PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. Billtrust, REPAY Drive Virtual Card Adoption. Tat Capital Debuts Value-Add For Corporate Cards.

Cards 237

Cards Capital Security Compliance 237

CFPB Monitor

OCTOBER 11, 2018

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC.

Policies 60

Policies Lending Data Online 60

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The SEC Finding. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns.

Lending 135

Lending Fraud Management San Francisco 135

William Mills

MAY 10, 2016

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. There is a growing focus on customer experience and related compliance issues. Card-linked offers generated a lot of excitement a few years ago. Link your card to website or app, select the offer.

San Jose 40

San Jose Customer Experience Mobile social media 40

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Chip card reader for when customers are shopping online to improve security. Verifies the card and pushes that information onto the merchant. The software/platform pieces is the ability to use virtual card numbers. Plus the 1% rewards.

Video 40

Video Mobile social media Analytics 40

Fintech Labs Insights

NOVEMBER 2, 2015

Virtual card numbers on the fly. Clarus Financial Technology. Tags: Payments, security, debit/credit cards, consumer. Open API issuer/payment processor platform. Latest round: $25 million Series C. Total raised: $45.5 HQ: Emeryville, California. Source: Crunchbase. Electronic trading marketplace for corporate bonds.

Los Angeles 12

Los Angeles New York City San Francisco Company 12

William Mills

MAY 11, 2016

Corezoid is advocating for a “process focused” view of bank technology, by use of APIs. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Going to speak about technology can be better used in the card world.

Video 40

Video Lending social media Analytics 40

Fintech Labs Insights

JUNE 6, 2016

Bridge Financial Technology. Back-office platform for financial advisors . Online debit card security. Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS. Source: FT Partners. iPad POS system for the hospitality industry. Latest round: $22.8 million Series C. HQ: Berlin, Germany.

Company 12

Company Fintech San Francisco New York City 12

William Mills

SEPTEMBER 9, 2016

I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. From their web site: Based in San Francisco, MarketX was founded by a group of experienced professionals from finance, legal, and technology backgrounds. You can look at life events such as marriage, credit card, new job, etc.

social media 40

social media ATM Mobile Customer Experience 40

Independent Banker

OCTOBER 31, 2022

For example, a bank may feel comfortable allowing a VA to solve a login problem, while situations like a lost card are solved by an empathetic human. Venu Gopal, chairman of the board of Quinte Financial Technologies, Inc. She says community banks can tailor automation to their own customer service strategies.

Community Bank 91

Community Bank Community Customer Experience Data 91

CFPB Monitor

NOVEMBER 22, 2022

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach.

Fintech 78

Fintech Report Data Lending 78

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. Demo: voice conversation with Alexa, able to ask bank account balance, block cards, pay bills, send money to friends. Andrew just needs to review the account and forward on to compliance for their review. 20% of customer interactions are assisted.

Mobile 40

Mobile Cards Fraud Data 40

William Mills

MAY 9, 2018

Our Actionable Intelligence Management solutions help banks and mortgage companies streamline and automate manual processes, seize new business opportunities and manage compliance, all while transforming the customer experience. Synapse Financial Technologies, [link] @synapsefi. “We are not an app, we are a platform.”

Security 40

Security Samsung Strategy San Jose 40

Fintech Labs Insights

OCTOBER 3, 2016

Provided instant card-issuance technology to Bank of the Ozarks. Announced EMV-instant issuance milestone of more than 10 million cards in the U.S. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Added to its Compliance Document Management Solution, CertCapture.

San Francisco 18

San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 14, 2023

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. In addition, it has has opened more than 400,000 debit cards and is opening as many as 75,000 per month, creating a whole other disruption risk we need to discuss.

Fintech 195

Fintech Community Regional Technology 195

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy.

Community 216

Community Fintech Industry Innovation 216

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. PWC — Center for Technology and Innovation (CTI). GFT Technologies — Digital Innovation Lab.

Innovation 78

Innovation blockchain Technology Groups 78

Fintech Labs Insights

SEPTEMBER 1, 2015

Auvenir is a smarter way to audit financial statements. Using cutting edge technology, Auvenir is setting the new standard in compliance and assurance. Avoka’s digital business platform for frictionless sales and service solves the “buy” problem for financial institutions, government, and education.

Company 12

Company Software Analytics Mobile 12