PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. They are also designed to kill the COVID-19 virus with ultraviolet (UV) lighting in the air ducts. The greatest concern is whether the U.S.

Innovation 209

Innovation New York City System Tools 209

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are.

Regulation 349

Regulation National System Industry 349

PYMNTS

MAY 8, 2020

The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief. A recent poll shows that 90 percent of small businesses have been negatively impacted by COVID-19.

Maine 142

Maine Groups San Francisco Lending 142

Bobsguide

FEBRUARY 22, 2022

BDB offers conventional and Islamic business finance services, venture capital and investment advisory to small and medium enterprises across multiple industries in the Kingdom of Bahrain. TCS BaNCS will enable BDB to launch new innovative products faster.

Innovation 78

Innovation Customer Experience Strategy Operations 78

PYMNTS

MARCH 2, 2020

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

NOVEMBER 24, 2020

InsurTech group Hippo Enterprises has announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company , a press release says. homeowners population in the next year, as well as providing additional capital for its insurance and reinsurance companies,” the release says. billion at that time.

Risk Management 174

Risk Management Capital Online Analytics 174

PYMNTS

JANUARY 21, 2020

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

Regional 250

Regional cryptocurrency System National 250

Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

Millennials 199

Millennials National Groups Cards 199

PYMNTS

APRIL 14, 2020

Arundel continued, “This partnership means that banks across North America will be able to take advantage of Currencycloud’s innovative FX and cross-border solutions.”. and BNP Paribas, in addition to SBI Group, were among the other investors. Siam Commercial Bank, the World Bank’s International Finance Corp.,

Regional 181

Regional Community Bank America Community 181

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Faster Payments Council Announces Board Advisory Group. Businesses Ready To Jump Into RTP. This week, the U.S.

Groups 252

Groups Payments Survey Data 252

PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. The network — and its more than 25 member banks — aims to unlock a potential $1.5 trillion opportunity in global trade finance, according to a press release.

America 148

America Capital National Groups 148

PYMNTS

MARCH 8, 2019

Wells Fargo Head of Innovation Lisa Frazier said at the event, according to the outlet, “There’s plenty of venture capital money in FinTech.” Frazier has also served as an advisor to the ANZ Banking Group and Citi FinTech.

Fintech 108

Fintech Innovation Groups National 108

PYMNTS

APRIL 2, 2020

PYMNTS rounds up the latest in commercial card innovation below. The tool offers financing for fleet owners to receive capital on loads they have delivered instead of waiting the traditional 30 days for customers to make payments. PayRange Accelerates Vending Machine Capital. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

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 The company has rolled out its service in the U.K.

Fintech 209

Fintech Payments Oregon Cards 209

Independent Banker

AUGUST 31, 2022

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. By Aileen McDonough. Assets: $9 billion.

Austin 91

Austin Texas Community National 91

PYMNTS

NOVEMBER 28, 2018

27), Deskera received the funding from Jungle, as well as Cisco Investments, Tembusu Partners, Susquehanna International Group and InnoVen Capital. Singapore has emerged as a hotbed for B2B FinTech, as government initiatives foster FinTech innovation in the market. According to The Business Times on Tuesday (Nov.

Fintech 139

Fintech Management Innovation Resources 139

PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. This week’s B2B venture capital roundup is quite indicative of these trends. According to KPMG’s U.S.

Fintech 192

Fintech San Francisco Capital Software 192

PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. We’re not a data company.

Community 269

Community Retail Strategy National 269

PYMNTS

JANUARY 26, 2018

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Capital Match. Alternative Lending.

Capital 135

Capital Lending Resources Oregon 135

PYMNTS

JANUARY 27, 2020

Siam Commercial Bank and BNP Paribas, as well as SoftBank’s spun-off SBI Group. The new investors were joined by existing investors including Nation Capital, Sapphire Ventures and Google’s venture arm known as GV. Other investors included World Bank’s International Finance Corp.,

Payments 130

Payments Fintech Software National 130

PYMNTS

MARCH 10, 2020

Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. It’s a self-perpetuating scenario that keeps barriers to capital in place. Asymmetric Information Exchange.

Data 193

Data Lending Capital social media 193

PYMNTS

SEPTEMBER 18, 2018

The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS). The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets.

