INDUSTRY INSIGHTS YOUR PEERS ARE READING
Bank Innovation will announce the companies participating in our 2018 DEMOvation Challenge later this week. The companies and details of the challenges will be announced tomorrow, at 10 AM ET, on the @BankInnovation Twitter. MORE
As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ MORE
Google’s parent company Alphabet announced on Thursday (June 6) that it is buying data analytics company Looker for $2.6 The company’s cloud computing sector trails Amazon’s and Microsoft’s when it comes to revenue and methods. MORE
In an effort to have big pharma companies advertise on Snapchat , the social media platform is reportedly pitching itself as a friendlier alternative to Twitter and Facebook. The social media company had a team speak at the DigiPharma Connect conference in February. MORE
Some entrepreneurs are inspired to start companies to solve a problem they have experienced in their own lives: GuestBox Founder and CEO Shuchi Vyas, for instance, was an Airbnb host and struggled to wow her guests with offerings beyond just the basics. MORE
A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report. MORE
Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). The companies all use the same storefront and hire a lot of the same ad buyers. MORE
Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports. Bukalapak’s biggest shareholder is Indonesian media company Emtek, which had a 36.86 percent stake in the company in September of 2018. MORE
Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M MORE
consulting company providing fiat-to-crypto payment processing services, now supports the opening of bank accounts for companies in the sector, a particularly challenging process for many firms, according to CoinAcquiring Senior Payments Consultant David Jones. The company did not indicate which financial institutions are part of its partnership ecosystem, however. CoinAcquiring is rolling out a bank account service targeting businesses in the cryptocurrency industry. MORE
China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments. MORE
Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies. MORE
1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm. MORE
The listing of Jumia on the NYSE has elicited many discussions about how ‘African’ it is to qualify for the moniker of “first African tech IPO” London has been the listing home of many large African companies in the oil, gold, mining space for many years. The post African Companies Foreign Listings appeared first on Bankelele. MORE
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China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year. MORE
I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much. MORE
The company received $3 million in Series A funding in June 2017, bringing the total raised to $10.5 The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. MORE
Here are Bank Innovation's 5 companies to watch this year, selected by editors' choice, in no particular order: PayPal This payments […]. Acquisitions, partnerships and the roll-out of various new products and services made 2018 a very active year in banking and fintech. MORE
There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports. MORE
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership. MORE
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. She doesn’t mind taking on tech companies but wants its to be on the same terms. The banks are concerned that opening their data in Europe will not give them the same access to the large tech companies in the U.S. MORE
Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter. MORE
The Italian Competition Authority (ICA) has launched an investigation into five separate Amazon outfits to determine whether the company is taking advantage of its position as the foremost logistical and eCommerce service, according to a report from Reuters. MORE
The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future? MORE
Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot MORE
Groupon Co-founder Eric Lefkofsky’s new company has raised another $200 million in funding. Founded in 2015, the company has raised $520 million in funding so far. Tempus announced the new financing at a value of $3.1 billion. MORE
Although banks are not known for exceptional customer service, a Forrester Research survey released this week shows they’re making progress. MORE
Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them. MORE
The company still specializes in glass, though hand-cutting and etching have given way to more modern methods of sand etching, color screening, laser etching and rotary engraving. Suddenly, the company had gone from debating the best rollout to scrambling to get up and running. MORE
Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple. MORE
Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem. MORE
Workforce management Ranking the banks Banks, thrifts and holding companiesFull-time equivalent, as of Dec. 31, 2018. Dollars in thousands. MORE
