PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. Speeding Up Wages. Among the largest, she said, is an accelerating pay cycle. Unlike the U.S., A Higher Technological Standard.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

FEBRUARY 29, 2016

Just because businesses are interested and willing to adopt payments innovations doesn’t mean it’s going to happen. markets that could be slowing down the digitization of electronic B2B payments. markets that could be slowing down the digitization of electronic B2B payments. The adoption curve, especially in the U.S.,

Innovation 100

Innovation Fintech Tools Technology 100

PYMNTS

AUGUST 7, 2020

PYMNTS spoke with Dewan about the changing nature of corporate and consumer payments as well as how the emerging FinTech scene has influenced this field and how the ongoing pandemic has placed even more stress on banks to meet these expectations. Growing numbers of FinTechs are also forcing banks to innovate or be left behind.

Payments 301

Payments Fintech Innovation US 301

PYMNTS

JULY 25, 2019

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

Fraud 164

Fraud Marketing US Resources 164

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.

Fintech 141

Fintech Risk Management Compliance Management 141

PYMNTS

MARCH 28, 2019

As outlined in the new Credit Union Innovation Playbook , a collaboration between PYMNTS and PSCU , trust is essential for CUs’ success. As outlined in the Playbook, data security and anti-fraud initiatives are top innovation priorities for members and CU executives. In fact, 81.3 For example, 49.1 In fact, 33.3

Fraud 139

Fraud Innovation Fintech Security 139

PYMNTS

NOVEMBER 26, 2019

PYMNTS’ Credit Union Innovation Index found that CU members may not prioritize the latest technologies as much as bank and FinTech customers do, but they still value easy-to-use mobile apps and online capabilities. Meeting customers’ expectations and desires is a key goal for all enterprises, and credit unions (CUs) are no exception.

Marketing 131

Marketing Sacramento Data Mobile 131

PYMNTS

FEBRUARY 8, 2018

percent of domestic and cross-border payments in December 2017, SWIFT found, with the company’s Head of Payments Markets, Asia-Pacific, Michael Moon noting, “Experts suggest that capital controls and uncertainties over future regulations mean that a significant reversal of the decline in RMB usage for trade and payments is unlikely in 2018.”.

Innovation 111

Innovation Payments blockchain Analysis 111

PYMNTS

MARCH 16, 2017

We were surprised to see businesses actively selling into markets because they had a vehicle to receive payments there, and they were actively avoiding other markets because they didn’t know how to get paid there,” Moen said of Flywire’ s conversations with companies revealing their B2B payment pain points. Time For Change.

Marketing 109

Marketing Payments Compliance Innovation 109

PYMNTS

DECEMBER 16, 2016

Though many financial institutions recognize the opportunity to help middle-market businesses automate their AP payments, they have not been able to fully capitalize on the opportunity. Here the elusive payments opportunity meets or, in fact, doesn’t meet, the elusive audience: accounts payable automation for middle-market firms.

Marketing Automation 100

Marketing Automation Marketing Cards Payments 100

PYMNTS

JULY 10, 2020

trillion by 2024, it’s small wonder that so much investment and innovation keeps pouring into the space. Financial access to, and inclusion in, new foreign markets will certainly create post-pandemic fortunes. As reopening and reinvention rolls inexorably forward, changed markets require fresh ways of doing things.

Payments 142

Payments Strategy Marketing Fintech 142

PYMNTS

DECEMBER 6, 2017

Collaboration between FinTechs and banks. And, much to the relief of corporates, the continuing focus on B2B payments innovation. We are definitely seeing more innovation in the cross-border B2B space in the last two years than we have ever before,” he recently told PYMNTS. “We That’s where FinTech comes in.

Payments 183

Payments blockchain Innovation Fintech 183

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

PYMNTS

MARCH 17, 2017

One area in which we’ve seen innovation break through recently may come as a surprise: insurance. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. PYMNTS: How is blockchain technology impacting the FinTech industry overall? And it’s not specific to FinTech.

blockchain 127

blockchain Industry Bitcoin Innovation 127

FICO

MAY 7, 2018

I recently had the opportunity to attend LendIt Fintech USA , a leading event discussing financial services innovation. Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry.

Innovation 77

Innovation San Francisco Data System 77

PYMNTS

DECEMBER 9, 2019

But the situation is righting itself as dynamic market forces reshape payments. That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. No unified definition of “gig economy worker” has emerged from the government. Paper checks are history, and that’s okay.

Millennials 130

Millennials New York City National New York 130

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

MAY 3, 2018

For many in the financial services world, though, implementing innovations is easier said than done. According to Bruce Parker, CEO of cloud-based payment utility Modo , the chief obstacles to implementing today’s innovations are those of yesterday.

System 187

System Innovation Technology Payments 187

PYMNTS

NOVEMBER 9, 2017

Thanks to competitive pressure from FinTechs, traditional banks are often pressured to keep pace with innovation and meet evolving needs of their small business (SMB) customers. The financial services industry is under a profound transformation, driven by new entrants: FinTechs.”. You wouldn’t normally hear a bank say this.

Survey 101

Survey Fintech Meeting Innovation 101

Insights on Business

SEPTEMBER 18, 2016

Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and leaders are born. The revised directive PSD2 aims to build interconnections between traditional banks and TPPs, many of whom are FinTechs. Value-Added Services = Profits for Banks. Find more information here.).

