CFPB Monitor

DECEMBER 8, 2022

SaverLife is a national non-profit sponsored by some of the nation’s leading financial institutions that uses financial technology to improve the financial health of low- to-moderate income consumers by incentivizing savings through prizes, rewards, expert resources, and gameplay.

Financial Technology 78

Financial Technology Technology Resources National 78

Bobsguide

MARCH 14, 2022

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

Capital 78

Capital Operations Fintech Software 78

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

The Paypers

DECEMBER 14, 2023

Netherlands-based commercial bank NIBC has partnered with Ireland-based SaaS financial technology solutions provider Fenergo.

Operations 41

Operations Financial Technology Technology 41

PYMNTS

SEPTEMBER 17, 2019

Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Keri is a powerhouse — a proven leader who has spent her entire career reinventing financial services and helping organizations solve global challenges,” Matt Harris, partner at Bain Capital Ventures, said in an emailed press release.

Capital 108

Capital Operations Fintech Leadership 108

CB Insights

AUGUST 17, 2021

California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. The post This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations appeared first on CB Insights Research. HOW’S THE COMPANY PERFORMING?

Capital 78

Capital Operations California Regional 78

PYMNTS

SEPTEMBER 19, 2017

Jon Burrell, vice president of operations at international payments platform   Currencycloud ,  takes PYMNTS through the ways firms in B2B and beyond can keep customers happy and the coffers full — even when operating across borders, and all while the clock is ticking. Payment Integration Can Solve These Issues. .

Operations 116

Operations Payments Industry System 116

Perficient

JULY 12, 2023

However, in what is sure to be a landmark in federal regulation, on June 6, 2023, the primary federal bank regulatory agencies issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies.

Management 221

Management Risk Management Regulation Compliance 221

Bobsguide

MARCH 2, 2021

Over the last 12 months we’ve seen one of the biggest shifts in decades in financial technology – with banks accelerating the transition of their operations to the cloud. The benefits are clear: a cloud-based approach provides easy access to innovation, helps banks.

Financial Technology 160

Financial Technology Innovation Operations Technology 160

Payments Source

FEBRUARY 19, 2020

s departure from the European Union is still causing lots of headaches for financial technology companies, but there’s now enough clarity to work with. And that often means operating from a new address.

Fintech 129

Fintech Financial Technology Operations Technology 129

PYMNTS

MAY 26, 2020

To continue its fast international expansion, TIS (Treasury Intelligence Solutions) notched $20 million in additional financing led by Aquiline Technology Growth. More than ever, companies who operate globally need to be able to rely on solutions that support their business-critical payment processes.”.

Payments 191

Payments Leadership Technology Management 191

Bank Innovation

MAY 3, 2019

You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan.

Meeting 282

Meeting blockchain Fintech Financial Technology 282

PYMNTS

DECEMBER 6, 2020

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. Grab is a major player in Singapore's ride-hailing sector.

Digital Banking 170

Digital Banking Operations US Financial Technology 170

American Banker

JANUARY 24, 2024

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

Lending 36

Lending Financial Technology Security Operations 36

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.

Company 209

Company Fintech Payments Software 209

PYMNTS

JUNE 30, 2020

PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

Cards 130

Cards Financial Technology Analytics Operations 130

Bank Innovation

NOVEMBER 19, 2018

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].

San Francisco 267

San Francisco New York Fintech Regional 267

Bank Innovation

APRIL 14, 2017

Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016.

Fintech 210

Fintech Financial Technology Technology Industry 210

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

Fintech 249

Fintech Financial Technology Mobile Innovation 249

Bank Innovation

MARCH 9, 2017

Piazza, a 30-year financial technology veteran, who has been serving Citi in a variety of roles since 1988, will lead the group’s efforts in mobile, payments, and general fintech innovation. Before this appointment, Piazza was serving as the bank’s Chief Operating Officer. […].

Fintech 170

Fintech Financial Technology Innovation Mobile 170

Bank Innovation

MARCH 27, 2019

Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue. The Hong Kong Monetary Authority has granted three virtual bank licenses and is processing five more, Deputy Chief Executive Arthur Yuen said in a […].

Financial Technology 231

Financial Technology Technology Operations Digital Banking 231

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.

Technology 101

Technology San Francisco Fintech Financial Technology 101

PYMNTS

APRIL 23, 2020

The collaboration builds on Hypur’s extensive network of financial institutions (FIs), according to an announcement. . Cannabis operations that partnered with Hypur to leverage the company’s financial technology can tap into the digital HypurPay app to access a safer and more convenient payment environment.

Payments 181

Payments Risk Management ATM Resources 181

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). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

Fintech 248

Fintech Cards Regional Management 248

PYMNTS

NOVEMBER 6, 2020

He succeeds Anne Lawlor , who served as Trulioo's chief financial officer for eight years and is retiring. Trulioo President and CEO Steve Munford said in the release that Ramsden's "expertise in building out financial technology infrastructure and optimizing financial performance will help guide us on a continual growth trajectory.".

Software 150

Software Leadership Analysis Fraud 150

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

System 78

System Fintech Financial Technology Regulation 78

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.

Payments 248

Payments System cryptocurrency Regional 248

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.”.

Data 219

Data Technology Operations Innovation 219

PYMNTS

FEBRUARY 16, 2020

The shares were from the company’s technology holdings, according to Rakuten, and the sheer amount of them raised concerns among analysts about overvaluation in the sector. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

social media 169

social media Policies Operations Financial Technology 169

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.

Management 195

Management Survey Industry Community Bank 195

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

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. Lecker has over 25 years in the ABL industry in a variety of IT, finance, and operations roles. The post FinovateFall Sneak Peek: Aspire Financial Technologies appeared first on Finovate.

Financial Technology 16

Financial Technology Technology Analytics Leadership 16

PYMNTS

JUNE 25, 2020

Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

Payments 130

Payments United States Chicago Cards 130

PYMNTS

SEPTEMBER 16, 2020

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. To assist companies in following Goods and Services Tax (GST) rules in India, Avalara, Inc. has debuted its Avalara India GST e-Invoicing product. 16) announcement.

Taxes 163

Taxes Compliance Software Resources 163

Bank Innovation

JUNE 27, 2019

On Tuesday, Beth Knickerbocker, the chief innovation officer for the Office of the Comptroller of the Currency (OCC), delivered testimony to the House of Representatives' Task Force on Financial Technology. The Innovation Pilot Program would […].

Innovation 170

Innovation Report Financial Technology Fintech 170

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

PYMNTS

JULY 7, 2020

. “We are committed to providing a safer, more efficient environment for cannabis businesses to operate in,” he said, according to the release. “What makes us unique is we are a traditional financial technology company that also services cannabis businesses,” he said, according to the release.

Payments 185

Payments Survey Industry US 185