Wed.Dec 05, 2018

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.

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.

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.

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

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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.

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 104

Why The Merchant Countertop Needs A Tech Update

PYMNTS

More Trending

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

PYMNTS

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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.)

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.

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.

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).

Tools 201

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.

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.

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.

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.

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.

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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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.

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.

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

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.

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

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.

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.

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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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.

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.

Role models must lead the way to bridge fintech gender gap

Bobs Guide

The fintech community needs to have more female role models if it is to redress its diversity issues and inspire young women to attempt a career in technology, according to a panel at Fintech Connect in London this week. The 2017 Women in Fintech Powerlist revealed that 30% of the UK’s

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.

Consent dilemma a major hurdle to Open Banking ecosystem

Bobs Guide

Nearly a year on from PSD2 implementation, UK consumers remain none the wiser over the benefits of sharing their data across the financial ecosystem, according to Roland Fejfar, vice president of fintech at Morgan Stanley, who was speaking at FinTech Connect. “72% of UK consumers

India’s SMBs Rebound As Demonetization Dust Settles

PYMNTS

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation. It hasn’t been easy for the nation’s small businesses, however.

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Feedzai rolls out Feedzai Risk Ledger to find and prevent financial crime

The Paypers

(The Paypers) Feedzai has released Risk Ledger, a financial crime prevention tool that uses federated data from Feedzai’s diverse customer base and third-party vendors

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