Alloy introduces new risk management solution
The Paypers
MARCH 1, 2024
US-based fintech company Alloy has announced the launch of a new risk management solution for Embedded Finance partnerships.
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The Paypers
MARCH 1, 2024
US-based fintech company Alloy has announced the launch of a new risk management solution for Embedded Finance partnerships.
PYMNTS
JUNE 25, 2018
Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. He noted that in the financial services realm, firms are already heavily regulated and they struggle with the looming threat of consequences, should shortcomings arise, when it comes to risk management.
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Bobsguide
MAY 18, 2022
CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform.
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The company said the Acumen net Treasury Management platform was strengthened with an offering focused on the client that assists treasurers and their customers handle risk and connect with current banking platforms.
Independent Banker
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With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.
CFPB Monitor
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The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.
PYMNTS
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Nexi , the Italian digital payment company, agreed Sunday (Oct. 4) to buy its FinTech competitor, SIA , for about 4.6 The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies. billion euros ($5.4
PYMNTS
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From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become more agile and modern with their own product offerings. On the other hand,” he added, “the pandemic doesn’t just spare FinTechs. Financing Burdens.
CFPB Monitor
JULY 15, 2021
The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. partnerships, joint ventures), including technology companies.
PYMNTS
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Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. Separately, in India, API infrastructure firm Setu said last week that it had raised $3.5
CB Insights
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Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M HOW’S THE COMPANY PERFORMING? 3M and Motorola Solutions are included among Hyperproof’s clients — as are leading cybersecurity companies like Sophos, ForgeRock, and AppGate. in a Series A.
Insights on Business
JULY 17, 2019
Our goal has always been to provide our customers with the tools and insights that help them meet their governance, risk and compliance (GRC) needs, and we do so, by leveraging the innovation of IBM within a single ecosystem. Digitalization brings along risks like IT security, Cybersecurity, etc. Learn more at ibm.com/RegTech.
PYMNTS
DECEMBER 5, 2018
John Legere released a statement when the news broke, offering customers access to free credit monitoring and identity resolution services, and emphasizing the company’s efforts to assist clients concerned about their privacy. A company with 10,000 suppliers, however, won’t get far without spending years on this tactic.
PYMNTS
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The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.
PYMNTS
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As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet. “We
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Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. an embedded payments platform for fintechs.
PYMNTS
JANUARY 13, 2021
Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues. “A
Insights on Business
JULY 20, 2018
500 list of the fastest-growing private companies in the country. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. Last month we announced the latest evolution in GRC – OpenPages with Watson 8.0 Wheeler, Jie Zhang, Earl Perkins.
PYMNTS
MARCH 28, 2019
FinTech startup Qupital announced that it has closed a $15 million Series A, led by CreditEase FinTech Investment Fund ( CEFIF ). The funding also had participation from Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures following their initial investments in the company’s seed round.
Bussman Advisory
APRIL 3, 2021
FinTech Ecosystem Insights by Bussmann Advisory is our weekly newsletter, summarizing relevant news and reports related to ecosystems around disruptive technologies, highlighting key updates from the industry as well as our portfolio companies: Credit Suisse lurches from one risk management crisis to the next.
PYMNTS
JUNE 5, 2020
Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. We need to manage risk appropriately, but open banking is a good thing,” Davies said.
PYMNTS
DECEMBER 2, 2019
Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the “oversubscribed” funding round — one of the largest for a FinTech startup in Southeast Asia.
Insights on Business
NOVEMBER 28, 2018
While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. IBM is pioneering the development of cloud-based micro services for financial risk.
PYMNTS
JULY 19, 2018
It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. Where once traditional finance companies viewed tech-driven service firms with caution and even a bit of skepticism, the realization more recently has been that joint efforts can reap dividends.
CFPB Monitor
NOVEMBER 22, 2022
The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”
Gonzobanker
JUNE 28, 2023
The announcement is a #GonzoBanker #Fintech Deal to Watch for a few reasons: Money is still flowing in this fintech market, but it’s increasingly focused where there is real use case value for financial institutions that pay real money for real solutions to help real clients that generate real earnings. Follow Sam on LinkedIn.
PYMNTS
SEPTEMBER 29, 2017
Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.
ABA Community Banking
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The company's technology is designed to align with the U.S. financial sector's push to diversify loan portfolios—particularly highlighted by risks exposed by the bank failures of the past year. The post Fintech startup focused on asset risk builds bank advisory board, gets Citi Ventures funding appeared first on ABA Banking Journal.
PYMNTS
NOVEMBER 12, 2020
Visa Unveils FinTech Partnership Program In Europe. FinTech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” according to a representative for the company in an email announcing the effort. Plus, Railsbank has closed a $37 million funding deal.
PYMNTS
FEBRUARY 8, 2019
Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.
PYMNTS
SEPTEMBER 4, 2019
The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. Cash invested on the platform, said the company, stands at $2.7 Open Banking Partnerships – Focus On Romania.
PYMNTS
MAY 26, 2017
Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others.
BankInovation
JANUARY 17, 2024
based bank and fintech advisory company Cornerstone Advisors of Arizona said U.S. banks are most eager to partner in the following three areas: Payments and money movement; Fraud and risk management; and Mobile […] A December report by Scottdale, Ariz.-based
Independent Banker
DECEMBER 1, 2021
Now, consumers expect that from every company in which they do business. Over the next 3-5 years, 82% of financial institutions expect to increase their partnerships with FinTechs, with an average return on investment of 20%. Benefits of FinTech partnerships. How to choose the right FinTech partner.
PYMNTS
MARCH 8, 2017
In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. This allows the company to offer integrated, end-to-end payments solutions for specific markets.
PYMNTS
NOVEMBER 3, 2020
The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk. Bloomberg to Incorporate Credit Risk Data. Everlink, FINTAINIUM Team up to Offer Real-Time B2B, B2C Payments.
Banking Exchange
OCTOBER 14, 2019
Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.
PYMNTS
MARCH 17, 2017
company canceled its IPO last October, citing “ current market conditions” as its reason behind deciding not to pursue an estimated $7 billion float on the London Stock Exchange. Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space. The company will merge with DH Corp.,
PYMNTS
MAY 18, 2017
The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.
PYMNTS
MARCH 12, 2020
Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. Equiniti Eyes APIs for Risk Management. Integrating directly into core technology means even deeper automation, the companies noted. Jack Henry Links FIs to AR Finance Offering.
PYMNTS
MAY 28, 2018
It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. The deal is newsworthy because the mainstream view still sees banks and FinTechs as adversaries, each competing for payment and financial services revenue.
Gonzobanker
FEBRUARY 23, 2022
In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. While customer relationships are being redefined by fintechs, there will always be a place for community banking.
PYMNTS
JULY 5, 2018
The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.
CFPB Monitor
MAY 18, 2021
Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. payments, deposit-taking, and lending).
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