Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Is document gathering and data entry a tedious process?

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JUNE 5, 2020

Providing robust services via mobile channels is especially important now, as the COVID-19 pandemic has caused businesses to operate remotely and consumers to stay at home as much as possible. Such vigilant security means FinTechs must vet new customers and continually review existing ones for changes in their money laundering risk, he said.

Security 174

Security Fintech Data Fraud 174

PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

APRIL 5, 2020

The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms, and will aim to make financial matters more accessible and offer a better, cheaper tracking system. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

Bitcoin 144

Bitcoin blockchain social media Fintech 144

PYMNTS

MAY 12, 2020

Traydstream , a FinTech that looks at trade documents with artificial intelligence (AI), has partnered with Infosys Finacle to implement blockchain technology and further automate trade finance, according to a press release. Consequently, our clients have experienced processing time reduction by nearly 75 percent.”.

blockchain 213

blockchain Compliance Regulation Fintech 213

PYMNTS

AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). ‘Ndrangheta operates from the Calabria region in Southern Italy.

Regional 362

Regional Online Fintech Regulation 362

PYMNTS

NOVEMBER 4, 2020

Plus, Hong Kong's Statrys raises funding for its SMB FinTech, Repay Holdings inalizes its CPS Payment Services takeover, and AlfaBank joins blockchain trade finance network Contour. The issuance of a letter of credit (LC) involves significant amounts of documentation and takes as long as a week. 3) announcement.

Fintech 148

Fintech Atlanta blockchain Payments 148

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

Perficient

NOVEMBER 17, 2020

Some of these solutions were set up in a matter of days, providing immediate results to drive operations forward. Covid-19 caused customers (and banks) to rely more heavily on digital channels and fintech apps. But these changes will have impacts on back-office and contact center operations, and banks face two strategic challenges.

Mobile 294

Mobile Online Conference Customer Experience 294

PYMNTS

JANUARY 26, 2021

And while the concept initially set its sights on elevating the consumer banking experience, the data integration drive continues to expand into new use cases, including business banking, that open up opportunity through bank-FinTech collaboration and data integration. Citi Drives ISO 20022 Adoption With Volante.

blockchain 355

blockchain Data Fintech Technology 355

PYMNTS

DECEMBER 21, 2020

This allows you to speed up the process of obtaining guarantees by the beneficiary and reduce the paper document flow. Using the platform, VTB issued a guarantee for a payment of 392 million rubles ($5 million USD) to telecommunications group MTS PJSC last Wednesday (Dec. 16), in the first blockchain-supported bank guarantee in Russia.

blockchain 206

blockchain Bitcoin Fraud Report 206

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,

Fintech 118

Fintech Capital blockchain Lending 118

Insights on Business

APRIL 5, 2018

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. One approach to accomplish this is to build, deploy and even monetize next-generation apps on the IBM Cloud.

Operations 102

Operations Analytics Software Data 102

PYMNTS

FEBRUARY 20, 2019

Through intelligent automation, our platform provides operational efficiency, improved customer experience, and faster payments, representing a $21 billion opportunity for lenders and borrowers.”. Through its platform, Rabbet aims to bring efficiency, accuracy, and visibility to the construction finance industry.

Fintech 134

Fintech Austin Texas Software 134

South State Correspondent

JULY 12, 2023

Some 57 financial institutions will start with FedNow, including about 42 banks (plus a handful of core systems providers and fintechs). This will allow a richer message than any other payment rail so that senders can attach documents and data within the payment message.

Payments 370

Payments Management Fraud Data 370

PYMNTS

NOVEMBER 11, 2019

The Monetary Authority of Singapore is backing the launch of a new trade finance offering operated by trade facilitation platform provider vCargo Cloud (VCC), a press release said Monday (Nov. MAS, as well as FinTechs from the country’s private sector, have propelled the nation into a global leading position in trade finance innovation.

Operations 100

Operations Compliance Fintech National 100

PYMNTS

NOVEMBER 15, 2019

Documents seen by the FT show Tiger Global Management is nearing the closure of $11 billion in hedge funds (with plans to raise about $3.75 billion for its next private investment fund early next year). Companies are also taking a longer path and achieving more scale.”.