Noodles & Company unveiled its new NoodlesREWARDS program on Wednesday as a way to say “thank you” to its loyal customers and encourage them to bring new ones into the fold. Noodles & Company serves classic noodle and pasta dishes from a variety of cultures: Italy, Thailand, Korea, Japan, Central America and the American Midwest, to name a few. Surprise noods? Who would say “no” to that? MORE
Only 3 fintech companies went public in 2018. With more and more late-stage capital coming into startups, companies don’t need to submit themselves to public scrutiny and markets in order to fund their operations. The post Why Aren’t Fintech Companies Going Public? MORE
That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”. MORE
The company said it is the largest fund family raised by Lightspeed China Partners to date and brings the capital under management to $1.5 Investments china China tech companies internet investments Lightspeed China Partners News What's Hot MORE
Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange. MORE
Performance reports Ranking the banks Banks, thrifts and holding companiesYear to date through Dec. 31, 2018. Dollars in thousands. MORE
It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay. MORE
From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Get an excel file that has investor, total funding, industry, and other info for private companies valued at $1B+. Below are more details on the companies, ranked by exit valuation. MORE
According to the London Stock Exchange Group’s 2019 “Companies to Inspire Africa” report, which highlights these firms, the FinTech sector has the second highest growth rate representation of technology and telecoms as well as financial services. MORE
Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. MORE
Ranking the banks Banks, thrifts and holding companies Deposits LendingYear to date Dec. 31, 2018. Dollars in thousands. MORE
The company was best known to the public as a nice, safe, legacy brand most famous for its catalog business from the ’80s and ’90s. By 2017, of course, Lands’ End was well down the road from its catalog-dependent early days — but the company wasn’t being run that way. MORE
Company Related Topics Chris Skinner
JUNE 16, 2019
The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future?
PYMNTS
MARCH 12, 2019
Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.
PYMNTS
JUNE 14, 2019
Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). The companies all use the same storefront and hire a lot of the same ad buyers.
PYMNTS
JUNE 18, 2019
Some entrepreneurs are inspired to start companies to solve a problem they have experienced in their own lives: GuestBox Founder and CEO Shuchi Vyas, for instance, was an Airbnb host and struggled to wow her guests with offerings beyond just the basics.
Bank Innovation
JUNE 20, 2019
Although banks are not known for exceptional customer service, a Forrester Research survey released this week shows they’re making progress.
Bank Innovation
MAY 3, 2019
Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem.
PYMNTS
NOVEMBER 2, 2018
1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm.
Mobile Payments Today
JUNE 13, 2019
As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ
Chris Skinner
APRIL 6, 2018
I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.
PYMNTS
JANUARY 30, 2019
China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments.
PYMNTS
NOVEMBER 5, 2018
China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year.
PYMNTS
JANUARY 7, 2019
There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports.
PYMNTS
MARCH 4, 2019
Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.
Chris Skinner
MARCH 20, 2016
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.
PYMNTS
MAY 31, 2019
A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report.
PYMNTS
DECEMBER 12, 2018
That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”.
PYMNTS
FEBRUARY 13, 2019
Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them.
BankThink
MAY 28, 2019
Performance reports Ranking the banks Banks, thrifts and holding companiesYear to date through Dec. 31, 2018. Dollars in thousands.
PYMNTS
JUNE 6, 2019
Google’s parent company Alphabet announced on Thursday (June 6) that it is buying data analytics company Looker for $2.6 The company’s cloud computing sector trails Amazon’s and Microsoft’s when it comes to revenue and methods.
BankThink
MAY 28, 2019
Workforce management Ranking the banks Banks, thrifts and holding companiesFull-time equivalent, as of Dec. 31, 2018. Dollars in thousands.
Bank Innovation
OCTOBER 23, 2018
It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay.
PYMNTS
FEBRUARY 27, 2019
According to the London Stock Exchange Group’s 2019 “Companies to Inspire Africa” report, which highlights these firms, the FinTech sector has the second highest growth rate representation of technology and telecoms as well as financial services.
PYMNTS
SEPTEMBER 5, 2016
Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.
PYMNTS
MAY 14, 2019
Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch.
PYMNTS
APRIL 16, 2019
The Italian Competition Authority (ICA) has launched an investigation into five separate Amazon outfits to determine whether the company is taking advantage of its position as the foremost logistical and eCommerce service, according to a report from Reuters.
