Bank Innovation

AUGUST 13, 2018

David Brydun, vice president of consumer lending, exclusively told Bank Innovation that the financial institution has partnered with Checkbook.io on a digital check issuance solution that utilizes blockchain. “A A lot of what goes on in digital lending is […]. Baxter Credit Union, based in N.J.,

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PYMNTS

JANUARY 5, 2018

Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — has hired a new CIO. I can only see blockchain technology as the next step in this evolution of payments and asset transfer in the future,” he said in a statement announcing his position at BABB. The company said Thursday (Jan.

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Bank Innovation

JANUARY 28, 2019

Coming off a year of high growth, enterprise blockchain startup Symbiont on Wednesday closed a $20 million Series B funding round led by Nasdaq Ventures, with participation from new investors including Galaxy Digital, Citi Ventures, and Raptor Group.

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Bank Innovation

JANUARY 30, 2019

It may take a few years for blockchain’s impact to be felt meaningfully, but it will provide some advancements in certain areas even as cryptocurrencies falter, according to JPMorgan Chase & Co.

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Bank Innovation

FEBRUARY 18, 2016

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

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Bank Innovation

MAY 2, 2016

The financial industry has long discussed the benefits of adopting blockchain – or distributed ledgers – in its operations. Storing records in the cloud are still a major concern, as FIs try to figure out how to tap into the technology, but IBM’s announcement last week is said to remove those Read More.

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PYMNTS

OCTOBER 17, 2017

Blockchain startup Digital Asse t has brought in another $40 million in funding, bringing its total amount raised to $100 million. According to news from Reuters , this latest round was led by Jefferson River Capital, LLC, the family office of Tony James, president and chief operating officer of private equity firm Blackstone.

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PYMNTS

FEBRUARY 20, 2018

As with other forms of financing, alternative lenders have stepped into this space to fill that gap left by traditional banks – and yet, the gap remains, highlighting the limitations of alternative lending’s proliferation in recent years. Still, implementing such strategies is a significant operational challenge in itself.”.

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PYMNTS

APRIL 13, 2018

Funding targets this time around included blockchain, logistics, alternative finance, artificial intelligence and T&E — with a few startups taking a stab at some of the biggest problems in the cannabis industry, procurement and microfinance. Blockchain. Blockchain Capital. Blockchain Capital. said this week.

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PYMNTS

DECEMBER 11, 2019

Fraud detection systems have a big problem with at least one type of lucrative scam, while blockchain is set to reinvent lending and APIs change finance. 40 percent: Share of travel operators struggling to manage multiple payment service providers. Data: $1.1T: Estimated business revenue boost from AI-enabled CRM software.

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Payments Fraud blockchain Lending 131

PYMNTS

JULY 23, 2018

billion blockchain fund, and the U.A.E’s Network International has launched a Shopmatic-powered eCommerce platform called Go-Online. With the service, customers of myPOS operating in the U.K. billion fund focused on the blockchain, ZDNet reported. Welcome to The Axis, your late look at payments news from around the world.

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CFPB Monitor

JUNE 3, 2021

After reviewing how blockchain technology operates and the pandemic’s impact on its use, we discuss the technology’s main benefits and regulatory risks; its use in digital identity, anti-money laundering compliance, preventing wire transfer fraud, peer-to-peer lending, and decentralized finance; the role of “smart contracts” in consumer finance; how (..)

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PYMNTS

OCTOBER 12, 2020

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave.

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PYMNTS

JULY 5, 2017

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. Every invoice is assigned a unique fingerprint, the firm said, by tokenizing each bill and linking them onto the blockchain. The sale will last six weeks, it said.

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cryptocurrency blockchain Lending Samsung 216

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. sent a letter to five alternative small business lenders operating in the country, inquiring about their business practices.

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Bank Innovation

SEPTEMBER 7, 2016

The afternoon session brought on the blockchain. The morning session at BBVA Open Talent Challenge was all about artificial intelligence. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The challenge was part Read More.

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Bank Innovation

APRIL 19, 2017

Blockchain, robos, lending, investment and more — checkout the roundup of the fintech startups from TechDay NYC below. Qplum The startup, launched […].

