Fintech Labs Insights

FEBRUARY 9, 2024

This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. We’ve been obsessed with new fintech products since before the term was invented.

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Trends Fintech Apple Cards 15

BankInovation

DECEMBER 14, 2023

Stephanie Schultz, vice president and head of partnerships at Amex Digital Labs at American Express, is focused on building out digital client experiences as part of her innovation and product development strategy heading into 2024. Its expenses for the quarter increased […]

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Strategy Innovation Cards Technology 64

Fintech Labs Insights

MARCH 6, 2024

Take a close look now at our curated list of top fintech, banktech, payment tech and investech global conferences for 2024. Note: See below for specialized financial technology calendars including insuretech , general banking events and more.) Some events pay referral or listing fees, which could impact positioning.

Conference 15

Conference Fintech San Francisco Lending 15

Perficient

FEBRUARY 2, 2023

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471

Industry Trends social media Payments 471

PYMNTS

FEBRUARY 10, 2020

Approximately 800 million facial recognition-equipped mobile devices are expected to be in circulation by 2024, in fact, with an additional 4.6 Biometrics are growing increasingly popular among credit card users. Biometric verification is being installed in payment cards as well. Developments From Around The World Of Digital ID.

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social media Colorado Louisiana Security 236

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. Around The World Of Smarter Payments.

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Mobile Payments Cards Retail 220

PYMNTS

NOVEMBER 17, 2020

Carta's modern issuing platform propels several FinTech companies, including powering over 100 card programs and providing processing tech to companies like TransferWise , Sodexo and Payfare , the release stated. billion by 2024.

Payments 150

Payments Fintech Resources Mobile 150

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Technology brings the concept of flexible payments into reality. Flexibility Is Key. PaaS could be worth as much as $16.7

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

APRIL 10, 2019

certification: They must, for instance, resolve issues when a payment reader’s too-powerful field strength results in damaged smartphones and cards. From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers.

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Retail Payments Mobile Apple 259

PYMNTS

DECEMBER 1, 2017

Mastercard is planning to hire 470 people as the company expands its technology hub in New York City. Mastercard, the world’s second-largest payments network — which already has 250 research, development and technology employees in New York — plans to add the new jobs by 2024. The others are located in St.

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PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

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Fraud Strategy Security Cards 273

PYMNTS

OCTOBER 20, 2020

Colombia-based RobinFood — Latin America’s fastest-growing chain of “cloud” restaurants — credits proprietary technology, the explosive growth of FinTechs and pandemic-led lifestyle changes as the secrets of its success. We are a tech company that sells food,” Vega said. Try It, You’ll Like It.

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PYMNTS

NOVEMBER 19, 2020

And 88 percent said they’d had a “consistently positive user experience” with NFC contactless technologies. As reported by India Retailing last month, “mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India.” Mobile wallet transaction value could exceed $1 trillion by 2024.

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Google Mobile Apple Survey 254

PYMNTS

MARCH 9, 2020

In today’s top payment news, Amazon begins selling its “Just Walk Out” technology to other merchants, plummeting oil markets cause a ripple effect in cryptocurrency, and 5G is predicted to add $2.2 Amazon Sells ‘Just Walk Out’ Technology To Merchants. 5G telecommunications technology will contribute $2.2 To Global Economy.

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cryptocurrency Payments Bitcoin Technology 138

PYMNTS

OCTOBER 6, 2020

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. To be fair, it’s not as if banks have been ignoring the technological shift.

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Digital Banking ATM Mobile Atlanta 256

PYMNTS

MARCH 25, 2019

From Rent the Runway to McDonald’s , retailers are tapping into a world of technology that lets customers make transactions without visiting a cashier. These are just some of the ways that merchants are using digital innovations to better serve their customers with the help of kiosk and unattended retail technology: .

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PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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San Francisco Boston Policies Massachusetts 283

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. With each step forward in the technology arena, the payment process becomes more complex and businesses are working to ensure security.

Retail 120

Retail Marketing United States Fraud 120

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. Technology brings the concept of flexible payments into reality. Flexibility is Key. PaaS could be worth as much as $16.7

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. We love shrinking down, and bringing the design and technology a whole new flavor.

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PYMNTS

OCTOBER 4, 2019

billion by 2024. Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. Hitachi first demonstrated the technology in London in September, and plans to officially launch the product in Europe next year.

