Independent Banker

JANUARY 31, 2023

Photo by Rido/Adobe Maximizing each step in the innovation journey, including the fintech evaluation process, will set you on the right path to a fruitful fintech partnership. And you’ll want to maximize each step in the innovation journey, including the fintech evaluation process. This is the year of innovation in action.

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PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Now, he said, “innovation needs to also be incorporated internally. “You

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BankInovation

MARCH 20, 2023

The collapse of Silicon Valley Bank presents an innovation opportunity for fintechs in treasury management as more bank clients look to multibank strategies to ensure security in their capital.

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PYMNTS

NOVEMBER 30, 2020

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. We’ve heard that a hundred times.”.

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PYMNTS

SEPTEMBER 15, 2020

Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. That’s where FinTechs can come in. However, Kikkeri said FIs should consider the robustness of potential FinTech partners’ offerings.

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PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

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Security Fintech Data Fraud 174

PYMNTS

JUNE 8, 2020

Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 He said the firm’s dispute management system is basically deployed across all major credit card and alternative payment ecosystems, but that navigating network rules remains a complex task for retailers who face growing chargeback issues.

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Retail Management Customer Experience Capital 142

PYMNTS

JANUARY 27, 2021

Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app. While subscription management is an issue for consumers, it’s also an issue for banks because there’s a risk that extra money can be taken from the bank account as the data ties are cut between the merchant and customer.

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PYMNTS

JUNE 18, 2019

Movement to foster collaboration between FinTech firms and traditional financial firms continues to gather steam across the globe, aided by government encouragement and initiatives. In one recent example, the U.K. FinTech Alliance debuted this week, with a roster that tops 500 members. In an example of U.K. to the U.S.,

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PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues. “A

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PYMNTS

JANUARY 8, 2021

As CFO, Chana explained his strategy for guiding the enterprise toward a more resilient future through FinTech adoption and a forward-looking viewpoint. It's one thing for an organization to adopt FinTech solutions and platforms that can enable workflows to continue while professionals work from home. Digital Roots. Eyes Forward.

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PYMNTS

NOVEMBER 9, 2020

percent — or nearly $50 billion — for example, CNBC reported. Duke Chung , co-founder and CEO of corporate travel and expense management firm TravelBank , told PYMNTS, for example, "Not having a lot of travel in our industry right now gave us a lot more time to innovate and think about where the future is.".

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PYMNTS

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. “You’re doing your own IT and data normalization,” he noted. In the U.S., ”

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PYMNTS

SEPTEMBER 10, 2019

This kind of alleged misbehavior demonstrates why strong know your business (KYB) practices are critical, explained Zac Cohen, general manager of global identification provider Trulioo in a recent PYMNTS interview. Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. Cohen also detailed the difficulties of good KYB practices.

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Security Fintech Fraud Compliance 185

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Fintech Customer Experience Conference Technology 167

PYMNTS

JANUARY 14, 2020

Visa, management said on the call, will capitalize on what was termed a FinTech-driven evolution that is currently shaping financial services, as well as growing Visa’s core payments business. That activity comes against a larger backdrop where FinTech is gaining ground. Delving Into The Numbers. The money movement?

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PYMNTS

AUGUST 14, 2018

And, according to Cipher , a data insights firm based in the United Kingdom, in FinTech, the patent race is one that is seeing some clear winners, among them large tech firms, with traditional banks trailing. IBM has just under 24,000 FinTech patents in its roster. In another example, open banking solution provider The ID Co.

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PYMNTS

MAY 27, 2020

And, they said, traditional players can find competitive strength by linking up with firms that had previously been viewed as foes (that would be FinTechs). As an example, he pointed to the PPP, which he said stands as a “fantastic version of what you can do in a really short period of time.”

