PYMNTS

SEPTEMBER 18, 2019

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

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PYMNTS

OCTOBER 28, 2020

This puts them at risk of losing customers to more agile FinTechs that lack these issues. billion by 2025, up from $74.4 A survey of bank CEOs found that 72 percent were prioritizing technology investments, with 58 percent of respondents reporting that they were investing in automation technologies like artificial intelligence (AI).

Payments 219

Payments Compliance Fintech Innovation 219

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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PYMNTS

DECEMBER 17, 2019

One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. Artificial intelligence (AI) and blockchain technology can boost the odds in favor of those credit-seeking businesses. FinTech Sandbox. FinTech Prognosis.

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Fintech blockchain Trends America 136

American Banker

FEBRUARY 7, 2024

The San Francisco-based electronic signature company's chief executive Allan Thygesen announced Tuesday that roughly 400 employees across the company were being let go as part of restructuring for the 2025 fiscal year.

San Francisco 74

San Francisco Company Industry Technology 74

PYMNTS

OCTOBER 22, 2019

It advises that financial institutions should turn to outsourcing and technology before the economy slows down. FinTech startups and tech giants are bringing new competition and banks risk “becoming footnotes to history” as regulations ease, making it easier for companies to offer financial services. Amazon in the U.S.

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Survey Fintech Innovation Report 101

PYMNTS

NOVEMBER 13, 2019

Technology firms are already proving to be big competitors to traditional banks, with companies like Venmo and Cash App launching debit cards. The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S.

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.

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Regional Groups Report Innovation 205

PYMNTS

NOVEMBER 20, 2020

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the ongoing global pandemic, according to a top Samsung executive. Samsung will continue to invest in these advanced technologies.”.

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PYMNTS

APRIL 25, 2019

Thus, technology must always be fine-tuned and sometimes overhauled, and mobile must be top of mind if CUs want to keep relationships with younger customers, who will of course wield significant financial power as time goes on. percent: Share of CU members who are willing to switch from CUs to FinTechs for perceived ease and convenience.

Mobile 128

Mobile Fintech Course Innovation 128

PYMNTS

SEPTEMBER 23, 2020

Volante Technologies Inc. , the FinTech software company, announced Wednesday (Sept. Volante met our top criteria for an ideal collaborator, modern cloud-native technology, deep payments and transaction banking expertise, and the ability and flexibility to deliver against aggressive deadlines.”. end up in payments,” he said.

Payments 151

Payments Analytics Apple Google 151

Bussman Advisory

FEBRUARY 4, 2023

features amid ChatSPG competition More information on www.bussmannadvisory.com The latest edition of the FinTech Ecosystem Newsletter is here : Interested in FinTech or Digital Assets related Advisory or Workshop? We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

Google 52

Google Digital Banking social media Fintech 52

American Banker

JANUARY 7, 2020

Policymaking has moved at an agonizingly slow speed compared with the exponential growth of technology, leaving regulators and lawmakers facing a huge task over how to keep up. .

Regulation 75

Regulation How To Technology Google 75

PYMNTS

JANUARY 13, 2021

The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. Since then, PSCU has migrated from being a transaction processing service reseller to a FinTech provider helping credit unions (CUs) and their members. and PT Danadipa Artha Indonesia. billion transactions annually.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

FEBRUARY 18, 2020

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 percent, and is expected to be a $102 billion eCommerce market by 2025. The company has the goal of finding and nurturing new technology companies.

Regional 171

Regional Lending Fraud Maine 171

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. Banks and FinTechs are entering into new partnerships to take advantage of this gro wing demand for cloud technology. Standard Chartered expects this process to be complete by 2025.

Payments 228

Payments Report Study Security 228

PYMNTS

SEPTEMBER 16, 2019

trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. As more startups penetrate the $1.5

Payments 150

Payments Survey Analysis Capital 150

Cisco

APRIL 26, 2022

The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. trillion by 2025, growing at a CAGR of 16.9%.

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Big Data Data Analytics Examples 148

PYMNTS

FEBRUARY 26, 2019

As CNBC pointed out, Southeast Asia is estimated to have an internet economy of more than $240 billion by 2025. Citigroup has recently been investing heavily in technology to keep up with the FinTech startups that have been disrupting the financial services market. Customers also can earn rewards points and airline miles.

