Remove Cards Remove Digital Banking Remove Financial Technology Remove Innovation
article thumbnail

Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. SoFi does not want to be a traditional bank outsourcer. Navigating the Bank Tech Ecosystems of Today and Tomorrow?

article thumbnail

Mastercard, EedenBull Extend Into Asia Pacific

PYMNTS

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

Fintech 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Synchrony Financial Is Upgrading Its AML Strategy

PYMNTS

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks.

Strategy 123
article thumbnail

Aussie FinTech Douugh Introduces ‘Savings Jar’ With Mastercard Debit

PYMNTS

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. There is a waiting list in the U.S. Accelerate 2.0 Accelerate 2.0

Fintech 148
article thumbnail

Bankers On Fixing B2B Payments API Flaws

PYMNTS

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. banks provide each other access to transaction data and account information to enable open banking. The European Union (E.U.)

Payments 200
article thumbnail

London FinTech Raises $4M For ‘Social’ Bank

PYMNTS

A financial technology company called B-Social has raised £3.2 The funds are just the ambitious company’s beginning steps toward its goal of becoming a wholly licensed bank — one that completely redefines what banking means and framing it around social interactions. “We

Fintech 176
article thumbnail

Germany’s Central Bank Says Tech Presents Hurdles, Opportunities

PYMNTS

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We A survey by EHI Retail Institute showed that last year, card payments made up 48.6