Bank Innovation

OCTOBER 31, 2019

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Google and Temasek Holdings Pte.

Study 186

Study Lending Google Online 186

PYMNTS

NOVEMBER 13, 2019

Our approach is going to be to partner deeply with banks and the financial system,” Google VP of Product Management Caesar Sengupta told WSJ. “It The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. The branding will reflect the financial institutions and not Google.

Google 161

Google Fintech Apple Survey 161

PYMNTS

DECEMBER 1, 2020

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. Virgin Money's ultimate goal is to ramp up its regional franchise, time with relationship managers and availability of digital technology and services.

Regional 205

Regional Groups Report Innovation 205

Cisco

APRIL 26, 2022

Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. This challenge is compounded by the growing use of alternative data from sources like customer data platform (CDP) providers, fintech partnerships, and even from sensors and IoT devices.

Big Data 148

Big Data Data Analytics Examples 148

PYMNTS

NOVEMBER 5, 2020

Singapore FinTech platform Nium has appointed Frederick Crosby as its new chief revenue officer. “I trillion by 2025. The Middle East expansion will be headed by Ayoub Jemail, who will serve as general manager of business development for the region. I am super excited to welcome Frederick in this new position.

Fintech 130

Fintech Strategy Regional Marketing 130

PYMNTS

SEPTEMBER 23, 2020

the FinTech software company, announced Wednesday (Sept. In addition to payments, the application programming interface (API)-enabled platform includes analytics, liquidity management, virtual accounts and payments. Volante Technologies Inc. , It also features VolPay , the processer of domestic and international payments. “In

Payments 151

Payments Analytics Apple Google 151

PYMNTS

JANUARY 20, 2020

Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP. In addition, equity investments would be tied to a newly renamed asset management unit.

Operations 150

Operations Capital Groups Apple 150

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

SEPTEMBER 17, 2020

Observing that “onboarding does not stop after students have been accepted to their chosen universities,” there remains financial aid, housing, course selection and numerous other details to manage. “A More colleges and universities are counting on identity and access management (IAM) software to help. billion by 2025.”.

Video 251

Video Resources Course Online 251

PYMNTS

JANUARY 20, 2020

Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP. In addition, equity investments would be tied to a newly renamed asset management unit.

Capital 131

Capital Groups Apple Operations 131

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. This demand is driving the global expense management software market to reach $6.6 billion in value by 2025. based FinTech, recently added a new corporate card to its portfolio of solutions.

Tools 141

Tools Boston Cards Management 141

PYMNTS

NOVEMBER 6, 2019

“A company’s biggest fear is that once they establish a commerce-type relationship, they can’t maintain the end-user, and they leave the ecosystem because they now have a direct relationship with the seller,” Matt Loos, a managing director in JPMorgan’s global payment strategy and product group, told the news outlet. .

New York 103

New York Fintech Payments Report 103

PYMNTS

NOVEMBER 6, 2019

“A company’s biggest fear is that once they establish a commerce-type relationship, they can’t maintain the end-user, and they leave the ecosystem because they now have a direct relationship with the seller,” Matt Loos, a managing director in JPMorgan’s global payment strategy and product group, told the news outlet. .

New York 101

New York Fintech Payments Report 101

Independent Banker

OCTOBER 31, 2022

According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that. “A This began with its launch of Personal Finance, a software program that helps customers budget, track spending and manage savings goals.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

NOVEMBER 27, 2020

These virtual cards can offer valuable protection, as hackers who manage to steal these codes are usually unable to use them for spending sprees. based FinTech Jassby. trillion in spending this year and to reach $5 trillion by 2025. Consumers are also thinking “virtual” when it comes to gift cards.

Cards 197

Cards Security Tools Online 197

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. As real-time payment schemes spread worldwide, stakeholders need to examine the impact these rails will have on their risk management strategies.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

OCTOBER 1, 2020

By 2025, it is estimated that $86 billion will be spent on in-car commerce. In fact, if the California-based FinTech Car IQ has its way, it will happen soon. The idea was to make payment management of fleet vehicles simpler,” said Pratz. But then on the expense and payment management side, it becomes a really daunting task.

San Francisco 159

San Francisco California System Cards 159

PYMNTS

SEPTEMBER 18, 2018

The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. “Technology and demographic changes are transforming business travel. . They are digital,” said Bogaert. ”

Millennials 138

Millennials Management Technology Innovation 138

Chris Skinner

FEBRUARY 3, 2017

Snyder, chief innovation officer at venture capitalist firm Safeguard Scientifics and a senior fellow at Wharton’s Mack Institute for Innovation Management. million banking jobs by 2025. million banking jobs by 2025. It should be publishing informed insights but this post was more of a headline grabber from Scott A.

Innovation 150

Innovation Millennials ATM Data 150

Abrigo

FEBRUARY 3, 2017

Bank management understand that the process small business owners go through to apply for a loan at most financial institutions is often archaic. Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025. They intend to: • Create a better customer experience as described above.

Lending 150

Lending Community Bank Meeting Community 150

PYMNTS

JUNE 4, 2020

Shifting consumer and business approaches to financial products are driving permanent demand for faster and more flexible banking services,” Seth Brennan , managing director of Wirecard North America, told PYMNTS. Evolutionary Forces Gather. Everyone’s doing it – including the big dogs like Mastercard.

