Compliance, Fintech and New York City - Community Banking Brief

All You Need to Know About OCC’s Innovation Office Hours

Bank Innovation

JULY 3, 2017

The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host Office Hours for financial institutions and fintechs, to be held from July 24 to 26, at the OCC’s district office in New York City. Companies can request a slot by July 5. The OCC held its […].

New York City

New York City Innovation New York Regulation

Amazon, Google’s Expansion In NYC To Spark Talent War

PYMNTS

JANUARY 13, 2019

According to a report in CNBC , with unemployment at record lows, demand for tech talent and support services — including advertising, FinTech, accounting, and compliance — is booming. Headhunters report that while the direct impact from Amazon and Google remains to be seen, it is good news for the job market in New York City.

New York City

New York City New York Google Marketing

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

DECEMBER 13, 2018

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services. AML Compliance Turns CUs Into Law Enforcement.

Regulation

Regulation South Dakota ATM New York City

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Top News In Payments: Stripe Grows Presence In Europe; Apple Introduces Fall Lineup

PYMNTS

SEPTEMBER 10, 2019

How FinTech Apps Can Ace Security. The September AML/KYC Tracker takes a look at the latest fraud challenges and efforts to ensure tight security and compliance. Today, some of the industry’s biggest players will converge in New York City at this year’s PYMNTS B2B Payments Executive Forum , with Visa as presenting sponsor.

Apple

Apple New York City Payments New York

Calling the true innovators: Venture into the future of financial services

Insights on Business

FEBRUARY 23, 2019

Three years ago, banks were looking at fintechs with a wary eye. They are reorganizing around agile, cross-functional teams that surface the best ideas and implement them in record time—all while promising privacy, security and compliance. Now, they are all in. I encourage you to apply to attend.

Innovation

Innovation New York City Training Case Study

IBM again a Leader in Gartner Magic Quadrant for Integrated Risk Management

Insights on Business

JULY 20, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management

Risk Management Management Compliance New York City

IBM Open Pages recognized as the pioneer in redefining GRC

Insights on Business

JULY 18, 2018

When IBM acquired OpenPages in 2010, it was widely recognized as a pioneer and market leader in governance, risk and compliance software. Since the acquisition in 2010, IBM has continued to drive innovation and leadership in risk and compliance and industry leaders have taken note. IBM RegTech Innovations.

Risk Management

Risk Management Compliance New York City Innovation

IBM Sales Performance Management Summit: Putting SPM to work

Insights on Business

OCTOBER 9, 2018

Due to this ever-changing landscape, it’s vital as an SPM professional to stay current on best practices, industry trends, and learn new practical use cases that are in use today. With that in mind, IBM is looking forward to hosting the upcoming IBM Sales Performance Management Summit , being held on October 17 th and 18 th in New York City.

Management

Management New York City New York Industry

Real-Time Payments Fraud: Can Elephants Learn to Dance?

FICO

NOVEMBER 1, 2019

In the world of fraud detection, radically flexible enterprise-class platforms give large institutions the agility to fight fraud in the real-time payment types they’re spinning up to compete with fintechs. In this environment, speed to market is critical, placing banks in a triple bind between innovation, compliance and fraud.

Fraud

Fraud Payments Compliance New York City

Worldpay Transforms Merchant Onboarding with FICO Platform

FICO

MAY 8, 2019

These updated changes have helped increase accuracy of reporting, reduce portfolio risk, reduce costs and minimize fraud, while continuing to meet industry compliance standards. “In Tanya Andreasyan, editor-in-chief, FinTech Futures / Banking Technology. The 2018 judges are: Sid Dash, research director at Chartis Research.

New York City

New York City Management Innovation New York

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Fintech Labs Insights

SEPTEMBER 10, 2015

The $208 million this week brings total 2015 YTD fintech fundings to $12.4 HQ: New York City. HQ: New York City. HQ: New York City. HQ: New York City. Tags: Human resources, regulation, enterprise, bank management, compliance. Total raised: $107.5

San Francisco

San Francisco New York City Company Fintech

Welcome to the age of the incumbent in banking and insurance

Insights on Business

MAY 7, 2018

That notion might sound counter-intuitive, given the proliferation of start-up Fintechs, who seemingly threaten established institutions at every turn. This is one of the core themes at the upcoming Reinventing Financial Services Event on May 22, 2018 in New York City.

blockchain

blockchain Data New York City Examples

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

MARCH 1, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 Seven weeks into the new year, fintech companies have raised $4.7

New York City

New York City Company Fintech San Francisco

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion.

St. Louis

St. Louis social media Company Fintech

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

DECEMBER 30, 2015

For just the fourth time this year, weekly fintech fundings fell below the $100-million mark with 15 companies raising a total of $51 million. With just one holiday-shortened week remaining in the year, the total invested in private fintech companies YTD now stands at $18.8 HQ: New York City. HQ: New York City.

