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.

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Fintech Data User Experience Innovation 308

PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. India’s ICICI Bank is adding accounting technology from AlignBooks to strengthen its SMB services.

Fintech 341

Fintech National Groups Tools 341

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. Personal loan and credit card provider Avant secured funding from Ares Management Corporation.

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Fintech Software Illinois Lending 103

PYMNTS

NOVEMBER 11, 2020

Fintech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” a spokesperson for the credit card and financial services giant said in an email announcing the new program on Visa on Wednesday (Nov.

Fintech 277

Fintech Compliance Online Survey 277

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.

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Data Innovation Big Data Marketing Strategies 293

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.

Data 242

Data Leadership Innovation Fintech 242

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. To get there, she explained, the consumer experience has to be consistent across the cardholder lifecycle, from onboarding to transaction data all the way through to the way balances and financial details are transmitted back to users.

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Cards Management Tools Guidelines 249

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.

Data 184

Data Fintech Strategy Regulation 184

Cisco

APRIL 26, 2022

The future of financial services will be shaped by the ability of financial institutions to extract and deliver more customer value from data. Those opportunities will rely on data and analytics for real-time decision making. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey.

Big Data 147

Big Data Data Analytics Examples 147

PYMNTS

FEBRUARY 3, 2020

As open banking frameworks continue to encourage bank-FinTech collaboration , the financial services market is exploring new ways to unlock data — not only with banks, but with each other. Unlocking Data, Unlocking Opportunities.

Data 184

Data Security Taxes blockchain 184

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.

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Fintech Cards Technology Samsung 277

Independent Banker

NOVEMBER 30, 2022

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today.

Management 91

Management Community Bank Community Data 91

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount.

Management 156

Management Data Security Fintech 156

PYMNTS

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. This means that in the SMB FinServ space, there is a significant market opportunity to target the accountant.

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Management Fintech Tools Technology 134

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

Cards 197

Cards Security Tools Online 197

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

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Fintech Risk Management Conference Lending 146

PYMNTS

NOVEMBER 24, 2020

FinTech startup Plaid is partnering with banking platform Jack Henry & Associates to advance the Plaid Exchange for more than 350 financial institutions (FIs). “We The tie-up gives Jack Henry customers access to the Plaid network and provides extra security to the 350-plus financial institutions using Jack Henry’s Banno digital platform.

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Fintech San Francisco Community Bank Regional 198

PYMNTS

FEBRUARY 2, 2021

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

Fintech 142

Fintech Miami National Data 142

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.

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Compliance Regulation Fintech Resources 182

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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Fintech Los Angeles Lending Analytics 210

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

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Fintech Payments Data Technology 238

PYMNTS

APRIL 8, 2016

Open Financial Exchange (OFX) is one of the banking industry’s most common APIs, allowing financial institutions to aggregate data and link that information to their financial applications. But with data security becoming a more prominent concern in FinTech, OFX has rolled out a heightened security measure for its services.

Security 100

Security Data America Survey 100

PYMNTS

NOVEMBER 24, 2020

Bank is shifting away from screen scraping in favor of direct data connectivity, but it's not the only financial institution (FI) embracing the data strategy. Bank shifts away from login-based screen scraping toward API-powered data integrations, the FI has announced a partnership with Akoya to accelerate the transition.

Data 151

Data Capital Lending Fintech 151

PYMNTS

JANUARY 29, 2020

Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. Michael Cichy, general manager of the Americas at Palette Software , said FIs continue to face barriers when developing products and services that can compete with agile FinTechs.

Data 131

Data Fintech Management Software 131

PYMNTS

SEPTEMBER 25, 2019

In the continued drive for collaboration between the FI and FinTech, between governments and financial services providers, efforts this past week focused on the Middle East and support for new initiatives. The portal contains APIs that, as reported, “enable developers to quickly build innovative services that securely connect to select U.S.

Fintech 158

Fintech Innovation blockchain Data 158

PYMNTS

JUNE 19, 2020

It was a big week for B2B FinTech startups in Latin America. It’s an attractive market indeed for investors, with not one, but two Brazilian B2B FinTechs making this week’s venture capital roundup. Until then, PYMNTS rounds up the most recent B2B FinTech investment rounds below. Authenticiti. Remessa Online.

America 182

America Fintech Capital Regional 182

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Lackluster customer onboarding authentication is one of the weakest points in most banks’ anti-fraud security systems.

Security 213

Security Innovation Fraud Study 213

PYMNTS

APRIL 8, 2020

financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lendio already secured its approval to facilitate PPP loans, the alternative lender said, noting that small businesses can now apply for a PPP loan on the Lendio platform.

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Lending Fintech America Technology 245

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Security 139

Security Report CA Fraud 139

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Fintechs know how to reach and work with the community.

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Fintech Marketing Community Bank Community 136

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Failing to prevent a data breach is a surefire way to lose that trust, however. Several CUs have fallen victim to data breaches over the years, but many are instituting new defenses to combat such problems.

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Data California Security Pennsylvania 131

PYMNTS

SEPTEMBER 19, 2019

Financial institution Wells Fargo is partnering with data platform Plaid to offer customers the option of managing their finances in one place using an application programming interface (API), Wells Fargo said in a press release on Thursday (Sept. The new agreement also enables users to control what data is shared with Plaid. . “We

Data 131

Data Management Fintech Security 131

PYMNTS

DECEMBER 5, 2019

Data aggregation and analytics platform Envestnet | Yodlee announced that it has signed a data sharing agreement with JPMorgan Chase. Envestnet | Yodlee has already partnered with more than 1,200 financial institutions and FinTech innovators, including most of the top 20 U.S. CEO Zach Perret said at the time.

Data 132

Data United States Community Bank Fintech 132

PYMNTS

DECEMBER 14, 2018

Formosa Financial , a treasury management system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The first phase of their partnership sees Formosa’s FMF token securing compatibility on CoolBitX’s crypto app.

Management 144

Management Security cryptocurrency blockchain 144

PYMNTS

SEPTEMBER 25, 2018

Financial services advisory firm Enterprise Engineering is spinning off a new company to link banks and financial institutions with data management tools. The Ninth Wave Platform is the bridge between FinTech applications and financial institutions, making it one of the most high-performing and secure platforms in the industry.”

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Fintech Data Tools Software 128