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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Sam’s Club is teaming with Humana and other firms to offer discounts on healthcare services to members in Pennsylvania, Michigan and North Carolina.

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Is a cashless future all that it seems?

NCR

It would therefore seem to be “full steam ahead” with banks and the financial technology industry and media on the benefits of cashless, when reading many of these articles. Twenty-five percent of consumers also raised concerns as they feel more prepared and secure using cash. Faster payments still only account for 2.7%

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Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Labs Insights

HQ: Durham, North Carolina. Clarus Financial Technology. Tags: Security, privacy, cryptocurrency, data. Source: Crunchbase. Identity proofing solutions. Latest round: $10.45 million Post IPO equity. Total raised: Unknown. HQ: Melbourne, Australia. Source: Finovate. Latest round: $10 million. Source: Crunchbase.

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Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

15 million to security provider Trulioo. Diversified financial technology provider. HQ: Charlotte, North Carolina. Blockchain technology for businesses. Tags: Enterprise, security, authentication, security, Finovate alum. Another $290,000 to top-off a $750,000 round at Nous. Source: Finovate.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Finovate Fall 2016 Live Blog – Day 1

William Mills

Their technology is basically a card with a built in computer that lets the holder to change a credit card to a different type of credit card, or perhaps even a debit card. Perhaps there is a big bank in Canada that has embraced their technology. From Website: Aleo is a place where you can buy and sell various products and services.

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37 Corporate Innovation Labs In Finance

CB Insights

DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Fidelity — Fidelity Center for Applied Technology (FCAT) and Fidelity Labs. Founded: 1999 and 2005.