PYMNTS

AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ” Wirecard declined to comment for the FT article.

Regional 362

Regional Online Fintech Regulation 362

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. operations with a soft landing of customers to Varo.

Fintech 109

Fintech FDIC Capital Community Bank 109

Abrigo

DECEMBER 22, 2023

Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list. Articles on creating a sound credit risk rating system and preparing for the possibility of new requirements such as the CFPB ruling were among the most-viewed throughout the year.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

JANUARY 22, 2020

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit , a software development startup based in Ethiopia, as reported on Wednesday (Jan. incorporated but operates in Addis Ababa – to support that expansion into East Africa and Latin America,” the article indicated.

Software 130

Software San Francisco America Study 130

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. But there is evidence that investors’ appetite for alternative lending startups is on the wane, even as overall FinTech funding continues to climb — and as the success of the alternative lending market grows, too.

Lending 190

Lending Capital Fintech Security 190

CFPB Monitor

JANUARY 9, 2019

federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. That lawsuit was dismissed for failing to establish an injury in fact necessary for Article III standing and for lacking ripeness for judicial review.

Fintech 60

Fintech Regulation New York National 60

PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

CFPB Monitor

AUGUST 5, 2021

The amendments include an anti-evasion provision under which a purported agent or service provider is deemed a “lender” subject to Title 9-A, Article 2 of Maine Revised Statutes. Article 2 contains a licensing requirement and rate and fee limits for consumer loans. SP 205/LD 522 added a new Part 7 to Article 2.

Maine 78

Maine Illinois Operations Payments 78

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

Conference 221

Conference Las Vegas Fraud Case Study 221

CFPB Monitor

AUGUST 13, 2018

A portion of the Treasury’s report entitled “ A Financial System That Creates Economic Opportunities, Nonbank Financials, Fintech, and Innovation ,” focuses on payments. ( See our legal alert for a discussion of other portions of the Treasury’s report.). Current payment methods. Recommendations. Noting the complexity in the U.S.

Report 60

Report Fintech Payments Regulation 60

South State Correspondent

AUGUST 10, 2023

In this article, we argue why banks should consider a modern core system in the form of a sidecar as part of their long-term strategy. While 57 banks, core systems, and fintechs will go live shortly, soon, the platform will see 3,000 financial institutions at least receiving money in real time. A typical community bank may pay $1.5M

System 195

System Examples Operations Data 195

Chris Skinner

JULY 25, 2017

I really enjoyed a recent article on CGAP (the Consultative Group to Assist the Poor). They regularly produce research about financial inclusion that is illuminating and Pablo García Arabéhéty recently wrote an article that is worth sharing here. Transactions Want to Be Free “Information wants to be free.” Then the internet happened.

ATM 274

ATM Bitcoin Retail blockchain 274

Abrigo

MAY 5, 2022

Would you like other articles like this in your inbox? Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

Community 195

Community Lending Maine Resources 195

Jeff For Banks

DECEMBER 27, 2022

And, as you will note from the rest of this article, 6) Longevity of solution(s) provider. Many solutions providers in the fintech space are very young, don't have many installations, and have yet to turn a profit. To see where they are now because they were much ballyhooed by a top trade show in the country for fintech solutions.

Innovation 78

Innovation Fintech Conference Austin 78

Jeff For Banks

DECEMBER 12, 2015

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. Because following the FinTech (eleven!)

Fintech 60

Fintech Capital Cards Bitcoin 60

Lex Sokolin

JANUARY 20, 2021

We gaze with wonder at over $1 billion in raises announced last week, and over $10 billion in Fintech company value creation. Before we go there, however, we need some operating metrics. where are the most profitable fintechs taking their economic rent? Who is winning the fintech game of largest levels? Like WeWork.

Company 52

Company System Fintech Lending 52

Lex Sokolin

JANUARY 20, 2021

We gaze with wonder at over $1 billion in raises announced last week, and over $10 billion in Fintech company value creation. Before we go there, however, we need some operating metrics. where are the most profitable fintechs taking their economic rent? Who is winning the fintech game of largest levels? Like WeWork.

Company 52

Company System Fintech Lending 52

Celent Banking

FEBRUARY 1, 2017

This is the third article in a weekly series highlighting trends and themes from Celent’s Model Bank submission process. Articles from this week on will explore some of the broader themes within each category. Dan Latimore and Zil Bareisis led off with two great pieces on the evolution of the Model Bank Awards.

Customer Experience 100

Customer Experience Branding Boston Innovation 100

Chris Skinner

FEBRUARY 26, 2017

A summary of the main blogs of the week … The FinTech Wave, Part One (part two next week) I wrote a blog the other day for The Next Web. the 2030s and Samantha There’s a line in the 2013 film Her, it’s not just an operating system, it’s a consciousness. I thought it was ok, and it has gained a lot of traction socially.

