Tech Center: Chicago On Deck

PYMNTS

Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers. Before we jump into the post, here are a few quick facts about Chicago and its tech scene: . Chicago’s population is 2,720,546 (2015).

Chicago, Mastercard And GCBA Launch Tech Pilot Program

PYMNTS

The program is a pilot that will come at zero cost to Chicago taxpayers. In terms of the tech business in Chicago, it calls itself a “living lab” within which GCBA can explore certain issues. Hany Fam, EVP of Mastercard enterprise partnerships, said Mastercard applauds “the City of Chicago for pioneering a ‘living lab’ – as an optimized interaction between cities and their tech sectors can help drive inclusive growth and a better quality of life.”.

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Exclusive Interview With Jason Henrichs, Co-Founder of FinTEx Chicago

Let's Talk Payments

The more people you meet from the Chicago FinTech scene, the more it draws you in. Fintech Insights insights USI really enjoyed my conversation with Jason Henrichs who is involved with a lot.

BMO Harris spotlights women in fintech mentoring program

Bank Innovation

BMO Harris Bank and Chicago-based incubator 1871 have unveiled plans for their annual fintech mentorship program, and this year they are shining a light on female-led fintechs.

Gonzo Goes to BAI Retail Delivery 2014: Sweet Home Chicago?

Gonzobanker

On a Fintech CEO panel dealing largely with vision, we liked Argo CEO Max Martin’s understated practicalities about eliminating paper in process and partnering with local universities for talent, a couple consistent themes we have also heard in recent GonzoBanker roundtables.

Banking, fintech innovators recognized with Bank Customer Experience awards

Mobile Payments Today

13, during a banquet held as part of the 6th annual Bank Customer Experience Summit in Chicago Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and World of Money, presented four awards on the evening of Thursday, Sept.

PLI 24th Annual Consumer Financial Services Institute, Chicago session – 25% discount available

CFPB Monitor

The second presentation of PLI’s 24th Annual Consumer Financial Services Institute will take place in Chicago on May 20-21, 2019. I am very pleased that the Chicago program will feature the following attorneys from these agencies: Thomas Pahl, CFPB, Policy Associate Director, Division of Research, Markets & Regulations.

Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. The tension between FinTechs and FIs is real, as PYMNTS data shows.

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Amount, a Fintech Startup, Signs Deal to Help TD Bank in Digital Personal Lending

Bank Innovation

The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank into a strategic partnership that will have the bank using Amount's platform to make personal loans.

On-Demand Payroll Leads B2B FinTech Funding

PYMNTS

This week saw B2B FinTechs targeting a range of pain points for business customers around the world, as investors put nearly $462 million in combined funding into the space. Chicago’s Leaf Trade saw $4.5

SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. Venture Partners, while existing backer Chicago Ventures and newcomer Soma Capital also participated, according to a press release.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expense management, alternative finance and data integration spaces.

Rebundling of services to continue in 2020, says BMO’s Ben Schack

Bank Innovation

digital partnerships team in Chicago, is […]. Capital & Funding Carousel Innovation Strategy Investing Startups BMO financial inclusion fintech startupsThroughout 2019, banks continued to partner with startups in their efforts to build multi-service platform offerings.

11 Blockchain-Focused Startup Incubators as Unconventional as the Technology

Let's Talk Payments

Being FinTech-focused is not enough – experienced professionals are branching out. Bitcoin blockchain Innovation Insights 1776 Adel Asia BitHub Block Chain Space Blockchain Trust Accelerator Chamber of Digital Commerce Chicago Bitcoin Center DC Blockchain Center Digital Currency Group Distributed Vision Europe insights Outlier Ventures Satoshi Studios US ZhongAn Technology

Schack: Expanded BMO Harris Innovation Program Casts Wider Net for Ideas

Bank Innovation

The Chicago-based bank is accepting applications from fintech startups for the 2019 BMO Harris/1871 Innovation Program through the end of the day today. Premium Retail Startups accelerators bmo harris customer experience fintech partnerships

Banking, fintech innovators recognized with Bank Customer Experience awards

ATM Marketplace

13, during a banquet held as part of the 6th annual Bank Customer Experience Summit in Chicago Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and World of Money, presented four awards on the evening of Thursday, Sept.

Waud's $100 million investment in fintech's future

Payments Source

The wave of technology that's turned card swipes into dips, phones into wallets and micro merchants into global sellers will proliferate, says to Andrew Rueff of Waud, a Chicago-based private equity firm. Venture capital Venture funding APIs

Top News In Payments: Indian FinTech ZestMoney Raises $15M; Fed’s Brainard Warns Of Crypto Risks

PYMNTS

In today’s top news, Indian FinTech ZestMoney raises $15 million, the latest in a $63 million Series B funding round, and Federal Reserve Gov. Indian FinTech ZestMoney Raises $15M Led by Goldman Sachs. 18, after it first debuted in Chicago two months ago.

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Alliant Credit Union Could Become the First Digital-Only CU in the U.S.

Bank Innovation

Right now, the Chicago-based Alliant allows people to apply for membership or loans online via desktop computers, phoning into its call centers or by […].

