PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. Mizuho is among a growing list of financial services companies around the globe who are embracing FinTech, whether it’s investing in startups, partnering them or buying them outright.

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PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. JPMorgan Ups Security By Blocking FinTechs From Passwords. percent year over year.

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PYMNTS

AUGUST 27, 2019

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business. How California Coast Credit Union is Transforming in the Digital Age.

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PYMNTS

APRIL 7, 2020

While some firms are adjusting the assembly lines of their manufacturing warehouses to produce much needed personal protective equipment, FinTechs have found themselves in a different position to provide valuable assistance. Both categories stand to gain from automated financial technologies. Easing The PPP Loan Burden.

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PYMNTS

AUGUST 30, 2016

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks, such as cybersecurity, interoperability, technology and money laundering and terrorism financing.

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PYMNTS

AUGUST 30, 2016

Singapore is preparing for a FinTech revolution. The small nation is making a big push in support of FinTech innovation by reforming its payment laws. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. .

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PYMNTS

JULY 19, 2018

Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk. Patent and Trademark Office earlier this month for a blockchain-based proof of payment technology.

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PYMNTS

NOVEMBER 17, 2020

Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.

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PYMNTS

AUGUST 7, 2018

If money is a vote of confidence, via investments, then confidence is strong in the tech sector, and specifically for FinTechs. Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., But there can be a sea change afoot that can mix things up a bit. The way it will go?

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PYMNTS

JULY 26, 2020

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.

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PYMNTS

OCTOBER 1, 2020

In today’s top payments news around the world, the United Kingdom may clamp down on late payments to suppliers, while South Korean FinTech Kakao Pay is reportedly gearing up for an initial public offering (IPO). It is working with over 20 financial institutions to create the service. Korean FinTech Kakao Pay Preps For IPO.

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PYMNTS

JUNE 23, 2020

Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. billion euros ($2.1

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PYMNTS

APRIL 21, 2020

The FinTech company SoFi is making its first leap to go global with a big move into Hong Kong. The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there.

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CB Insights

NOVEMBER 21, 2019

GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Download the CB Insights and PwC Canada MoneyTree report to see all the data. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. The 2019 Canadian fintech market map.

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PYMNTS

JANUARY 21, 2021

Globe Telecom’s financial technology division, Globe Fintech Innovations of the Philippines, notched $175 million in additional venture funding in January. Globe Fintech, which is called Mynt, is said to be now looking for more funding — and aiming to get a valuation in excess of $1 billion. billion market cap.

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PYMNTS

SEPTEMBER 24, 2019

“Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said. FinCEN is seeing around 5,000 account takeover reports each month involving approximately $350 million,” he said.

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PYMNTS

JUNE 29, 2020

billion accounting scandal, but restrictions on the collapsed German payments company will stay, Reuters reported. “We We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns, for example that all clients’ money is safe,” the Financial Conduct Authority (FCA) said in a statement. “We

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PYMNTS

NOVEMBER 5, 2018

Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. Tencent is collaborating with Linklogis to build the solution, reports said. B2B is not in our blood.

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NCR

JUNE 7, 2017

These financial technology, or fintech firms, have often been seen as a threat to legacy players, but there’s an increasing recognition that they can also present huge opportunities, if banks are able to effectively collaborate with them. Fintechs are more agile, higher risk tolerant and closer to what consumers want.

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PYMNTS

DECEMBER 24, 2020

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet. At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails.

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PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. And just last week, the People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services.

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PYMNTS

AUGUST 4, 2020

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. 4) that it will offer consumer loans in Singapore along with wealth management products. billion in trust accounts, Grab reportedly halted its collaboration.

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PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). The company announced a $30 million Series B investment round this week, led by Accel, said reports in Fortune. Open Financial Technologies.

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PYMNTS

JULY 14, 2016

Reports on Wednesday (July 13) said Taylor has founded a company to provide financial institutions with a blockchain-based operating system. Dubbed Vault OS, the solution is geared towards banks that need to update their systems with secure technology, he said. Now, he’s taking his talents to a new arena.

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PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan.

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PYMNTS

MAY 27, 2020

CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January. The company said the account is secure and offers rewards for savers with higher interest relative to the national average of transactional accounts. It will be available to U.S.

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PYMNTS

FEBRUARY 14, 2018

just secured more than $97 million through an initial public offering. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. reports noted. An alternative lending conglomerate based in the U.K.

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PYMNTS

OCTOBER 4, 2019

That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. Recent Trends.

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PYMNTS

AUGUST 26, 2016

According to a report by The Wall Street Journal , the new service, dubbed Chase Auto Direct, will be powered by TrueCar , which is an online car-buying site. The idea behind the partnership is to speed up the car-buying process, and it is the latest example of a financial services company getting into bed with a financial technology firm.

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PYMNTS

MAY 3, 2019

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). However, with business owners and entrepreneurs often taking a page out of their personal lives as consumers, the eventual adoption of emerging solutions is an inevitable part of FinTech innovation.

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PYMNTS

AUGUST 23, 2019

FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. WEX focuses on delivering financial technology services across multiple industries including fleet, travel and healthcare.

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PYMNTS

SEPTEMBER 18, 2020

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. billion, as CNBC reported. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. billion garnered only 18 months ago.

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William Mills

FEBRUARY 7, 2017

Free report designed for the financial industry provides vendors and bankers better technology insights and a check against their own technology priorities. Download the full report here. The report also includes research and articles about what technology, solutions and services U.S.

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PYMNTS

NOVEMBER 21, 2018

With FinTech driving innovation and competition in the cross-border payments space, governments can no longer afford to ignore changing and heightening demands for greater speed, transparency and efficiency in global transactions. Reuters reported earlier this month that the Financial Stability Board (FSB) counted a 4.1

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CFPB Monitor

MARCH 8, 2019

The proposed changes are informed by the FTC’s enforcement experience and are intended to keep pace with technological developments. The Safeguards Rule requires financial institutions to have a comprehensive information security program. Requiring periodic reports submitted to the boards of directors to ensure compliance.

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PYMNTS

SEPTEMBER 18, 2020

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. billion, as CNBC reported. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. billion garnered only 18 months ago.

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PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

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