The diversity of financial technologies

Chris Skinner

I do adjust the … The post The diversity of financial technologies appeared first on Chris Skinner's blog. I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I don’t. Fintech Grid

SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. SoFi CEO Anthony Noto said in the announcement, “SoFi has established itself as a leader in the fintech sector, providing our more than one million members a full array of financial products to help them get their money right.”. Partnerships / Acquisitions acquisitions Galileo Financial Technologies News SoFi What's Hot

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Four Emerging Trends Driving Financial Technology Through 2020

Strategically Speaking

The world of financial technologies has bee n experiencing dynamic changes in recent years. Commercial Lending Future Ready Financial TechnologyAs we prepare to enter 2020, it is important to look at how the past 10 years have shaped our industry and highlight emerging trends that are likely to dominate the software development landscape in the next 12 months. Here are the top four trends that are likely to impact future software development in the year ahead.

The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. Clearly, there’s still a long way for SMEs to go before they fully embrace FinTech – and the latest research on the topic reinforces the notion that small businesses aren’t using technology the way some may have hoped.

Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019. Out of 151 responses, 28% or 42 people […].

Financial Technology Company Cross River Raises $100 Million In Funding

PYMNTS

Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. Cross River’s client base includes startups and financial services firms, including Affirm, Best Egg, Upstart and RocketLoans as well as financial technology companies like Coinbase and TransferWise. “We

Financial technology needs rules of engagement

Payments Source

Policymakers and industry officials should join forces in creating regulations and standards for cryptocurrencies, artificial intelligence and other innovations before they become more widespread. Cryptocurrencies Fintech regulations Fintech Bitcoin Payments

10 Financial Technology Podcasts: Mortgage, Banking and More

William Mills

Here are some of our favorite financial technology podcasts to help you squeeze a little more professional development into your day We all know keeping up with the latest fintech news and continuing to expand your knowledge is important, but actually making time to do so is easier said than done. Enter the podcast.

American Financial Technology Awards 2015 – And The Winners Are…

Perficient Financial Servies

The American Financial Technology Awards were announced on Monday evening in New York. A full-write up of the award winners will be forthcoming, but here is the list of the leaders in financial technology for 2015: Best Global Deployment – Nomura Securities. Best Technology Executive, Buy Side – John Marcante, Vanguard Asset Management. Best Technology Executive, Sell Side – Oliver Bussmann, UBS.

Visa buys stake in Swedish financial technology company Klarna

Payments Source

is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets. Visa Inc. Online payments Consumer lending Visa

Edward Jones Partners With SixThirty to Support Financial Technology Startups

Let's Talk Payments

LOUIS, MO – April 18, 2017 – Financial services firm Edward Jones today announced a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech). Fintech News Edward Jones news SixThirty US

Financial Technologies in Africa: Driving Much More Than Financial Inclusion

Let's Talk Payments

The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. Financial Inclusion Fintech Innovation Insights Mobile Payments Personal Finance Management Asia Europe insights USHowever, mobile money.

Busting Myths and Facing Facts about Financial Technology Integration

ATM Marketplace

Don’t fall prey to some of the most pervasive myths about technological integration in your bank or credit union. Here’s the cold, hard facts

Nine William Mills Agency Clients Represented in the 2020 Best Places to Work in Financial Technology List

William Mills

William Mills Agency is thrilled to see so many of our clients represented in Arizent (formerly SourceMedia) and Best Companies Group’s annual 2020 Best Places to Work in Financial Technology list. This annual survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry.

Why Asia Will Dominate the World of Financial Technology

Let's Talk Payments

If there is one region to lead the world into the next generation of financial technology innovation, it is Asia. Despite common belief spread by media coverage that the western. Banking Commerce Data Analysis Fintech Funding hub Innovation Insights Popular Asia Europe insights US

Financial technology – do we really need to rip up the roads?

BankNXT

The advance of technology doesn't mean everything changes for financial services overnight, or does it? Financial technology – do we really need to rip up the roads? Banking Fintech challenger banks Chris Skinner digital trends financial technology innovation startups technologyChris Skinner explains. on BankNXT.

This week’s podcast: Do we need a National Financial Technology Commission?

CFPB Monitor

In this podcast, we are joined by Tom Vartanian, who leads the Financial Regulation & Technology Institute of George Mason University Antonin Scalia Law School, to discuss his proposal for the President and Congress to establish a National Financial Technology Commission. Regulatory and Enforcement Technology

House Financial Services Committee establishes financial technology and artificial intelligence task forces

CFPB Monitor

Last week, the House Financial Services Committee established two task forces , one on financial technology and the other on artificial intelligence. The “Task Force on Financial Technology” will examine the current legal framework for fintech, how fintech is used in lending, and how consumers engage with fintech. Artificial Intelligence Federal CFS Monitor FinTech artificial intelligence house financial services committee

MoneyTech 2017 to Bring Together Best Minds in the Financial Technology Sector in Day-Long Conference

Let's Talk Payments

MoneyTech 2017, Asia’s premier Financial Technology Summit, will bring together a gamut of thought leaders in a day-long conference to deliver the deepest discussions about the future of digital finance. Fintech News news

Rethinking the middle office: Solving buy-side challenges with financial technology

Bobsguide

Once considered simply a conduit between the front and back office, the middle office is playing a more active part in the investment process for buy-side firms. New regulatory mandates require support for collateral management, risk reporting and commission unbundling. Expansion into new

House Financial Services Task Force on Financial Technology to hold Nov. 21 hearing on the role of big data

CFPB Monitor

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. The Task Force is expected to explore, in part, a legal framework for big technology firms that have entered the financial marketplace. Mr. Don Cardinal, Managing Director, Financial Data Exchange (“FDX”).

