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. billion in nearly 400 deals.

Capital 210

Capital Financial Technology Fintech Technology 210

PYMNTS

FEBRUARY 16, 2020

SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms. . “We In addition, it will continue direct investments in venture capital firms. In 2019, Softbank invested $130 million in Kaszek Ventures and bought a $100 million stake in Valor Capital Group.

Fintech 174

Fintech America Regional Capital 174

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

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

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ).

Fintech 103

Fintech Software Illinois Lending 103

Chris Skinner

MAY 12, 2017

He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal. BRR: How critical are the capital requirements? We are seeing big changes to encourage innovation.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

DECEMBER 18, 2019

Late payments and lack of working capital, [and]/or inadequate cash flows, are the main challenges that [SMBs] face. Lendo is backed by three venture capital firms in the Middle East, as well as a group of angel investors in the area. The startup was founded by Osama AlRaee and Mohammed Jawabri. .

Capital 131

Capital Maine Lending Financial Technology 131

PYMNTS

MAY 29, 2018

Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Rocket Internet owns majority stakes in HelloFresh and Global Fashion Group.

Fintech 122

Fintech Groups Capital America 122

PYMNTS

FEBRUARY 14, 2018

Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd., reports noted.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. Citing data from PitchBook, Reuters reported venture capital financing of Canadian FinTechs was $137.7 million in 2016.

Fintech 159

Fintech Capital Financial Technology Report 159

PYMNTS

MARCH 7, 2019

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. bPass enables financial firms to tap Ant’s product management, asset management capital verification and full-link pressure test.

Technology 198

Technology Financial Technology Management Capital 198

PYMNTS

DECEMBER 14, 2018

million in venture capital funding from Goldman Sachs , JPMorgan Chase , Citigroup and Credit Suisse. These errors are usually handled manually through numerous phone calls and emails between firms, but the startup’s technology aims to reduce the time and resources needed by helping FIs communicate with each other.

Fintech 135

Fintech Resources Capital Financial Technology 135

PYMNTS

NOVEMBER 15, 2018

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). He pointed to Ripple’s recent deal to partner with CIMB Group of Malaysia as one example. billion, versus Ether’s $18.26

Bitcoin 134

Bitcoin cryptocurrency Marketing Capital 134

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). Open Financial Technologies. India’s Open Financial Technologies raised $4.6 OakNorth operates in the U.K. Starling Bank.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Payments Source

SEPTEMBER 27, 2016

Aquiline Capital Partners, a New York-based private equity firm focused on investing in financial services and financial technology companies, announced Tuesday the creation of a new holding company that will acquire businesses focused on developing software used to manage and collect payments from groups and organizations.

New York 60

New York Payments Financial Technology Software 60

Bank Innovation

JANUARY 17, 2018

London bank Standard Chartered has created an investment unit for financial technologies and innovation, the bank reported today. Under the heading ‘SC Ventures,’ the unit will focus on the bank’s existing “minority investments in fintech,” as reported by Reuters, while also searching for new fintech investments.

Fintech 249

Fintech Financial Technology Innovation Report 249

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. The company recently announced $7.7

Fintech 209

Fintech Payments Oregon Cards 209

PYMNTS

AUGUST 8, 2019

Rapid changes in financial technology are reshaping the future of the global banking industry, especially here in China, which is home to some of the world’s most established companies leading the way in areas like artificial intelligence and Big Data,” said Standard Chartered Bank China CEO Jerry Zhang in a statement.

Innovation 100

Innovation San Francisco Leadership Big Data 100

PYMNTS

JANUARY 16, 2020

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. Other investors include Alibaba affiliate Ant Financial Services Group, which will invest $125 million and will “accelerate strategic collaboration with the company.”.

Payments 100

Payments Taxes Groups Fintech 100

Gonzobanker

AUGUST 17, 2022

Loan origination provider Meridianlink acquired small business lending provider Streetshares Compliance, risk, and lending solutions provider Abrigo announced that it acquired BankLabs’ Construct and +Pay loan admin and funding solutions Big tech Apple quietly acquired consumer credit decisioning software provider Credit Kudos Consumer lending and (..)

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Training 167

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

Management 113

Management Payments Innovation Technology 113

PYMNTS

DECEMBER 9, 2019

Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. percent through 2028, according to Boston Consulting Group. This latest fundraising could top $300 million. AvidXchange previously raised $300 million in 2017 at a $1.4

North Carolina 130

North Carolina Nashville Charlotte Boston 130

PYMNTS

AUGUST 7, 2018

“Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., national co-lead partner, venture capital practice. “At with the several top deals in Q2 going to seed or early stage companies,” stated a KPMG executive, Brian Hughes, U.S.

