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PayPal, Mastercard Champion Bank-FinTech Alliances

PYMNTS

At the World Economic Forum in Davos, Switzerland, executives of PayPal and Mastercard touted partnerships between financial technology companies and banks as a positive way to gain customers’ trust and innovate new ways for customers to interact with their finances. On Tuesday (Jan.

Fintech 194
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SMB Funding Embraces The Open Banking Way

PYMNTS

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. Visa Launches FinTech Collaboration Initiative In Europe. Poland's mBank Taps Treasury Pricing FinTech.

Fintech 220
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Galileo, Plaid Integrate To Streamline ACH Transfers

PYMNTS

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Plaid is connected to more than 11,000 financial institutions.

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Mastercard: Collaboration Is Key To Scaling Real-Time Payments

PYMNTS

As Shultz emphasized, collaboration – between corporates, banks, FinTechs and the broader payments ecosystem – will be essential to lifting those barriers. “At the center of their design is an understanding that the technological ‘lift’ will not be part of the equation.”

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Citi Teams With Cachematrix To Revamp Online Investing Experience

PYMNTS

Cachematrix , a software as a service (SaaS) FinTech, specializes in making cash control easier. The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “The

Online 100
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Fintech challengers – a threat or an opportunity?

NCR

The disruption caused recently by the emergence of a wide range of new financial technology (Fintech) players has been a huge jolt for the banking sector, and reminded traditional players that they cannot afford to be complacent in the face of these competitors. An opportunity for collaboration. ” An effective approach?

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Uncovering The Value Proposition In FinTech Innovation

PYMNTS

Historically, he continued, banks have taken to focusing too narrowly on the back end of payments — the plumbing and mechanics, as DeLuca described it — rather than the front-end, end-user experience. There really has to be a strong reason to change.”.