BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

Operations 87

Operations Policies System Regulation 87

PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office. Buckzy Payments.

Capital 139

Capital Cards Payments Fintech 139

Bank Innovation

JUNE 15, 2016

Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv. The event is presented by Bank Innovation, one of the world’s leading fintech blogs.

Innovation 150

Innovation National Fintech social media 150

PYMNTS

MARCH 12, 2020

The company also set up a multi-million-dollar subsidy program to reduce operating costs and capital risks for their merchants, in an effort to help them get back to work safely and efficiently. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same.

Innovation 283

Innovation Policies social media Examples 283

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. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

National 133

National Training Bitcoin Samsung 133

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.

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We This means getting regulation right is critical.

Regulation 349

Regulation National System Industry 349

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

Abrigo

JUNE 12, 2023

Encouraging innovation : Inconsistent regulations can deter fintech companies from entering certain markets. A national framework would provide a level playing field, fostering innovation and competition in the money transmitter industry.

Compliance 195

Compliance Fraud Regulation Guidelines 195

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

Community Bank 195

Community Bank Capital Training Lending 195

Independent Banker

NOVEMBER 30, 2022

First National Bank and Black Tech Nation Ventures teamed up to support minority-owned startups in the Pittsburgh community and beyond. Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018.

Company 110

Company Community National Maryland 110

PYMNTS

MAY 27, 2016

banking giant Barclays recently launched its Barclays Accelerator in Tel Aviv , marking the ongoing race to capitalize on what some are calling the “hottest FinTech scene.” Acceleration In the Startup Nation. Because it has more startups per capita than any other place in the world, Israel has gained the nickname “startup nation.”

National 101

National Security Fintech Industry 101

PYMNTS

FEBRUARY 8, 2018

B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. Research released by Atradius last October predicted the nation’s economic growth to slow. RMB usage made up 1.61 RMB usage made up 1.61

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

APRIL 23, 2019

The promotion took place in Denver, capital of a state where marijuana is legal for recreational purposes. But the larger story here is how fast food operations are striving to stand out in a crowded field and with consumers who are increasingly becoming digital- and mobile-centric. QSR Innovation. Denver CBD Burger.

Innovation 122

Innovation Denver New York City Mobile 122

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

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 company reportedly applied for an operating license in the country in the past.

Bitcoin 177

Bitcoin Policies Groups California 177

Bank Innovation

FEBRUARY 27, 2020

An update to Square’s credit risk model for its Square Capital commercial lending product — first disclosed yesterday — was “a key driver of Capital’s outperformance in the fourth quarter,” the company said. The advancement of Capital is key for Square as it continues to grow the fast-growing — and lucrative — lending product.

Lending 284

Lending Capital Company Innovation Strategies 284

PYMNTS

MAY 18, 2020

Judo Bank, a challenger bank, received $148 million in a Series C funding round from investors, including existing backers like Ironbridge Capital and Bain Capital. InfraRisk will integrate cloud-based software to help add profiles for management borrowers, loan pricing and other services to help with efficiency and overall operations.

Lending 130

Lending Capital Software Fintech 130

PYMNTS

FEBRUARY 23, 2020

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

Customer Experience 130

Customer Experience Innovation Strategies Guidelines Meeting 130

PYMNTS

MAY 30, 2018

There are three things on the mind of nanopay ‘s CEO Laurence Cooke : Emerging markets, cross-border business-to-business (B2B) transactions, and capital markets and treasury. In emerging markets, said Cooke, consider the pace and level of innovation. That, said Cooke, is the flow nanopay wants to bring to capital markets.

Capital 109

Capital Innovation National Taxes 109

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

NOVEMBER 28, 2018

27), Deskera received the funding from Jungle, as well as Cisco Investments, Tembusu Partners, Susquehanna International Group and InnoVen Capital. Singapore recently launched the NTP to support digitization of business operations for companies trading across borders. According to The Business Times on Tuesday (Nov.

Fintech 139

Fintech Management Innovation Resources 139

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. Stores As Social Centers.

Community 269

Community Retail Strategy National 269

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. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed. Businesses Ready To Jump Into RTP.

Groups 252

Groups Payments Survey Data 252

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

JANUARY 21, 2021

Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology. For the benefit of these businesses, my hope is that they recognize that they can no longer afford to continue operating at the status quo. As a nation, we experienced loss and hardship.

Fraud 180

Fraud social media Strategy Maine 180

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 Billhop Eases B2B Card Acceptance. and Sweden, it noted.

Fintech 209

Fintech Payments Oregon Cards 209

Lex Sokolin

FEBRUARY 2, 2022

Brain activity is always *ON* in the same way that your computer is always running background software for its operating system. tribes, nations, companies, societies, NFT Discords?—?have Alternately, you might be a growing nation in need of risk-seeking activity?—?a Don’t ask the police to innovate.

National 52

National Google Regulation US 52

PYMNTS

SEPTEMBER 24, 2020

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week's look at the latest innovation initiatives finds a big push for the latter. BELLIN Secures SWIFT gpi Label. SatoshiPay Debuts Blockchain Payments Platform.

Payments 187

Payments blockchain Fintech Innovation 187

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

DECEMBER 3, 2020

Catastrophe breeds innovation — at least in terms of new business concepts. But capital brings those concepts to life. It stands to reason then that displaced workers are using funds to start their own micro-firms, and innovators see opportunity to monetize the great digital shift.

Payments 168

Payments Innovation Capital Mobile 168

PYMNTS

APRIL 10, 2019

FinTech startup Extend announced it has raised $11 million in Series A financing, as it tries to capitalize on interest in virtual credit cards. In a press release , Extend said the funding was led by Point72 Ventures and FinTech Collective, with additional participation from Reciprocal Ventures and strategic partner City National Bank.

Cards 108

Cards National Apple Fintech 108

PYMNTS

JUNE 6, 2019

Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report. Rather, payments and security have emerged as top focuses, according to the Credit Union Innovation Playbook. government wants to change that.

Lending 129

Lending Analytics Data Security 129

PYMNTS

JULY 9, 2020

There’s no single path to payments infrastructure innovation. And still for others, like InstaReM, payments innovation involves a mix of infrastructure. Below, PYMNTS rounds up the top stories in payment rail innovation. For others, including AeroPay and Oxbury Bank, the journey involves adding value onto existing rails.

blockchain 193

blockchain System Payments Innovation 193

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. In exchange, Grab gains greater visibility into SMB operations and performance. “By

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

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