Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Thankfully, there was still a smartphone and social media to commiserate. Banks Bought More Fintechs (Until Sum mer Break Started!). The energy and uncertainty of youth are headed back to school.

Fintech 198

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PYMNTS

MARCH 4, 2019

Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. The bank reportedly handled 700 million euros or $790 million in transactions that were questionable from 2005 to 2017. One analyst wasn’t surprised by the news.

Virgin Islands 116

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Gonzobanker

DECEMBER 14, 2023

Bank leaders must feel like Rocky Balboa after 15 rounds with Apollo Creed. Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 The housing industry, and mortgage banking revenue, came to a stop. What a year.

Fintech 195

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PYMNTS

JUNE 4, 2020

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release.

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PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Under the new regulations, the units would be limited to operating in China’s Chongquing municipal region. China TransInfo Technology Corp.

Groups 141

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PYMNTS

APRIL 1, 2019

German-based banking app N26, geared toward younger customers and backed by notable billionaires like Peter Thiel and Li Ka-shing, wants to expand beyond Europe while keeping product offerings simple, according to reports. The company said it would prefer to expand and build up customers rather than increase its range of products.

United States 140

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PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Around the PSD2 and GDPR Worlds.

Strategy 188

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PYMNTS

JANUARY 30, 2020

In today’s top news, Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, Goldman focuses on expanding its digital consumer bank and Airbnb hires former Disney President Catherine Powell to head its Experiences division. Digital banking efforts took center stage at Goldman’s Investor Day on Wednesday (Jan.

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PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. The Data Privacy Twist .

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PYMNTS

AUGUST 12, 2020

Seamless customer experiences are essential because consumers that face onboarding strains are likely to seek services elsewhere, Rodrigo Rodríguez , assortment and merchandising regional manager for Latin American eCommerce marketplace Linio , explained in a recent PYMNTS interview. They can even use some social media to register.

Customer Experience 197

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PYMNTS

APRIL 10, 2019

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only banking services, designed to catch and keep customers using their smartphones to bank. Around the Digital Banking World.

Mobile 185

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PYMNTS

JUNE 6, 2019

Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time — and some markets are developing real-time networks faster than others. Though regulators and banks in the U.S. Social media platform Facebook is set on further innovating WhatsApp features with a new U.K.-based

Security 162

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PYMNTS

OCTOBER 8, 2018

As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in. As reported by ZDNet and other sites, class action suits have already been filed against the company.

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PYMNTS

SEPTEMBER 30, 2019

The Nasdaq stock exchange is tightening restrictions and making approvals more difficult for Chinese companies. A new study shows that social media and online marketplace scams are much more successful than phone scams. Marcus, a consumer bank launched in 2016 and run by Goldman Sachs, has lost a total of $1.3 Since 2016.

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Abrigo

DECEMBER 26, 2014

For many Americans that experienced lay-offs or other unexpected financial situations within the last several years, and who may still be finding solid footing, financing can still be a challenge through the more traditional means of banks. Image via Mapcustomizer.com.

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PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. To foster trust and grow customer awareness, DNB has launched a national media campaign. PSD2 and the customer awareness problem.

Regional 108

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PYMNTS

DECEMBER 15, 2020

But Walker said the particulars of correcting the problem depend on the company and the industry. We’re seeing that the size and scope of companies that want to use some type of ID verification has changed,” Walker said. healthcare companies that are facing unique delivery logistic issues surrounding patient information.

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PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. Beyond Traditional Data.

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PYMNTS

NOVEMBER 25, 2019

The news comes the same week that the Organization for Economic Cooperation and Development hopes to have new rules for “the taxation of digital companies” in place as early as the beginning of next year. Google has said that content will show up in search results only if the media groups agree to let Google use the content for free.

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CFPB Monitor

NOVEMBER 6, 2019

District Court for the Northern District of California, accuses Facebook of discriminating against women and individuals over 40 who were denied advertisements and information about certain financial services opportunities, including those for bank accounts, insurance and investing.

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South State Correspondent

MAY 31, 2023

It is a dangerous troupe in banking that an omnichannel approach is best. The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Branching is likely your bank’s highest functional cost, just ahead of loan production.

Data 195

Data Branch Strategies Strategy Mobile 195

PYMNTS

APRIL 20, 2017

Web Financial Group, a data-driven managed service solutions provider, and Selerity, an artificial intelligence (AI)-powered contextual search and automation company, announced Wednesday (April 19) they have partnered on content personalization solutions for the digital wealth market.

