PYMNTS

DECEMBER 2, 2020

Luxembourg regulators have given a thumbs-up to the FinTech PingPong , authorizing it to do business as an Electronic Money Institution (EMI). The San Mateo, California-based company said the new license would aid its expansion efforts and ensure that it can “provide a secure electronic wallet.”.

Fintech 158

Fintech San Francisco New York California 158

PYMNTS

MAY 27, 2020

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

PYMNTS

JUNE 29, 2020

The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar. Wealthfront , the online investment service firm, has added checking features to its app.

Fintech 151

Fintech California New York ATM 151

CB Insights

AUGUST 3, 2021

Mercury , a fintech company, has raised $120M in a Series B. California-based Mercury is an online banking platform that offers a suite of financial services such as FDIC-insured bank accounts, physical and virtual cards, and cash management for startups, e-commerce stores, and angel investors, among others.

Digital Banking 73

Digital Banking Company FDIC California 73

PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. Plus, the Federal Reserve’s Beige Book report noted that the U.S.

Cards 152

Cards California Capital Tools 152

PYMNTS

JANUARY 7, 2021

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Orange Bank Acquires Anytime. Lloyds Pilots Satago Technology.

Strategy 196

Strategy Fintech California Community 196

PYMNTS

MAY 18, 2018

million in the largest investment round ever for a FinTech that operates exclusively in the continent. Small Business Banking. According to reports, Cellulant’s funding is the largest for an Africa-only FinTech. Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below.

Fintech 134

Fintech blockchain Analytics Capital 134

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. Below is a breakdown of all 300 sessions, less the demos and sales pitches.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

California 142

California FDIC Regional Taxes 142

PYMNTS

JUNE 27, 2019

In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. Around the Digital Banking World. Banks and payment players are adopting new technologies to keep customer data safe. In the U.K., The platform will launch in the U.S.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

NOVEMBER 3, 2020

It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. More consumers than ever are transacting online and leveraging digital banking services that pull data from multiple financial providers for more robust pictures of their spending or financial status.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

OCTOBER 18, 2020

One of them, PYMNTS reports, said the California-based company has been engaging in such practices for years and has affected upwards of 200 million individual accounts. Plaid has seen a number of class action lawsuits accusing it of selling information obtained from logins from millions of customers, without the practice being disclosed.

New Jersey 312

New Jersey California Software Branding 312

PYMNTS

JULY 28, 2019

The Brazil-based FinTech Nubank raised $400 million in a Series F round of funding led by TCV , making it the first major Latin American investment by the Menlo Park, California fund. . Nubank said it is the fastest-growing FinTech, having doubled its customer base since October 2018. “We

America 134

America Capital California Fintech 134

PYMNTS

DECEMBER 4, 2020

banking license in California. The FinTech is likely to apply for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within the next few weeks, people with inside information told CNBC. with interstate agreements, according to the unnamed source.

San Francisco 184

San Francisco California Cards Online 184

Independent Banker

OCTOBER 31, 2021

I’ll be at the annual meeting of the California Community Banking Network. And I’ll be speaking at the Banking & Finance Symposium at Ole Miss. For example, the accelerator has been structured to take concepts and transform them into fully viable solutions that participants can deliver directly to community banks.

Innovation Strategies 186

Innovation Strategies Strategy Innovation Community Bank 186

American Banker

JANUARY 17, 2020

The fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal.

California 41

California Regulation Fintech Digital Banking 41

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Webster noted that KYC and AML procedures aren’t governed by global standards.

Data 272

Data Innovation Fintech Illinois 272

Gonzobanker

FEBRUARY 23, 2022

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Fintechs in need of charters are prompting new banks to enter BaaS seeking a “white whale.”

Community Bank 133

Community Bank Strategy Risk Management Fintech 133

PYMNTS

FEBRUARY 13, 2020

In a sense, though, the clock may be ticking, because consumers expect that same level of personalization at every point of financial services and banking, regardless of the channel. Looking At Open Banking. Offering a continuum of digital banking services, of course, brings to mind the advent of Open Banking.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

AUGUST 17, 2017

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. Among the participating FinTechs are Payso, SnapCheck and Token. We see a harmony between digital capabilities and the branches,” he said.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

SEPTEMBER 26, 2019

California -based digital bank Mercury has announced it has raised $20 million in Series A funding that will be used to build a bank for startups.

Leadership 101

Leadership California Community Digital Banking 101

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. It creates a bit of a contradiction for the marijuana market: While companies can embrace innovation from the beginning, many are forced to rely on cash, shut out completely from digital banking tools.

