Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. billion in Q4 2022, down 79% from Q4 2021. Among community banks investing in fintech startups, the average investment was nearly $3 million per bank in 2022.

Community Bank 99

Community Bank Community Fintech Leadership 99

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

Fintech 167

Fintech Customer Experience Conference Technology 167

PYMNTS

JULY 3, 2020

million in VC funding for the sector, B2B FinTechs may be showing signs of a mid-year lull. PYMNTS breaks down the companies that did manage to secure funding, below. Two former executives from payments technology conglomerate Square have formed a new B2B FinTech in Australia called Zeller. With a combined $43.3

Capital 161

Capital Fintech Security Operations 161

PYMNTS

JANUARY 14, 2020

Visa, management said on the call, will capitalize on what was termed a FinTech-driven evolution that is currently shaping financial services, as well as growing Visa’s core payments business. That activity comes against a larger backdrop where FinTech is gaining ground. The company also operates in Canada and the U.K.,

Fintech 157

Fintech Data Payments Capital 157

CB Insights

NOVEMBER 10, 2021

Chile-based Fintual is an online financial consulting company that manages savings and offers investment options through its digital platform. The company currently manages $665M in assets for over 70k clients. Fintual acquired fund distributor Invermerica in July 2021, which contributed to its 45% AUM growth over the past month.

Management 60

Management Fintech Capital Operations 60

PYMNTS

DECEMBER 23, 2020

The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. 2021 And Beyond. We’ve all heard the horror stories.

Fintech 322

Fintech Cards FDIC Lending 322

PYMNTS

DECEMBER 17, 2020

The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021. Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. Kakao Pay , the FinTech arm of Kakao Corp.

Samsung 243

Samsung Digital Banking Security Fintech 243

Gonzobanker

FEBRUARY 23, 2022

However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business. Now is the time to create a BaaS strategy.

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. Banks, of course, cannot ignore the FinTech threat. North American banks are among the most optimistic, EY found. Cybersecurity.

Regulation 156

Regulation Innovation Fintech Marketing 156

Perficient

FEBRUARY 2, 2023

All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart. Therefore, in 2023, it is essential for businesses that use subscription commerce to offer a lot of variety and flexibility with their plan management to ensure they don’t ostracize customers. billion of economic output.

Industry 471

Industry Trends social media Payments 471

PYMNTS

DECEMBER 15, 2020

Anthony Hynes , eNett International’s former managing director and chief executive, will serve as the travel division’s president. WEX foresees that the effect of the purchase on adjusted net income will be immaterial up to calendar year 2021, though it notes that "visibility remains limited due to COVID-19.". WEX lost $57.7

Payments 254

Payments Leadership National Fintech 254

South State Correspondent

MARCH 21, 2023

In March of 2021, The American Rescue Plan Act was passed, which made more businesses eligible, pushed back when companies had to claim the credit to the end of that year and allowed businesses to deduct 70% of up to $10,000 in qualified wages per employee per quarter. In 2020, the U.S. The ERC filing deadline is October 2024.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

NOVEMBER 15, 2019

Documents seen by the FT show Tiger Global Management is nearing the closure of $11 billion in hedge funds (with plans to raise about $3.75 More of the prime growth happens in the private years,” said Michael Larsen, managing director of Cambridge Associates, in an interview with the FT. The funding propels Freshworks’ valuation to $3.5

Fintech 101

Fintech Capital Software Management 101

PYMNTS

DECEMBER 30, 2020

“The B2B buyer is rapidly evolving and becoming more sophisticated, and, in turn, expectations are shifting [toward purchasing] with their payments of choice,” Anjali Shah , director of client management for online merchants at American Express, told PYMNTS in the February 2020 B2B eCommerce report , a collaboration with American Express.

Online 302

Online Meeting Payments Fintech 302

Abrigo

FEBRUARY 23, 2022

Another option is to make small business lending more efficient and borrower-friendly so that the financial institution can win, process, and manage more loans without big increases in staffing or other expenses. Jump-Start Digital Transformation with Change Management. Credit Risk Management. Knowing Your Customer. Learn More.

How To 195

How To Lending Software Survey 195

PYMNTS

NOVEMBER 4, 2020

The San Francisco-based loan marketplace operator also said it’s well-positioned to navigate the current environment and complete the acquisition next year of Radius Bancorp , which LendingClub management called its “top strategic priority.”. However, Sanborn also acknowledged that there are still areas of concern given that U.S.

San Francisco 278

San Francisco Management Company Fintech 278

PYMNTS

JANUARY 7, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. When organizations are managing multiple ERPs, bank accounts, and platforms all across various global markets, data integration is vital to obtain a holistic view of the payments workflow.

Payments 243

Payments System Data Management 243

PYMNTS

OCTOBER 1, 2020

Beyond the particulars of check disbursements or ACHs (and the detailed instructions that accompany any payment between buyer and supplier), Disque said automating payments into enterprise resource planning (ERP) or cash management functions (thus eliminating manual touchpoints) are especially beneficial in a remote working environment.

