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). .

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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. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

Strategy 190

Strategy Report Lending Fintech 190

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

JUNE 23, 2020

GME) one of the largest payment financial technology companies in South Korea, according to a Tuesday (June 23) announcement by MoneyGram. Our new partnership with GME, one of the fastest-growing fintech companies in a key market, will further support this strong digital growth.”. has partnered with Global Money Express Co.

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PYMNTS

SEPTEMBER 29, 2020

This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. He added that the new partnership “will provide great benefit not only to banks and central infrastructures” but to merchants, their customers and financial technology companies (FinTechs).

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PYMNTS

JANUARY 26, 2021

Bloomberg reported that People’s Bank of China Governor Yi Gang said regulatory agencies are, in relation to Ant, still looking into issues surrounding potential monopolies. While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank.

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Regulation Groups Financial Technology Online 238

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

Fraud 318

Fraud Analytics Report Financial Technology 318

PYMNTS

JUNE 18, 2020

In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18).

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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. Ant is the financial arm of Alibaba, which could be the world’s biggest eCommerce company. The company did not elaborate.

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PYMNTS

NOVEMBER 5, 2020

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. Britain’s Competition and Markets Authority already approved the Visa/Plaid deal in August. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

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PYMNTS

JUNE 26, 2020

Brussels is seeking an investigation into the Federal Financial Supervisory Authority ( BaFin ), Germany’s financial regulatory authority, for its failure to supervise Wirecard, the Financial Times reported. On Monday (June 22), he was arrested on charges of misrepresenting Wirecard’s accounts and market manipulation.

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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. It reported nearly $4 billion of debt to creditors, after it revealed that $2.1

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PYMNTS

JUNE 29, 2020

s proposed Libra, CoinDesk reported. Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency. A decision on its coins, seen as a competitor of Bitcoin, is expected this year.

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PYMNTS

JANUARY 21, 2021

Bloomberg reported Thursday (Jan. That could happen under Chinese regulators’ proposals to curb market concentration in the country’s online payments market, Ant, best known for its Alipay payments service, calls itself a financial technology company (FinTech). That was then.

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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.

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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

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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.

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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. banking license.

San Francisco 264

San Francisco Digital Banking Financial Technology Innovation 264

PYMNTS

JULY 7, 2020

The court-appointed administrator guiding Wirecard AG’s insolvency said dozens of investors have emerged to buy what’s left of the Munich-based payments company, Reuters reported. Jaffe said sale processes are underway for other international holdings as well as Wirecard’s core business, the news service reported.

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Fraud Financial Technology Meeting Report 191

PYMNTS

NOVEMBER 15, 2018

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). According to a report in CNBC citing Coinmarketcap.com, the market cap of bitcoin was at $98,194,458,586 overnight.

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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. But it has also led to two firms controlling more than 90% of the mobile payments market.”

Industry 190

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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.

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PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play.

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PYMNTS

OCTOBER 23, 2018

In other news, $8 million worth of digital tokens have reportedly gone missing from the cold storage devices of Swiss crypto exchange Trade.io , The Next Web reported. ” 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. .”

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William Mills

MARCH 27, 2018

William Mills Agency, the largest independent public relations and marketing firm specializing in the financial industry, announced today it has entered into a formal relationship with TrendKite to provide comprehensive reporting capability to clients. To see more about the agency’s use of TrendKite, visit [link].

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PYMNTS

NOVEMBER 14, 2017

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. Researchers announced East & Partners’ new report, “Financial Technology and the Corporate,” on Monday (Nov.

Tools 179

Tools Fintech Survey Analysis 179

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. We increased daily active customers by 231 percent and the number of paying customers grew by 139 percent.”.

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

FEBRUARY 14, 2020

STC Pay, a digital wallet that is part of the Saudi Telecom Company, has teamed up with payments company Moven Enterprise to launch a new challenger bank in the country, according to reports. STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency.

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PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. According to a report by Reuters , while FinTechs may not be red hot in the U.S., million, according to the report. and the U.K.

Fintech 159

Fintech Capital Financial Technology Report 159

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. Once a $28 billion FinTech leader, Wirecard has reported debt of nearly $4 billion after it revealed that $2.1

Fraud 150

Fraud Community Groups Regulation 150

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. billion, as CNBC reported. billion garnered only 18 months ago.

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PYMNTS

DECEMBER 6, 2018

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

Data 116

Data Millennials Financial Technology Tools 116

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. East & Partners outlined its findings in the Treasury FinTech Index, which surveyed treasurers across geographic markets. He noted that the U.S.

Fintech 100

Fintech US Financial Technology Technology 100

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The agencies each stated that they plan to take action to address GAO’s recommendations,” reports said.

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Perficient

JULY 11, 2022

Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.” This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

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Fintech Trends South Dakota Apple 474

PYMNTS

FEBRUARY 19, 2019

Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. The report noted that banking systems embedded on mobile phones are popular in emerging markets, including in China, India and Kenya , driven in part by private-sector FinTechs.

Fintech 173

Fintech System Mobile Payments 173

PYMNTS

OCTOBER 22, 2018

financial technology startup backed by Goldman Sachs , is expanding overseas. Investing.com , citing a Reuters report, said that the company, which helps other startups issue payment cards, has set its sights on London and has already hired five employees and signed up customers. Marqeta , a U.S. The expansion into the U.K.

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