PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. In the latest Faster Payments Tracker® , PYMNTS examines developments in instant payments adoption around the world, and what may be holding back some FIs from investing in new systems. Around the Faster Payments World.

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PYMNTS

SEPTEMBER 29, 2020

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. ACI is a payment-systems company headquartered in Naples, Fla.

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PYMNTS

JANUARY 14, 2021

The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Pakistan Preps Instant Payment System. Wells River Savings Bank Joins The RTP Network.

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Vermont System Innovation Payments 157

PYMNTS

APRIL 9, 2020

economy, and some of the most vulnerable during economic downturns, yet their needs are overlooked by financial technology solution providers that limit compatibility to a small number of ERP systems,” said MineralTree Chief Product Officer Elle Kowal in the release. “Middle-market businesses are absolutely critical to the U.S.

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PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Companies then, of course, have the operational side of the costs and the associated headcount. FinTechs, such as Modo, handle the technology and the data security issues.

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PYMNTS

NOVEMBER 5, 2020

In theory, the system could eventually allow consumers to bypass credit cards and transfer money directly from their bank accounts to a merchant’s account. This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates.”.

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PYMNTS

NOVEMBER 12, 2020

The Financial Stability Board this month issued a warning for financial institutions (FIs) that outsource key technologies and functions, warning of " systemic risk " associated with too much reliance on a third-party partner. But it may not always be smooth sailing ahead. In the U.K.,

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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. But numerous attempts to locate Reynolds since then have been futile, and he has not responded to requests from investigators.

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PYMNTS

APRIL 10, 2020

Financial technology innovation has opened the doors to massive transformation of corporate finance departments. Inaccurate or incomplete data not only bogs down operations, it elevates the risk of errors in financial reports. It’s only very recently that we have embraced technology as a game-changer for us.”.

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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 payment system, called CoDi, is slated to launch in March. It’s not clear whether a state system in Mexico will be easy to use.

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PYMNTS

JUNE 23, 2020

In an announcement made last week, the community bank said the integration will support customers that seek “new functionality” from their banking service providers, according to Chief Information Officer DJ Seeterlin, who added that customers “need financial technology tools that align with their personal and business needs.”

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PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

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PYMNTS

AUGUST 3, 2020

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”

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South State Correspondent

SEPTEMBER 20, 2023

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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PYMNTS

OCTOBER 15, 2020

But the faster payment systems are showing advantages, too, he said. All of these new instant payments systems around the world are being built on the ISO 2002 standard,” said Waterhouse. We've got a common messaging framework, this data rich environment where also we’re operating 24/7. So that is certainly an aspiration.

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PYMNTS

APRIL 29, 2019

Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports.

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PYMNTS

JUNE 20, 2016

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.

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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.

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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. To operate beyond Chongquing, Ant would be required to apply for new licenses.

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PYMNTS

JULY 14, 2016

You may not have heard of this engineer, but if you use an Android smartphone, you probably use his technology. Reports on Wednesday (July 13) said Taylor has founded a company to provide financial institutions with a blockchain-based operating system. Now, he’s taking his talents to a new arena.

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blockchain Google System Fintech 100

PYMNTS

MAY 17, 2019

It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones. As it stands, almost 200,000 desktops at over 1,500 banks as well as buy-side firms tap into the company’s operating system. Reuters reported.

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PYMNTS

FEBRUARY 17, 2020

To that end, Benjamin Wong, CEO and co-founder of the Singapore-based cross-border payments platform TranSwap , told PYMNTS that technology – and the platform model – can help make SMB expansion efforts a bit smoother. Beyond the cost of the transactions themselves, there’s a palpable drag on operations.

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PYMNTS

FEBRUARY 28, 2018

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. Big Data and even artificial intelligence and other technologies [will] help our bank to predict and analyze economic and financial conditions more effectively.”. “Big

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blockchain Big Data cryptocurrency Bitcoin 105

Bobsguide

SEPTEMBER 19, 2022

Banks are depending on the cloud to build better systems for the future, but legacy technology is holding 62% of them back. The growing need to overhaul these systems is what powered GFT’s leap on the 2022 IDC FinTech Rankings. Financial companies are doubling down on IT. Bettering customers around the world.

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Fintech Taxes Customer Experience Industry 68

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance.

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PYMNTS

DECEMBER 18, 2020

“Companies are adjusting their AP practices to better suit work-from-home operations, according to recently released results of a survey taken from May to June. financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The poll of 325 U.S.

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PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Uber Turns App Into ‘Everyday Operating System’. Today in the payments news roundup, the U.S. payments ecosystem implications. Congress Presses Fed On Real-Time Payments Plan .

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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.

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Perficient

JULY 11, 2022

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

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PYMNTS

SEPTEMBER 24, 2019

“Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”. Using a cloud-based solution will boost transaction speed, consistency and security.

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Payments New York Security Operations 119

PYMNTS

OCTOBER 4, 2019

With the transaction now complete, Fiserv is one of the world’s largest payment and financial technology providers. Another earthshaking deal was Global Payments and Total System Services (TSYS), which entered into a merger valued around $21.5 Such reviews will also often touch upon their credit card operating models.

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Payments Cards Trends Fintech 176

PYMNTS

NOVEMBER 3, 2019

The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange. FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency.

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blockchain Software Fintech Maine 101

PYMNTS

APRIL 7, 2020

For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. As businesses establish new operational routines, there is an opportunity for firms to take an introspective moment and consider whether they may be in a position to help in some way, too.

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PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

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Independent Banker

MAY 31, 2022

Combining Finzly’s cloud-based operating system with Fintel Connect’s digital marketing solution allows community banks to both operate more efficiently and strengthen marketing return on investment. Since Finzly hosts and manages digital account opening solutions for financial institutions, we found a natural synergy.

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Gonzobanker

DECEMBER 14, 2023

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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PYMNTS

JANUARY 21, 2019

DBI) , an employee benefits administrator, by financial technology services company WEX. In addition, DBI has more than 1 million consumers in 50 states, and with its account administration tech and services, it’s a key player in the consumer-facing healthcare system. Future Trends.

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