Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

FEBRUARY 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. Thus far in 2019, data from Innovate Finance , the U.K.

Fintech 187

Fintech Lending Capital Regional 187

PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post. Trade volumes between the regions were worth more than $320 billion in 2018. .

Fintech 176

Fintech Capital Regional Digital Banking 176

PYMNTS

AUGUST 2, 2019

With the subscription market set to reach more than $500 billion by 2023 , consumers now purchase things like music streaming, software and groceries through subscription services. But just because a merchant is successful in its home market, doesn’t mean they are also guaranteed success abroad. How Do Consumers Want to Pay?

Regional 108

Regional Payments Cards America 108

CB Insights

FEBRUARY 20, 2020

In 6 years, Latin America (LatAm) fintech funding has grown from less than $50M to top $2.1B Social, political, and environmental pressures have made the LatAm market highly volatile. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B.

America 96

America Marketing Fintech Regional 96

CB Insights

FEBRUARY 20, 2019

Last year was a banner year for fintech, with over 1,700 deals worth nearly $40B. From record levels of funding to increasing consumer tech adoption, fintech is seeing dramatic growth across the globe. GET THE 106-PAGE FINTECH TRENDS REPORT. VC-backed fintech investing in South America hit a record 55 deals last year.

Trends 57

Trends Fintech America Regional 57

PYMNTS

JUNE 3, 2020

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. In Q1, its mobile wallet delivered $1.3 percent in YOY growth.

America 248

America Regional Fraud Mobile 248

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. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

AUGUST 15, 2019

Remittance payments might be on the rise in this region, but common pain points with cross-border money transfers have persisted, including a lack of transparency. The World Bank also noted that it is expensive to send money across borders, with the average fee for transferring $200 at 7 percent in Q1 2019.

Fintech 122

Fintech Innovation social media Regional 122

PYMNTS

FEBRUARY 18, 2020

Credify, which was founded in 2019, said it plans to use the money to expand further into Southeast Asia , to continue with product development and to push forward with live client engagements. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. An average of 1.6

Regional 171

Regional Lending Fraud Maine 171

CB Insights

OCTOBER 24, 2019

The internet economy in Southeast Asia hit $100B in 2019, on the back of strong growth in e-commerce, ride-hailing, online travel, and media, according to Google and Temasek. The largest internet economy in the region is Indonesia, which has more than quadrupled in size since 2015 to reach $40B. Want the full post?

Fintech 28

Fintech Marketing Regional Google 28

PYMNTS

SEPTEMBER 28, 2020

One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA). The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. Around The Data Protection World.

Online 151

Online Report Payments Regulation 151

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. Clearly there's regional saturation, which leads to consolidation.”. These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”.

Innovation 306

Innovation Fintech Payments Regulation 306

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 195

Fintech Community Regional Technology 195

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

South State Correspondent

MAY 9, 2022

The Fed is data-dependent but has reinforced the market’s view of front-end loading interest rates at 50bps per meeting. The following external factors would dampen the industry’s beta: Ample liquidity – Banks are flush with liquidity and can lag the market with deposit rate increases. from 2019 to 2021.

Community Bank 195

Community Bank Community Industry Online 195

PYMNTS

JUNE 8, 2020

Founded in 2005, the FinTech AffiniPay now processes over $6 billion annually on behalf of 150,000 professionals, according to a news release announcing the appointment. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

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Industry Payments Austin Boston 130

PYMNTS

MAY 3, 2019

That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.

Payments 209

Payments Innovation Fintech Cards 209

PYMNTS

APRIL 30, 2018

The company noted that cross-border transactions involving China within the eCommerce market were valued at $1 trillion. Additionally, Circle International said Lakala is one of China’s top three companies in the offline settlement market. It’s about creating a complete payment ecosystem for consumers and merchants to leverage on.

Payments 116

Payments Regional Mobile Cards 116

CB Insights

AUGUST 26, 2021

In 2019, the firm launched a $5B Latin American Fund, as well as a second Vision Fund, which has since grown in size to roughly $30B. It’s on track to reach 197 deals by year-end — nearly 3x its previous record in 2019. SoftBank has backed Gympass , which provides access to in-person gyms, across multiple rounds since 2019. .

Regional 94

Regional Fintech Analysis Company 94

PYMNTS

AUGUST 12, 2019

While Credibly’s commentary suggests demand is up for alternative lenders and FinTechs, separate data from the Biz2Credit Small Business Lending Index revealed traditional banks are also seeing an increase in approved small business loan volume. Despite its successes in that market, its U.K. and the U.K. and the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

APRIL 30, 2020

Implementing any new standards during the pandemic was off the table for many markets, though some regulators were left scrambling to figure out how the rules they already passed would adapt to life in lockdown. regulators approved this technology for SCA use in late 2019. Around The Data Protection World.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

AUGUST 26, 2019

In May, a joint effort involving the Universal Air Travel Plan (UATP) and Sweden-based FinTech firm Trustly are developing a solution so airlines can accept instant online bank payments for consumers’ ticket purchases. Delta Air Lines said it is also planning to test customer service over text. .

