECEMBER 2, 2020

Silicon Valley FinTech startup Step has raised $50 million in a Series B funding round, the company announced Wednesday (Dec. Founded in 2018 and launched in October, the all-in-one banking app has a half-million users and is geared toward teenagers and young adults to help them gain financial independence.

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Fintech FDIC Resources Management 217

PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. This makes data security of utmost importance to CUs, but even attacks on unrelated third parties can be devastating to CU members. percent in 2016.

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Nevada Security Innovation Data 192

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

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PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. Beyond news of the solution itself, Leleux said an almost bigger story was that a bank had worked with a FinTech and they had won together. (As

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Fintech Payments Innovation Company 174

PYMNTS

JANUARY 8, 2021

The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. The FinTech was valued at around $11.7 The FinTech offers a brokerage app that is often favored by inexperienced investors.

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Massachusetts Fintech Millennials Retail 363

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. Digital Risks’ first Series A round closed in 2018.) B2B eCommerce startup Sokowatch scored a win for Kenya’s B2B FinTech community after raising $14 million in Series A funding, reports in TechCrunch said.

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Fintech Capital Lending Report 175

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

JULY 5, 2018

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

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Compliance Fintech Marketing Security 109

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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Fintech Lending United States Regulation 172

Insights on Business

FEBRUARY 7, 2018

Enter, IBM Think 2018 , the premier business and technology event of the year that underscores and emphasizes the bond between business and technology. If you look for a common theme among the financial and banking sessions, speakers, demos and client stories at Think 2018, it is disruption through agility. Just about no one.

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Las Vegas blockchain NV Conference 111

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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Fintech Customer Experience Tools Technology 177

PYMNTS

JUNE 21, 2019

They want it to be easy and intuitive, and to assume it will be safe and secure. Finding Friendly Ground With FinTech Firms. However, she added, for all the disruption that FinTech firms have brought to financial services in general, they aren’t an adversarial force in the market for credit unions.

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Fintech Fraud Data ATM 163

Bank Innovation

SEPTEMBER 29, 2017

The hack has laid out the red carpet for startups focusing on data security. Based in London, Nuggets is a zero-knowledge security company that uses blockchain technology and biometric authentication to protect […]. EXCLUSIVE – With the Equifax hack, the perils of a data breach are no longer a hypothetical problem.

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blockchain Security Data Technology 199

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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Fintech Lending Survey Innovation 118

PYMNTS

JUNE 22, 2017

In venture capital news, London startup TrueLayer has raised $3 million in Series A funding so that it can enable FinTech companies to access bank APIs. We want to provide developers with a simple, secure and universal API to access the bank infrastructure and enable the next wave of financial services.”. It is available in the U.K.,

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Company Fintech Groups Capital 155

PYMNTS

APRIL 2, 2020

The Business Securitisation Fund was announced in late 2018 as a way to support small and medium-sized businesses (SMBs). The first chunk of funding is expected to be available immediately and the AOFM will see funds funneled in from Prospa, Zip and Flexigroup, among other FinTechs.

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Security Lending Fintech Management 167

PYMNTS

MARCH 2, 2018

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.

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Fintech Capital blockchain Lending 118

Bank Innovation

SEPTEMBER 7, 2018

A Fintech Global report, published this week, found that global investment in payments and remittance companies has reached a historic high. Faster payments and remittance services have had record-breaking amounts of investment this year. For the first half of the year alone there has been $17.5 billion invested, which trumps the $12.3

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Payments Fintech Report Company 150

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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Fintech Financial Technology Technology Operations 170

PYMNTS

JULY 29, 2019

The debit card was introduced early in 2018 in Europe. Banks aren’t necessarily a secure place for your money,” he said. Glint Pay was started by entrepreneur Jason Cozens. “We We want gold to be considered like any other currency,” Cozens said. “We We want to give a reliable currency to the world.”. percent transaction fee.

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Cards Colorado Denver Fintech 191

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. Recognise was created in 2018 with a mandate to serve small and medium-sized businesses. Today in B2B payments, Mastercard adds new features to its Track Business Payment Service, while a U.K.

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Security Samsung Resources Management 141

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Financial services providers must run tight ships when offering mobile services, and various techniques can help keep them secure.

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Security Fraud Mobile Cards 113

PYMNTS

JULY 25, 2017

The July PYMNTS Digital Identity Tracker™, powered by Socure, features news on how security technology providers are using new technology, including biometrics and two-factor authentication, to protect customer data and comply with new regulations surrounding data security. . Around the Digital Identity World.

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Security Report Regulation Course 101

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Phone number.

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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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Las Vegas System Operations Industry 138

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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Conference Regional Examples Payments 98

Chris Skinner

JULY 16, 2019

Officially launched in November 2018, around the same time as the UN’s Principles for Responsible Banking, the taskforce is specifically tasked by the Economic and Security Council (ECOSEC) to look at how the financial system and … The post Financing is critical to our future world appeared first on Chris Skinner's blog.

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System Security Fintech 304

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The partnerships are part of a larger plan by Lloyds Bank to enhance its online banking offerings, an initiative that began in 2018. The bank has designated $3.7

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Digital Banking Security Innovation Google 262

PYMNTS

JANUARY 11, 2021

The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. billion valuation.

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cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

APRIL 30, 2018

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 from $945 million in 2017 and will grow more than 80 percent year over year to reach $9.7 And to learn.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

NOVEMBER 29, 2017

The November edition of the PYMNTS Digital Banking Tracker , a Feedzai collaboration, features an interview about how credit unions can attain AI, a scorecard of industry players and the latest headlines surrounding AIs, digital security and new digital banks. Around the Digital Banking World. percent cash back on debit card transactions.

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Security Digital Banking Resources Mobile 173

PYMNTS

MARCH 26, 2019

The industry indeed proved to be lucrative for FinTechs, with alternative lending often landing at the top of venture capital investment reports with giants like Kabbage , OnDeck and LendingClub securing an early lead in the industry. Remarks made in 2017 from BlueVine CEO Eyal Lifshitz hinted at this emerging trend.

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