PYMNTS

OCTOBER 25, 2019

Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. As part of its rebrand , blockchain payments firm BitPesa is now AZA Group.

Capital 101

Capital Fintech blockchain Management 101

CB Insights

MAY 6, 2021

LoanSnap , a provider of personalized mortgage loans, has raised $30M in Series B with participation from True Ventures, Baseline Ventures, Virgin Group, and Mantis Venture Capital, among others. The post Virgin Group-Backed LoanSnap Raises $30M To Develop Its AI-Based Smart Loan Technology appeared first on CB Insights Research.

Groups 43

Groups Technology California National 43

PYMNTS

APRIL 13, 2017

Wirecard announced Wednesday (April 12) that it is now collaborating with the National Bank of Greece (NBG) and is integrating Alipay into the technical infrastructure of Greece’s largest bank as a new payment method. Tourists are one of the most important target groups for Greek merchants.

National 100

National Groups Mobile Payments 100

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov. and John Flemming, Carpenter & Co.’s

New York 100

New York National FDIC Lending 100

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. At the same time, their fundamental view of credit is consistent with the bank’s philosophy.”

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

FEBRUARY 16, 2020

SoftBank has so far earmarked $100 million to $150 million to fund 17 companies and two venture capital firms. . “We Freire added that Argentina, Brazil, Chile, Colombia and Mexico “are in the spotlight,” and there’s no “preset amount by nation.”. In addition, it will continue direct investments in venture capital firms.

Fintech 174

Fintech America Regional Capital 174

PYMNTS

JANUARY 11, 2019

Beyond Megvii, artificial intelligence (AI) startup SenseTime Group Ltd. That company, which provides technology for facial recognition to clients in sectors like retail and government, is reportedly in talks to raise roughly $2 billion. Megvii offers face-scanning systems to companies like Ant Financial and Lenovo Group Ltd.

Capital 142

Capital National Groups Policies 142

PYMNTS

OCTOBER 21, 2019

Hainan Golden Technology Co. Shenzhen Capital Group Co., and China Finance Fund — as well as existing investors Hillhouse Capital, Wanda Group, Prometheus Capital and IDG Capital — all participated in the funding round. Shenzhen Capital Group Co., CDH Investments, China Investment Corp.

blockchain 100

blockchain Metro Capital Groups 100

PYMNTS

JULY 24, 2018

the developer of facial recognition system Face++ , is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. Megvii provides face-scanning systems to companies including Lenovo Group Ltd. Other investors include Foxconn Technology Group , CCB International Holdings Ltd., Megvii Inc.,

Capital 100

Capital National Groups Maine 100

PYMNTS

AUGUST 20, 2020

Faster Payments Council Announces Board Advisory Group. Among the FPC Board Advisory Group’s members are Michael Sklow of Goldman Sachs, Judy Nguyen of American Express, Bridget Hall with ACI Worldwide and Connie Theien of the Federal Reserve. This week, the U.S. ” AscendantFX Eyes Payment Tracking With gpi.

Groups 252

Groups Payments Survey Data 252

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

JULY 30, 2019

Ordermark announced that it has raised $18 million in a Series B funding round led by Boulder-based Foundry Group. All of Ordermark’s previous investors participated in the new round, including TenOneTen Ventures, Vertical Venture Partners, Mucker Capital, Act One Ventures, and Nosara Capital.

Groups 108

Groups Capital System Innovation 108

PYMNTS

APRIL 14, 2020

Derivative Path Co-founder and Co-CEO Pradeep Bhatia said in the announcement, “This joint effort will help us leverage our technology capabilities, global infrastructure, and subject matter expertise, to offer banks a platform to manage their FX and payments, a growing need in an underserved space.

Regional 181

Regional Community Bank America Community 181

PYMNTS

JUNE 5, 2020

billion, and private equity groups KKR, Vista Equity Partners, Silver Lake and General Atlantic have also invested in Jio. The Mubadala investment brings the total amount of capital invested in Jio Platforms to roughly $11 billion. billion, is working to match more technologically advanced nations.

Industry 131

Industry Capital Groups Google 131

PYMNTS

DECEMBER 17, 2019

Domio , a startup that designs and rents apartment hotels, has raised $100 million in funding to expand both nationally and globally to 25 markets by 2020, according to reports on Tuesday (Dec. The company’s Series B round was led by GGV Capital. The funding round closed in late summer.

