PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

DECEMBER 27, 2019

billion) and mortgages find most credits unions on solid footing as 2020 begins. But change is in the air, and it’s the intoxicating scent of digital transformation. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. ” The Monetary Authority of Singapore determined last year that it would issue up to five virtual banking licenses to enhance competition and innovation. Winners will be announced in mid-2020.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

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). Ukrainian Bank Partners With Swedish FinTech.

National 161

National Fintech US United States 161

PYMNTS

JANUARY 13, 2021

I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”. Paytm offers a wide array of digital products throughout India, including a merchant payment platform, money transfers, and bill payments.

Digital Banking 156

Digital Banking Conference Lending Payments 156

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

OCTOBER 14, 2020

The year 2020 was going to be a wild ride for London’s financial services firms even without COVID-19. But the panelists agreed that, such challenges aside, London remains the world’s second-largest financial services market – and a place where every FinTech wants to be. “It Grose noted that Plaid entered the U.K. 1 is a better finish.

Fintech 258

Fintech Industry Innovation Charlotte 258

PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. The company said revenue for the unit had shot up more than 40 percent during 2020, while the number of users for its new wealth management service, AutoInvest, doubled during the month of December. The pricing, size and timing of the deal have yet to be determined.

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Fintech US Groups Management 198

PYMNTS

JUNE 3, 2020

Digital technologies that can be quickly developed and integrated into banks’ platforms, particularly those that enable faster payments, will therefore be critical. The following Deep Dive examines how digital banking preferences are evolving as well as the ways FIs and FinTechs are responding — and partnering — to stay competitive.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits. Ripple Announces Line Of Credit Offering.

Digital Banking 132

Digital Banking cryptocurrency America Meeting 132

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

Fintech 174

Fintech Regional Fraud Meeting 174

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). As previously reported, Saudi Arabia has trained sights on FinTech as well, specifically in Riyadh.

Fintech 167

Fintech Guidelines Mobile Training 167

PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions.

Fintech 133

Fintech Payments Digital Banking America 133

PYMNTS

OCTOBER 21, 2020

Guedes reaffirmed that the government's economic reform agenda was rebounding after expending 10% of gross domestic product (GDP) in 2020 fighting the pandemic. We digitized 64 million people. Brazil's open banking framework has been progressing slowly, partly due to lack of standardization.

Digital Banking 150

Digital Banking America Policies Fintech 150

Chris Skinner

DECEMBER 8, 2019

Tesco thought that most banks were “a bunch of clowns”, but never cracked the market and still have not. Sainsbury may have onboarded … The post How is 2020’s banking different to 1990’s banking? However, that siege never happened. appeared first on Chris Skinner's blog.

Marketing 251

Marketing Digital Banking Fintech 251

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

PYMNTS

JANUARY 19, 2021

Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan.

Digital Strategies 152

Digital Strategies Strategy Cards Conference 152

PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020.

Fintech 254

Fintech Mobile Examples Policies 254

PYMNTS

NOVEMBER 20, 2020

Wearables have also expanded their features to include digital payments. 11 , digital banking and payment processing firm i2c announced it was partnering with Purewrist , a FinTech working in end-to-end contactless payment solutions and wearables, according to a press release.

Samsung 150

Samsung Apple Google Analytics 150

BankInovation

SEPTEMBER 8, 2020

CB Insights last week unveiled its Fintech 250 list, which compiles what it deems the 250 best private fintech companies of 2020. “The From capital markets to insurance and digital banking to […].

Fintech 64

Fintech Capital Digital Banking Industry 64

PYMNTS

FEBRUARY 26, 2020

The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. million as the company continues the journey to becoming a fully-licensed bank. . “We banking license. In 2018 , the company raised £3.2

Fintech 130

Fintech Digital Banking Lending Meeting 130

PYMNTS

JANUARY 15, 2020

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market.

Fintech 169

Fintech America Payments Capital 169

Banking Exchange

MARCH 18, 2020

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round The Economy Technology Retail Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management Customers.

America 97

America Digital Banking Trends Fintech 97

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. Latency Advantages.

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

JANUARY 28, 2020

If it’s the latter — or some combination of the latter — that means working with FinTechs or other financial services players that are not traditional FIs. Owens noted that Elan aims to improve the customer experience by providing mobile functionality, geolocation, AI-based fraud protection and all forms of digital payments.

Fintech 169

Fintech Digital Strategies Mobile Resources 169

PYMNTS

JANUARY 31, 2020

The Australian Competition and Consumer Commission (ACCC) has delayed the implementation of financial regulations that would change the way banks and businesses can interact and use personal information, among other effects. The regulation is now slated to roll out in July 2020, rather than the February 2020 deadline previously proposed.

Digital Banking 136

Digital Banking Guidelines Regulation Data 136

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. TechCrunch, April 2020.

Fintech 109

Fintech FDIC Capital Community Bank 109

CB Insights

AUGUST 3, 2021

Mercury , a fintech company, has raised $120M in a Series B. California-based Mercury is an online banking platform that offers a suite of financial services such as FDIC-insured bank accounts, physical and virtual cards, and cash management for startups, e-commerce stores, and angel investors, among others. Want the full post?

Digital Banking 73

Digital Banking Company FDIC California 73

Current

DECEMBER 31, 2020

Well 2020 was certainly not the year anyone was expecting but for all the tribulations - not to mention being in the epicenter of a pandemic - above all, we’re extremely proud that we were able to deliver on our promises to get our members faster and better access to their money, especially at a time many needed it most.

New York 71

New York ATM Community Tools 71

CB Insights

JUNE 17, 2021

The adoption of fintech apps has skyrocketed throughout the Covid-19 pandemic, spurring further growth and investor interest in this category. Fintech had one of the most successful quarters in history in Q1’21 , with record deals, funding, exits, and mega-rounds. . Big tech investment in fintech companies reached $2.2B

Google 100

Google Apple Fintech Report 100

Payments Source

DECEMBER 30, 2019

Jason Gardner, founder and CEO of Marqeta, has built three fintech companies and learned along the way what works in building a fintech startup. He also has a stark warning for traditional institutions.

Fintech 62

Fintech Company Digital Banking Cards 62

PYMNTS

NOVEMBER 27, 2019

That can hold especially true in wealthy countries, such as the United Arab Emirates (UAE), as discussed in a new PYMNTS interview with Evans Munyuki, chief digital officer of Emirates NBD , a UAE banking group. However, that’s changing. SMBs] are the backbone of many economies,” he said. New Venture.

Fintech 167

Fintech Regional Regulation ATM 167

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. The future for digital banking. Source: PwC.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. economy had moderate gains in the pandemic year of 2020.

Cards 152

Cards California Capital Tools 152

PYMNTS

JANUARY 14, 2021

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. Grab Financial Group had a productive 2020 in which it managed to increase total revenue by 40 percent. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

Groups 204

Groups Regional Fintech Management 204

PYMNTS

NOVEMBER 1, 2020

The bank will expand to over 100 by next year, according to the report. FinTech Cashaa in collaboration with India’s United Multistate Credit Cooperative Society. Crypto exchanges are reporting seeing traffic increases from five to 10 percent in India, while local crypto exchanges have seen a tenfold increase in registrations in 2020.

Bitcoin 212

Bitcoin cryptocurrency Fintech US 212

Payments Source

OCTOBER 22, 2020

Banks, lenders, and fintechs have been on a path toward digitizing the mortgage process from end-to-end — long before the term coronavirus entered our daily lexicon. How has the pandemic affected progress?

Fintech 86

Fintech Digital Banking Lending 86