Bank Innovation

JULY 11, 2016

Capital One will be the fifth bank to go live with realtime peer-to-peer payments on the clearXchange network, it was announced this morning. Capital One 360 customers can currently receive realtime payments from other banks in the network, which now includes Bank of America, JPMorgan Chase, U.S.

Capital 150

Capital America Payments US 150

PYMNTS

AUGUST 12, 2019

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Consumers who want to sell their cars via that platform reportedly seek an online price estimate. “If The latest news from SoftBank confirms the growth of used cars online.

Trends 115

Trends Online Report America 115

PYMNTS

AUGUST 9, 2019

The company is reportedly in talks with online used car site Kavak and FinTech Konfio, which aids small businesses in getting loans. . SoftBank recently announced a $5 billion Innovation Fund solely focused on Latin America , and it has been researching startups in Mexico especially.

America 109

America San Francisco Meeting Regional 109

Bank Innovation

FEBRUARY 16, 2017

Kahina Van Dyke, global director of commerce & payment partnerships at Facebook, will be a featured speaker at Bank Innovation 2017, which takes place in San Jose on March 6-7. Facebook has a market capitalization of $384.5 Van Dyke will participate in a fireside chat at the invitation-only event. Read More.

San Jose 220

San Jose Innovation Payments Capital 220

PYMNTS

JUNE 19, 2019

million in fresh funding, capital that will go toward “a B2B offering (that allows) individual travel agents at large online travel management companies and tour operators to offer a ‘seamless travel experience’ to their end customers, making the booking experience simpler, faster and cheaper.”. based startup called Duffel.

Innovation 152

Innovation Industry United States Payments 152

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

Innovation 186

Innovation Survey Fintech Community 186

Bank Innovation

JULY 5, 2018

Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one. And there is more to this virtual assistant than just the cool factor, for banks these chatbots improve […].

America 305

America Capital Online Innovation 305

PYMNTS

JANUARY 22, 2021

Investors in the latest financing included Prospect Avenue Capital, Guiotai Junan International, and Nan Fung Group. Lighthouse Capital served as the exclusive financial adviser. That round was led by Tencent Holdings and joined by Tiantu Capital, Susquehanna International Group (SIG) and Kuaishou.

Nevada 180

Nevada Capital New York Groups 180

PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. He will report to Barry Rodrigues, CEO of cards and payments, and Richard Haworth, CEO of the Americas business.

Capital 100

Capital Cards Delaware Payments 100

Bank Innovation

JULY 17, 2018

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores.

Innovation 210

Innovation Mobile Study Survey 210

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing. Similarities To The EU.

America 168

America Regional Regulation Fintech 168

PYMNTS

MAY 3, 2019

To provide consumers with less expensive and more flexible booking options, eCommerce innovators are taking new approaches to hotel reservations. They then can see a list of hotel results with prices (similar to other online booking experiences). million Series A round led by Fosun International’s VC investment arm, Fosun RZ Capital.

Online 100

Online Innovation New York Marketing 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261

San Jose Baltimore Nebraska Community 261

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As But we at Citcon believe it will also be marked as the year that prompted stunning innovation across industries. 2020 will be remembered by most as a year of trial. "As

Retail 211

Retail Payments Online Marketing Strategies 211

PYMNTS

FEBRUARY 25, 2019

His main exposure to the payments industry was using his Bank of America debit card to pay for things at the store. That brought about an idea to create a card that would give kids — who didn’t have a credit card, but did have access to high-speed internet at school — a way to buy things online. area Rite Aid stores in 1998.

Innovation 137

Innovation Cards Maine Online 137

Bank Innovation

OCTOBER 17, 2018

Just ask Bank of America, whose Erica crossed 3.5 million users, or Capital One’s Eno which claims to have one of the highest user ratings and can even communicate with consumers through text outside the banking app. Virtual banking assistants seem to be all the craze lately.

America 150

America Capital social media Online 150

PYMNTS

SEPTEMBER 8, 2020

The funding is intended to fuel its growth in Africa, Asia and Latin America. The new features include price reduction, online deal notifications and product alerts for customers. Capital Management is seeking to keep the $175 million it received when Citigroup accidentally paid out several Revlon lenders around $900 million in total.

Payments 141

Payments California Apple Video 141

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

Security 189

Security Capital Analytics Software 189

PYMNTS

AUGUST 4, 2020

We’re excited to extend our partnership with Stripe to offer our customers capital and real-time access to funds so they can take on more jobs and better operate their businesses.”. Funds that contractors’ customers pay online will reach providers’ bank accounts in seconds, including on non-business days. employment.