Payments 183

Payments Lending Cards Mobile 183

PYMNTS

JANUARY 2, 2020

Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Digital banking technologies rolled out in Singapore, and data collected will also support the southeast Asian growth of Alibaba’s eCommerce site Lazada ,” said Vey-Sern Ling, a Bloomberg Intelligence analyst. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

DECEMBER 26, 2019

Last week, Vietnamese group Vingroup announced a plan to shut down its eCommerce site Adayroi.com, which it formed in 2013, and merge its ePayment business side with its FinTech arm, VinID. The company is planning to completely exit retail to become a technology and industrial firm, focusing more on smart technology and new types of cars.

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Retail Groups Maine Google 130

PYMNTS

SEPTEMBER 17, 2020

One recent report found that the IAM technology market is predicted to grow from $7.6 billion by 2025.”. That involves partnering with financial institutions (FIs) and FinTechs that are specialized in higher education, and have been working overtime on payments fixes for a tough situation. billion this year to $15.3

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Video Resources Course Online 251

PYMNTS

DECEMBER 1, 2020

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Plus, Altana raises funding for its supply chain technology, Velo Labs partners with Visa on SME lending and Google's former CEO backs a new tech fund.

Payments 141

Payments Google Capital Lending 141

Chris Skinner

FEBRUARY 17, 2017

This will change though, and it’s not just things on the internet, but a whole raft of technologies from robotics to artificial intelligence to machine learning, combined with IoT that will make it happen. Research house IHS Markit estimate 78 billion things communicating by 2025. There are various estimates.

Mobile 259

Mobile Technology System Software 259

PYMNTS

SEPTEMBER 25, 2019

We are on track to realize our vision, which is to be one of the leading technology-enabled consumer-lending companies; a FinTech platform of choice for both individuals and POS and eCommerce partners. The company said it will clear €1 billion in revenues by 2025.

Capital 109

Capital Lending Strategy Fintech 109

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. “See how payments are done with Uber?

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Millennials Management Technology Innovation 138

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 Of course, successful retail banking requires more than just technology. By William Atkinson. Reaching customers. Versluys says. “We

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

Chris Skinner

FEBRUARY 3, 2017

As Antony Jenkins, former CEO of Barclays, aptly put it in a 2015 speech: “Over the next 10 years, we will see a number of very significant disruptions in financial services, let’s call them Uber moments” … Some analysts believe Fintech disruption could take as much as 10% to 40% of bank revenue and eliminate 1.7

Innovation 150

Innovation Millennials ATM Data 150

Abrigo

FEBRUARY 3, 2020

Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Technology spending priorities. Banks spend about 7 percent of revenues on information technology, the report’s authors estimate.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025.

cryptocurrency 135

cryptocurrency blockchain Industry Technology 135

PYMNTS

APRIL 16, 2018

Reuters reported Barclays plans to build a team that includes technology experts, software developers and entrepreneurs who will work in lockstep with Barclays’ U.K. The unit will be led by Ben Davey, former head of Barclays group strategy. businesses. They will also form partnerships or take equity stakes in tech companies. “The

Capital 122

Capital Strategy Innovation Operations 122

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. The Tracker highlights the contribution of different stakeholders, including institutions and technology providers coming together to make this happen.

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Nebraska Risk Management Apple Payments 144

PYMNTS

JUNE 4, 2020

Digital payment technologies enable banks to meet evolving customer needs in everything from refunds and consumer incentives to [B2B] payments. It now falls to banks, FIs and FinTechs to pull ahead of the digital shift by tracking mobile and real-time payments trends and innovate for the banking whims of post-pandemic America.

Payments 132

Payments Regional America Mobile 132

Bobsguide

MARCH 28, 2022

The majority of enablers, including bigtechs and fintechs, expect the overall BaaS market to grow by more than 50% over the next five years. It is estimated there will be as many as 60 billion IoT devices in operation by 2025; we expect these devices to be interacting, transacting and many will need to be financed.

Innovation 60

Innovation Lending social media Retail 60

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

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 collaboration with Discover was enabled when Car IQ incorporated its payment technology into the Discover payments platform. It could happen.

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San Francisco California System Cards 159

PYMNTS

JUNE 24, 2019

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. percent CAGR between 2018 and 2025. Adoption depends greatly on partnerships to make RTP more accessible. The gig economy’s functionality is tied to real-time payments.

Payments 162

Payments System Millennials Community Bank 162