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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. ” The Monetary Authority of Singapore determined last year that it would issue up to five virtual banking licenses to enhance competition and innovation. Winners will be announced in mid-2020.

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Wells Fargo Hires Payments Expert, Fintech Entrepreneur to Innovation Group

American Banker

Wells Fargo's innovation group has appointed Peggy Mangot for the newly created position of senior vice president of its design and delivery leadership team.

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2021 GonzoBanker Awards

Gonzobanker

The merger of equals activity in 2021 was sky high, primarily because banks with pinched margins from low rates worked to grabbed scale. From nowhere, sizable regional players are being created. Bank Merger of the Year. GonzoBanker of the Year – Bank. The Bank That Gets Fintech. Has to be M-O-E.

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Why Merchant Services Are Key To Small FI Deposit Growth

PYMNTS

The conversation happened at a time of big change for legacy financial institutions, given the payment innovation and aid to upstart challengers coming from PSD2, the ongoing consumer move to mobile-focused financial services and other factors. Services Ecosystem. However, that’s only part of it.

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Making omni-channel a reality – Part 1: The six key drivers for any omni-channel strategy

NCR

It highlighted the example of a large regional bank in the US that saw cash loan sales rise by 28 percent per month and current account sales jump by 38 percent per month thanks to stronger links between its digital and traditional channels. Then there is the issue of technology. Introducing the Omni-Channel Wheel of Fortune.

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Temenos to Acquire Kony: So What?

Gonzobanker

This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. Leadership and board members. A decade of online payments innovation. TABLE OF CONTENTS. PayPal and Square emerge as leaders in the payments space. Focus on developers.

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