Bank Innovation

APRIL 29, 2019

BNY Mellon's three key financial technology executives added last month were given the directive to pursue investments and fintech partnerships in natural language processing, rule-based automation systems and robotic process automation (RPA), Bank Innovation has learned. The initiatives had previously not been disclosed.

Technology 199

Technology Financial Technology Innovation Fintech 199

PYMNTS

JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. Ant Group had $263 billion in outstanding consumer loans as of June 2020.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

OCTOBER 23, 2018

.” The Bank of Canada , TMX Group and Canada’s payment system teamed up for a test to settle and clear mock stocks using the blockchain, Bloomberg reported. The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash.

Bitcoin 191

Bitcoin blockchain Groups System 191

Bank Innovation

MAY 14, 2018

Most veterans of the financial technology space can confess to some cynicism about new technology and products. Consumers, especially those with genuine day-to-day financial struggles, don't seem to see much improvement. We're all still waiting for blockchain and mobile payments to transform the financial system.

Fintech 170

Fintech blockchain Financial Technology US 170

PYMNTS

AUGUST 4, 2020

Such dealings involve companies such as small business lending platform Kabbage , Ansonia Credit Data and B2B credit and payments systems provider MSTS. The complicated transaction includes commitments for a $250 million common stock private placement from investors that include Franklin Templeton and Wellington Management Company.

Fintech 159

Fintech Software Lending Financial Technology 159

BankInovation

APRIL 27, 2022

Loan origination systems driven by artificial intelligence (AI) are becoming table stakes among U.S. banks, credit unions and financial technology providers conducted this year by Brighterion, a unit of MasterCard, and […].

Survey 98

Survey Financial Technology System Technology 98

PYMNTS

JULY 11, 2019

The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come. It was also noted that customers, merchants and drivers will have additional access to bank products such as small business lending as well as insurance.

Lending 100

Lending Financial Technology Online Community 100

PYMNTS

JULY 29, 2019

At the time the transaction was announced, the companies said users would benefit from a “highly complementary combination” that offers a range of payments and financial services, spanning account processing and digital banking, integrated payments and the Clover POS system, among other products and services.

Data 185

Data Leadership Taxes System 185

PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

Retail 219

Retail Payments Bitcoin Policies 219

Urs Bolt

OCTOBER 17, 2018

Fintech to facilitate inclusive financial system establishment in China, say experts. He said China’s traditional financial systems need further improvement in regulatory oversight for peer lending and investment product suitability as well as managing personal data with regard to KYC (know your client).

System 28

System Fintech blockchain Innovation 28

CFPB Monitor

JULY 17, 2019

As readers of our blog know, our consumer financial services group has been at the forefront of legal developments involving new technologies. Click here for more information about the team and its experience in providing regulatory guidance, advice on product development and transactions, and handling litigation.

Fintech 60

Fintech United States cryptocurrency Groups 60

South State Correspondent

SEPTEMBER 20, 2023

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

Management 195

Management Survey Industry Community Bank 195

Bobsguide

MAY 25, 2022

London — May 16, 2022 — Mindtree , a global technology services and digital transformation company, and Finastra , a leading financial technology provider, today announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service.

Management 113

Management Payments Innovation Technology 113

PYMNTS

OCTOBER 9, 2019

“Typical sextortion scams claim to have installed malware on recipients’ systems and recorded their browsing history of adult websites and webcam footage. Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

MAY 26, 2017

It’s not like building nuclear reactors or railway systems. Reuters noted that Yamada wouldn’t say more about the projects but did say the venture is gearing up to conduct an export transaction in June using blockchain technology. It takes forever,” said the executive.

Fintech 100

Fintech blockchain New York Risk Management 100

PYMNTS

FEBRUARY 16, 2017

After all, if a company has worked so hard to develop some type of financial technology, why would they want to lend that technology out to just about anyone? What we see with businesses is the need for there to be integration across more of the systems and platforms they use,” Galit explained.

Payments 189

Payments Software Tools Technology 189

PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

Retail 100

Retail Payments Bitcoin Policies 100

CFPB Monitor

MAY 18, 2016

on “Supporting Responsible Innovation in the Federal Banking System.” ” The forum will bring together representatives from banks, financial technology companies, and community and consumer groups to discuss developments, opportunities, and challenges related to financial innovation.