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Taxes California Regulation Innovation 122

Chris Skinner

NOVEMBER 22, 2016

I’m a big fan of Kraken, the digital currency exchange in California, as it’s my main exchange for investing in digital assets. I’m also a fan of their blog, which regularly sends me interesting stuff and they’ve just launched … The post Which digital currency will win: bitcoin or ether?

Bitcoin 150

Bitcoin California Maine Digital Banking 150

Gonzobanker

MARCH 9, 2022

Fiserv had previously been recommending Finxact as the occasional digital bank core alternative to its traditional DNA, Premier, and Cleartouch core platforms. With a fast-growing, addressable market of fintechs, challenger banks, and BaaS players, Fiserv took a leap of faith to chase this market with a player it already knew.

Financial Technology 149

Financial Technology Technology Fintech Community 149

American Banker

JULY 7, 2023

California Bankers Association taps insider as next CEO, Spotify cuts off subscribers who use Apple's high-cost payments, Relay Payments backs auto-racing team and more in this week's banking news roundup.

California 36

California Apple Payments Digital Banking 36

PYMNTS

JUNE 22, 2017

New digital banking solutions are creating new options for these citizens to make a difference in the world through their consumer purchases. Aspiration markets itself as a digital-first financial firm that helps socially minded customers make a positive impact through products that make money and a difference at the same time.

Millennials 117

Millennials Digital Banking Survey Tools 117

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Bancorp for grabbing MUFG Union Bank. Best Fintech Acquisition by a Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

Fintech Labs Insights

MAY 19, 2016

Fintech deals by size from 23 April to 29 April 2016: Mosaic. HQ: Oakland, California. Digital banking company. HQ: Danville, California. HQ: San Francisco, California. HQ: Palo Alto, California. HQ: Los Angeles, California. HQ: San Francisco, California. HQ: Burlingame, California.

San Francisco 18

San Francisco Company Fintech California 18

Gonzobanker

JANUARY 17, 2020

In the soon to be released What’s Going On In Banking study, Cornerstone ’s Ron Shevlin shows that both bank and credit union execs are most fearful of big tech (Amazon Prime, Venmo, Apple Card) primarily because of their great data reach and ability to drive customer experience. Experian recently reported. The delay has been too long.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

Gonzobanker

DECEMBER 22, 2020

Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 times tangible book for the attractive geographic footprint of BBVA weeks before the COVID vaccine starts to ship should spell accretion and strong future strategic positioning for PNC, especially in Texas where a brain drain from California led by Elon Musk will continue.

Idaho 181

Idaho Community Industry Strategy 181

PYMNTS

JULY 24, 2020

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. It boasts more than 12 million customers.

San Francisco 255

San Francisco Fintech cryptocurrency New York 255

Fintech Labs Insights

AUGUST 20, 2015

Fintech funding records continue to fall. HQ: San Francisco, California. Marketplace lender and digital banking solutions provider. HQ: Goleta, California. HQ: San Francisco, California. HQ: San Mateo, California. HQ: San Francisco, California. Source: Bank Innovations. Source: Fortune.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

OCTOBER 1, 2015

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). student loans, the worldwide fintech total surpassed one billion ($1.254 billion to be precise) thanks to Paytm ($675 million), Avant ($325 million) and 17 others.

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

JANUARY 18, 2016

million to its digital banking platform. Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. Startup digital bank. HQ: San Francisco, California. HQ: San Francisco, California. HQ: Los Angeles, California.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

JUNE 16, 2016

Fintech deals by size from May 14 to 20, 2016: Clover Health. HQ: San Francisco, California. HQ: Redwood City, California. Digital investment advisor. HQ: San Francisco, California. HQ: San Francisco, California. HQ: San Francisco, California. HQ: San Francisco, California. Source: Crunchbase.

San Francisco 12

San Francisco Company South Carolina New York City 12

Fintech Labs Insights

SEPTEMBER 21, 2015

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. HQ: San Francisco, California. HQ: Marina Del Rey, California. HQ: San Mateo, California. Digital banking solutions.

New York City 12

New York City San Francisco Company Fintech 12

Fintech Labs Insights

JULY 3, 2015

headed for the beach, investors in the rest of the world unleashed a tsunami of cash into the fintech sector. billion in new fintech investments (not including Ant). HQ: Los Angeles, California. HQ: San Francisco, California. UK neo-bank startup. HQ: Palo Alto, California. As folks in the U.S. SimplyInsured.

Company 12

Company Fintech Los Angeles San Francisco 12