Capital 193

Capital Payments Cards Groups 193

FICO

DECEMBER 23, 2020

The global pandemic has driven a dramatic change in consumer behavior, not least an exponential rise in the use of digital and mobile channels for banking and financial services, increased competition from fintechs, and the rise of open banking. Here is how we predict banks will endeavor to enhance their financial crimes controls in 2021: 1.

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. The financial terms of the agreement were not disclosed.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

JANUARY 11, 2021

Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

Payments 198

Payments Strategy Fintech Tools 198

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report. million new mobile users.

National 160

National Policies Mobile Payments 160

PYMNTS

MARCH 11, 2020

With the new API, Carefree has plans to aid more than 1,000 businesses to automate loan disbursals by 2021. The company said it’s currently working with lenders, loan management software and banks on its credit disbursal approach. The company’s solutions are used by many businesses, including Northern Arc, Early Salary and PC Finance.

Lending 130

Lending User Experience Capital Innovation 130

PYMNTS

DECEMBER 28, 2020

Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. But as B2B FinTech continues to evolve, new payment workflows will surface to address these issues.

Payments 203

Payments Fintech Innovation Cards 203

PYMNTS

DECEMBER 10, 2020

Morgan ’s managing director and EMEA head of payments and solutions, said in a recent interview with Karen Webster. Prior to COVID-19 , she said the treasury had focused on lean operations, with little time allowed for deep dives to investigate other things. And that’s a good thing, Sara Castelhano, J.P. Build It, Buy It Or Partner? “At

Payments 259

Payments Tools Operations Innovation 259

PYMNTS

JUNE 26, 2017

In an effort to meet the changing demands of a growing consumer base, several FinTech players are offering new payment services to address the payment needs of all types of merchants. laundromats, manage loyalty cards and help consumers locate a free washer or dryer unit close to them using a mobile app.

Report 150

Report Payments Meeting Tools 150

CB Insights

JANUARY 20, 2022

The round drew participation from GGV Capital, American Express Ventures, Coatue Management, and Franklin Templeton, among others. New York-based Pinwheel helps fintech companies and financial institutions manage direct deposits, verify income and employment information, and streamline other payroll processes.

New York 51

New York Lending Fintech US 51

Lex Sokolin

FEBRUARY 18, 2021

We are barely into 2021, and 144 SPACs have already IPOed this year, compared to 248 of last year. The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. billion in 2021 Q1. Tick-tock, it’s SPAC o’clock.

Capital 52

Capital Fintech US Lending 52

Lex Sokolin

FEBRUARY 18, 2021

We are barely into 2021, and 144 SPACs have already IPOed this year, compared to 248 of last year. The average size is about $300 million, and quite a few are focusing on Fintech and financial services. Let’s narrow down the story to Fintech, using data from Spactrack. billion in 2021 Q1. Tick-tock, it’s SPAC o’clock.

Capital 52

Capital Fintech US Lending 52

CB Insights

FEBRUARY 22, 2022

Singapore-based Funding Societies uses an AI-based credit assessment model to provide loans, credit cards, and expense management and B2B payment services to SMEs. The fintech company’s annualized disbursement came in at $1B in 2021. Funding Societies provides online loans that range anywhere from $500 to $1.5M.

Groups 65

Groups Fintech Cards Operations 65

CB Insights

AUGUST 26, 2021

It’s starting to see big payoffs from some of its bets, such as South Korea-based e-commerce giant Coupang , which went public in March 2021 at a $56.6B So far in 2021, SoftBank is investing in a record number of deals. So far in 2021, SoftBank is investing in a record number of deals. First name. Company name. Phone number.

Regional 94

Regional Fintech Analysis Company 94

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Nudging Evolution.

Innovation 318

Innovation Data Examples Community Bank 318

Gonzobanker

MAY 5, 2022

billion or about 9 times 2021 revenue. According to Daryl Jones , senior director and Lending and Operations practice leader at Cornerstone Advisors: “Black Knight’s mortgage servicing platform has been the system of choice for large mortgage lenders for years and will likely remain untouched.

Lending 147

Lending System Marketing New York 147

Jeff For Banks

APRIL 27, 2023

Prior to fintech becoming a buzzword, bankers have been solving problems. Problems regarding regulation, risk, operations, and customer needs. Fintech is not something new, as I frequently cite when telling people I produced microfiche in the basement of my first bank. Do fintechers stock the checkout aisle of the supermarket?

Financial Technology 78

Financial Technology Strategy Fintech New York 78

PYMNTS

OCTOBER 16, 2020

That’s why Mastercard and Stride , which operates a portable-benefits platform for gig workers, are joining forces to make it easier for independent contractors to shop for, select, enroll in and pay for healthcare coverage. With gig-economy participation rising and U.S.

America 291

America Innovation Customer Experience Industry 291

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. will continue to work with fintechs, says president and CEO Steve Dehnert.

Community Bank 144

Community Bank Community Lending Louisiana 144