Payments 132

Payments Regional America Mobile 132

Gonzobanker

JULY 27, 2022

Three in 10 Gen Zers and Millennials now consider a digital bank or fintech to be their primary checking account provider, and I would bet that most of them have no clue where that provider’s headquarters is located (or care, for that matter). Strategy #2: Embedded Fintech. Embedded fintech examples SOURCE: CORNERSTONE ADVISORS.

Strategy 88

Strategy Customer Experience Fintech blockchain 88

Abrigo

FEBRUARY 3, 2020

Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need. But research firm Gartner estimates that through 2025, 99% of cloud security failures will be the customer’s fault. Time for bold late-cycle moves.”

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

APRIL 16, 2018

The newswire noted that Davey told The Financial Times the unit is aiming to add billions in revenue to Barclays by 2025 and that the unit will look at advanced technologies, such as artificial intelligence. Larger corporate customers will be managed via the non-ring-fenced bank, while smaller clients will be serviced by “Barclays Bank U.K.,”

Capital 122

Capital Strategy Innovation Operations 122

PYMNTS

JULY 5, 2017

“They invest heavily in corporate performance management solutions to consolidate their financials and corporate plans, but still send out Excel sheets and PowerPoint slides to senior management and other stakeholders.” . “Companies still rely too much on Excel for reporting,” Born explained.

Data 132

Data Analytics Tools Report 132

Insights on Business

MAY 22, 2019

Global card fraud losses are on the rise—from 2016 to 2025, they are projected to nearly double, climbing from US $22.8 Banks are facing the challenge of needing to adapt to meet their customers’ evolving expectations for a frictionless transaction, while also ensuring their security,” said Mike Smith, Managing Director of IBM New Zealand.

Customer Experience 87

Customer Experience Payments Fraud Security 87

FICO

AUGUST 19, 2022

Accenture says that 85% of companies have a digital transformation effort underway; IDC projects that companies will spend another $10 trillion between now and 2025. Worse, smelling blood in the water, venture capitalist are pouring record amounts of investment into the next generation of fintechs and insurtechs. Jim Neumann.

Customer Experience 52

Customer Experience Analytics Strategy Management 52

PYMNTS

MARCH 11, 2016

Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. Fxiaoke defines itself as a Software-as-a-Service firm, providing companies with software for marketing management via mobile device. This time, the U.S.

US 100

US Capital Software Operations 100

Insights on Business

FEBRUARY 27, 2019

It is hard to remember how we managed with the rudimentary tools of ten years ago; so turn on your imagination and wonder what banking will be like ten years from now. To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

SEPTEMBER 14, 2016

Of that figure, 71 percent, or $145 million, came from the FinTech sector, with the biggest deal, at $119 million, tied to OfferUp, a Craiglist.com rival, raised through Warburg Pincus and also GGV Capital. So, how has C3 IoT managed to scale and to integrate cloud, Big Data and machine learning for IoT applications? trillion–$11.1

Big Data 100

Big Data Fraud Software Analytics 100

NCR

JANUARY 16, 2017

We estimate that in five major retail banking businesses (consumer finance, mortgages, SME lending, retail payments and wealth management) from ten to 40 percent of revenues (depending on the business) will be at risk by 2025, and between 20 and 60 percent of profits, with consumer finance the most vulnerable.”

Trends 40

Trends Retail Customer Experience Resources 40

Lex Sokolin

DECEMBER 25, 2019

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. a wealth management service from Set Protocol. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. all Fintech unicorns?—?that

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

DECEMBER 16, 2019

and Canada, it will grow from 83 percent of the total population today to 90 percent in 2025, and in Europe it will move from 73 percent to 83 percent in that same timeframe. In five short years, by 2025 , there will be more than 25 billion devices capable of interacting with the internet – up from nine billion today.

Payments 180

Payments Innovation Cards Google 180

PYMNTS

JANUARY 1, 2020

and Canada, it will grow from 83 percent of the total population today to 90 percent in 2025, and in Europe it will move from 73 percent to 83 percent in that same timeframe. In five short years, by 2025 , there will be more than 25 billion devices capable of interacting with the internet – up from nine billion today.

Innovation 174

Innovation Cards Google Payments 174

PYMNTS

FEBRUARY 10, 2020

Brexit has also had a large effect on FinTechs in Britain , and many of them are moving to the EU. France is especially attractive to FinTechs because in September, President Emmanuel Macron announced that asset managers and insurers have started a 5 billion euro investment to help grow new tech startups into tech giants.

Fintech 151

Fintech Operations Management Marketing 151

Lex Sokolin

OCTOBER 28, 2020

cough blockchain* Last week, the company announced a planned spin-off for its Managed Infrastructure Services unit by end of 2021 , which currently generates about $19 billion out of IBM’s $75 billion of revenue (give or take). whether telecom, managed services, or otherwise?—?is Sound familiar? Key Takeaway Infrastructure?—?whether

blockchain 40

blockchain Google National Apple 40

Fintech Labs Insights

MAY 13, 2015

Presenting Divanny Lamas (VP Product Management) and Konstanin Getmanchuk (Financial Products). Metrics: Context Relevant employs more than 65 people across three offices located in Seattle, New York & Palo Alto and expects to double its size in 2025. The company raised over $42M in a Series B-1 round in Q3 2014.

Analytics 12

Analytics Seattle Security Washington 12