Fintech 101

Fintech National Course Capital 101

PYMNTS

OCTOBER 21, 2016

The distributed ledger technology developed by Ripple is now at trial phase among FinTech innovation group R3 and 12 of its member financial institutions, as the collaborators look to an alternative to traditional interbank global payments. According to the R3 consortium, this practice essentially forces banks to trap capital.

Payments 100

Payments blockchain Financial Technology Technology 100

American Banker

SEPTEMBER 27, 2016

Aquiline Capital Partners, a New York-based private equity firm focused on investing in financial services and financial technology companies, announced Tuesday the creation of a new holding company that will acquire businesses focused on developing software used to manage and collect payments from groups and organizations.

New York 28

New York Payments Financial Technology Software 28

FICO

SEPTEMBER 30, 2022

Neeti Aggarwal manages the financial technology and innovation research at The Asian Banker. With over 19 years’ experience, she specializes in banking, technology and fintech developments across Asia Pacific, Middle East and Africa. Michal Lodej, group editor, Shard Financial Media.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

APRIL 27, 2016

An India-based financial technology startup that targets SMEs has announced new funding from a group of backers, including one co-founder of payments giant PayPal. ClearTax announced Tuesday (April 26) a $1.3

Fintech 100

Fintech Taxes Mobile Analysis 100

PYMNTS

MAY 28, 2018

Take the latest example: Ant Financial Services Group on Wednesday (May 23) announced it would partner with China Everbright Bank and its FinTech subsidiary to “facilitate China Everbright Bank’s digital transformation,” Ant said in a press release. Late last year, Joseph Otting, the U.S.

Fintech 100

Fintech Examples Pennsylvania Lending 100

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Qualifying top five venture capital investors (e.g. venture capital, growth equity, and super angel) and corporates (e.g. Capital markets. digital collectibles”).

Fintech 93

Fintech Marketing US Technology 93

CB Insights

APRIL 22, 2020

Unlike larger, more established firms, they have small cash buffers and depend on external capital to sustain growth. The pandemic has highlighted the critical need for the government to embrace financial technology. During economic downturns, small- and medium-sized businesses (SMBs) are typically hit the hardest.

Fintech 87

Fintech Lending Online Examples 87

PYMNTS

AUGUST 19, 2016

Japan’s Financial Services Agency (FSA) announced its own plan to boost the FinTech market by making it easier for companies to collaborate with the financial technology industry. According to Reuters, the decision could enable the flow of capital on an estimated $9 trillion in cash deposits.

Fintech 100

Fintech Mobile Guidelines System 100

PYMNTS

JANUARY 27, 2021

Tat Capital Debuts Value-Add For Corporate Cards. Tat Capital launched a new solution in Australia aimed to help small- to medium-sized businesses (SMBs) make use of the credit lines available via their corporate cards in new ways. Peoples Trust Secures CDIC Insurance For Payroll Cards.

Cards 237

Cards Capital Security Compliance 237

Fintech Labs Insights

AUGUST 14, 2014

In case you''re curious, here is a small sample of the great organizations already committed to attend: Adobe American Express Bain Capital Bank of America Bank of Ireland Bank of Montreal Barclays BBVA Compass C1 Bank Capital One CIBC Citi Citi Ventures Discover Equifax Everbank Experian FIS Global Forbes.

St. Louis 25

St. Louis San Francisco New York Capital 25

PYMNTS

JANUARY 26, 2017

Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. The centrally located city, which is globally recognized as a hub for European, African and Asian business, is placing its focus on boosting its status as a FinTech capital of the world.

Fintech 100

Fintech Regional Innovation Leadership 100

Fintech Labs Insights

SEPTEMBER 16, 2014

Forbes Fortune FTV Capital Gartner Goldman Sachs IBM Intuit Jack Henry JP Morgan Chase KPMG Liberty Mutual MassMutual MasterCard MACU New York Life Nordea Oliver Wyman Paypal Polaris Partners Primerica PwC QED Investors RBC Regions Bank Rockland Trust.

St. Louis 20

St. Louis San Francisco New York Capital 20

Fintech Labs Insights

MAY 26, 2017

Earlier this month Fenergo announced a deal to deploy its Client Lifecycle Management technology with HSBC Group. And in March, the company partnered with BBVA, Spain’s second largest bank and a widely-known, eager adopter of innovative financial technologies.

Management 17

Management Innovation Compliance Capital 17