Bank Innovation
OCTOBER 5, 2016
Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M
Bankelele
APRIL 16, 2019
The listing of Jumia on the NYSE has elicited many discussions about how ‘African’ it is to qualify for the moniker of “first African tech IPO” London has been the listing home of many large African companies in the oil, gold, mining space for many years. The post African Companies Foreign Listings appeared first on Bankelele.
CB Insights
MARCH 20, 2019
From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Get an excel file that has investor, total funding, industry, and other info for private companies valued at $1B+. Below are more details on the companies, ranked by exit valuation.
PYMNTS
JANUARY 3, 2019
The company said it is the largest fund family raised by Lightspeed China Partners to date and brings the capital under management to $1.5 Investments china China tech companies internet investments Lightspeed China Partners News What's Hot
CB Insights
APRIL 2, 2019
Only 3 fintech companies went public in 2018. With more and more late-stage capital coming into startups, companies don’t need to submit themselves to public scrutiny and markets in order to fund their operations. The post Why Aren’t Fintech Companies Going Public?
PYMNTS
JANUARY 8, 2019
The company received $3 million in Series A funding in June 2017, bringing the total raised to $10.5 The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik.
PYMNTS
MARCH 22, 2019
In an effort to have big pharma companies advertise on Snapchat , the social media platform is reportedly pitching itself as a friendlier alternative to Twitter and Facebook. The social media company had a team speak at the DigiPharma Connect conference in February.
PYMNTS
MAY 20, 2016
Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot
PYMNTS
APRIL 5, 2019
The company still specializes in glass, though hand-cutting and etching have given way to more modern methods of sand etching, color screening, laser etching and rotary engraving. Suddenly, the company had gone from debating the best rollout to scrambling to get up and running.
Bank Innovation
JANUARY 3, 2019
Here are Bank Innovation's 5 companies to watch this year, selected by editors' choice, in no particular order: PayPal This payments […]. Acquisitions, partnerships and the roll-out of various new products and services made 2018 a very active year in banking and fintech.
PYMNTS
MAY 24, 2018
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. She doesn’t mind taking on tech companies but wants its to be on the same terms. The banks are concerned that opening their data in Europe will not give them the same access to the large tech companies in the U.S.
PYMNTS
APRIL 1, 2019
consulting company providing fiat-to-crypto payment processing services, now supports the opening of bank accounts for companies in the sector, a particularly challenging process for many firms, according to CoinAcquiring Senior Payments Consultant David Jones. The company did not indicate which financial institutions are part of its partnership ecosystem, however. CoinAcquiring is rolling out a bank account service targeting businesses in the cryptocurrency industry.
PYMNTS
JUNE 3, 2019
Groupon Co-founder Eric Lefkofsky’s new company has raised another $200 million in funding. Founded in 2015, the company has raised $520 million in funding so far. Tempus announced the new financing at a value of $3.1 billion.
Bank Innovation
SEPTEMBER 8, 2017
Chinese insurance company ZhongAn Online Property and Casualty Insurance, which boasts a customer base of 500 million people, has obtained approval to open an initial public offering (IPO) on the Hong Kong stock exchange.
PYMNTS
JULY 20, 2017
Noodles & Company unveiled its new NoodlesREWARDS program on Wednesday as a way to say “thank you” to its loyal customers and encourage them to bring new ones into the fold. Noodles & Company serves classic noodle and pasta dishes from a variety of cultures: Italy, Thailand, Korea, Japan, Central America and the American Midwest, to name a few. Surprise noods? Who would say “no” to that?
PYMNTS
JANUARY 11, 2019
Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports. Bukalapak’s biggest shareholder is Indonesian media company Emtek, which had a 36.86 percent stake in the company in September of 2018.
Bank Innovation
FEBRUARY 7, 2018
Bank Innovation will announce the companies participating in our 2018 DEMOvation Challenge later this week. The companies and details of the challenges will be announced tomorrow, at 10 AM ET, on the @BankInnovation Twitter.
BankThink
MAY 20, 2019
Ranking the banks Banks, thrifts and holding companies Deposits LendingYear to date Dec. 31, 2018. Dollars in thousands.
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