PYMNTS

JANUARY 3, 2020

It’s the end of the first workweek of the decade, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into faster payments for education, seven 2020 trendlines when it comes to the connected economy and news on Samsung’s Neon “ artificial human. ”.

Payments 108

Payments Samsung America Trends 108

BankInovation

NOVEMBER 3, 2021

With new research finding racial disparities in small business lending, one fintech is examining how artificial intelligence (AI) and automation can help improve fairness and reduce inefficiency that may be present in traditional lending processes. billion Citizens Financial Group, $203.9 […]. Reston, Va.-based

Lending 97

Lending Financial Technology Strategy Groups 97

PYMNTS

JANUARY 24, 2020

The crypto could be a joint effort between private firms and the government, which would help Japan tap into worldwide shifts in financial technology, as the Parliamentary Vice Minister for Foreign Affairs Norihiro Nakayama told Reuters. The first step would be to look into the idea of issuing a digital yen,” Nakayama said.

cryptocurrency 252

cryptocurrency Financial Technology Report Groups 252

PYMNTS

MAY 26, 2020

The firm intends to utilize the new funds to keep speeding up product development and to grow U.S. It noted that many organizations with the inclusion of Hugo Boss, Adecco Group and Bertelsmann already utilize TIS. Banks can then link with modern financial technology customers as a result.

Payments 191

Payments Leadership Technology Management 191

PYMNTS

JULY 15, 2020

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG , the collapsed payments company that is facing a series of criminal allegations. ESMA said they will conclude the inquiry by the end of October.

Regulation 141

Regulation Guidelines Groups Report 141

PYMNTS

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. The Emerging Payments Association (EPA), an industry trade group, urged the FCA to lift its Wirecard freeze as soon as possible. “We authorities.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

JANUARY 26, 2021

So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on? While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank. Ant is a spinoff from Chinese billionaire Jack Ma’s Alibaba Group.

Regulation 238

Regulation Groups Financial Technology Online 238

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Furthermore, the company’s team said that funds were taken to two crypto exchanges, Bancor and Kucoin.

Bitcoin 191

Bitcoin blockchain Groups System 191

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.

Data 173

Data Google Fintech Groups 173

PYMNTS

NOVEMBER 3, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. In language from the Shanghai exchange translated from the Mandarin by CNBC and sent to Ant, the exchange noted, “Your company has also reported significant issues such as the changes in financial technology regulatory environment.

Lending 199

Lending Meeting Groups Regulation 199

PYMNTS

JANUARY 7, 2019

Welcome to The Axis, your late look at payments news from around the world. fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. In addition, U.K. ”

Cards 168

Cards Groups Payments Regional 168

PYMNTS

NOVEMBER 2, 2020

The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon Hu about the upcoming $37 billion initial public offering (IPO), according to a Financial Times report on Monday (Nov. Shares are scheduled to begin trading on Thursday (Nov.

Groups 131

Groups Regulation Financial Technology Report 131

PYMNTS

DECEMBER 4, 2019

A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less than a millisecond for both retail and institutional investors. Phemex has been in the beta testing phase for several weeks, and started trading on Nov. These things will just take time.”.

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Bitcoin blockchain New York cryptocurrency 131

PYMNTS

JANUARY 21, 2021

It all started in November when the Shanghai Stock Exchange acted to delay his Ant Group’s plan to go public, after he met with Chinese regulators. Before the scheduled initial public offering (IPO) was canceled, Ant Group was worth an estimated $316 billion. Ma is also the founder of the Alibaba Group. That was then.

Regulation 140

Regulation Groups Online Video 140

PYMNTS

FEBRUARY 24, 2020

Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. The deal lays bare the growing need for financial services groups to accumulate data. The company is now worth more than $74 billion.

Financial Technology 150

Financial Technology Data Software National 150

PYMNTS

JUNE 9, 2019

This presents a unique systemic challenge to financial stability and efficiency, and one I hope we can touch on during the G20, and address in a cooperative and consistent fashion.”. “But The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

APRIL 5, 2020

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

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Bitcoin blockchain social media Fintech 144

PYMNTS

JULY 17, 2020

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. While Wirecard touted deals with SAP SE, Zurich Insurance Group and SoftBank Group Corp.,

Fraud 150

Fraud Community Groups Regulation 150

PYMNTS

FEBRUARY 16, 2020

In 2019, Softbank invested $130 million in Kaszek Ventures and bought a $100 million stake in Valor Capital Group. In addition, it will continue direct investments in venture capital firms. SoftBank is also partnering with the Correlation One foundation to start an 11-week training course for future AI experts, he said. .

