Wed.Dec 05, 2018

The untold story of Stripe

Chris Skinner

Wired are really good at writing long, wordy essays on things they find of interest. I enjoy them, but not everyone has half an hour to read their musings.

Is #donate The First Step To #buy?

PYMNTS

By almost any measure, John Gossart , COO and Co-founder of fundraising resource Goodworld , has done more than his fair share of public service.

Things worth reading: 6th December 2018

Chris Skinner

Blockchain Banking, In NY And Done In Real Time

PYMNTS

Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank , which is based in New York, is debuting a digital payments platform that is built on blockchain – and geared toward real-time transactions.

Urjanet Uses Utility Data to Expand Access to Credit

Bank Innovation

Urjanet is using utility data to help underwrite loans and widen access to financial services — and it has more utility data than anyone else. The company started in the energy and sustainability space in 2010. (“Urja” means energy.)

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode.

Bank CEOs, Bullish on the Economy for Now, Sound Off on Tech Spend

Bank Innovation

Chief executives at the country’s three biggest banks are sounding bullish on banking this coming year despite a looming threat of recession that some of them helped prognosticate. Throughout presentations and Q&As at the Goldman Sachs U.S.

More Trending

The Future of Fintech Video Series: Galileo Processing

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 116

Marriott CFO On Cost Of Massive Data Breach: Too Soon To Say

PYMNTS

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The Future of Fintech Video Series: Central Payments

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 116

Signature Bank Launches Blockchain Real-Time Payments For Corporates

PYMNTS

New York-based Signature Bank is rolling out a digital payments platform powered by blockchain that enables real-time payments for corporate customers. The financial institution announced on Tuesday (Dec.

Standard Bank’s Ian Putter to Discuss Blockchain at Bank Innovation Ignite

Bank Innovation

Ian Putter, head of unified finance development & innovation at Standard Bank, Africa’s largest bank, will join Bank Innovation Ignite 2019 in Seattle in March 2019 to discuss the bank’s work in blockchain. The event will take place March 11-12 at Seattle’s Hyatt Olive 8 Hotel. You can join the event by registering here. Standard Bank […]. Cryptocurrency Bank Innovation Ignite INV Fintech Standard Bank

Is mPOS The New Nonprofit Nonoptional?

PYMNTS

The holiday shopping season is here — and to capture profits, retailers need to ensure that customers’ payment experiences are as smooth as possible. That means adopting solutions like mobile point-of-sale (mPOS) to avoid the long checkout lines that discourage all but the most diehard shoppers.

Q2’s Acquisition of Gro Came Through an Investor Introduction

Bank Innovation

The digital banking software provider Q2 Holdings announced yesterday it had acquired Atlanta-based digital sales platform Gro Solutions. This acquisition, the second of the year for Austin, Texas-based Q2, came about through a shared investor, Gro CEO David Eads told Bank Innovation. Q2 announced it was buying Cloud Lending, a cloud-based lending platform, in August. In 2017, […]. Capital Exclusive Premium Startups Cloud Lending Croft & Bender Gro Q2

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CoverWallet Expands SMB InsurTech Tool To Brokers

PYMNTS

Small business InsurTech startup CoverWallet is positioning itself directly with insurance brokerages, according to Insurance Journal reports Tuesday (December 4).

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Q2 Acquires Gro Solutions: So What?

Gonzobanker

Digital sales is where the puck has gone, if you look at Q2’s announced acquisition of Gro Solutions and a string of other recent deals.

Retailers Eye Industry-Shaking Innovation With Accelerators

PYMNTS

Retailers are turning to accelerators to drive innovation, and Target is taking its program to the international stage: It is teaming up with Germany’s wholesale and food specialist METRO AG for its cohort this year.

60+ Startups Driving Innovation In Electric Vehicles

CB Insights

Electric vehicles currently make up a small fraction of global automotive sales, largely reflecting concerns around vehicle cost, range length, and charging infrastructure. But with more aggressive government incentives and improvements in vehicle design, the number of EVs on the road will increase substantially. Want the full post? Become a CB Insights customer. If you’re already a customer, login here.

Bitcoin Daily: Overstock Subsidiary Puts $2.5M In ‘GrainPay’; US Govt Works To Make Crypto Transactions Transparent

PYMNTS

Cryptocurrency exchange ErisX announced that it has raised $27.5 million from investors, including Fidelity Investments and Nasdaq Ventures. The exchange is set to launch next year, pending regulatory approval.

Insurtech Front Page Weekly CXO Briefing – InsurTech Upstarts at the Gate

Daily Fintech

The Theme last week was China opening up its insurance market. The Theme this week is InsurTech Upstarts at the Gate. The end of 2018 is coming.