SoftBank’s Greensill Backing Leads B2B FinTech Funding

PYMNTS

Recent reports in Citing Venture Intelligence data, LiveMint said B2B FinTech has secured $657 million in India so far this year, compared to $617 million for B2C FinTechs. It’s a departure from years past, but according to Unicorn India Ventures managing partner Anil Joshi, it’s perhaps unsurprising that B2B FinTech has pulled ahead of its B2C counterpart. B2B FinTech companies are more predictable than B2C firms,” he told the publication. “A

Open banking, fintechs and the shape of things to come

ATM Marketplace

At the Bank Customer Experience Summit this fall in Chicago, Ryan Tuttle of Euromonitor International spoke with Tim Tang, director of enterprise solutions at Hughes Network Systems, about the trend toward a platform strategy in U.S. banking and how open banking initiatives abroad and regulatory issues at home will affect this transformation

The importance of gender parity on fintech teams

BankNXT

Breaking Banks explores gender parity, talking to Anouska Streets of FINkit and Colleen Wilson of Collaborate Chicago about the influence of technology. The importance of gender parity on fintech teams on BankNXT. Fintech Podcasts Breaking Banks business culture femtech interview

FSS AadhaarPay wins Best in Bank Customer Experience Award

Mobile Payments Today

FSS AadhaarPay, a biometric-enabled merchant payment acceptance solution, designed to support the Indian Government’s Digital Payments initiative to improve digital payment infrastructure in the country, has won the Best Mobile Experience (International Fintech) provider award at the Best in Bank Customer Experience Summit at Chicago, USA

Wellness tool from BMO Harris partner finds following with bank's customers

American Banker

Through its partnership with SpringFour, a fintech BMO Harris mentored in 2017, the Chicago bank is referring customers — including many hurt by the pandemic — to reputable nonprofits to help with job training, financial assistance and more. Fintech Regional banks Financial wellness BMO Harris Bank Coronavirus Consumer banking Non-profits

William Mills Agency Named Agency of Record for FinTech Forward 2016

William Mills

William Mills Agency, the nation’s largest independent public relations and content marketing firm to the financial industry, has been named agency of record for FinTech Forward 2016, a program offered by American Banker and BAI Beacon. FinTech Forward is an annual report that ranks the top vendors, details noteworthy trends in the financial services industry, provides research and profiles up-and-coming fintech companies.

Dwolla Wants Smaller FinTechs Involved In Fed’s Faster Payments

PYMNTS

26) said the FinTech company is one of 19 to submit proposals on how to run part of the Fed’s real-time payments network. The Federal Reserve of Chicago, which houses the Faster Payments Task Force, is accepting the submissions and will review the proposals along with experts from McKinsey, reports explained. Reports pointed out that, while banks have joined on in the Fed’s Faster Payments initiative, smaller FinTech startups and innovators are less involved and aware of the effort.

Blockchain Training Added to 2016 Mobile Payments Conference Agenda

Let's Talk Payments

Chicago, IL (June 21, 2016) – The 2016 Mobile Payments Conference (MPC) conference organizers confirmed that blockchain training will be held on the first day of the event and will be open. blockchain Fintech News Payments Virtual Currency news US

Life insurance as seen through the informed eyes of industry experts

Daily Fintech

This week Daily Fintech discusses life insurance with four industry experts (and background from another) representing life insurance business on three continents. He also serves the insurance and Fintech world as the ‘Insurance Elephant’.

New EMV Chip Card Transaction Solution Plugs Into Existing Card Payment Authorization Systems Used by Issuers, Acquirers and Processors

Let's Talk Payments

CHICAGO, April 29, 2016 — Opus Consulting today announced the release of a new solution – the Opus EMV Transactions Accelerator – that card issuers, acquirers and processors can use. Authentication Cards Commerce EMV Fintech Innovation News Payments news US

Who needs a financial centre?

Chris Skinner

Around 2,500 people respond to the survey and in its first year, March 2007, the winners were: London New York Hong Kong Singapore Zurich Frankfurt Sydney Chicago Tokyo Geneva No Dubai. In September 2016, the last survey, some things had changed: London New York Singapore Hong Kong Tokyo San Francisco Boston Chicago Zurich Washington DC No Frankfurt. Blockchain Digital Bank Fintech Future Grid Innovation Opinion Technology ValueWeb

Mind the Gaps: Education, Wealth & Tech

Breaking Banks

Guests include: Ryan Falvey , managing director of Financial Venture Studio , Mark Dowds , founder and chief strategy officer of Trov, Ramona Ortega , founder of My Money My Future and Eric Lugo , vice chancellor, City Colleges of Chicago. Plus, the Financial Studio’s newly released study on the tech driving fintech. Disruptors Financial Services FinTech

Life insurance as seen through the informed eyes of industry experts

Daily Fintech

This week Daily Fintech discusses life insurance with four industry experts (and background from another) representing life insurance business on three continents. He also serves the insurance and Fintech world as the ‘Insurance Elephant’.

6.07.18 Your morning briefing

Payments Source

Today: Amazon picks spots in Chicago for Go; Italy deploys interbank blockchain; Indian bank gets hit with AML fine; Another startup emerges from the U.K.'s s fintech standbox. The information you need to start your day, from PaymentsSource and around the Web. Briefing

ORACLE: Swinging the Bat in Cloud Services

Celent Banking

It's hard to believe that an entire month has gone by since Oracle OpenWorld in San Francisco — but baseball fans will have noticed that things have been a bit hectic here in Chicago of late. Banking Corporate Banking Digital Events FinTech Retail Banking

Follow The River

Celent Banking

A case in point is the Canadian National railroad's purchase in 2007 of the Elgin, Joliet & Eastern Line (EJE) to facilitate its rail connection of parts east and west through Chicago. Banking Emerging Technology FinTechI'm a big fan of the old movie classics.