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Fintech America Regional Capital 174

TheGuardian

FEBRUARY 19, 2023

The 38-year-old co-founder of British financial technology company Revolut, wearing a tech bro’s uniform of jeans and a sweater, had been listening to Hunt set out his vision of the UK as “the world’s next Silicon Valley”, in a speech last month at the media group Bloomberg’s London headquarters.

Fintech 72

Fintech Financial Technology Groups Innovation 72

PYMNTS

NOVEMBER 8, 2018

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). USD) a year into financial technology companies. has been a hotbed of FinTech startups.

Guidelines 192

Guidelines Fintech Retail Financial Technology 192

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 B-Social offers a social finance app and a beta debit Mastercard, which allows its customers to keep a close eye on daily spending and track where money is going, and also creates groups between people to split bills and keep a record of who owes what.

Fintech 176

Fintech Groups Lending Financial Technology 176

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The McKinsey observances also came amid news this week that SimbaPay , based in the U.K.,

Fintech 167

Fintech Guidelines Mobile Training 167

PYMNTS

NOVEMBER 14, 2017

has been notably slower — four years ago the Fed began officially turning to banks, financial technology companies, businesses and consumer groups to encourage to find ways to speed payments. Bancorp, JPMorgan Chase & Co, Citigroup, PNC Financial Services Group and SunTrust Banks — in the next month.

Payments 193

Payments Boston System New York 193

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. At the start of the year, Mitsubishi UFJ Financial Group invested more than $700 million in Grab. Grab also has received $2.6

Strategy 137

Strategy Management Groups Innovation 137

PYMNTS

JULY 6, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. Last fall, Paytm had a deal to secure $2 billion in a new financing round in preparation for competition with other payment services, including Facebook’s Libra and Flipkart’s PhonePe.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

PYMNTS

FEBRUARY 16, 2020

Though it saw some gains in the financial technology business, it had losses when it came to ride-hailing investments, like the one it had in Spain’s Cabify.

social media 169

social media Policies Operations Financial Technology 169

PYMNTS

JUNE 13, 2019

Financial technology company Revolut has ventured beyond Europe and into Australia as of Thursday (June 13), according to a report. Canada, New Zealand, Japan and Singapore. In other Revolut news , the company has more than double the complaints from customers that rival Monzo received between 2015 and 2018.

Fintech 100

Fintech Cards Financial Technology Trends 100

PYMNTS

MAY 11, 2020

A wholesale CBDC, restricted to a limited group of financial counterparties, would be largely business as usual,” Mersch said in the opening speech on Monday (May 11) at Consensus: Distributed. However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”. We have to be ready.

Retail 130

Retail Conference Maine Policies 130

PYMNTS

SEPTEMBER 16, 2019

As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” said Georg von Waldenfels, EVP of group business development at Wirecard. Through our global strategic partnership with Wirecard , we plan to continue driving our international expansion forward,” Wang said. “We

Cards 170

Cards Innovation Financial Technology National 170

PYMNTS

SEPTEMBER 18, 2019

It also will discuss how to deal with potential problems and challenges that come from using digital financial technologies. 16), global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies. On Monday (Sept.

cryptocurrency 135

cryptocurrency blockchain Policies Groups 135

PYMNTS

AUGUST 10, 2019

Cash App, a smartphone-based money transfer service operated by financial technology company Square Inc., That represents a big generational change in the world of hip-hop, which, due to technological changes and other factors, has arguably had more impact on global culture than rock and roll and jazz did in the 20 th century.

San Francisco 169

San Francisco Trends ATM Groups 169

PYMNTS

MARCH 7, 2019

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. Ant combined that with Hoperun’s experience in the finance market to create the DCBP solution, it said in the press release. “We

Technology 198

Technology Financial Technology Management Capital 198

PYMNTS

JANUARY 22, 2019

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

Fintech Apple User Experience Examples 194

PYMNTS

APRIL 30, 2019

The government said that, in the wake of Brexit, roughly 100 financial firms have applied to set up shop or expand operations in Ireland. The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financial technology and multinational companies.

Fintech 189

Fintech Regional Operations California 189

PYMNTS

FEBRUARY 16, 2020

Though it saw some gains in the financial technology business, it had losses when it came to ride-hailing investments, like the one it had in Spain’s Cabify.

social media 140

social media Policies Operations Financial Technology 140

PYMNTS

FEBRUARY 14, 2018

The companies were grouped together between 2014 and 2017 after investments and acquisitions by Arrowgrass Master Fund Ltd., TruFin Chief Executive Officer Henry Kenner said, “The highly experienced management team at TruFin and our group companies are passionate about the opportunities to grow our niche lending businesses.

Lending 122

Lending Capital Groups Financial Technology 122