CarMax Shifts Into eCommerce

PYMNTS

National used car retailer CarMax has announced the launch of a new omnichannel buying experience that will be made available first in Atlanta, Georgia. Customers can choose to purchase a car completely from home, in-store, or through an integrated combination of online and in-store experiences.

The Most Active Investors In Banking Automation

CB Insights

Banking automation startups are gaining investor interest because of their direct positive impact on a bank’s bottom line. A record 182 investors have participated in an equity round to a banking automation startup so far in 2018, up from 150 total investors in 2017 and 115 in 2016. Of this year’s investors, 84 had not funded a company in the space in at least the last four years (2013 – 2017). Want the full expert post? Become a CB Insights customer.

Healthcare Payments’ ’30 Pct Of The 30 Pct’ Problem

PYMNTS

Much has changed in healthcare over the last decade. Technology, of course, has helped make strides in how we detect and treat any number of maladies. You can use your watch to monitor how many steps you take, use your phone to set up (literal) facetime with a physician, and pay bills with a tap of a virtual wallet. Online pharmacies deliver cost savings to customers, Amazon is debuting software that mines data and translates physician notes to improve the continuum of care.

The Future of Fintech Video Series: Central Payments

ATM Marketplace

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 67

How Food Packet Startups Are Going ‘Microwave 2.0’ For Authentic Meals

PYMNTS

Startups are often founded out of personal need, and those that specialize in hard-to-find authentic cuisines are no exception. The Buttermilk Company was started after its founder, Mitra Raman, missed her mom’s cooking.

Servicemembers, arm yourself with basic car buying skills—How to trade in your car

CFPB

Don’t let deceptive car ads mislead you when it comes to trading in a car. Info for consumers Auto loans Servicemembers

White House Trials Facial Recognition

PYMNTS

The Department of Homeland Security has published a report detailing how the U.S. Secret Service plans to test the use of facial recognition in and around the White House.

Employee Spotlight: Megan Baierl

Image Works Direct

In order to grow, it is essential that a business continues to seek out and embrace fresh faces and ideas. Luckily for employers, the Millennial generation has been graduating college and venturing into the professional working world

Bitcoin Daily: MGH, Korean Blockchain Startup Pair On Patient Data; FINMA Permit Eases Crypto, DLT Rules

PYMNTS

The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules.

Challenger banks set to struggle with scalability

Bobs Guide

“If you speak to any challenger bank they continue to tell you that customer acquisition is killing them, and users won’t come unless you show them the worth,” said Suchitra Nair, director of regulatory strategy at Deloitte, speaking on the side lines of Fintech Connect in London

How Might NYC’s New Ride-Hailing Minimum Wage Change Things?

PYMNTS

The new year will bring a minimum wage for Uber and Lyft drivers in New York City — that much is clear, even if the new rules on payments are a bit complicated.

Client Note: Baby Tech Boom, Future Healthcare Unicorns, Beauty M&A, Neoantigen Investors, And More

CB Insights

Today, we’re talking about which companies could become unicorns, real estate tech trends, Microsoft acquisitions, and more, including: Investors have baby fever. Future health & wellness unicorns. Real estate tech is heating up. Potential M&A targets for big beauty brands. Microsoft’s acquisition strategy. Investors and companies in the neoantigens space. Investors still love babies. Want the full post? Become a CB Insights customer.

Uber India Had Annualized Bookings Of $1.64B In Q3

PYMNTS

Uber may be exiting some international markets — but when it comes to India, the ride-hailing company is staying put.

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Alibaba inks deal with Spanish retail company

The Paypers

(The Paypers) Alibaba has announced it will jointly work with El Corte Ingle?s s across multiple areas including digital payments, ecommerce, and logistics

Pizza Hut Buys QuikOrder In Largest Acquisition To Date

PYMNTS

Pizza Hut, a unit of Yum! Brands, announced Wednesday (Dec. 5) that it will acquire QuikOrder, an online ordering software and service provider for the restaurant industry. In a press release , Pizza Hut said terms of the deal were not disclosed, but that this is its largest acquisition to date.

Fraud Analytics for Open Banking: Behavioral Profiling

FICO

Digital banking channels are increasingly popular, and behavioral profiling of customers is vital in preventing new types of fraud. The open banking revolution makes understanding each customer’s behavior even more important in preventing fraud by considering all the aspects of transactions.

Facebook Makes Gift Ideas Shareable With Collections

PYMNTS

To potentially help shoppers discover and exchange gift ideas, Facebook is letting its users share collections on its social media platform. The feature allows consumers to share store links as well as posts that they find in their news feeds, Venture Beat reported.