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Online Ohio Knowledge Base Regional 144

PYMNTS

AUGUST 14, 2019

In fact, cross-border payments are expected to reach $240 billion in value by 2024. The platform, which relies on InstaReM’s existing global digital ecosystem that supports payments and remittances, enables companies to more easily issue branded cards without having to obtain multiple licenses. Meanwhile, in the U.K.,

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Fintech Payments Cards Regional 168

Fintech Labs Insights

MARCH 15, 2024

But there is another event debuting this year that I completely get, Fin + AI 2024 It could easily become a fixture on the fintech conference circuit. Finally, it’s only fitting that I gave OpenAI’s ChatGPT a chance to convince you to attend an AI event in 2024.

Conference 15

Conference Las Vegas Fintech Case Study 15

PYMNTS

AUGUST 6, 2020

are made with cash , for example, and 63 percent of consumers have at least two credit cards. billion by 2024, indicating the corporate world’s record-high demand for instant payments. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before.

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Regulation Payments Innovation Fintech 245

PYMNTS

JUNE 28, 2018

In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal network in Georgia. “Blockchain technology is bound to register substantial growth over the coming years. Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels.

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blockchain Georgia Fintech Innovation 109

PYMNTS

AUGUST 16, 2019

I’m from the government and I’m here to make sure you get your paychecks faster – even instantly – if you can just hang in there until about 2024.” Now, the company is offering an option to transfer money to the bank without a debit card for the same fee. Why FedNow Will Slow Real-Time Payments.

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Las Vegas Payments Conference Video 109

PYMNTS

OCTOBER 11, 2019

The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. The technology, similar to that of Amazon Go stores, uses computer vision and artificial intelligence (AI) to identify what customers take from the shelves. Less so for cashiers.

Retail 117

Retail Study Minnesota Video 117

Gonzobanker

FEBRUARY 1, 2023

Many speakers talked about the huge opportunity to integrate fintech and breakthrough technologies like blockchain and AI into the established banking industry. As disruptive innovation “comes home to banking,” the team at Cornerstone Advisors predicts that the ability of technology to drive tangible business outcomes for banks may skyrocket.

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Arizona Kansas City Industry Phoenix 147

Jeff For Banks

APRIL 4, 2024

In 2019, the major credit card companies charged over $14 billion each year in late fees with an average charge of around $35. Technology Advancement and Generative Artificial Intelligence In the third quarter of 2023, the total operating expense to operate a branch was 47% direct cost: branch salaries and benefits, lease expense, etc.

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

Fintech Labs Insights

MARCH 14, 2024

Some events pay referral or listing fees, which could impact positioning.

Conference 15

Conference Fintech Marketing Las Vegas 15

PYMNTS

APRIL 30, 2020

Buyers used local payment methods for 77 percent of worldwide eCommerce in 2019, and that figure is projected to reach 82 percent by 2024. Zalando has found that mainstream global credit cards like American Express, Diners Club, Mastercard and Visa are useful in markets like France, the U.K. Cards can be critical to serving the U.K.

Payments 131

Payments Cards Resources Online 131

Abrigo

FEBRUARY 14, 2023

Loans, lines of credit, credit cards, and merchant cash advances (MCAs) are the types of credit transactions that new data collection requirements will cover. That timeline would put the compliance deadline around October 2024. What is a “covered" credit transaction? The final rule is expected by March 31, 2023.

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Data Lending Compliance Resources 195

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Technology-forward banks spend as much as 16.4% and 11.1%, with a median of 8.1%

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Capital Operations Customer Experience Comparison 195

PYMNTS

APRIL 30, 2019

Along the way, retailers are leveraging, and will continue to leverage, the latest payments technology developments to maximize revenue, while maintaining security of the transactions themselves. contactless payments have quickly caught on across debit and credit cards. For example, in the U.K., An Employment Shift, Too.

Retail 138

Retail Data Operations Payments 138

PYMNTS

DECEMBER 18, 2019

These are just some of the ways that these companies, among others, are allowing consumers to order their favorite menu items from burgers to coffee with the help of mobile technology: The number of McDonald’s restaurants offering delivery is 23,000. Wendy’s is looking to bring sales from digital orders up to 10 percent by 2024.

Mobile 131

Mobile New York City Innovation New York 131

FICO

JULY 6, 2023

There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels. The people I talked with about scams were thrilled to learn more about putting technology in place to help curb this insidious and alarming type of fraud.

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Fraud Management Customer Experience San Diego 52

PYMNTS

DECEMBER 4, 2019

trillion valuation by the end of 2024, and $191 billion by the end of this year. This week’s examination of payments rail modernization looks at a range of service providers embracing new rails rather than relying on technology to improve existing ones. Diamante Embraces Blockchain, Too.

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Payments blockchain Industry Analysis 131