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.”.

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.

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.

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.

Google 205

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.

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

3 Startups to Watch: Leveraging Market Niches for Next Gen Investment

Bank Innovation

This week’s startups to watch are investing in under-leveraged niches of the fintech world, from P2P networks to lower insurance premiums, Read More.

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.

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.

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

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.

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

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

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

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 […].

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

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

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

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

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

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.

Where Will We See You Again?

Celent Banking

If you’ll be in Barcelona, Orlando, Chicago or Vegas, we look forward to seeing you. Banking Corporate Banking Digital Emerging Technology Events FinTech Payments Retail Banking AFP BAI banking Mobey Day Money2020 payments sibosWhen the leaves start falling, it usually means one thing for Celent analysts – the conference season is getting into full swing and it’s time for us to hit the road big time.

FinCEN Eyes Cryptocurrency Amid 1,500 Monthly Complaints

PYMNTS

In remarks to the 2018 Chicago-Kent Block (Legal) Tech Conference, Blanco stated that “we now receive over 1,500 SARs per month describing suspicious activity involving virtual currency, with reports coming from both MSBs in the virtual currency industry itself and other financial institutions.”. Beyond cryptocurrencies, it was reported earlier this week that states may be at odds with the Trump White House amid differences on how FinTech should be regulated.

Five At Five: Target Raises Its Delivery Game

PYMNTS

Amazon’s Alexa has a new job, Asian banks make a FinTech announcement and mirrors are getting a lot smarter. According to Target, as of this week, Chicago will be the first U.S. Asian Banks Want Regulators to Allow More FinTech Solutions. News Amazon commuting delivery facial recognition FinTech Five at Five H&M LinkedIn TargetWelcome to Five at Five, your late look at the payments and commerce news you might have missed.

FSS AadhaarPay wins Best in Bank Customer Experience Award

ATM Marketplace

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

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

Chime Raises $500M On $5.8B Valuation

PYMNTS

A second office is slated for Chicago and by the end of 2020, the company expects to more than double its staff. It is also contemplating the purchase of other FinTech firms, the source said. Numerous consumer FinTechs have started offering bank accounts in the past year.

Is your 2017 trade show strategy set for the year?

William Mills

There really is no such thing as “trade show season” in the fintech industry. which features highly relevant and timely fireside chats/presentations among a solid mix of bank and fintech attendees. Blog Industry Events 2017 Trade Show Directory fintech trade show

Confessions of an Advertising Man

Long Lasting Ideas

As a newly-minted Auburn graduate from the not-so-big town of LaFayette, (famous as the birthplace of boxing champ Joe Louis), my early days in big-time advertising and in Chicago’s biting winter chill taught some hard lessons. bank marketing ideas bank security community banks fintech mobile banking bank marketing marketing remote deposite

Let the William Mills Agency’s 2017 Trade Show Directory Be Your Guide

William Mills

Finovate Fall , held in New York from September 11 th – 14 th , is the premier event for fintech companies in North America. One upcoming event that never disappoints is the ABA Annual Convention , this year held in Chicago Oct.

Is The Silicon Valley Startup Scene On Its Way Out?

PYMNTS

is falling behind in the startup scene to Asia and Europe with places like Los Angeles and Chicago seeking a severe drop in the list. Fintech Investments Global Innovation Silicon Valley startups Tech What's HotFor years, Silicon Valley has rested pretty knowing it was the king of startups for tech and various other industries.

Financial Conferences this Fall Showcasing New Ideas and Innovation

William Mills

While this year will be remembered for: fintech labs and partnerships with traditional FI’s; the rise of millennials; and a push for real-time payments; I’ve been thinking a lot about how to gauge disruption and how we should view the messengers.

40 Years of William Mills Agency, the Family Reflects on the Milestone

William Mills

Our friends in the media are also more decentralized today as opposed to 1997, when they seemed to be primarily concentrated in New York, Washington, DC and Chicago. Blog Uncategorized fintech William Mills Agency WMAQ: How does it feel to be in your 40 th year?

Connected Commerce: It’s Not Just For Retailers

PYMNTS

In those early years, the company’s safes were some of the only ones to withstand the Great Chicago Fire of 1871, and the company was commissioned to build the world’s largest safe for Wells Fargo’s San Francisco branch in 1874. That’s largely thanks to the trend of nimble FinTech startups edging out traditional FIs. A company that begins in the digital sphere — like most of these FinTech startups — is going to face massive obstacles if it tries to enter the physical world.

Retail 154

Alt Lending, Cybersecurity, Logistics Lead In $205 Million Week For B2B Funding

PYMNTS

million in Series B funding, Africa FinTech MFS Africa will focus on expanding its ePayments services throughout the continent. The company said OpenView led the investment, which also saw 8VC, Emergence Capital, Omidyar Technology Ventures, Chicago Ventures and Pritzker Group Venture Capital participate. B2B Payments AI alternative finance B2B Cybersecurity FinTech investments logistics News payroll Venture Capital What's Hot In B2B

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). billion flowing to fintech companies worldwide including a whopping $6.3 HQ: Chicago, Illinois.

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

Fintech funding records continue to fall. HQ: Chicago, Illinois. The post Fintech Fundings: 25 Companies Raise $1.6 Last week was the record number of deals, with 27. This week it was the biggest total dollars raised at $1.63 billion, from 25 companies.