Company

Company New York City Fintech Kentucky

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

million for its compliance tools. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. HQ: New York City. Compliance tools for digital interactions. HQ: New York City. HQ: New Oreans, Louisiana. HQ: New York City. Ghaio Fintech.

Company

Company New York City Fintech Colorado

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Labs Insights

NOVEMBER 2, 2015

In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 HQ: New York City. HQ: New York City. HQ: New York City. Tags: Security, fraud, AML, KYC, compliance, Finovate alum. mil), iSignThis ($10.5 million Series B.

Los Angeles

Los Angeles New York City San Francisco Company

Fintech Fundings: 11 Companies Raise $960 Million Week Ending May 7

Fintech Labs Insights

MAY 7, 2015

It’s another unicorn week in fintech, although “only” $750 million of the nearly $1 billion in new funding was equity. billion valuation puts it at the top of the worldwide fintech private company valuation list. HQ: New York City. HQ: New York City. Source: Crunchbase.

San Francisco

San Francisco New York City Company Fintech

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

OCTOBER 19, 2015

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. HQ: New York City. HQ: New York City. Bitcoin compliance solutions. HQ: New York City. HQ: New York City, Hong Kong. The vast majority, $5.9

New York City

New York City Company Fintech New York

Director Cordray and Comptroller Curry speak at LendIt USA conference

CFPB Monitor

MARCH 8, 2017

Earlier this week, we attended the LendIt USA conference in New York City, a leading annual fintech conference, at which CFPB Director Richard Cordray and Comptroller of the Currency Thomas Curry both spoke. Kaplinsky and Scott M. ” He then discussed the CFPB’s two most recent requests for information.

Conference

Conference Policies New York City Data

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Three Finovate or FinDEVr alums, two of which presented at FinDEVr NYC last week (Betterment, Stratumn), brought in new investments: Betterment landed a massive $100 million at a $700 million valuation for its robo-advising platform. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. HQ: New York City.

New York City

New York City Company Fintech California

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

JUNE 18, 2015

All told, 12 fintech companies raised $205 million ($105 million equity, $100 million debt) this week. HQ: New York City. Compliance & risk-management technology. The post Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18 appeared first on Finovate. Year-to-date, $7.7

San Francisco

San Francisco Company Fintech Albuquerque

Is the ‘blockchain revolution’ running out of steam?

NCR

NOVEMBER 22, 2017

In a recent whitepaper published by FinTech Network, Chris Mager of BNY Mellon said using blockchain for payments could improve speed, convenience and availability for customers, as well as delivering operational efficiencies and cost savings for banks. Is it possible that the potential of this technology has been overstated?

blockchain

blockchain New York City Conference cryptocurrency

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

AUGUST 8, 2016

Through mid-July, the blistering pace of deals continued with 32 new fundings during the week ending July 15. There has been an average of 28 fintech deals per week this year. Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. HQ: New York City. Compliance Science.

Company

Company Fintech New York City blockchain

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

DECEMBER 14, 2015

Buoyed by 7 Startupbootcamp Insurance entrants each grabbing $17,000, a record 30 fintech companies raised money this week for a total of just under $100 million ($95.8 BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. HQ: New York City. Clip (PayClip).

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

JANUARY 18, 2016

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. HQ: New York City. HQ: New York City. HQ: New York City. RealtyMogul took in another $18.4 Mambu attracted $8.7 FinanceFox.

Company

Company New York City Fintech San Francisco

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

JULY 23, 2015

While not a pure fintech play, we included it here because its primary customers are the big insurers, including the U.S. Risk & compliance management for financial institutions. HQ: New York City. The post Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23 appeared first on Finovate.

Company

Company Connecticut Fintech Austin

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: New York City. HQ: New York City. The post Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13 appeared first on Finovate. Total dollars raised YTD is now $14.7 billion, more than twice the $6.7

Company

Company Fintech San Francisco New York City

A Regulatory Oversight?

Independent Banker

DECEMBER 29, 2015

Although the scale of online marketplace lending is small compared to that of mainstream banks, this lending niche of so-called FinTech firms has been doubling in size annually since 2010, according to a Morgan Stanley study. in New York City, makes short-term loans to finance weddings and honeymoons.

San Francisco

San Francisco Lending New York City Online

WorkFusion Raises $14 Million Series C Round Led by Nokia Growth Partners

Fintech Labs Insights

MARCH 4, 2016

” For financial services companies, WorkFusion’s SaaS technology is deployed for customer onboarding, claims processing, and compliance, among other processes. Founded in 2010 and headquartered in New York City, WorkFusion demonstrated its Active-Learning Automation platform at FinovateFall 2014.

