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.

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PYMNTS

JULY 1, 2020

have established an $800 million fund to boost trade finance in emerging markets. Across the globe, the COVID-19 pandemic is disrupting supply chains, decreasing demand, and causing overall market anxiety,” said Paulo de Bolle , global director of IFC’s Financial Institutions Group, in a statement. The International Finance Corp. (

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PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. billion during 2020’s first nine months. Markets initially responded accordingly, with shares pricing at $24 — the very top of the stock’s $22 to $24 expected range. percent to close at $22.05.

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PYMNTS

SEPTEMBER 2, 2020

If approved by the Canadian Securities Administrators (CSA), the country’s equivalent of the U.S. Securities and Exchange Commission, the stock would be listed on the Toronto Stock Exchange under the “NVEI” ticker. and RBC Capital Markets.

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Payments Fintech Security Technology 229

PYMNTS

NOVEMBER 1, 2020

The Indian cryptocurrency market is continuing to grow exponentially as crypto-centric bank UNICAS prepares to open with 34 branches, Cointelegraph writes. FinTech Cashaa in collaboration with India’s United Multistate Credit Cooperative Society. “Well, what I have heard.a UNICAS is a project of U.K.

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PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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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

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. JPMorgan Ups Security By Blocking FinTechs From Passwords. Ant, Razer Join Rally For Singapore eBank Licenses.

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Fintech Payments Digital Banking America 133

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. 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. Digital Risks.

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PYMNTS

NOVEMBER 20, 2019

Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transactions. customers mid-2020. Collaboration is key to many of these efforts, with big banks working with Boost Payment Solutions, Coupa, Mesh and OPEN.

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Cards Innovation Fintech Payments 155

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card. billion of economic output.

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Industry Trends social media Payments 471

PYMNTS

JANUARY 3, 2020

We have a deep dive into faster payments for education, seven 2020 trendlines when it comes to the connected economy and news on Samsung’s Neon “ artificial human. ”. Welcome To The Connected Economy (The Seven 2020 Trendlines). 7 at CES 2020 that is completely different than its Bixby artificial intelligence (AI) assistant.

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Payments Samsung America Trends 108

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. Richard Holmes, previously CEO at Standard Chartered European, joined the Revolut team in October 2020 as a board advisor. billion valuation.

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cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G Security Holes? As well, the 21-page report found that 5G “security goals are underspecified,” among other problems. Government Role?

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Security Mobile Technology Cyber Security 143

PYMNTS

NOVEMBER 4, 2020

The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. Officials in Beijing were concerned about explosive investor interest in the planned $37 billion IPO by the world’s largest FinTech and how it might impact the public markets, according to the news outlet.

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PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. The B2B eCommerce space saw some of the biggest investments of the year for B2B FinTechs, a testament to investors' confidence in the evolution of the market. The Rise of the Marketplace. billion. "One

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PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. That’s true even in developed markets like the U.S.,

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Payments Innovation Cards Google 180

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. Making sure customers can access banking services with ease is crucial — but so is keeping those services secure.

Digital Banking 262

Digital Banking Security Innovation Google 262

CFPB Monitor

JULY 27, 2020

The announcement was made concurrently with the Bureau’s release of a report summarizing its February 2020 symposium on this topic. The CFPB has announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.

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Report Data Security Marketing 78

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. But the defendants allegedly ceased paying out investors in November 2019 while still raising funds well into 2020.

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blockchain Analytics Utah cryptocurrency 131

PYMNTS

SEPTEMBER 23, 2020

Trading FinTech Robinhood Markets Inc. In August, Robinhood Markets unveiled a $200 million Series G fundraising, bringing its valuation to $11.2 For seven years, the team at Robinhood has been focused on enabling more access to the markets for more people,” the company said in a statement at the time.