Fintech 101

Fintech Capital Software Management 101

PYMNTS

DECEMBER 8, 2020

. Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. Jumio said the offering can reduce operational costs by as much as 90 percent, eliminate in-person visits and paper costs, and simplify archival processes.

Video 211

Video Report Meeting United States 211

PYMNTS

APRIL 21, 2019

JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. It’s that gap — the 5 to 20 per cent of payments — that have to be assessed by operations where we’re trying to alleviate some of that pain,” he said.

blockchain 197

blockchain Payments Fintech Compliance 197

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Yoco provides businesses with payment management and auditing services, targeting SMBs that struggle to get off cash and paper documents.

Fintech 109

Fintech Capital Lending Software 109

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

PYMNTS

SEPTEMBER 18, 2020

This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. Operating a platform that helps organizations manage their documents, eFileCabinet recently announced $11.5

San Jose 226

San Jose Capital Utah Operations 226

PYMNTS

JANUARY 15, 2021

But it was an embedded finance FinTech that took home more than half of the funding announced. B2B payments FinTech Qolo has announced a $3.8 Based in Germany, Xentral offers small and medium-sized businesses software to help streamline back-office operations including logistics, sales management and accounting. Modern Treasury.

Capital 167

Capital Fintech Operations Technology 167

PYMNTS

JUNE 26, 2018

” The imbalance between what banks offer and what corporates want is documented in other reports. however, TD Bank found in 2016 that 47 percent of professionals said RTPs are not essential to their operations. ” FinTech Companies Hold A Stake. In the U.S., ” This is especially true for smaller community banks.

Strategy 116

Strategy Fintech Payments Survey 116

PYMNTS

OCTOBER 16, 2018

Construction FinTech has evolved to target an array of financial friction points, with delayed payments, a mountain of paperwork and a crowded supply chain of contractors and subcontractors adding hurdles in the financial supply chain. Separate Contract Simply research found that it takes a lender an average of 5.5

Payments 161

Payments Fintech Lending Management 161

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. ” By enabling financial institutions to cross-reference invoices and other trade documents, financiers can mitigate this risk — thus, connecting SMBs to faster, more affordable capital.

Fintech 120

Fintech blockchain Data Capital 120

PYMNTS

JANUARY 26, 2021

In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

South State Correspondent

MARCH 21, 2023

The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. The Risks of Processing ERC There are three material risks associated with this operation – headline, reputational, and operational.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

JUNE 24, 2020

Whether it’s to support a work-from-home environment or to limit physical contact with paper surfaces, migrating accounts payable (AP) operations to the cloud is a must for organizations large and small today.

Meeting 193

Meeting Tools Resources Fintech 193

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. It will also explore additional services like licensing and legal document support. with an $18 million investment.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

SEPTEMBER 30, 2016

The letter of credit , a necessity in global trade deals, sees a buyer’s bank issuing the document to a supplier’s bank to ensure that a supplier will get paid. According to Gray, BAML and Microsoft have already created a successful proof of concept.

blockchain 100

blockchain Fintech America Technology 100

PYMNTS

JULY 10, 2017

The bank said Friday (July 7) that it has completed its first distributed ledger-based trade finance transaction between Australia and Japan, with data and document sharing successfully transmitted between parties using blockchain. The bank is also working to promote FinTech innovation in other ways. and Sompo Japan Nipponka Insurance.

blockchain 100

blockchain Fintech Industry Data 100

PYMNTS

JULY 30, 2020

Marsalek was in charge of running operations for the FinTech company, which was once a darling of the tech scene but has now been disgraced by an international money-laundering scandal unfolding since last month.

Fraud 176

Fraud Report Fintech Company 176

PYMNTS

DECEMBER 29, 2020

The CBK’s latest policy document outlines proposals on tap that could change the way FinTechs and mobile payments firms operate. The public is invited to comment on the report through Jan.

National 160

National Policies Mobile Payments 160

Abrigo

FEBRUARY 23, 2022

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Knowing Your Customer.

How To 195

How To Lending Software Survey 195

PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request.

Taxes 223

Taxes Report Financial Technology Digital Banking 223