Bank Innovation

NOVEMBER 14, 2017

The finance landscape is witnessing some significant changes and disruptions due to fintech companies, blockchain technology, and AI. Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups.

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PYMNTS

FEBRUARY 13, 2019

South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. In other news, Chainalysis , a crypto transaction analysis startup, announced that it has raised $30 million in Series B funding, led by venture capital (VC) firm Accel.

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blockchain Fintech Bitcoin cryptocurrency 128

Bank Innovation

NOVEMBER 16, 2018

Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

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Innovation Technology Google Compliance 150

Bank Innovation

NOVEMBER 16, 2018

Innovation is expensive. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

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Innovation Technology Google Compliance 150

Bank Innovation

MARCH 9, 2018

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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San Francisco Fintech Innovation Technology 276

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025.

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cryptocurrency blockchain Industry Technology 135

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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blockchain Fintech Capital Innovation 278

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. iZettle is […].

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Bank Innovation

FEBRUARY 13, 2018

For all buzz around cryptocurrency and blockchain technology, surprisingly, the top U.S. banks when it comes to fintech investment is personal finance, according to a report by CB Insights. […]. banks have not been investing as much in these areas as much as one might have thought. The top areas of interest for the major U.S.

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Fintech cryptocurrency blockchain Technology 186

Bank Innovation

JANUARY 24, 2019

INV Fintech, the technology accelerator run in partnership with Fiserv, has opened its Demo Day event to financial institution executives attending Bank Innovation Ignite. Previously, only INV Fintech members were permitted to attend Demo Day on March 11 in Seattle.

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Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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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.

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Bank Innovation

DECEMBER 6, 2017

INV Fintech, the sister accelerator to this site, announced its fourth class of startups today. Here are the five companies of Class 4 of INV Fintech: Bloxable: Bloxable provides decentralized solutions for lending origination and the securitization of mortgages […].

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PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type.

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Washington Regulation Conference Fintech 101

Bank Innovation

JULY 14, 2017

Fast growing alternative banking app Revolut confirmed this week that it had raised $66 million in a Series B Round, and said it would be adding cryptocurrency trading and a new wealth product. As Bank Innovation reported earlier this month, the London-based startup was on pace for a big fund raise. In a news release, […].

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cryptocurrency Bitcoin Fintech Innovation 210

Bank Innovation

JANUARY 2, 2019

Then there is also the possible revival of older trends (hint: cryptocurrency could be […]. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

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Trends Fintech cryptocurrency Payments 218

PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation. Just yesterday , U.S.

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Payments social media cryptocurrency System 182

PYMNTS

JANUARY 19, 2018

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. But a lesser-discussed market grabbed the largest investment of the week: logistics. Blockchain. Data Nerds. Cybersecurity.

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Capital blockchain Big Data Data 118

Bank Innovation

MARCH 11, 2019

Fintech funding is significantly on the rise. CB Insights' 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. Here are three noteworthy investments from the past week that caught Bank Innovation’s attention: 1: Chime Raises $200 […].

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Fintech Report Capital cryptocurrency 199

PYMNTS

FEBRUARY 14, 2020

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). He said that there had to be a balancing act — the tech should be allowed to move forward and innovate. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. In the U.S.,

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PYMNTS

SEPTEMBER 13, 2019

The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday (Sept. As part of the deal, Northmill must maintain a capital minimum of €5 million. There is a number of cloud-operated FinTechs offering the same services as Northmill.

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cryptocurrency Fintech Innovation Operations 156

PYMNTS

MARCH 19, 2020

Thai FinTech firm DeeMoney is teaming with enterprise blockchain solution Ripple to facilitate quicker and less expensive cross-border money transfers, according to an announcement. DeeMoney is using RippleNet to process inbound payments coming into Thailand as of now, and it is the first non-bank institution in the country to use RippleNet.

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Bank Innovation

MARCH 22, 2018

EXCLUSIVE— With cryptocurrencies losing their luster in the public — and the regulatory — eye, some in financial services still remain bullish on the currency even as its value falls. The social media/fintech executive made headlines in the crypto world.Read More.

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social media Bitcoin cryptocurrency Fintech 259

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Chainalysis.

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CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. In the introduction to the RFI, the FHFA noted President Biden’s March 2022 executive order.

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Financial Technology Technology Fintech Compliance 78

Bankelele

JUNE 29, 2017

Kenya’s Capital Markets Authority (CMA) has proposed rules to create a regulatory fintech sandbox for innovations which do not fit within the country’s current financial regulatory framework. The post Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech appeared first on Bankelele.

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Bitcoin Fintech cryptocurrency blockchain 63

Bank Innovation

AUGUST 3, 2018

In fact, a new report showed that technology company IBM has five times more fintech patents than the world’s 15 largest banks combined. Many large banks describe themselves as equal parts technology firms as they are financial services companies, but then shouldn’t they have relevant patents backing that notion? Well, they don’t.

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Fintech Technology Report Company 186

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. That’s enough to send normal people into the fetal position.

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PYMNTS

SEPTEMBER 1, 2017

Don’t let the lack of news about mega-grossing venture capital (VC) rounds fool you. This week’s B2B venture capital activity led to an impressive $141.2 and Asia, and PYMNTS lined up all the B2B FinTechs that recently scored fresh funding. VC activity was especially high across the U.S. TravelBank.

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PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Blockchain.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. Around The Digital Identity Landscape .

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PYMNTS

NOVEMBER 23, 2017

22) on the sidelines of a financial innovation conference hosted by Thomson Reuters. While other countries are warning against cryptocurrency and initial coin offerings (ICOs), Japan has been embracing digital currency and has become a leader in the FinTech market. It’s too far off,” he said, in an interview with Reuters.

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Bitcoin cryptocurrency blockchain Training 101

Bank Innovation

NOVEMBER 14, 2017

With one new unicorn and steady VC- backed deals amounting to $4 billion globally, Q3 2017 has been another positive quarter for the fintech industry. According to a CBInsights Report released earlier this month, Q3 saw 278 VC-backed deals equaling $4 billion globally, compared to $2.6 billion in the same quarter last year.

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Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

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Arizona Kansas City Industry Phoenix 147

Bussman Advisory

FEBRUARY 21, 2018

There should be no doubt by now that initial coin offerings – token sale fundraisings by startups – have established themselves as new and very compelling forms of capital raising. This has begun to disrupt above all the traditional venture capital model by providing a compelling alternative fundraising mechanism for startups.

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Bank Innovation

MARCH 29, 2018

In fact, all four panelists on “Where and How to Invest in Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. Like many others, venture capitalists are skeptical about investing in Initial Coin Offerings (ICOs). ICOs are rapidly falling in popularity.

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PYMNTS

OCTOBER 8, 2020

8) announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. The service “lowers both the cost of holding trapped capital and operational costs associated with sending cross-border payments,” Ripple wrote in the announcement.

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