New York City

New York City New York Capital Compliance

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

SEPTEMBER 1, 2016

The fintech sector attracted $332 million in new capital the first week of August. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. HQ: New York City. HQ: New York City. HQ: New York City. Total dollars raised YTD is $19.6 billion, double the $9.8

New York City

New York City Company Fintech Comparison

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

AUGUST 14, 2015

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2

New York City

New York City Company Fintech New York

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

JULY 21, 2016

It was a huge week in German fintech funding, coinciding with, but too soon to be caused by, Brexit. All told, 26 fintech companies worldwide raised $281 million during the third week of June including five Finovate alums: Plaid landed $44 million from Goldman Sachs. Fintech deals by size from 18 June to 24 June, 2016: Circle.

New York City

New York City Fintech Company San Francisco

Fintech Fundings: 22 Companies Raise $160 Million Week Ending March 11

Fintech Labs Insights

MARCH 14, 2016

Last week, 22 fintech companies raised a total of amount $159 million, of which at least $5 million was debt. It was the tenth week in a row with 20 or more fintech deals. Here are the fintech deals by size from 5 March to 11 March 2016: AlphaSense. Payroll, benefits & compliance platform for employers. Chronicled.

San Francisco

San Francisco New York City Fintech Company

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

AUGUST 1, 2016

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. HQ: New York City. HQ: New York City. HQ: New York City. million Seed.

Company

Company Fintech New York City Lending

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

FEBRUARY 15, 2016

Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 Three Finovate alums raised new cash: Xignite pulled in $20.5 Six weeks into the new year, fintech companies have raised $4.5 HQ: New York City; Stockholm, Sweden.

Company

Company Fintech New York City Comparison

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

FEBRUARY 23, 2016

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 Seven weeks into the new year, fintech companies have raised $4.7

Company

Company Fintech San Francisco Texas

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

JULY 17, 2015

While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech startup funding was 5x to 10x more than in 1999/2000. But at least in fintech, there are vast opportunities to improve existing processes and open new markets. HQ: New York City. HQ: London, UK.

Fintech

Fintech Company San Diego Los Angeles

Fintech Fundings: 15 Companies Raise $60 Million Week Ending May 28

Fintech Labs Insights

MAY 28, 2015

And, like a fintech Noah’s Arc, everything was in pairs this week: Two companies out of Istanbul (TravelersBox, Iyzico). HQ: New York City. HQ: Huntington, New York. Fraud and compliance solutions for merchant acquirers. HQ: New Delhi, India. Two out of London (Kantox, Monese).

Company

Company Fintech New York City New York

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

JULY 14, 2016

In all, fintech companies worldwide raised $222 million the second week of June. Fintech deals by size from 4 June to 10 June, 2016: Tradeshift. HQ: New York City. HQ: New York City. HQ: Foster City, California. The total number of deals YTD stands at 627, nearly double last year’s 321.

San Francisco

San Francisco Company Fintech California

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Long before livestreaming became commonplace, Pseudo pioneered real-time webcasting from its studio offices in New York City. Total Funding: $584M.

Fraud

Fraud Las Vegas Company Video

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Labs Insights

NOVEMBER 9, 2015

It was the sixth week in a row that the number of fintech fundings topped 20. HQ: New York City. The post Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6 appeared first on Finovate. Tags: Enterprise, investing, compliance, information management. Source: Crunchbase. Latest round: $1.7

Company

Company Fintech South Dakota San Jose

24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

JUNE 17, 2020

In addition to concerns about digital mediums lacking certain face-to-face benefits, teletherapy also presents compliance issues. Orders that once took hours to fulfill are being delayed by weeks in areas hit particularly hard by Covid-19, such as New York City. Source: Verizon via Twitter.

Industry

Industry Technology Online Video

37 Corporate Innovation Labs In Finance

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin.

Innovation

Innovation blockchain Technology Groups

All You Need to Know About OCC’s Innovation Office Hours

Amazon, Google’s Expansion In NYC To Spark Talent War

Webinars

Trending Sources

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

Webinars

Top News In Payments: Stripe Grows Presence In Europe; Apple Introduces Fall Lineup

Calling the true innovators: Venture into the future of financial services

IBM again a Leader in Gartner Magic Quadrant for Integrated Risk Management

IBM Open Pages recognized as the pioneer in redefining GRC

IBM Sales Performance Management Summit: Putting SPM to work

Real-Time Payments Fraud: Can Elephants Learn to Dance?

Worldpay Transforms Merchant Onboarding with FICO Platform

Fintech Fundings: 18 Companies Raise $210 Million Week Ending Sep 10

Welcome to the age of the incumbent in banking and insurance

Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Fundings: 11 Companies Raise $960 Million Week Ending May 7

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Director Cordray and Comptroller Curry speak at LendIt USA conference

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Is the ‘blockchain revolution’ running out of steam?

Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

A Regulatory Oversight?

WorkFusion Raises $14 Million Series C Round Led by Nokia Growth Partners

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Fundings: 22 Companies Raise $160 Million Week Ending March 11

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Fundings: 15 Companies Raise $60 Million Week Ending May 28

Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

17 Of The Biggest Startup Frauds Of All Time

Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

24 Industries & Technologies That Will Shape The Post-Virus World

37 Corporate Innovation Labs In Finance

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