Groups 100

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PYMNTS

JULY 27, 2016

The edge mid-sized and community banks have historically had on the big guys is that they put a face to banking. Today, though, FinTech has changed the game, and new customer demands could be taking away community banks’ leg-up on their largest peers. Power report on retail banking in the U.S., And while the J.D.

Regional 100

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PYMNTS

OCTOBER 28, 2019

The company said it plans to get rid of 40 percent of its staff, reports said. The move comes about a month after Fair, which functions via an app, secured a $500 million revolving credit facility led by Mizuho Bank. As Fair has grown, the skillsets needed to drive the business forward change,” the company said in a statement.

San Francisco 100

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PYMNTS

DECEMBER 17, 2018

company Home Leisure Direct has created a pool table that takes contactless payments. In Belgium, transportation operator De Lijn has tapped Conduent Transportation to deploy a new fare collection system in the Flanders region, the company said in a press release.

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PYMNTS

OCTOBER 28, 2019

The company said it plans to get rid of 40 percent of its staff, reports said. The move came about a month after Fair, which functions via an app, secured a $500 million revolving credit facility led by Mizuho Bank. As Fair has grown, the skill sets needed to drive the business forward change,” the company said in a statement.

San Francisco 101

San Francisco United States Capital User Experience 101

PYMNTS

APRIL 6, 2016

This marks a milestone for this digital currency company, which has rapidly been making a name for itself in the FinTech ecosystem in the region. Circle is a Boston-based startup that has major VC backers, along with big banks like Goldman Sachs and Digital Currency Group as an investment firm backer.

Payments 100

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PYMNTS

JANUARY 14, 2019

The ingredients for a revolution in payments across the region, fueled by demographics and technology, seem to be there. There’s also a technology boom, which comes as the continent, in Nazir’s words, “leapfrogged over the landline and over the computer, and straight to the smartphone and, now, into mobile money over bank accounts.

Mobile 212

Mobile social media Taxes Technology 212

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. You can read more about this story in the full media release. FICO® Falcon® Fraud Manager which protects more than 2.6

Fraud 52

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PYMNTS

AUGUST 15, 2019

Global remittances have been increasing, according to the latest data from the World Bank. Remittance payments might be on the rise in this region, but common pain points with cross-border money transfers have persisted, including a lack of transparency. The bank found that maintaining a strong physical network was also important.

Fintech 122

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PYMNTS

JULY 1, 2016

One firm, Argos Risk , seeks to find meaning in sources that go beyond the credit score and even the interactions between companies, where phone calls or emails (in other words, formal communications) may not reveal what is going on behind the scenes.

social media 101

social media Data Regional America 101

CB Insights

AUGUST 26, 2021

At the same time, it has faced intense scrutiny with the high-profile challenges at portfolio companies like WeWork and Uber. Despite 2020’s heavy losses, SoftBank’s profit grew to $46B in the fiscal year ending March 2021 on the back of its Coupang investment — setting a record for the largest profit ever for a Japanese company.

Regional 94

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PYMNTS

JULY 19, 2019

And, despite reporting on July 12 that the Federal Trade Commission (FTC) had reached an agreement to fine Facebook $5 billion, shares in the social media company were up $3.84 Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million.

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PYMNTS

JUNE 26, 2018

The deal comes as the freelance, or gig, economy becomes ever more significant, and in various regions of the world. As competition increases among companies striving to provide payment services to those workers, companies such as Transpay can do tasks of value like keeping up with worker preferences, Shore said.

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PYMNTS

NOVEMBER 5, 2018

The revamped code would be mandatory for companies that have more than 250 staff members. That would widen the net of companies covered by the code. However, that data could show late terms of as many as 10 days for the Hawke’s Bay region. Tesla And Late Payments. Music Festival Payments Back In Rhythm.

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Gonzobanker

DECEMBER 17, 2021

Bank Deal of the Year. With prices rational and revenue pinched, there were some nice acquisitions by many banks. Bancorp for grabbing MUFG Union Bank. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Bank Merger of the Year. Has to be M-O-E.

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Fintech Strategy Leadership Lending 148

PYMNTS

MAY 26, 2016

The Wall Street Journal reported earlier this week that the Chinese stock market is finding succor, and presumably, bargains in the likes of the smokestack economy companies. . Not the companies that make services and speed payments and data and mine social media for marketing nuggets. . But more will join that tech behemoth.

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