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SWIFT, Microsoft, BNY Mellon Team For Cloud Payments

PYMNTS

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. The new solution will service SWIFT’s 11,000 financial institutions in over 200 countries. “We

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources.

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Twitter Talk from FinDEVr 2017 New York

Fintech Labs Insights

FinDEVr New York may be done. But with FinDEVr London only a few months away, we’re already looking forward to seeing what the international developer community is doing to drive innovation in financial technology. Now let’s relive a little of that social media magic from FinDEVr 2017 New York.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

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Bitcoin Daily: Chinese Blockchain Co. Invests In Cannabis; Canada, Singapore See Positive Results In Cross-Border DLT Tests

PYMNTS

Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

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.

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FinovateFall 2015: Back in the New York Groove

Fintech Labs Insights

That means fintech fans from far and wide are making their way to New York for two days of live demonstrations of the latest in financial technology. All in all it’s a great backdrop for our annual fall conference and a reminder of how truly unique New York City is. New York, NY 10019.