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PYMNTS

MARCH 17, 2017

Those market conditions present interesting obstacles and opportunities for everyone in the banking FinTech space. Reports last week said the merger aims to create a FinTech “powerhouse” as both Misys and D+H evolve their services to meet the more sophisticated demands of the industry. The company will merge with DH Corp.,

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PYMNTS

SEPTEMBER 6, 2018

corporate expense management solutions provider Fraedom , which was recently acquired by Visa , will be providing its commercial card technology to U.S.-based ” said Uma Wilson, UMB senior vice president and director of product management, in a statement.

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Management User Experience Cards Mobile 100

PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them.

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PYMNTS

JUNE 15, 2020

For example, if schools say they can’t develop a whole new financial education course, GLFEC offers strategies for building financial education into existing math or civics classes. FinTech Is A Tool, Not A Replacement For Knowledge. Unfortunately, there is no shortage of logistical hurdles in the way. Money is also typically an issue.

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PYMNTS

MAY 28, 2018

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. The deal is newsworthy because the mainstream view still sees banks and FinTechs as adversaries, each competing for payment and financial services revenue.

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Fintech Examples Pennsylvania Lending 100

PYMNTS

OCTOBER 17, 2018

Corporate treasurers have said they’re interested in a slew of cutting-edge FinTech solutions that experts believe will disrupt financial business management. These professionals widely agreed that positive disruption is on the horizon as a result of FinTech.

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Fintech Survey Analytics Tools 177

PYMNTS

MARCH 13, 2019

But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. “No one wants to wait to get back to the office or their home office to get this information,” he noted.

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PYMNTS

DECEMBER 27, 2018

It may be conventional wisdom to assume that banks and FinTech firms are on opposite ends of the financial services spectrum, where large, asset-rich, traditional financial institutions (FIs) stand in stark contrast to small, bootstrapped tech upstarts, competing for clients’ attention and spend. The Strategy of Process.

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Fintech How To Regulation Payments 184

PYMNTS

OCTOBER 21, 2020

Morgan Chase wants in on small- and mid-sized (SMB) payments and is banking on no-fee QuickAccept to edge out FinTech rivals Square and PayPal, according to a Wednesday (Oct. Square, for example, charges a 1.5% The banking giant’s FinTech solution will be introduced with an associated business checking account. .

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Fintech Conference Cards Payments 309

PYMNTS

MARCH 7, 2018

The whirlwind of FinTech investment shows no signs of slowing. In fact, new data from venture capital (VC) analysis firm CB Insights, analyzed by global management consulting and professional services firm Accenture Financial Services, suggests FinTech startups’ VC funding hit a new high last year, with major deals in the U.S.,

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PYMNTS

MAY 30, 2018

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

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PYMNTS

OCTOBER 2, 2018

The report found that 21 percent believe technology’s greatest impact on their everyday life has been on how they manage money. If you want a tax statement in the middle of the night, for example, you’ll expect to be able to ask Alexa to get that for you.”.

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Management Technology Taxes Survey 108

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. Take the financial services industry as an example. But the real lifestyle upgrade came when you had fintechs like Xoom and PayPal that made payments happen in near real-time.

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Risk Management Data Technology Fintech 195

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Navigating the Canadian fintech market map.

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PYMNTS

MAY 22, 2018

Sage will offer its small business customers of its accounting and business services offerings in Spain B4B Payments’ existing expense management prepaid card solution. This is a great example of how large, established corporates can offer greater choice and value to their customers by partnering with FinTech innovators such as ourselves.”.

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PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. The subject? Not So Black-and-White.

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PYMNTS

JUNE 1, 2017

NatWest is working with SpendLabs to develop a mobile app to help businesses manage their spend. The bank’s collaboration with SpendLabs is part of a broader trend of traditional banks working with FinTechs to enhance their offerings, but there still remains an air of competition between these two sides of the market.

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Management Cards Trends Mobile 115

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

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Community Bank Community Fintech Company 78

PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Making a Difficult Challenge Even Harder.

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