Fintech 166

Fintech New York US National 166

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

FEBRUARY 2, 2021

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. and Sony Innovation Fund by IGV, as well as several existing investors, is promoting the adoption of account-to-account payment functionality.

Fintech 142

Fintech Miami National Data 142

PYMNTS

MAY 6, 2019

Ireland’s FinTech Umba has notched funding from two venture capital firms, Malaysia’s Maybank has implemented a SWIFT global payments innovation (gpi) service, and Wing ( Cambodia ) Limited Specialized Bank has teamed with Western Union to offer mobile digital international money transfers.

Cards 108

Cards Capital Mobile Security 108

PYMNTS

NOVEMBER 6, 2020

Millennials and Gen Z are among the groups that are most likely to have received instant payments. Apple is still the most valuable company in the nation, but it’s worth $430 billion less than it was two months ago – primarily, analysts say, because of concerns that the new iPhones arrived too late, per news on Nov.

Online 148

Online Payments Millennials Apple 148

PYMNTS

JANUARY 15, 2019

30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. Visa said Monday evening at a New York gathering in anticipation of the launch that events through a year-long campaign will include interactive workshops, tailored on a community-by-community basis. An inaugural Jan.

Atlanta 189

Atlanta New York social media Community 189

Independent Banker

JULY 31, 2022

While many banks are utilizing technology and trying to be innovative, they are doing so on an existing legacy structure that is too expensive, painful and ingrained in their culture to change.”. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.

Florida 91

Florida Community Bank Community FDIC 91

Bobsguide

JULY 28, 2022

As of June 2022, over 1,600 companies listed on the Prime Market of the TSE participate in the Platform, representing 87% of the companies in that market or 98% by market capitalization. After almost 18 years, the Platform has become a key part of the infrastructure of Japan’s capital markets. ” Digitizing and Streamlining.

Company 68

Company Meeting Capital Exercises 68

PYMNTS

DECEMBER 15, 2017

This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. Dawn Capital led the latest funding round, reports said, while Fourth Swedish National Pension Fund and other backers also participated.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

SEPTEMBER 22, 2020

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.

Philadelphia 206

Philadelphia Retail DC Detroit 206

PYMNTS

MARCH 6, 2019

By today’s standards, it looks anything like an innovative brand. But then, looks can be deceiving — 100 years ago, Corning Glass Works had just introduced a massive innovation into the lives of home cooks everywhere. At the conclusion of the deal, both firms will be owned by Cornell Capital, which bought Corelle in 2017.

Branding 108

Branding Millennials Innovation Marketing 108

PYMNTS

AUGUST 25, 2016

With the new capital in place, SelfScore’s total funding reached over $15 million. government to verify their identities and their ability to pay for their studies, these students are often overlooked by national credit bureaus. National credit bureaus and scores like FICO are leaving people out of the credit system.

National 100

National California Cards Analytics 100

PYMNTS

JULY 29, 2016

The financing was co-led by WI Harper Group and Idea Bulb Ventures and includes participation from Learn Capital, Charles River Ventures, Madrona Venture Group and TCL. million from investors, including Madrona Venture Group, Maven Ventures, WI Harper Group and others, according to Reuters.

Groups 100

Groups California US Course 100

PYMNTS

JULY 21, 2020

The National Restaurant Association recently reported that the industry lost $120 billion during the pandemic’s first three months and that these losses could total $240 billion by the end of the year. Sales rose somewhat in May, but the trade group said many restaurants are still losing money and considering shutting down.

Mobile 143

Mobile Tampa Study Florida 143

PYMNTS

FEBRUARY 20, 2017

Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web. Politics: Global … And Local … When It Comes To Commerce And Innovation? Evans, economist and founder at Global Economics Group. Check out Innovation Project 2017.

Fraud 102

Fraud Innovation US National 102

Gonzobanker

FEBRUARY 1, 2024

Our just-released What’s Going On In Banking 2024 research authored by Ron Shevlin reveals that cost of funds is the top concern for 70% of banks and credit unions this year, and deposit gathering was in the top four for half of both groups. Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives.

Conference 88

Conference FDIC Arizona Industry 88