Fintechs push for data access
BankInovation
APRIL 11, 2024
NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say. “If
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BankInovation
APRIL 11, 2024
NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say. “If
Bank Innovation
AUGUST 26, 2019
This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech. Even […].
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Bank Innovation
JANUARY 16, 2019
Fintech provider Fiserv said today that it will purchase payment processor First Data Corporation in a massive $22 billion deal, and the transaction will come with a hefty investment in innovation.
Bank Innovation
APRIL 9, 2018
EXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? Come join Bank Innovation’s Telegram Group.
PYMNTS
OCTOBER 16, 2020
London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'s billion in investments.
Bank Innovation
AUGUST 26, 2019
This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech. Even […].
PYMNTS
MARCH 2, 2020
It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. And according to the data — consumers are increasingly warming up to the idea of taking them up on that offer.
PYMNTS
NOVEMBER 9, 2020
What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Bill.com revealed some of those changes as it highlighted the innovations driving a solid first fiscal quarter. Virtual Cards And Mobile Technology.
Bank Innovation
JUNE 5, 2018
Businesses produce data every second, while some of it can help an organization make data-backed decisions about business activities, much of it will sit in data warehouses never to be seen again.
PYMNTS
FEBRUARY 5, 2020
FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. AvidXchange’s goal is to have 100 percent ePayment adoption with “payments delivered on time, securely and with discrete data.” FinTech and Bank Collaborations.
PYMNTS
OCTOBER 1, 2020
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.
PYMNTS
DECEMBER 29, 2020
In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.
PYMNTS
DECEMBER 4, 2019
FinTech innovators are continually evolving their technology platforms as they aim to dive deeper into the automation space and also widen their offerings. Kibana, on the other hand, is the data visualization tool that’s built on top of Elasticsearch. DadeSystems , in one case, has been expanding into analytics.
PYMNTS
JANUARY 30, 2020
Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.
PYMNTS
MARCH 12, 2020
Many CU executives express growing concerns about the looming competitive threat posed by digital-first competitors, including not only challenger banks like Chime, Ally and GoBank, but also BigTech and FinTech firms, from PayPal, Google and beyond. Yet the innovation possibilities expand far beyond P2P payments. As much as 41.4
PYMNTS
DECEMBER 18, 2020
18) that it has signed a data access agreement with Brex , a company that provides financial services that help scale early-stage businesses. According to Finicity, the move extends its leadership in providing direct data access through the use of APIs to the FinTech category.
Bank Innovation
JULY 16, 2018
Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks and financial institutions make sense of data, alternative and otherwise, have emerged.
Abrigo
DECEMBER 17, 2021
Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 1 Having a cohesive vision from the top down is critical to a culture of innovation and the successful adoption of new software. .
PYMNTS
SEPTEMBER 29, 2020
New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.
PYMNTS
OCTOBER 2, 2020
In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking. And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. All this, Today in Data.
PYMNTS
DECEMBER 9, 2020
FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained.
PYMNTS
NOVEMBER 20, 2019
Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Check out the latest in corporate card innovation below.
PYMNTS
NOVEMBER 23, 2020
There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.
PYMNTS
MARCH 4, 2017
The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .
Chris Skinner
FEBRUARY 11, 2019
Last week we had our first meetings of Nordic Finance Innovation, the largest networking group in the Nordic region for people involved in finance and technology which I happen to chair. The meeting focused upon data: data usage, data analytics, data leverage and data privacy.
Bank Innovation
JANUARY 14, 2020
billion acquisition of data aggregator Plaid puts the company’s tool set at the center of financial services innovation. “Fintechs are increasingly developing on bundling and repackaging financial services payment and funds, […]. Visa‘s $5.3
PYMNTS
JANUARY 14, 2021
The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Open banking , which is used across numerous countries, facilitates the connections and permissions between users’ banking data and third-party financial platforms.
PYMNTS
JANUARY 17, 2018
While this industry is largely reliant on corporates’ adoption of innovative technology, it is also instrumental to getting issuing banks in on the movement. According to the executive, the key is to work “with banks, not against them” – a sentiment that has become a mantra for many in the FinTech market.
BankInovation
MARCH 29, 2024
Fintech Finastra has appointed Mike Stawchansky senior vice president, chief technology innovation officer, according to a release from the on March 6. My previous roles gave me a robust […]
Bank Innovation
NOVEMBER 16, 2017
million grant to banks in order to promote artificial intelligence and data analytics projects, as proposed by Ravi Menon, managing director for the Monetary Authority of Singapore (MAS) yesterday. The grant, called the Artificial Intelligence and Data Analytics Grant, will be reserved for financial institutions based in Singapore.
PYMNTS
DECEMBER 16, 2020
As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce.
PYMNTS
JANUARY 7, 2019
The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. Such alternative data, said the GAO, could pose risk to such lending decisions. “The Sandboxes, Gathering Steam.
PYMNTS
MARCH 26, 2020
But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers. But the FinTechs, Baird noted, are adapting and innovating around that issue. Baird said. “As
Bank Innovation
APRIL 20, 2020
Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is using data to advance the bank’s innovation and customer service strategy, one that hinges on being a relationship-based bank.
Perficient
JULY 11, 2022
Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later. According to Kristen E.
Chris Skinner
MAY 7, 2019
As those who read my blog will know by now I chair a very active group called Nordic Finance Innovation (NFI), based out of Oslo. I’m guessing most of you will have … The post It’s all about the data appeared first on Chris Skinner's blog.
PYMNTS
JANUARY 18, 2018
Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress.
BankInovation
OCTOBER 11, 2022
Banks and fintechs are realizing in today’s volatile economic environment that they need each other to survive, which is spurring innovative partnerships.
PYMNTS
NOVEMBER 26, 2019
Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment.
PYMNTS
AUGUST 6, 2020
As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P. Airwallex Taps Deutsche Bank.
PYMNTS
MARCH 12, 2019
and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms.
Payments Dive
OCTOBER 31, 2022
Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data.
PYMNTS
OCTOBER 29, 2019
The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Back-Office Innovation.
PYMNTS
JANUARY 24, 2018
The financial services industry is no stranger to innovation, but it increasingly appears that change in the space is being driven by outsiders instead of the financial heavyweights. Traditional banks and FIs can either keep up with the pace of innovation or risk losing customers to disruptive innovators.
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