Regional 138

Regional America Payments Cards 138

PYMNTS

DECEMBER 11, 2019

Moka was in talks with Gojek in the early part of 2019, before Gojek Co-Founder and Chief Executive Officer Nadiem Makarim stepped down in October to join the Indonesian president’s cabinet. million active monthly users in the rest of the region. Andre Soelistyo and Kevin Aluwi are now working as co-CEOs. The company said it has 7.1

Mobile 130

Mobile Regional Analytics Google 130

PYMNTS

OCTOBER 24, 2018

24) a partnership to issue prepaid cards tailored to the Southeast Asian market. In a press release, the companies said that the Southeast Asian region, which is home to more than 640 million people, has stayed largely cash-based. This partnership goes beyond Grab issuing prepaid cards, and is a game-changer for Southeast Asia.

Cards 126

Cards Regional Mobile Payments 126

PYMNTS

NOVEMBER 15, 2018

In a press release, Grab said the launch of the remittance offering marks a “significant milestone” toward the company’s vision for on ASEAN eWallet that will improve financial inclusion for the growing middle class and micro-entrepreneurs in the region. Grab made the announcement during the 33rd ASEAN Summit.

Regional 139

Regional User Experience Operations Security 139

PYMNTS

JULY 22, 2020

FinTech apps, for example, saw a 72 percent increase in usage in the first quarter of 2020 alone. billion in revenue in 2019, for example, and this growth is only expected to continue heading into the future. Experts predict that the market will reach $10.87 The global digital banking platform industry generated $3.95

ATM 225

ATM Digital Banking Alabama Study 225

Insights on Business

FEBRUARY 3, 2019

Its processes were slow and lacked automation, which was impacting customer experience and the bank’s ability to win new business in this highly competitive market. Simultaneously, using IBM marketing solutions, the bank transformed its front-office operations to deliver seamless omni-channel customer experience. IBMFintech Twitter.

Customer Experience 157

Customer Experience social media Case Study Video 157

PYMNTS

JUNE 8, 2020

There appears to be strong demand for such services, too, with the global open banking market projected to increase in value at a compound annual growth rate (CAGR) of 24.4 percent between 2019 and 2026, hitting $43.2 A European FinTech reported recently that customers used its apps 72 percent more in just one week.

Security 151

Security Fintech Data Comparison 151

Accenture

JUNE 20, 2019

Payments executives surveyed in our 2019 Global Payments Survey cite customer experience as a top driver of customer disintermediation. Consider this: CFOs of a regional health system and a global retailer use the same tool, even though their cash management needs could not be more different. 1 Accenture 2019 Global Payments Survey.

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Survey Customer Experience Payments Management 150

PYMNTS

OCTOBER 8, 2018

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The one million euros will be spent through 2019, according to reports.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JANUARY 3, 2020

The move was widely considered the biggest shake-up in Singapore’s financial services market in two decades, during which time the landscape has been mostly controlled by the nation’s large traditional banks: DBS Group Holdings Ltd., There are some 630 million residents in that region. Oversea-Chinese Banking Corp. Grab + Singtel .

Digital Banking 130

Digital Banking Groups Regional Mobile 130

Gonzobanker

JANUARY 17, 2020

2019 was a sneak peak of many larger mid-size deals (TCF/Chemical, First Horizon/Iberia). New regional banks will struggle with operational maturity and customer experience. We are in the infant stages of integrating digital marketing and online origination. Banks are high on the “opiate” of zero credit costs … be careful.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

PYMNTS

DECEMBER 11, 2019

And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment. percent between 2019 and 2020, reaching $51 billion. But that might be changing, as today (Dec.

Mobile 143

Mobile Cards Payments Regional 143

PYMNTS

JANUARY 3, 2020

JPMorgan Ups Security By Blocking FinTechs From Passwords. The downside of data sharing has come full circle as JPMorgan Chase aims for enhanced protection by stopping FinTech apps from accessing the passwords of clients. 52 Monday Conversations About Payments In 2019. Who Won 2019’s Race For The Consumer’s Whole Paycheck.

Payments 108

Payments Samsung America Trends 108

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. Chris Brasher, Head of Banking Ops at Regions Bank talked about using Watson not just to drive more self-service but also to help bank staff assist customers better and quicker. Innovation.

blockchain 40

blockchain Conference Security Innovation 40