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).

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FDIC Capital National Regulation 78

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.

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PYMNTS

SEPTEMBER 29, 2020

This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. He added that the new partnership “will provide great benefit not only to banks and central infrastructures” but to merchants, their customers and financial technology companies (FinTechs).

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PYMNTS

SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. The round also included new investors BOND, DST Global, Goodwater Capital and Fin VC and Greenlight’s first institutional investor, Relay Ventures.

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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

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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

Bobsguide

JULY 21, 2022

LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth. He brings over 30 years of banking experience and was previously CEO of Scotia Capital in the US.

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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. On Monday (June 22), he was arrested on charges of misrepresenting Wirecard’s accounts and market manipulation. million) bail. .

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Bobsguide

MARCH 21, 2022

Devoted to continuous advanced technology research and product innovation, CompatibL is proud to be recognized as one of the world’s best providers of risk management solutions, advanced analytics, and model validation services that help capital markets organizations better understand and reduce financial risks.”.

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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). According to a report in CNBC citing Coinmarketcap.com, the market cap of bitcoin was at $98,194,458,586 overnight.

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PYMNTS

NOVEMBER 15, 2018

million Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. The investment funds will enable the Montreal-based startup to continue to deploy its patented solution in markets around the world, develop new product offerings and expand the company’s head count. “We

Mobile 199

Mobile Fintech Samsung Capital 199

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

San Francisco 239

San Francisco Fintech Digital Banking California 239

Bobsguide

JULY 21, 2022

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. A key aspect of the growth is the market dynamic that prefers multi-asset class trading and investment administration, simplifying front office operations, while meeting enterprise-wide best execution and financial control objectives.

New York 87

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PYMNTS

FEBRUARY 14, 2020

STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency. He used to work for new markets for Google in North Africa and the Middle East. Jakovljevic is set to start as a chief development officer in March.

Regional 222

Regional Google Financial Technology Capital 222

Chris Skinner

MAY 12, 2017

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. 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.

Regulation 255

Regulation Capital Fintech Innovation 255

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 ). LevelField Financial Inc.

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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.

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Fintech Capital Financial Technology Report 159

PYMNTS

DECEMBER 18, 2019

The company allows for solutions to some of the biggest problems when it comes to the SMB financing market. Late payments and lack of working capital, [and]/or inadequate cash flows, are the main challenges that [SMBs] face. The startup was founded by Osama AlRaee and Mohammed Jawabri. .

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Bank Innovation

JUNE 27, 2017

INV Fintech, this site’s sister accelerator, announced a partnership today with Shanghai-based JadeValue, an incubator and investment fund, to enhance financial technology startups in both the United States and China. INV, […].

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Fintech United States Financial Technology Technology 259

PYMNTS

AUGUST 4, 2020

The deal is part of the move toward market consolidation for FinTechs. According to Paya, the company has more than 100,000 customers and partners with software providers in markets that include B2B goods and services, healthcare, nonprofit and faith-based organizations, utilities and education. “As ” Betsy Z.

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Fintech Software Lending Financial Technology 159

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.,

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Fintech Taxes Compliance Capital 151

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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PYMNTS

OCTOBER 22, 2018

financial technology startup backed by Goldman Sachs , is expanding overseas. and the rest of Europe are attractive markets for Marqeta because of the growing number of digital-only banks and FinTech startups located in Europe. “We These FinTechs are acquiring more market share in the U.K. Marqeta , a U.S.

Las Vegas 142

Las Vegas Cards Conference Capital 142

Chris Skinner

JULY 18, 2017

That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology. What other global themes should investors be aware of when dealing with the cryptocurrency market?

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PYMNTS

JANUARY 21, 2020

Qonto intends to squeeze more out of its existing markets, improve and upgrade the offerings on its platform, and focus more on local needs. It also plans to hire more employees with the capital. Compliance startup Chainalysis landed $30 million in a funding round, and Open Financial Technologies raised $4.6 million.

Capital 131

Capital Digital Banking Compliance Mobile 131

Bobsguide

SEPTEMBER 22, 2022

IDC’s prestigious annual ranking highlights the leading companies in financial technology. Vendors on the elite list are recognized based on 2021 calendar year revenues attributed to financial services and fintech industries, and have demonstrated their commitment to their customers and the industry. “The

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Fintech Financial Technology Software Capital 74

PYMNTS

FEBRUARY 14, 2018

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted. reports noted.

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PYMNTS

MARCH 13, 2019

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. percent from 33.2

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Fintech Capital Online Financial Technology 123

PYMNTS

JANUARY 29, 2019

Financial technology startups were able to raise $39.57 The $105 million investment was led by Comcast Ventures and NBCUniversal and included participation by Bain Capital Ventures, BlackRock, TPG’s Rise Fund, DST and Michael Dell’s MSD Capital. The number of deals is also up from the 1,480 in 2017. In the U.S.

Fintech 184

Fintech Capital Financial Technology Report 184

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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PYMNTS

FEBRUARY 23, 2020

Credit Karma is currently backed by funders like private-equity firm Silver Lake and financial technology venture firm Ribbit Capital, and the acquisition would cap a rapid rise for the company.

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Chris Skinner

JULY 21, 2017

They are very different to banks and are collectively known as FinTech, financial technology start-up companies. This is why collectively they have seen investments from venture capital and other funds averaging $25 billion for the last four years, according to figures published by Ernst & Young.

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Fintech System Apple Technology 361

PYMNTS

FEBRUARY 19, 2019

Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. The report noted that banking systems embedded on mobile phones are popular in emerging markets, including in China, India and Kenya , driven in part by private-sector FinTechs.

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Fintech System Mobile Payments 173

Let's Talk Payments

JUNE 7, 2019

A growing number of new players in any industry is a sign of an expanding market and opportunities for innovators. Increasing access to capital, consumer awareness, and acceptance to new ways of managing finances and other ecosystem drivers have been attractive for entrepreneurs in 2018 as well. FinTech is not an exception here.

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PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 166

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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. billion in post-program capital and collaborate with Mastercard, major banks, merchants and other high-profile organizations,” Mastercard said.

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PYMNTS

JANUARY 30, 2017

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. By providing financial technology knowledge to early-stage companies, we are able to offer a unique and much-needed service. Nyca Partners isn’t the only one eyeing the FinTech market.

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Fintech Capital Lending Innovation 100