Bank Innovation

AUGUST 27, 2018

In the second quarter alone, funding for financial technology companies around the world reached $20.3 Right now, venture capital firms, banks, and investors are pouring funds into companies Artifical Intelligence, the clear flavor of the year. Fintech funding this year has been on the rise.

Capital 210

Capital Financial Technology Fintech Technology 210

PYMNTS

JANUARY 26, 2020

Alcanza Capital and Bontu. As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says.

Fintech 247

Fintech America Capital Regional 247

Bank Innovation

AUGUST 14, 2019

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. European fintech companies raised $3.3 billion in venture capital in the first […]. billion valuation.

Fintech 170

Fintech Financial Technology Capital Online 170

PYMNTS

SEPTEMBER 16, 2016

” Existing Ripple investors include GV (Google Ventures), Andreessen Horowitz, IDG Capital Partners and Jerry Yang’s AME Cloud Ventures. In conjunction with the fundraising, the company announced several new banks have joined its global network. Ripple has received a total of over $93 million in funding.

Capital 100

Capital blockchain Google Compliance 100

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

OCTOBER 6, 2020

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". SPACs began to trend upward later in the summer as companies looked to save time and money. IPOs had fallen after the initial onset of the pandemic.

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Los Angeles New York Financial Technology Trends 294

PYMNTS

FEBRUARY 16, 2020

SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms. . “We SoftBank has put money into the delivery startup Rappi in Colombia; Gympass , a Brazilian fitness company; and the FinTech Uala , based in Argentina.

Fintech 174

Fintech America Regional Capital 174

PYMNTS

OCTOBER 9, 2020

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. It also plans to invest in companies where technology is a clear differentiator.

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San Francisco Capital United States Big Data 196

PYMNTS

SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. The investment and its associated valuation put the company's total value in excess of $1.2 billion, according to a company blog post.

Atlanta 140

Atlanta Leadership Financial Technology Capital 140

PYMNTS

AUGUST 11, 2020

The company posted a total loss of $139.6 Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. million (£106.5 million) in 2019 — up from £32.9

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

FEBRUARY 14, 2020

STC Pay, a digital wallet that is part of the Saudi Telecom Company, has teamed up with payments company Moven Enterprise to launch a new challenger bank in the country, according to reports. STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency.

Regional 222

Regional Google Financial Technology Capital 222

PYMNTS

SEPTEMBER 4, 2019

Financial technology company FastPay has announced it is creating a “receivables securitization program” with an $80 million first tranche. It has partnered with AIG and Cairn Capital, which will offer large amounts of capital to the media and technology sector. But it’s not unusual to see.

Capital 109

Capital Industry Technology Financial Technology 109

The Paypers

AUGUST 31, 2023

Uplinq Financial Technologies has announced its partnership with Visa in order to expand access to working capital for small companies in the US and Canada.

Financial Technology 41

Financial Technology Capital US Technology 41

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

NOVEMBER 17, 2020

Embedded finance, the release noted, refers to the integration of financial service technologies with other provider solutions. The method will grow tenfold in the next five years, the release stated, citing a Lightyear Capital analysis, as businesses look for ways to access simple, transparent business solutions.

Tools 167

Tools Capital Analysis Financial Technology 167

PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

OCTOBER 3, 2019

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. Even before customers think about credit cards, they need a place to store their business capital. percent or more as well as Brex reward points.

Capital 143

Capital Software System Cards 143

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

SEPTEMBER 29, 2020

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. ACI is a payment-systems company headquartered in Naples, Fla.

Payments 248

Payments System cryptocurrency Regional 248

Chris Skinner

JULY 21, 2017

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks. It is almost like banking in an apps store.

Fintech 361

Fintech System Apple Technology 361

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Jack Henry expanded its partnership with SMA Technologies.

Fintech 103

Fintech Software Illinois Lending 103

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs). Interest rate limits.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

NOVEMBER 23, 2020

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. SEEDS Capital , the investment arm of Enterprise Singapore , led the funding round, which also included MI8 Ltd.,

Fintech 151

Fintech Taxes Compliance Capital 151

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Buyers, meanwhile, optimize working capital by extending days payable outstanding, with a financier stepping in to pay the invoice.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

FEBRUARY 23, 2020

Credit Karma, currently a privately-held company, could find itself owned by Intuit by Monday, officials said, unless the deal falls apart. Users also receive offers from companies for credit cards and loans, tailored to their credit history. The company makes money when users use those products.

Report 180

Report Taxes Online Financial Technology 180

The Paypers

AUGUST 4, 2023

Petal , a US-based credit card and financial technology company, has announced closing a USD 200 million debt facility from Victory Park Capital as well as raising additional debt and equity funding.

Financial Technology 36

Financial Technology Capital US Cards 36

PYMNTS

SEPTEMBER 16, 2020

To assist companies in following Goods and Services Tax (GST) rules in India, Avalara, Inc. The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. has debuted its Avalara India GST e-Invoicing product.

Taxes 163

Taxes Compliance Software Resources 163

Chris Skinner

MAY 12, 2017

He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga. Chris has been voted one of the most influential people in banking by The Financial Brand. BRR: How critical are the capital requirements?

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

AUGUST 4, 2020

Paya , an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. The combined company will be known as Paya and will be listed on the NASDAQ as “PAYA.”. III , which is a special-purpose acquisition company. The deal values Paya at about $1.3

Fintech 159

Fintech Software Lending Financial Technology 159

PYMNTS

JUNE 26, 2020

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported. Wirecard’s rapid fall has rocked the EU. This is certainly something that requires investigation,” Dombrovskis said. “As

Regulation 152

Regulation Capital Policies Course 152

PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

Fintech 163

Fintech Innovation cryptocurrency blockchain 163

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Bank Innovation

JANUARY 17, 2018

London bank Standard Chartered has created an investment unit for financial technologies and innovation, the bank reported today. The bank’s current fintech investments include companies such as […].

Fintech 249

Fintech Financial Technology Innovation Report 249

PYMNTS

DECEMBER 16, 2020

Digital payment solution provider Veem unveiled central improvements to its routing technology inside of the country and abroad, according to a Wednesday (Dec. Our multi-rail technology is a game changer, offering an unprecedented level of security, speed and service to small business owners,” Veem CEO Marwan Forzley said in the announcement.

Payments 150

Payments blockchain Resources Technology 150

PYMNTS

JANUARY 21, 2020

So far, Qonto has worked with about 65,000 companies in the past two and a half years. It also plans to hire more employees with the capital. At the time, the company said that business customers could access its digital and mobile services for a fee. billion USD) in transaction volume last year. . million.

Capital 131

Capital Digital Banking Compliance Mobile 131

PYMNTS

JANUARY 13, 2021

Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 billion transactions annually.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

DECEMBER 18, 2019

The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices. The company allows for solutions to some of the biggest problems when it comes to the SMB financing market. The startup was founded by Osama AlRaee and Mohammed Jawabri. .

Capital 131

Capital Maine Lending Financial Technology 131