2017 Innovators to Watch: 44 Executives Shaping the Future of Banking
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
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Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
PYMNTS
OCTOBER 8, 2020
As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Linear Capital served as the head investor, while additional help originated from KZM & Company Group. Fusion Reveals Payments Platform Banks.
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PYMNTS
NOVEMBER 4, 2020
At the very least, outdated tools and workflows slow down the process of getting capital into the hands of exporters and importers that need funding to fuel business. Trade finance players, including corporates, banks and regulators, are finally ready to embrace modernization and technology. The RegTech Opportunity.
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?
Bobsguide
MARCH 21, 2022
CompatibL is proud to have been nominated in the following categories in this year’s FTF News Technology Innovation Awards: 5.Best Igor Tsitavets, CompatibL’s President and CEO, says: “We are honored to be shortlisted at this year’s FTF News Technology Innovation Awards. About the FTF News Technology Innovation Awards.
PYMNTS
FEBRUARY 16, 2017
Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. The agency did note, however, that it will deal with “errant VC managers” on a case-by-case basis and continue to retain its powers to regulate venture capitalists.
PYMNTS
NOVEMBER 16, 2020
In other news, the Securities and Exchange Commission of Pakistan (SECP) is researching the potential for innovation, as well as the inherent risks, in virtual assets, the SECP said in a paper published on Nov. Meanwhile, Binance on Monday (Nov. 16) announced that it is discontinuing the trading pair BGBP/USDC.
Bank Innovation
NOVEMBER 14, 2017
Innovation in this highly regulated field is necessary, and even giants are rising to the challenge and trying to get more customer-friendly, agile or at least aligned to the new standards set by start-ups. Here is a […].
American Banker
AUGUST 31, 2023
If capital requirements are increased, they must be constructed in a way that doesn't unduly burden smaller banks and their fintech partners.
PYMNTS
OCTOBER 25, 2019
The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).
PYMNTS
FEBRUARY 6, 2020
Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay has a market capitalization of around $10 billion. A majority of its revenue comes from merchant fees, which comprise around 3 to 6 percent of transactions.
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.
PYMNTS
AUGUST 2, 2019
The investigation was in April, ahead of the Capital One hack that resulted in the arrest of a former Amazon engineer. Capital One is just one of numerous financial institutions using Amazon’s cloud services to store customer data, igniting the question of where banks end and vendors begin. . banking system.
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.
PYMNTS
JANUARY 10, 2019
Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J. The challenges are not isolated to the U.S.,
Bank Innovation
JUNE 20, 2016
Market risks, volatility, and uncertainties, are the stressors for traders and those allocating capital and managing risk. This will… Read more Regtech in Capital markets & Investing. This is the nature of the business, the markets, whether currencies, stocks, bonds etc.
PYMNTS
JUNE 24, 2020
With corporate travel still on pause, commercial card innovation has taken a different direction. In a recent announcement , the Singapore company revealed its BizPay solution, an online platform enabling businesses to use their existing commercial cards and converting their credit limit into working capital to pay suppliers.
PYMNTS
JANUARY 14, 2021
Flourish Ventures, Arbor Ventures, GGV Capital and K3 Ventures were some other investors in the round. Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation. SAMA is debuting an open banking policy to further digital innovation in the financial services space.
TheGuardian
MARCH 17, 2023
Eight years ago, when the bank’s CEO, Greg Becker, personally pressed Congress to exempt SVB from post-2008 financial reform rules, he cited its “low risk profile” and role supporting “job-creating companies in the innovation economy”.
PYMNTS
OCTOBER 16, 2020
billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. Global investments are below the levels of pre-pandemic days, but London FinTechs have surpassed their 2018 venture capital totals of $2.3 billion in investments.
PYMNTS
JUNE 20, 2019
Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”. One thing he wants to do right away is to enhance the coordination between financial regulators in the country. “To The Bank of England approaches Libra with an open mind but not an open door,” Carney said.
PYMNTS
DECEMBER 9, 2019
In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Regulators Call for ‘Vigilant Monitoring’ of Big Tech’s Financial Data Use.
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.
