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FinTechs Prove Their Value During Pandemic

PYMNTS

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Don’t Put Too Much Faith In Credit. Or consider Sears.

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Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. It’s not that banks don’t want to go more digital and mobile, he said. Of course, those digital strategies that FIs are (or should be) working on in 2020 can involve a variety of features, tools and offerings.

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VTB’s digital strategy embraces co-operation

The Banker Technology

Olga Dergunova, VTB Bank’s deputy president, hails a new era of co-operation in Russia’s banking industry, not just bank-to-bank but bank-to-fintech and, importantly, bank-to-regulator. Joy Macknight reports.

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Who Owns Digital? Ugh, That’s the Problem for Bankers

Gonzobanker

The bottom line is this: most banks lack the true management leadership and operating disciplines necessary to execute successfully on digital. One of the fatal mistakes many institutions make is viewing digital as falling entirely within the domain of I.T. What Does a Digital Product Manager Do?

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For FinTech, The Age Of Big Bank Collaboration?

PYMNTS

Once less than friends with FinTechs, it looks like big banks are warming to the concept of collaboration with the relatively nimbler tech upstarts. digital operations head Edward Achtner said that the bank has been eyeing such efforts as partnerships. During the discussion, HSBC U.S. Terms of the deal were not disclosed.

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Ayala To Launch Fund Focused On FinTech, eCommerce, Healthcare

PYMNTS

As reported in Deal Street Asia , Ayala Chairman and Chief Executive Jaime Augusto Zobel de Ayala said the focus will be on companies in eCommerce, FinTech and healthcare. The fund is part of Ayala’s strategy to implement digital strategies. “We

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FinTechs Link With FIs Down Under And Beyond

PYMNTS

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The insurance FinTech, said the site, will seek to offer insurance contracts that are binding in real time, whereas traditionally insurance companies have finished the process. million USD.

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