Marketing 70

Marketing Payments Compliance Security 70

PYMNTS

DECEMBER 26, 2016

Look For Innovation In Unlikely Places. The payments space is rapidly expanding, and as new entrants continue join the fold, Weiss noted that there’s plenty of opportunity to discover innovation in unlikely places. I think innovative ideas can ignite from inside the payments industry but outside it as well.

Payments 125

Payments Innovation Bitcoin Tools 125

PYMNTS

AUGUST 10, 2017

Innovation can sometimes be seen as a solution looking for a problem, but it’s time to stop thinking of technology as bells and whistles and start looking at it as a necessary element of doing business for a changing consumer base – and up against a changing landscape of challenges and threats. That’s a 6.75 2 in the space worldwide.

How To 136

How To Risk Management Technology US 136

Insights on Business

JULY 20, 2017

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The digital markets maker. What is “open banking”? Examples of open banking in practice.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

SEPTEMBER 23, 2019

Barnum grew a series of small but well-marketed performances of human oddities into a full-blown traveling circus/freak show extravaganza for 146 years before the “big top” folded forever in 2017. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. and Barnum & Baily Circus.

Payments 152

Payments Innovation Connecticut Policies 152

NCR

DECEMBER 15, 2016

One of the early innovators, Pebble, attracted so much hype it set a record for the most-backed project on Kickstarter, while the arrival of mobile giant Apple into the sector in 2015 was a sure sign the tech had reached the mainstream. The post Do wearables have a future in the payments market? appeared first on Banking.com.

Marketing 40

Marketing Payments Apple Innovation 40

PYMNTS

OCTOBER 7, 2016

Stephen Ufford , founder and CEO of Trulioo , said businesses are focused on creating efficiencies in order to have room in their roadmap for the unknown, which also means they are consuming the tools available in the market today at a faster rate. ” Ufford asked. A New Regulatory Reality.

Compliance 197

Compliance System Industry Regulation 197

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. When I look at it from a U.S.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

AUGUST 21, 2018

It was the biggest round raised by a private firm, and according to outlets like Reuters , helped paved the way to a listing on public markets. The company has stated that there never was a timeframe set for the IPO, and the implication there is that nothing was ever definitive. be a market to be more firmly embraced later?

Capital 101

Capital Marketing Analysis Policies 101

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. FinTechs led this charge and fueled much of the innovation. But that’s just the beginning. In the first place, not all instant is created equal.

Payments 151

Payments Fraud Fintech Security 151

Celent Banking

APRIL 25, 2016

Threat of fintechs is also a reality. Over 80 fintechs in Brazil and 60 in Colombia are a good sense that the industry is already being challenged beyond incumbents. As part of its strategy to position the bank as different and innovative they launched this advertising campaign featuring Usain Bolt.

America 100

America Digital Banking Strategy Fintech 100

PYMNTS

JUNE 20, 2018

“These definitions that have popped up, and the segmentation that goes on, sometimes complicates it for banks,” he said. ” His criteria for identifying a micro-business is any small business without a chief financial, marketing or innovation officer. “We tend to overthink it.” ”

Community Bank 101

Community Bank Community Fintech Survey 101

CFPB Monitor

AUGUST 21, 2018

In seeking to harness the potential benefits that can come from data aggregation, the Treasury report firmly supports the inclusion of these market participants. ET, Ballard Spahr will conduct a webinar, “More Than Just Fintech: What Are the Important Takeaways for All Consumer Financial Services Providers from Treasury’s Sweeping Report?”

Data 84

Data Report Regulation Security 84

Insights on Business

JUNE 28, 2018

The key difference with these topics, which both play into the open banking agenda, is that they enable banks to innovate with the systems they already have in place. Through this initiative, we are already seeing the start of more a more competitive, collaborative and innovative banking industry. A time for change.

System 130

System Innovation Industry Technology 130

PYMNTS

NOVEMBER 22, 2016

And while that trend is universal, the Asia-Pacific region is a particular hotbed for mobile FinTech. MC Payment , a startup based in Singapore, is a FinTech startup in the region that is riding the B2B mobile payments wave. million from investors in Thailand, which will also help the company enter the Thai market.

Regional 100

Regional Mobile Payments Trends 100

PYMNTS

MARCH 11, 2020

With the digitization of the ecosystem and rapid emergence of FinTechs over the last decade, any company in business longer than six months old seems old, and anything that’s been around for more than five years seems ancient. The digital wallet was definitely going to be the firm’s undoing, an emerging line of conventional wisdom went.

Fintech 144

Fintech Colorado Payments Meeting 144

PYMNTS

OCTOBER 19, 2017

While banks and rival FinTech companies are often able to more quickly adopt and release new technological solutions to their customers, one of the areas in which credit unions have managed to be highly competitive with their financial rivals is customer service. Additionally, the competition in the local market is tight.

Innovation 108

Innovation Tennessee Resources Regulation 108

PYMNTS

MAY 11, 2017

For example, some businesses are turning to APIs to offer eCommerce solutions to help them tap into the online market which, by some accounts , is expected to be worth $1.3 With such a staggering amount of money up for grabs, it’s little wonder that SMBs are seeking solutions to tap the online market’s potential. Venturo said U.S.

Innovation 143

Innovation Mobile ATM Tools 143