Sat.Dec 22, 2018 - Fri.Dec 28, 2018

Russian Central Bank Ends FX Competition

PYMNTS

The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies.

The Future of Fintech Video Series: Intuit Consumer Group

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 155

The Finanser’s Week: 17th December – 23rd December 2018

Chris Skinner

The main blog headlines are … The top blog posts of 2018 Just looking through the stats for the last year and it gives you an insight into what’s hot and what’s not.

Maine 151

Online Lender WeLab Is Said to Delay $500 Million Hong Kong IPO

Bank Innovation

WeLab Holdings Ltd., which filed an application in July to list on the Hong Kong stock exchange, will postpone its $500 million initial public offering, according to people with knowledge of the matter.

Online 130

Google Gets EU eMoney License

PYMNTS

Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services.

Google 276

The Future of Fintech Video Series: Steady

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 142

Food regulator FSSAI issues guidelines for ecommerce food companies in India

The Paypers

(The Paypers) The national food regulator Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines to step up scrutiny of ecommerce food companies

More Trending

Blockchain Tech Disrupts The Corporate Payments Status Quo

PYMNTS

Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.

The Future of Fintech Video Series: Bank Novo

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 137

Could Square be the first global small business bank?

Daily Fintech

Late last week we learned Square was back for round two of its banking licence application. The company was reported to be reapplying for the license , after withdrawing its initial application earlier this year. While the bank will be Utah based, it isn’t hard to imagine the U.S.

Utah 80

How Wells Fargo Gateway Opens the Bank to the Outside World

Bank Innovation

Imran Haider, head of Wells Fargo Gateway and its APIs, says the bank is positioned to be a leader in developing the behind-the-scenes software that will provide the product customization and flexibility customers will come to expect.

Uber Seeks Driver Lawsuit Settlement Before IPO

PYMNTS

Uber, gearing up to launch an initial public offering (IPO) in the first quarter of 2019, is offering to settle with drivers who have been fighting the ride-hailing company via individual arbitration.

Report 270

Top 10 most read mobile payments news stories of 2018

Mobile Payments Today

The year 2018 will be remembered as a transformational year in the evolution of mobile payments. It's time to take a look back at the top news items of 2018. This is part 1 of a series looking at the top stories of 2018. Part 2 will look at articles

Mobile 135

Bilibili, Taobao announce business collaboration in ecommerce

The Paypers

(The Paypers) Bilibili and Taobao have entered into a business collaboration agreement in content-driven ecommerce and commercialisation of Bilibili’s IP assets

75

5 People to Watch in 2019

Bank Innovation

Bank Innovation's list of people to watch in 2019 include the head of a large bank, the head of a community bank, a regulator, an investor with money to burn and the head of one of the biggest fintechs in the industry. The people on the list were chosen by BI's editors and are listed in […].

Kuwait Bank Taps Ripple For Online Banking

PYMNTS

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon. NBK Direct Remit allows for instantaneous money transfers around the clock.

Online 266

Top 10 mobile payments news

Mobile Payments Today

The year 2018 will be remembered as a transformational year in the evolution of mobile payments. It's time to take a look back at the top news items of 2018. This is part 1 of a series looking at the top stories of 2018. Part 2 will look at articles

Mobile 129

Busy year ahead expected for insurtech

Bobs Guide

2019 is set to be a year defined by collaboration in the insurance sector. In an October Capgemini survey, 96% of respondents said they were looking to collaborate with insurtech firms in some way. 77% said that “partnering to develop a new solution” was their preferred approach.

Survey 107

Even Financial Scaling Up to Power API-Based Customer Acquisition

Bank Innovation

By the time the API-powered recommendation platform company Even Financial announced this month that JPMorgan Chase executive Nadine Murray joined the team as senior vice president of strategy, it merely capped off a year of big moves for the New York City-based fintech.

