PYMNTS

JANUARY 17, 2019

In 2018 alone, the company generated $100 million in revenue. The transaction should generate $50 million in net present value of tax benefits. According to new research by Devenir on the top 20 health savings account (HSA) providers, DBI was named the fastest growing.

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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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Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

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Taxes Video Analytics Arkansas 76

PYMNTS

JANUARY 16, 2020

Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Silver Lake and other owners will retain roughly 42 percent of the combined company.

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Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The […].

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Las Vegas Taxes Software Branding 186

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. 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 growing to $1.1 Benjamin Franklin.

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CB Insights

JANUARY 17, 2019

In 2018 there were a record 1,707 equity investments into VC-backed fintech companies, up 15% from 2017. The post Where Smart Money VCs Are Placing Bets In Fintech appeared first on CB Insights Research. Of these, smart money VCs participated in 116 deals totaling $5.9B. Want the full expert post? Become a CB Insights customer.

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Fintech Taxes blockchain Trends 57

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18.

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PYMNTS

APRIL 22, 2020

The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment services, digital money transfer services and eWallet services. The technology holding company also has member businesses in gaming, security and financial services. .

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PYMNTS

OCTOBER 13, 2019

FinTech company Revolut wants to raise as much as $1.5 Visa is taking an active role in working with FinTechs and emerging players who are entering the payments ecosystem at a rapid pace,” Visa Chief Product Officer Jack Forestell told PYMNTS at the time. billion so that it can expand globally. banking licence.

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PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Earlier in 2018, Ant became the most valuable tech startup after raising $14 billion investors in China, the U.S.

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PYMNTS

OCTOBER 25, 2019

We have deep, data-supported dives on Apple Pay, the outlooks for payments innovation in the 2020s, web sales taxes and Amazon’s holiday shopping season news. Lights out for the FinTech charter idea ? NRF On The Case For Revising eCommerce Sales Tax Laws. The 2018 South Dakota v. What’s in store for the 2020s ?

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Apple Innovation South Dakota Taxes 101

PYMNTS

FEBRUARY 2, 2018

In addition, B2B venture capital (VC) went to FinTech firms and underbanked consumers and small businesses (SMBs) experienced banking hurdles. Its results topped expectations, once impacts from recently passed tax legislation were factored out, including a bottom line at $1.08 Here are the numbers: $4.9 Consensus stood at $3.26

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Apple Data Taxes Fintech 101

PYMNTS

APRIL 30, 2018

Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. More than 90 percent of survey respondents said they feel the government did not adequately prepare the small business community for the new tax code.

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PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. The new ban states virtual asset services include the exchange or transfer of virtual assets, or the exchange between virtual assets and fiat currencies.

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cryptocurrency Bitcoin blockchain Course 132

PYMNTS

JANUARY 16, 2020

The announcement comes on the heels of Visa’s announcement that it would buy FinTech firm Plaid for $5.3 In terms of operations, Global Blue has said that its tax-free shopping technology solutions – which help shoppers claim VAT refunds across 43 countries – serves 13 million international shoppers and 300,000 merchant stores.

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Payments Taxes Groups Fintech 100

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. For example, Bank of America reported on Wednesday (Jan.

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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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Fintech social media Analysis Marketing 51

PYMNTS

JANUARY 27, 2020

In 2018, one laughable incident involved the U.S. A crowd of FinTechs and challenger banks entering the disbursements space isn’t accelerating adoption to the extent needed, because it’s hard to differentiate them. billion worth of government checks in 2018 at an average cost of $2.50 Not all states feel the same.

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PYMNTS

JANUARY 17, 2020

But then again, only two weeks into 2020, mergers and deal-making in payments, specifically within digital payments and FinTech, are sizzling. The biggest one, so far, of course, has been Visa inking a deal to purchase FinTech firm Plaid for $5.3 Target’s toy sales were flat with 2018 and electronics were actually down.

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Bussman Advisory

DECEMBER 13, 2017

In fintech, the two most promising use cases remain payments (where there are $50–60 billion of potential savings to be had) and trade finance (which stands to save some $15 billion). As we saw payments do in 2017, I expect we will see trade finance begin to go live on blockchain in 2018. for high-value assets. Image Source.