Innovation 68

Innovation Washington Risk Management Fintech 68

PYMNTS

MAY 28, 2018

The deal is newsworthy because the mainstream view still sees banks and FinTechs as adversaries, each competing for payment and financial services revenue. An example of that motivation came in late May when HPS , which sells payments software, announced the launch of an API designed to help FinTech innovators integrate into banking systems.

Fintech 100

Fintech Examples Pennsylvania Lending 100

Fintech Labs Insights

JULY 18, 2016

Lending platform Cloud Lending Solutions recently announced a partnership with Japanese technology company Fujitsu. Fujitsu will help Cloud Lending Solutions distribute CL Originate , CL Lease , CL Loan , and CL Collections to its large and small business customers in Japanese and ASEAN markets.

Lending 12

Lending San Francisco America California 12

Jack Henry

SEPTEMBER 6, 2019

Fortunately, this is coming at a time when the evolution of financial technology and data analysis has opened the door to affordable and efficient methods of doing just that. This opportunity has begun to be realized as big data organizations start merging their technology with commercial loan monitoring systems.

Big Data 60

Big Data Analysis Financial Technology Data 60

PYMNTS

APRIL 7, 2020

The company does not traditionally offer loan origination software for banks, but with its digital account opening capabilities already in place, the FinTech was able to wield its technology to facilitate the PPP lending process for FIs. Both categories stand to gain from automated financial technologies.

Fintech 166

Fintech Technology Operations Company 166

Insights on Business

FEBRUARY 19, 2016

In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management.

Fintech 132

Fintech Video Lending Industry 132

Insights on Business

DECEMBER 27, 2017

We are sharing more of our personal data, and that lends itself, despite with all the security measures in place, ripe for further fraud. Banks are not only about profits but also engage in social good to improve the world through financial empowerment. However, with convenience still there is risk involved.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. GO-JEK’s payment system GO-PAY rolled out last year, accounting for more than half of the startup’s transactions.

Apple 159

Apple Mobile Fraud Branding 159

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. “And you may find yourself living in a shotgun shack And you may find yourself in another part of the world And you may find yourself behind the wheel of a large automobile…” -David Byrne.

Technology 145

Technology Regional Community Bank Community 145

FICO

SEPTEMBER 30, 2022

Neeti Aggarwal manages the financial technology and innovation research at The Asian Banker. With over 19 years’ experience, she specializes in banking, technology and fintech developments across Asia Pacific, Middle East and Africa. Neeti Aggarwal, CFA senior research manager, The Asian Banker.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

AUGUST 4, 2017

faster payments system. The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

Insights on Business

FEBRUARY 19, 2016

In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management.

Fintech 93

Fintech Video Lending Industry 93

Insights on Business

FEBRUARY 19, 2016

In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management.

Fintech 70

Fintech Video Lending Industry 70

PYMNTS

AUGUST 27, 2019

Financial technology continues to grow more sophisticated, but many of these innovations are solely for the large banks and FinTechs that can afford them. Common member complaints include inadequate security and slow payment times, problems that can be addressed with open banking systems. About the Tracker.

Data 122

Data Report Los Angeles California 122

Insights on Business

FEBRUARY 19, 2016

In today’s highly digitized and connected world, several lean and nimble organizations are making profound business impact challenging the traditional banking models in domains such as Payments, Lending and Wealth Management.

Fintech 70

Fintech Innovation Lending Video 70

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Companies here range from alternative trading systems to financial modeling and analysis software. or (2) leverage technology to provide lending products directly to end-users.

Fintech 93

Fintech Marketing US Technology 93

Let's Talk Payments

NOVEMBER 16, 2016

While accessible consumer credit options have been widely expanded with financial technology startups to the extent of not being a major problem, accessible business credit is still a tough question.

Fintech 40

Fintech Financial Technology Technology Company 40

Lex Sokolin

AUGUST 25, 2020

Some are coding crypto projects, hoping to bypass the whole system entirely and make something new. Finance, as a systemic function of our society, is now increasingly becoming packaged as embedded finance. If we are all on our phones, then we will have banking and lending on our phones. And so the story of the Internet?—?including

Community 52

Community Fintech US cryptocurrency 52

Independent Banker

OCTOBER 29, 2014

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. The reality is that the marketplace today is controlled by legacy payments systems,” says Steve Mott, principal at the mobile payments consulting firm BetterBuyDesign in Stamford, Conn.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

JANUARY 20, 2021

Fitzmaurice highlighted other key pain points CFOs discovered to be particularly acute, including cash management, as well as cross-border payments that have historically been dependent on the notoriously opaque correspondent banking system.

Data 314

Data Strategy System Operations 314