Financial Technology & Security Startups: Join the Ultimate Startup Ecosystem

Let's Talk Payments

Plug and Play Tech Center, the world’s largest global technology accelerator and venture fund, is opening applications for for Plug and Play FinTech’s Fourth Batch. Press Release} SUNNYVALE, CA, May 16, Accelerators Fintech Funding news US

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Worldpay and Georgia Tech’s ATDC Financial Technology Partnership Yielding Strong Results

Let's Talk Payments

million in funding ATLANTA (April, 11, 2016): A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing financial. 8 startups in program have already raised $16.8 Accelerators Fintech Funding Innovation Insights Money Transfer Payments aFundia Freeing Returns Groundfloor insights Split TradeRocket US

Ensenta signs partnership with Engage Financial Technology

The Paypers

(The Paypers) Ensenta has announced they have partnered Engage Financial Technology , to enable customers to use mobile devices to load funds to payment cards

Cards 15

FinovateFall Sneak Peek: Aspire Financial Technologies

Fintech Labs Insights

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. The post FinovateFall Sneak Peek: Aspire Financial Technologies appeared first on Finovate. A look at the companies demoing live to 1,500+ fintech professionals on September 8 & 9, 2016. Register today.

Personal Service in the Time of Social Distancing

Strategically Speaking

Community financial institutions are known for their personal service. As visits to the branch dip, the personal service that financial institutions offer inside the branch can no longer remain confined there. Community Banks Financial Technology Digital BankingTellers know your name. You know theirs. Real relationships form. But what happens when a pandemic breaks out, schools shut down, and we’re all told to shelter at home?

Financial technology hub to help Montreal startups grow

The Paypers

(The Paypers) Finance Montréal , a financial sector industry group, has announced the launch of a new program that will encourage the growth of financial technology startups in the city

New Greenlight Financial Round Pushes Valuation Past $1.2B

PYMNTS

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. Greenlight’s purpose-based mission of bringing financial literacy to families is massively impactful.” We’re super excited to back this amazing leadership team who is introducing financial services to an entirely new demographic.”. Investments funding Greenlight Financial Technology News What's Hot

PSCU Finalizes Purchase Of Card Issuer Primax

PYMNTS

PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release. Partnerships / Acquisitions Acquisition client Credit Union digital financial technology News pandemic payments Primax PSCU What's Hot

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Why Not All FinTech Providers Are FinTech Firms

PYMNTS

Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A A firm that offers financial technology is not necessarily a FinTech,” said Provenir Managing Director Paul Thomas, who thinks the distinction between the two needs to be clearer. FinTech is a term that’s become synonymous with innovative, agile and digital-first financial services companies,” said Thomas.

The next big thing in financial technologies: quantum computing – Part 2

The Paypers

(The Paypers) In 2018, George Gesek , the CEO of NOVARION Systems made an insightful introduction on quantum computing to The Paypers’ readers, worthy of a follow up

NY Fed Creates FinTech Advisory Group

PYMNTS

The organization will “provide bank leaders with a high-level platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer organizations,” the statement said. Banking federal reserve financial technology FinTech New York Fed News regulations What's Hot

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US Treasurers Fall Behind On FinTech Investment

PYMNTS

Treasurers from the largest corporations are more likely to invest in newer financial technologies, found a new report from East & Partners and Contentive Media. Reports released last week said researchers found that, across the globe, treasurers at the largest corporations are investing more in financial technologies than their peers at smaller firms.

Why Virtual Assistants Need Context To Be Smart Digital Bankers

PYMNTS

Its suggestions about mortgage financing are helpful, even intuitive, and take the stress out of remembering to plan each step of a financial journey that is life-long and can get side-tracked amid the busyness of daily routine. True AI, he said, allows the system using the technology to find the true meaning of how a word is being used, even when a word can have multiple meanings.

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US Bank Looking To Sell Its Payment Unit, Elan

PYMNTS

By sending real-time alerts via My Mobile Money, financial institutions can communicate directly with debit cardholders to confirm transactions, which will not only reduce the risk of a payment being declined due to fear of fraudulent activity, but can also prevent false positive card blocks. Our financial institution clients are always looking for new ways to provide their debit cardholders with fraud prevention options,” said Troy Cullen, president of Elan, at the time. “By

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