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PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

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PYMNTS

MARCH 25, 2016

It may have been a big week for alternative lending in the consumer finance space, but in B2B payments, blockchain and eCommerce startups snagged the biggest share of venture capital. Blockchain. But that doesn’t mean blockchain is free from its notoriety. B2B eCommerce. 30 million , to be exact.

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PYMNTS

NOVEMBER 3, 2020

Contour lets bank clients follow the handling and revisioning of a trade finance transaction live with the help of blockchain, according to a Tuesday (Nov. Major banks like HSBC, BNP Paribas, Standard Chartered and ING were the founders of Contour, which seeks to optimize the LC workflow, speed up settlements and reduce operating costs.

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PYMNTS

OCTOBER 30, 2018

While Alipay already works with small businesses by offering Ant Financial services that allow businesses to accept payments, the latest offerings suggest that Alipay is enhancing its presence in small businesses’ back offices in the form of financial and operational management tools.

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Bank Innovation

NOVEMBER 13, 2017

EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.

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PYMNTS

MAY 11, 2018

Also landing on the board this week are alternative lending, expense management, cybersecurity and blockchain players. Alternative Lending. Operating in the trade finance market, CCRManager announced $6.5 Blockchain. Check out the latest investment rounds below. CCRManager. Expense Management.

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CB Insights

OCTOBER 18, 2018

It’s no secret that everyone from small startups to m ajor corporations is jumping on the blockchain trend. RESEARCH briefing: ENTERPRISE BLOCKCHAINS & THE FUTURE OF DECENTRALIZATION. We look at how the enterprise blockchain world is developing, as well as where cryptonetworks could possibly go in the future.

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Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Technology Fraud Compliance Regulation 195

PYMNTS

JUNE 8, 2020

Cardpay was founded by Kumar Srinivasan , who boasts two decades of experience with payments, retail and credit lending services. Srinivasan will continue to lead the operations at Grit, according to BusinessLine. “Payments-led lending is the new growth mantra for us.

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Bank Innovation

FEBRUARY 8, 2019

Most finance professionals are not using APIs to facilitate faster payments, according to a new report from TD Bank. Even more surprising is that many of them don’t intend to use APIs in the future. Faster payments is a top priority for many FIs, the TD Bank survey found. About 60% of respondents expect to […].

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PYMNTS

MARCH 2, 2018

Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. The company operates a working capital and trade finance solution for companies to secure financing to power global trade.

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PYMNTS

FEBRUARY 16, 2018

million landed this week (including the blockchain company that secured most of it) below. Nicknamed NepFin, Neptune Financial recently announced $10 million in Series A funding for its alternative lending solution. Blockchain. Dfinity Foundation landed $61 million as part of its quest to build a blockchain “internet computer.”

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Insights on Business

DECEMBER 27, 2017

Banking on blockchain for increased trust”. You would be hard-pressed to find tech industry jargon spoken and written about as much as the secure ledger technology known as blockchain. While it is currently revolutionizing a number of industries , blockchain might as well be the word of the year in technology.

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Bank Innovation

AUGUST 1, 2017

Blackmoon Financial Group, which current operates a marketplace lending platform, today launched a service for making Initial Coin Offerings, or ICOs. Another company is jumping into facilitating ICOs.

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Let's Talk Payments

MAY 10, 2016

Names Commerce Bancshares as Pilot Participant New York, NY, May 10th, 2016 – Fluent, the financial operating network for global commerce built on blockchain technology, today announced that it has.

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PYMNTS

APRIL 30, 2019

The government said that, in the wake of Brexit, roughly 100 financial firms have applied to set up shop or expand operations in Ireland. Trade reports said the company will be able to operate “as usual” across the European Economic Area, even after Brexit takes shape and effect.

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Bank Innovation

JUNE 12, 2017

As the year saw changes in financial regulation, startup culture, and trends in venture capital, innovation moved forward: blockchain labs were made, funding was fought for, mobile payment systems were integrated, and the limits of artificial […].

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PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. The new banking options are largely built around blockchain technologies.

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