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Arizona Customer Experience Texas Millennials 178

PYMNTS

JUNE 25, 2020

LLC, BofA Securities, J.P. The field of initial public offerings for 2020 has been upended by the coronavirus pandemic, which saw big names like Airbnb delaying their offerings as the world economy spiraled into uncertainty. Analytics firm Dun & Bradstreet has launched an initial public offering (IPO), with Goldman Sachs & Co.

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PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

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PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be.

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Compliance Regulation Payments Study 198

PYMNTS

JULY 16, 2020

“Sustained business success is dependent on business readiness to adapt to the changes in the market conditions, including the evolving needs of customers.”. The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Amir Wain, founder and CEO of i2c.

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Industry Payments Trends Compliance 239

PYMNTS

NOVEMBER 16, 2020

The independent investigation will look into the other incidents affecting TARGET Services in 2020, including anything that directly or indirectly affected TARGET2 Securities, which is operated by the Eurosystem. An initial probe determined that a software defect in a specific device was what caused the incident, the release stated.

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PYMNTS

JANUARY 17, 2020

More than two-thirds of executives surveyed for the January 2020 Making Real-Time Payments a Reality : Rising Demand for Real-Time Payments report from PYMNTS and Mastercard say they’re “very” to “extremely” aware of RTP, and over 85 percent report that they are now implementing RTP, or plan to, over the next three years.

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Payments Fintech Survey System 154

PYMNTS

JANUARY 17, 2020

The subscription eCommerce market is a favorite among consumers and businesses, growing more than 100 percent annually for the past five years. Preventing fraud with seamless and secure onboarding solutions is key. Others are rolling out blockchain technologies to provide users with even greater personal data security.

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Security Fraud blockchain Cards 130

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. Our call for submissions is now open for the third annual CB Insights Fintech 250 list.

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PYMNTS

SEPTEMBER 27, 2020

Lightyear intends to work toward acquiring software and payments companies, which the release calls “a highly fragmented market” that has a large number of smaller providers. According to the press release, the addressable market for payments solutions is around $1.4 billion for the legal vertical alone.

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South State Correspondent

MARCH 21, 2023

Background of ERC ERC exists to assist businesses that were put under severe financial strain due to the government-mandated lockdowns from the 2020 COVID-19 pandemic. In 2020, the U.S. Our group of CPAs and processors have a proven practice and have been through due diligence for information/data security.

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Taxes Community Bank Community Operations 195

Gonzobanker

JUNE 7, 2023

Two things pop: Charlie lets customers receive their Social Security checks up to four weeks early without paying fees or interest, and the startup – which partners with Sutton Bank – offers phone support. Yes, Chime offers advancements on Social Security payments, but make no mistake: The popular neobank’s target audience is young adults.

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Los Angeles Fintech Digital Banking Tools 133

Jeff For Banks

DECEMBER 29, 2020

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. that invests in businesses that align with the company's focus on fintech; Government Loan Solutions, Inc.,

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North Carolina Capital Community Bank Wisconsin 147

PYMNTS

OCTOBER 15, 2020

FIs of all sizes are developing new systems to supplant or replace correspondent banking models, with many partnering with FinTechs to do so. One study projects that cross-border B2B payments will top out at $27 trillion by the end of 2020, and that their value will not exceed the $35 trillion reached in 2019 until 2022.

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Payments Report Study Security 228

PYMNTS

FEBRUARY 18, 2020

The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

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PYMNTS

JANUARY 15, 2021

In its Securities and Exchange Commission filing , Poshmark said the platform encourages users to tap inspiration from the like-minded people in the digital community “to discover, connect, and curate their network and news feed.” . FinTech installment lender Affirm more than doubled its valuation when it went public earlier this week.

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United States Community Marketing Fintech 151

PYMNTS

JUNE 11, 2018

Corporate treasurers at the Money 20/20 conference recently voiced concerns over a lack of competition in the payment card market, urging competition authorities to look at how key players dominate the space. Reports in Euromoney on Friday (June 8) said corporate treasurers attending the Money/2020 conference, most of them U.S.-based,

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