Marketing 101

Marketing Millennials Capital New York 101

PYMNTS

JANUARY 5, 2020

One Medical , a conglomerate of technology-driven primary care offices backed by Google’s Alphabet , has filed an initial public offering (IPO), One Medical announced on Friday (Jan. Amir Rubin, a former UnitedHealth group executive, succeeded Lee. Investments in One Medical were led by the Carlyle Group, which owns 26.8

San Francisco 132

San Francisco San Diego Los Angeles Phoenix 132

PYMNTS

FEBRUARY 8, 2019

While the startups have big plans for those funds, including technological enhancements and staff expansions, it remains to be seen whether they will heed the advice to reserve cash. The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated.

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

JULY 19, 2019

The Seoul venture capital division of Japanese multinational holding company SoftBank has raised $270 million, or 317 billion won. Investors include South Korea’s National Pension Service. SoftBank was originally founded in 1981 to publish computer and technology magazines , among other endeavors. billion in U.S.

Capital 153

Capital National Report Groups 153

PYMNTS

APRIL 2, 2020

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. PayRange is another FinTech using card products to accelerate access to capital for businesses and professionals.

Cards 164

Cards Capital Tools Fintech 164

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

Bank Innovation

JULY 3, 2017

This is the 2nd in a series of articles considering how emerging technologies are impacting socio-economic and geo-political landscapes. Good technology often re-orientates human efforts away from something mundane, repetitive or risky towards tasks that generate more utility for society as a whole. creates more jobs than it takes.

Capital 236

Capital Technology Taxes Groups 236

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

NOVEMBER 6, 2019

However, Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, told CNBC that the country has been working with big tech platforms, especially Facebook-owned WhatsApp, on national security initiatives. Of course, technology also brings with it security concerns.

National 100

National Security Regional Apple 100

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

Gonzobanker

DECEMBER 8, 2021

Lastly, at this writing, Rockbridge Growth Equity (ties to Rocket Mortgage ) and CU Solutions Group acquired database marketing provider Marquis from Falfurrias Capital. Like Rocket Mortgage’s rise using digital tech, marketing, and outreach, Rockbridge’s portfolio reads like a checklist in new world growth methods.

Fintech 210

Fintech Los Angeles Lending Analytics 210

Jeff For Banks

OCTOBER 4, 2014

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. How long before those corporate accounting system providers strike a deal with some regional or national bank to provide seamless views to corporate customers? Was Vanguard a disruptor? Was ING Direct a disruptor?

Technology 104

Technology Cyber Security FDIC Strategy 104

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

PYMNTS

NOVEMBER 24, 2020

The Acrew Capital-led funding will also be harnessed to grow its client offerings. HSBC is debuting a new real-time payments technology that will enable its 14 million international clients to move money via one account in 20 nations. HMBradley announced on Tuesday (Nov. 24) that it landed Series A funding of $18.25

Tools 141

Tools Payments Cards Digital Banking 141

PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs ($106 million USD), as well as have a closing capital balance of at least 1.2 trillion Indonesian rupiahs.

Bitcoin 164

Bitcoin blockchain cryptocurrency Capital 164

Jeff For Banks

FEBRUARY 20, 2016

On February 14-17 the American Bankers Association held their National Conference for Community Bankers. The format was to first ask a couple of group questions. The second group question regarded capital. Where would the smaller financial institution get its next injection of capital, should it need it?

Conference 60

Conference Community National Millennials 60

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. Apollo Bank Adopts CheckAlt Lockbox Technology. PNC Acquires Tempus Technologies.

Fintech 142

Fintech Miami National Data 142

PYMNTS

AUGUST 6, 2019

Cybereason has announced it has received a series of investments and commitments totaling $200 million by SoftBank Group Corp. This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release.

Boston 115

Boston Big Data Security Analytics 115

PYMNTS

NOVEMBER 29, 2019

As reported earlier this week, the parent company of the soccer club Manchester City, City Football Group, struck a deal where US private equity firm Silver Lake will take a roughly 10 percent stake. The 10 percent stake, with a purchase price of 389 million pounds, puts the value of City Football Group at the equivalent of $4.8

Groups 150

Groups United States National US 150

Bank Innovation

JULY 3, 2017

This is the 2nd in a series of articles considering how emerging technologies are impacting socio-economic and geo-political landscapes. Good technology often re-orientates human efforts away from something mundane, repetitive or risky towards tasks that generate more utility for society as a whole. creates more jobs than it takes.

Capital 186

Capital Technology Taxes Groups 186

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

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. In some cases, the technological changes inspired by Covid-19 will come in the form of an acceleration of existing trends — for example, industrial automation and contactless payments. Teletherapy.

Industry 101

Industry Technology Online Video 101