PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

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Capital Payments Software Fintech 199

Payments Source

FEBRUARY 3, 2021

Ant Group and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks.

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Regulation Groups Capital Fintech 128

Payments Source

OCTOBER 22, 2018

The Bank of Lithuania is positioning the country’s capital Vilnius as a hub for payments-related fintechs wanting to enter the European market — a move that's timed to take advantage of the uncertainty Brexit has cast over London's claim to the title.

Capital 145

Capital Fintech Marketing Payments 145

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. Wonderful” O’ Leary, and of course Tom and Gisele. What’s Next?

Regulation 179

Regulation blockchain Marketing Strategy 179

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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Fintech How To Innovation System 195

PYMNTS

DECEMBER 11, 2020

A new funding round for the Stockholm-based FinTech Tink boosted the startup’s valuation over 60 percent to €680 million ($825 million), according to a CNBC report on Friday (Dec. The new funding round of €85 million was co-led by French private equity firm Eurazeo and Dawn Capital. Tech-friendly banking regulations in the U.K.

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Fintech Capital Data Regulation 216

PYMNTS

OCTOBER 8, 2020

Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 In addition, Monese adopted Thought Machine’s cloud banking platform. Europe and South Africa.

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Innovation Technology Fintech Payments 301

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). Much is at stake when it comes to the country’s FinTech businesses. The sector has an estimated worth of 7 billion pounds ($8.9

Fintech 174

Fintech Ohio Financial Technology Innovation 174

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today. Does this matter?

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Strategy Fintech Regional Technology 271

PYMNTS

OCTOBER 27, 2020

Multinational investment bank UBS has launched the UBS Next platform in order to help invest in FinTechs and the "broader tech ecosystem," according to a press release. UBS Next will pursue direct investments in early stage FinTechs and other such companies.

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Fintech Groups Innovation Operations 175

PYMNTS

NOVEMBER 10, 2020

The FinTech also has eCurrency licenses in Lithuania and the U.K. The new license from Ireland’s financial services regulator will enable SumUp to offer its services across 26 European countries. SumUp’s Dublin office is poised for growth and will become the central regulated location for the firm’s business across the EU.

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Fintech Regulation Cards Google 245

PYMNTS

FEBRUARY 10, 2020

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. regulators, including the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Thus far, the regulators have not raised any red flags.”.

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Fintech cryptocurrency Bitcoin Regulation 205

PYMNTS

DECEMBER 9, 2020

India-based digital lender startup Capital Float witnessed a multitude of benefits from implementing video-based KYC to help onboard its small- to medium-sized business (SMB) clients. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

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Video Capital Lending Security 175

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

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Fintech Regional Fraud Meeting 174

PYMNTS

JUNE 7, 2019

Europe’s Financial Stability Board ( FSB ) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. Reuters , citing the regulator, reported it found the negative impact on small business lending was short in nature, and that there is no need to change the rule.

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Capital Lending Regulation Meeting 108

American Banker

DECEMBER 22, 2023

Bank investor Kenneth Lehman and investment firm Castle Creek are providing the funds to the Virginia-based bank, whose fintech friendly strategy has gotten it in trouble with regulators. The bank's stock has sunk 70% this year.

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Virginia Capital Strategy Regulation 74

PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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Capital America blockchain Regulation 150

PYMNTS

JANUARY 11, 2021

financial services license, while Capital One has agreed to join Fiserv’s surcharge-free MoneyPass ATM network. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Capital One Joins Fiserv’s MoneyPass ATM Network. Plus, the Reserve Bank of New Zealand revealed on Sunday (Jan.

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ATM Capital Digital Banking National 145

Bank Innovation

MARCH 30, 2018

Melbourne-based challenger bank Judo Capital will be focusing its efforts on small business banking in Australia, according to banking plans unveiled by the challenger yesterday.

Capital 199

Capital National Regulation Online 199

PYMNTS

NOVEMBER 25, 2019

MiddleGame Ventures has launched a new €150MM fund targeting FinTech investments in Europe and North America. We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund.

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Fintech America Innovation Industry 141

PYMNTS

AUGUST 21, 2019

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts.

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Fintech Guidelines Policies Regulation 174

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Crypto Conference.

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cryptocurrency Regulation Conference Taxes 472

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. That comes as Open Banking bowed in Europe last month.

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Washington Regulation Conference Fintech 101

PYMNTS

JUNE 7, 2019

Europe’s Financial Stability Board said Friday (June 7) that higher bank capital requirements put on the books during the financial crisis will remain. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace. In January the U.K. In January the U.K.

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Capital Lending Regulation Meeting 100

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant?

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Regulation Compliance Capital Resources 108

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. More Focus on P2P Lending.

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Fintech Lending Regional Regulation 144

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. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

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Lending Fintech Data Wyoming 150

PYMNTS

NOVEMBER 9, 2020

FinTech Tide withdrew from the program citing inadequate funding, according to a report in The Guardian. . The FinTech lender Tide is scrambling to secure the funding necessary to offer BBL top-ups to its customers. The FinTech doesn’t qualify for the Bank of England’s term funding scheme aimed at small business lending.

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Fintech Lending Digital Banking Capital 177

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). As previously reported, Saudi Arabia has trained sights on FinTech as well, specifically in Riyadh.

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Fintech Guidelines Mobile Training 167

PYMNTS

MARCH 31, 2020

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. It has raised $20 million to date with August One and SEEDS Capital, among others. Financial details of the acquisition were not disclosed.

Fintech 168

Fintech Regional Security Lending 168

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

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Capital Compliance Report Software 116

PYMNTS

NOVEMBER 12, 2020

Visa Unveils FinTech Partnership Program In Europe. FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Plus, Railsbank has closed a $37 million funding deal.

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Payments Fintech Exercises Risk Management 142

PYMNTS

JANUARY 15, 2019

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? As has been reported, the regulators include the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.,

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Fintech St. Louis System Regulation 148

Bank Innovation

SEPTEMBER 21, 2017

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today.

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Fintech Guidelines Capital Marketing 249

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

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Data Fintech Cards Software 161

Chris Skinner

FEBRUARY 8, 2017

Innovate Finance, which represents 300 UK fintech companies, says venture capital investment fell from $1.2bn (£970m) in 2015, to $783m last year. There were 1,436 fintech deals globally, attracting $17.4bn in investment, Innovate Finance says, with China outpacing the US for the first time. But globally, investment rose 10.9%.

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Fintech Capital Innovation US 150

Bank Innovation

MARCH 19, 2020

How will banking and fintech business models be impacted by this unprecedented coronavirus pandemic? For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. How will banks and startups work together?

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Meeting Fintech Innovation Customer Experience 293