America 158

America Software Meeting Capital 158

PYMNTS

APRIL 5, 2019

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. OnDeck said the new solution not only accelerates access to capital, but can also provide greater predictability for enhanced cash flow management. on a business day. ”

Capital 109

Capital Lending America Online 109

PYMNTS

NOVEMBER 22, 2019

VTEX, an eCommerce company that has helped companies like Walmart sell online, has raised $140 million in a funding round led by SoftBank’s Latin American fund, according to a report by TechCrunch. Brands and retailers want reliability and the ability to test their own innovations. billion in gross merchandise value.

Software 108

Software America Regional Tools 108

PYMNTS

JUNE 7, 2019

This week’s B2B Venture Capital roundup is all about data. However, the biggest funding round of the week went to a company that is not yet in the B2B FinTech space, though it has plans to use the capital to launch a cross-border, small business (SMB) money-transfer service. Catch up on the latest investment rounds below.

Data 139

Data Capital Analytics Lending 139

PYMNTS

FEBRUARY 19, 2019

As reported, iwoca , a small business lender focused on online lending (with loans up to 250,000 pounds) said it raised 150 million pounds in debt and equity financing (where the division was 20 million pounds of equity financing and with the remainder as debt), as per reports Monday (Feb. In news that came from across the Pond, two U.K.-based

Fintech 187

Fintech Lending Capital Regional 187

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JULY 26, 2020

trillion in accounts receivable data from industries in North America. Integration of Ansonia into the Equifax USIS business provides us with a rich source of customized intelligence to meet the needs of capital providers who extend credit to transportation and logistics companies,” said Sid Singh , president of Equifax USIS, in a statement.

Data 167

Data Company Pennsylvania Atlanta 167

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

Bank Innovation

OCTOBER 29, 2018

During these calls, most of these FIs talked about technology and innovation in some form or another. While some like Capital One, whose's CEO Richard Fairbank remained vague about what's […]. Earnings season is almost over, and in the last two weeks most of the big banks and many other FIs had their quarterly earnings calls.

Trends 150

Trends Innovation Capital Technology 150

PYMNTS

AUGUST 10, 2016

In general, venture capitalists are boosting their investments in Latin America, with funding reaching $594 million in 2015, a stark increase from $387 million in 2012, the Latin America Venture Capital Association confirmed.

Innovation 100

Innovation Apple social media America 100

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Some financial institutions, including Bank of America and UMB Bank, have also invested in mobile B2B payments. Recent Capital One research also uncovered how sluggish mobile payments adoption has been in the corporate setting.

Mobile 211

Mobile Cards Samsung America 211

PYMNTS

JANUARY 25, 2021

Metrick also outlined a 3-point “Luxury Disrupted” strategy which consisted of edicts such as don’t forget the fashion, make it easy for customers and the need to use data to improve both online and in-store shopping experiences. The Digital Shift Is Permanent.

Community 269

Community Retail Strategy National 269

CB Insights

SEPTEMBER 26, 2018

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

Innovation 73

Innovation Cleveland New York New York City 73

Bank Innovation

FEBRUARY 8, 2017

BMO Bank has been “heavily” investing in its technology architecture for the past five years. The bank reached a “major milestone” at the end of 2016, according to David Gordon, the bank’s U.S. chief technology and operations officer. That’s in terms of all the tech capabilities we have built, which will Read More.

Innovation 150

Innovation blockchain Operations Technology 150

PYMNTS

JANUARY 12, 2017

According to an announcement , the firm raised $63 million from backers in a funding round led by Victory Park Capital and existing supporters. In addition to the funds, iZettle also announced its new CFO, Maria Hedengren, who joins the company from online gaming company NetEnt, according to reports.

America 100

America Lending Cards Capital 100

PYMNTS

NOVEMBER 21, 2016

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

Strategy 100

Strategy Lending Capital America 100

PYMNTS

SEPTEMBER 3, 2018

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The agreement … sets out a process to share and use information on innovation in their respective markets.”.

Fintech 111

Fintech Trends Innovation Groups 111

PYMNTS

FEBRUARY 20, 2020

We’re focused on capital efficiency,” he noted. “We 500 list of the fastest-growing private companies in America. The deployment of Adore Me’s online magazine and catalog is supported by Angular, and has enabled Lucaciu and his team to be agile where its corporate competitors are not. Adore Me is ranked No.

UX 210

UX Retail Technology Mobile 210