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Fintech Labs Insights

FEBRUARY 22, 2022

Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). Related: 281 Fintech Unicorns of the 21st Century (Feb 2022). crypto exchange, lender, accounting, blockchain infrastructure, and so on ).

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Fintech Bitcoin blockchain Lending 15

PYMNTS

AUGUST 20, 2019

In an interview with Webster, Amit weighed in on the tailwinds that have helped the FinTech surpass $8 billion in annual transactions across its global payables platform, which, among other features, helps firms manage payments across units located in other countries.

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PYMNTS

JANUARY 25, 2018

s financial services market is expanding, with FinTechs — dubbed challenger banks — rivaling traditional financial institutions (FIs). The solution provides automated accounting and tax management for its entrepreneur clients. The accounting functionality will be rolled out throughout 2018,” the executive added.

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Marketing Taxes Google Fintech 109

Fintech Labs Insights

FEBRUARY 22, 2022

Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). Related: 281 Fintech Unicorns of the 21st Century (Feb 2022). crypto exchange, lender, accounting, blockchain infrastructure, and so on ).

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Fintech Bitcoin blockchain Lending 15

Gonzobanker

MAY 31, 2019

But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? billion, respectively, to small businesses in 2018, PayPal is now the largest online small business lender in the United States, with over $4 billion funded in 2018. Taking Stock.

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PYMNTS

DECEMBER 28, 2018

Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. The Big KYC Trend From 2018. See what Bergal had to say below.

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Compliance Regulation blockchain Taxes 186

PYMNTS

AUGUST 14, 2019

Kobo360’s biggest competitor is Lori Systems , who expanded into Nigeria in September of 2018. FinTechs looking at Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. The e-logistics and transport space is growing in Africa.

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PYMNTS

JULY 24, 2018

The movement of banks to join FinTech firms and stanch the disruption of their business models — decades and centuries old — has been well-documented. The shift also comes as sandboxes are proving to be effective avenues by which the companies and their FinTech partners are able to test those same APIs before live deployment.

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Fintech Strategy blockchain Taxes 105

PYMNTS

JUNE 14, 2019

In one example, as reported by Livemint.com, the ex-CEO of a publicly traded FinTech firm based in the United States has been indicted for accounting fraud that allegedly garnered several million dollars. The indictment handed down by the attorney says that the fraud took place over 2017 to 2018. The scheme took place over three years.

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Fintech Labs Insights

SEPTEMBER 1, 2020

Missed this fintech event from NYC-based entrepreneur network Entre in June (2020). The competition pitted six fintech companies against each other to win a bag of in-kind services (design, legal, etc). Synkbooks (aka Tax Labs Inc.). Related: The 18 Fintech Startups in the 2020 INC 500. Seed-Stage Startup.

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Fintech Delaware Taxes UX 15

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

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Millennials Lending System Data 145

CB Insights

DECEMBER 15, 2020

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Consolidation will continue, even between fintech startups. Total wealth management deals were up 31% from 2018, according to PwC. Source: Bloomberg.

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Management Fintech Industry Trends 87

PYMNTS

JULY 7, 2018

The store will open in Fall 2018. From concept to its launch in January of 2018, Amazon Go took five years to make it to market with its first location, found on the ground floor of the firm’s new headquarters. is growing, tax reform put a few more bucks in consumers’ pockets and wages are increasing.

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Samsung Payments Seattle Google 110

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Officials said non-interest income was down $684 million from the first quarter of 2018, to about $9 billion in the second quarter, citing lower mortgage banking fees and other income. per share, while earnings came in at 98 cents. Revenue fell to $21.6

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PYMNTS

MARCH 18, 2019

It’s been reported that TCH had 36 banks on board RTP at the end of 2018, and expects that number to reach 1,000 by the end of Q1 2019 – about two weeks from today. NACHA reported that in Q4 2018, SDA volume hit 51.3 Maybe that’s good news for the FinTechs, which would find other ways to monetize their services. In the U.S.,

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PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

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