2018 Recap: The Year In Grocery Innovations

PYMNTS

Shoppers had new opportunities to buy groceries without having to walk through the aisles of their local supermarkets or wait in line at checkout counters this year, as grocers rolled out digital innovations in shopping and payments.

Top Concerns about Using Payment Authentication

Mobile Payments Today

Current cardholder authentication approaches to combat card not present fraud introduces friction in the transaction process. View our latest infographic on CNP Trends in the Middle East and how FSS ACS 2.0 can help

Fraud 122

Insurtech Retrospect, a review for 2018

Daily Fintech

The Theme last week was blockchain still alive in InsurTech. A late Merry Christmas and an early happy New Year to dear readers of DailyFintech! At the end of the year, we bring you the theme for this week: Insurtech Retrospect, a review for 2018. This is a tough year for investors and startups.

4 Notable 2018 Bank-Fintech Partnerships

Bank Innovation

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting.

2019 To See Increase In Nation-State Cyberattacks, Ransomware

PYMNTS

Will the New Year bring an increase in cyberattacks? According to one security expert, the answer is, unfortunately, yes. According to Robert Ackerman, Jr.,

The Future of Fintech Video Series: Echo

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 122

YayPay raises USD 8.4 mln for its accounts receivable service

The Paypers

(The Paypers) Fintech startup YayPay has raised another USD 8.4 million for its software-as-a-service solution focused on collecting money from outstanding invoices

Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline

Bank Innovation

The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that fewer people are paying by check or withdrawing cash from ATMs. Card payments increased 10.1% by number and 8.4% by value from 2016 to 2017.

ATM 130

2018 Recap: B2B Payments Innovation Welcomes Bank-FinTech Collabs — And Beyond

PYMNTS

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms.

Blockchain my heart – Q4 of 2018

Daily Fintech

Time Stamp this past October! It was a decade since the Halloween white paper titled ““Bitcoin: A Peer-to-Peer Electronic Cash System” was sent to a mailing list of the few select cryptographers.

Google receives e-money license in Lithuania

The Paypers

(The Paypers) Google has obtained e-money license in Lithuania, securing permission to offer financial services across the European Union

Why ‘Collaborate to Innovate’ Begins with Diverse, Energized and Motivated Talent

Bank Innovation

In my career to date working for innovative fintechs – including my current role at Finastra – I have had great opportunities to create, build and structure high-performing teams, and have enjoyed every minute of it.

Maine 130

First Data: 2018 Was The Year Of The Store

PYMNTS

Glenn Fodor, SVP and head of First Data Insights, contributed the following piece as part of PYMNTS’ 2018 year-end eBook.

Data 259

How 20th century banking systems fail the 21st century bank customer

ATM Marketplace

Trying to cater to bank customers' needs with 40-year-old systems is as impractical as driving a 1970s car on today’s highways, according to Suresh Ramamurthi, chairman and CTO of CBW Bank. Here, he explains to Tim Tang, Director of Enterprise Solutions at Hughes, why banks must replace core applications rather than attempting to build on them

BBVA and Porsche – Is DIY Corporate lending on Blockchain the future?

Daily Fintech

Earlier this month, BBVA announced an acquisition term loan offering on Blockchain, where they lent $170 Million to Porsche. An acquisition loan is a loan given to a company to purchase a specific asset or to be used for purposes that are laid out before the loan is granted.

5 Notable Fintech M&A Deals in 2018

Bank Innovation

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2 billion. iZettle is […].

Bitcoin Daily: Bank Of America Mulls Blockchain ATMs; India Eyes Cryptocurrency Legalization

PYMNTS

The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk.

What is the future of data-driven advertising?

Dataconomy

The digital advertising market has doubled in size over the past five years, with the total ad spend in Europe approaching €50 billion, according to the IAB. The success and continued growth of the market is reliant on the massive volumes of data produced each day – an estimated 2.5 quintillion. The post What is the future of data-driven advertising? appeared first on Dataconomy.

Data 60