PYMNTS
SEPTEMBER 30, 2020
It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.
PYMNTS
AUGUST 14, 2020
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug. 14), per the report.
Chris Skinner
MAY 12, 2017
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. Chris Skinner: The world’s leading-edge regulatory bodies are creating lighter regulations than one required for a full banking license.
Accenture
MARCH 23, 2017
I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?
Accenture
MARCH 23, 2017
I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We think about RegTech as technology that lowers the “cost” (technical, physical, monetary) of regulation by using technology. Regulators have a key role to play, too. Now—what does RegTech mean?
PYMNTS
MAY 22, 2018
A bill that would give regional banks a break on regulation was before the U.S. The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch.
CB Insights
OCTOBER 29, 2020
Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. Financial regulators have also signaled that they would accommodate a larger role for DLT, potentially paving the way for broader adoption. Examples include Circle’s USDC, Ripple’s XRP, and Gemini’s GUSD.
Bank Innovation
NOVEMBER 21, 2019
Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves are facing scrutiny from regulators. Albert Chang, counsel at the Consumer Financial Protection Bureau‘s innovation office, said […].
Insights on Business
MARCH 12, 2019
review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). It becomes effective in 2022, but banks should now, more than ever, implement the proposed changes in order to meet the deadline for reporting their Pillar I capital under the new methodologies.
Bank Innovation
APRIL 12, 2017
Rather, it’s going through a reboot, which will include improved software, increased focus on regulation, and improved transparency. This was the upshot from a venture capital panel at a recent Bank Innovation event in San Jose. The marketplace lending industry is far from dead.
PYMNTS
MAY 9, 2016
Last week, OnDeck, Kabbage and CAN Capital banned together to form the Innovative Lending Platform Association (ILPA), an advocacy group to champion increased transparency for small business borrowers in the alternative and marketplace lending sphere. Is the alternative lending space concerned about incoming regulation?
Payments Source
FEBRUARY 18, 2021
Rapid changes in payments and regulations have blown open the door to new ideas, creating frontiers for fintech investors. Javier Perez hopes three decades of experience will help him have an early read on startups.
Perficient
DECEMBER 14, 2020
If your organization is looking to capitalize on cloud technology in 2021, here are a few trends to keep in mind. Cloud Computing will be Increasingly Regulated. In order to capitalize on projected increases, marketplaces will have to expand offerings, standardize contracts and billing terms, and simplify multi-vendor management.
CB Insights
NOVEMBER 5, 2020
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.
PYMNTS
DECEMBER 28, 2018
This strategic acquisition allows Visa to offer a more comprehensive business solution to our corporate clients that is innovative, global, highly configurable and intuitive for their employees.”. Square Links Up With Handshake. Wells Fargo Divests Corporate FinServ Assets.
PYMNTS
OCTOBER 21, 2019
As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. They saw a greenfield waiting to be planted. The list goes on.
PYMNTS
FEBRUARY 10, 2017
Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). The region is also home to an active and fast-growing startup scene.
PYMNTS
NOVEMBER 18, 2016
When it comes to issues of competition and regulation , the sharing economy may still have a long way to go. Issues of competition in the sharing economy arise, for example, when established businesses begin to capitalize on sharing platforms. And not just in the sense that it’s disruptive to the status quo.
PYMNTS
JUNE 29, 2020
Jo Ann Barefoot , a former banking regulator who now heads the Alliance for Innovative Regulation, said the new rules would “transform” financial regulation. Financial institutions will now be allowed to invest tens of billions into venture capital funds.
PYMNTS
MAY 6, 2016
Another SME financing advocacy group has been formed, this time by OnDeck, Kabbage and CAN Capital. The firms announced the creation of the Innovative Lending Platform Association on Thursday (May 5), citing advocacy, education and the development of best practices as their goals.
Insights on Business
OCTOBER 16, 2018
Regulations such as the second payment services directive (PSD2) and the Open Banking project spearheaded by the UK’s Competition and Market Authority (CMA) are driving disruption in the banking value chain. With the IBM Open Banking Platform , financial institutions can innovate faster, reduce risk and protect core banking applications.
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