PYMNTS

JULY 27, 2020

The Wall Street Journal reported on Monday (July 27) that Visa and Mastercard each fined Wirecard in excess of $10 million more than a decade ago for suspicious transactions. Visa and Wirecard declined to comment, according to the report. Typically, merchants pay 2 percent to 3 percent transaction fees for U.S. credit card purchases.

Report 151

Report Fraud Cards Financial Technology 151

PYMNTS

MAY 6, 2020

In a recent conversation with Karen Webster, Flywire CEO Mike Massaro discussed the unique predicaments that make cash flow management and forecasting in the time of coronavirus an immense challenge for the higher education system. Adopting payment technologies to react to these new models’ revenue changes will be essential, too.

Management 159

Management Strategy Policies Industry 159

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

MAY 6, 2020

In a recent conversation with Karen Webster, Flywire CEO Mike Massaro discussed the unique predicaments that make cash flow management and forecasting in the time of the coronavirus an immense challenge for the higher education system. Adopting payment technologies to react to these new models’ revenue changes will be essential, too.

Management 160

Management Strategy Policies Industry 160

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.

Fintech 248

Fintech Cards Regional Management 248

PYMNTS

DECEMBER 6, 2020

will hire 200 people before launching publicly in early 2022, Bloomberg reported. Bloomberg reported that Charles Wong , who will be chief executive of the new digital bank, said in an online briefing Friday night that the 200 new hires will work in technology in general — and in some cases, financial technology in particular.

Digital Banking 170

Digital Banking Operations US Financial Technology 170

PYMNTS

JULY 1, 2020

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . The launch, first reported by Les Échos, is expected to be revealed by the 24 banks as early as Thursday (July 2). .

System 327

System Payments Cards Groups 327

PYMNTS

FEBRUARY 8, 2017

But thanks to strides made in financial technology, consumers now have the ability to automate practically any bill payment, as well as a plethora of financial planning tools. Duke University’s financial research lab, Common Cents, teamed up with MetLife Foundation on financial behavioral research and today (Feb.

Report 100

Report Customer Experience Fintech Financial Technology 100

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. of India (NPCI). percent business stake per news in January. Zomato was valued at $3.55

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. The company said that the move was an effort to promote more “rational” spending habits among users, Reuters reported. The company did not elaborate. Chinese regulators are looking to strengthen the rules for FinTechs.

Groups 242

Groups Cards Regulation Fintech 242

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

NOVEMBER 5, 2020

By buying Plaid, Visa would reportedly gain access to 200 million consumer bank accounts and 2,600 financial technology apps that would help the company further push into areas like real-time payments and digital wallets. However, Visa rejects the Justice Department’s claim that that would create an illegal monopoly.

US 343

US San Francisco United States Policies 343

PYMNTS

JULY 15, 2020

The report comes as a number of big banks have also reported trading volumes are up as they report their earnings. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May. Our total users have nearly tripled since January.

Samsung 162

Samsung National Millennials ATM 162

PYMNTS

FEBRUARY 16, 2020

billion, Bloomberg reported on Friday (Feb. We are focused on investing in companies that could achieve long-term profitability,” Andres Freire, a managing partner and head of SoftBank’s Southern Cone region, said during a roundtable with reporters in Buenos Aires. .

Fintech 174

Fintech America Regional Capital 174

PYMNTS

APRIL 16, 2019

Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. As reported, Singapore has been working on other cross-border initiatives as well. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe.

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. Such modernizations could help financial departments process invoices more quickly and easily.”.

Payments 160

Payments Cards Report Tools 160

PYMNTS

JANUARY 15, 2019

-based corporate payments and treasury technology company AccessPay , reports in The Telegraph said on Sunday (Jan. Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. and U.S.,

Security 143

Security US Payments Big Data 143

Fintech Labs Insights

AUGUST 30, 2016

Aspire was created in 2015 with a vision of re-imagining the technology infrastructure in the alternative and asset-backed lending markets. Data management and analytics tools to provide standardized data reviews. Integrated loan processing, reporting and analytics tools. Aspire will demo the Aspire Gateway platform. Presenters.

Financial Technology 16

Financial Technology Technology Analytics Leadership 16

PYMNTS

JANUARY 13, 2021

Globe Fintech Innovations of the Philippines, which is Globe Telecom’s financial technology division that runs the GCash digital wallet, has raised $175 million in further venture funding. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

Video 130

Video United States Mobile Payments 130

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. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Bitcoin 191

Bitcoin blockchain Groups System 191

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.

Strategy 137

Strategy Management Groups Regional 137

PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. The agency did note, however, that it will deal with “errant VC managers” on a case-by-case basis and continue to retain its powers to regulate venture capitalists.

Regulation 183

Regulation Capital Fintech Innovation 183

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. As a new national bank, Varo joins the world’s most respected system of financial institutions and has the opportunity to become a household name as many other national banks have become.”.

National 172

National Fintech San Francisco Connecticut 172

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.

blockchain 151

blockchain Meeting Operations Financial Technology 151

PYMNTS

SEPTEMBER 6, 2019

landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far.

Fintech 155

Fintech Capital Lending Operations 155

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. But the deal collapsed, the India Times reported , and Paytm hired former Coverfox CEO Premanshu Singh as senior vice president and the head of its insurance business.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

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

JULY 2, 2020

Boost will enable straight-through-processing for BMO Harris Bank’s Approve2Pay Corporate Card solution, enabling that card product to facilitate automated processing, remittance reporting and efficiencies for both buyer and supplier. ” Mastercard, EedenBull Expand Into APAC. Global Cash Card’s Legal Saga Ends.

Cards 208

Cards New York Capital Compliance 208

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.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

PYMNTS

DECEMBER 9, 2019

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. 9), citing sources.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. Technology, he said, is key to that endeavor. “As JD.com, Suning.com Spark Concerns. Regulators Step In.

Fraud 128

Fraud Regulation Report Management 128

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for help, The Wall Street Journal (WSJ) reported. Rosati got a $30,000 PPP loan from a financial technology company and transferred the funds to Grasshopper Bancorp Inc. ,

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

OCTOBER 16, 2018

OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

Lending 108

Lending Online Conference Software 108

CFPB Monitor

SEPTEMBER 14, 2022

The results of a recent poll on buy-now-pay-later (BNPL) conducted on behalf of the Financial Technology Association (FTA) indicate that BNPL products are viewed favorably by a strong majority of adults who have used BNPL. BNPL has a positive force on the financial future of its users.

Regional 78

Regional Financial Technology Examples Report 78

PYMNTS

MARCH 6, 2020

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141

Capital Fintech Meeting Washington 141

PYMNTS

OCTOBER 31, 2016

Treasurers from the largest corporations are more likely to invest in newer financial technologies, found a new report from East & Partners and Contentive Media. Across geographies, Asia holds the highest percentage of treasurers directly investing in financial technologies, according to the report.

Fintech 100

Fintech US Financial Technology Technology 100