Phoenix 150

Phoenix Maine Analytics Analysis 150

Chris Skinner

JUNE 7, 2017

interesting that I found that article via Google. Banks are trusted stores of data about money, because they are insured and have a licence to operate from governments. Audi wins with a potential new client and the customer wins with a potentially new car, funded by a bank loan, all operated in real-time. Here’s the idea.

Data 251

Data Google Survey US 251

South State Correspondent

MARCH 21, 2023

This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

NOVEMBER 22, 2016

In an article penned for Asset Finance International, Funding Options CEO Conrad Ford said big banks are favoring larger businesses for overdraft loans, leading small and medium-sized firms to struggle. alternative lender Funding Options is calling big banks out for favoring large corporates over SMEs.

Capital 100

Capital Fintech Operations Company 100

PYMNTS

DECEMBER 28, 2020

He also said Ant should secure a license to operate its personal credit business, offer more transparency about third-party payment transactions and not engage in unfair competition. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168

PYMNTS

MARCH 2, 2020

As far as we can tell, the origin of the quote is from a 2012 Fortune article, with the author writing: “ A favorite Bezos aphorism is “Your margin is my opportunity.” . A favorite aphorism that all research indicates came up for the first time in that article. And inroad that customers are looking at more seriously than ever before.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. On Thursday (Oct.

Lending 152

Lending Capital Marketing Report 152

South State Correspondent

FEBRUARY 20, 2023

Further, the competition is not just another bank that might make a loan or take a deposit, but it could be a credit union, insurance company, retail store, or a fintech. SVA – larger banks consider shareholder value-added pricing, which takes into account operating profits produced over that bank’s cost of capital.

National 195

National Lending How To Community Bank 195

PYMNTS

AUGUST 23, 2018

That move comes as operators of crypto trading platforms have fled China for other places, such as Hong Kong. In the same vein, news also came this week that China is seeking to crack down on 124 cryptocurrency exchanges operating overseas whose services are available to Chinese users.

social media 100

social media cryptocurrency blockchain Technology 100

Jessica Ellerm

DECEMBER 5, 2017

This is backed up by the simple fact that what we have witnessed in the fintech space to date, is that innovation tends to flourish at the small business end of the spectrum. Working capital is a huge friction pain-point for businesses, hence the dramatic rise in fintech’s operating in the invoice financing space over the past 5 or so years.

Fintech 65

Fintech Innovation Capital Report 65

Jessica Ellerm

NOVEMBER 26, 2015

Launched in March of this year, Semble is a partnership between EFTPOS provider Paymark, New Zealand banks ASB and BNZ and three of the largest mobile network operators; 2degrees, Spark and Vodafone. And if Xero are anything to benchmark Kiwi innovation and ingenuity against, the future for fintech in Aotearoa certainly looks bright.

Company 45

Company Fintech Lending Bitcoin 45

PYMNTS

JULY 16, 2019

Days after admitting to a hack that caused the loss of $32 million in cryptocurrency, Bitpoint Japan, a cryptocurrency exchange operator run by Remixpoint , said on Sunday (July 14) it has discovered an additional $2.3 million was stolen. This marks the eighth major cyberattack on a cryptocurrency in 2019 and is one of the largest.

cryptocurrency 128

cryptocurrency Security Survey Bitcoin 128

Independent Banker

AUGUST 31, 2021

The financial services industry is acting on this digital demand, incorporating fintech solutions, instant payments offerings and crypto banking products. For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions. In fact, 45% of U.S. Dive into payments trends.

Trends 91

Trends How To Payments Community Bank 91

PYMNTS

DECEMBER 19, 2018

A 2013 Forbes article noted this trend emerging, especially in Europe, in the wake of banks’ pullback from SMB lending, though the explosion of alternative FinTech firms in the years since has largely pushed the bond market out of SMBs’ minds. Several years ago, however, SMBs began to show interest in the bond market, too.

Marketing 134

Marketing Capital Security Trends 134

PYMNTS

JULY 5, 2017

FinTech Nets A/S, Worldpay’s European rival, said last week it had been approached by potential buyers. As always, and as pointed out by the FT, regulatory concerns are part and parcel of cross border transactions, and Vantiv might satisfy those concerns by keeping Worldpay operations in the U.K. relatively intact.

Payments 117

Payments Mobile Cards Course 117

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Ready to compete against big banks, fintechs and non-bank lenders? In a recent American Banker. Taking Stock.

Lending 126

Lending Community Bank Community Data 126

PYMNTS

FEBRUARY 6, 2019

The Go-Jek funding news underscores the heavyweight backing of strategic investors, where for example, Mitsubishi has an eye on collaboration potential between far-flung businesses that span operations already in Indonesia, such as logistics and convenience stores. The Wall Street Journal reported Wednesday (Feb.

Regional 123

Regional Groups Examples Report 123

Fintech Labs Insights

DECEMBER 1, 2021

Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*). Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs.

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

DECEMBER 1, 2021

Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*). Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs.

Cards 15

Cards Online Utah Austin 15