Can FinTech Walk The FinTalk?

PYMNTS

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change.

SIFMA Fintech Conference 2018

Insights on Business

At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. On Wednesday, Brian Lincoln , Wealth Management Solutions Lead at IBM, will be a panelist on the FinTech and the Future of the Securities Industry session.

Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. Smart, early-stage investment in AI and fintech have helped Canada become a research leader in machine learning and deep learning setting the stage for industry 4.0,” said […]. Location matters.

The year in IBM FinTech

Insights on Business

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017.

Bad Loans Slow Banks In FinTech Race

PYMNTS

FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). And, while London has served as Europe’s primary FinTech center, Brexit could change that: The U.K.’s s departure from the European Union (EU) has encouraged Paris, Luxembourg, Berlin and others to seek FinTech companies from Britain by rolling out sweeteners.

Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

BNP Paribas Opens Fintech Investment Fund

Bank Innovation

French bank BNP Paribas has launched a new fund to invest in fintech startups, the bank announced today. Capital Exclusive Startups BNP Paribas fintech investment French fintech startups

South Africa Reserve Bank Launches Fintech Unit

Bank Innovation

South Africa’s Reserve Bank today unveiled a fintech unit. Based on a Finextra report, Groepe said of the fintech unit: Given […]. Exclusive Innovations Insurance Lending Mobile Open Fintech Payments Startups digital payments fintech Mobile banking

The battles for the future of fintech

Chris Skinner

The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog. Chris Skinner Digital Bank Fintech Future Grid Opinion PaymentsWhilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here.

The FinTech outlook for 2018

Chris Skinner

There are four big things for 2018 from a FinTech viewpoint that are obvious to me however, which are: Getting down to business with Artificial … The post The FinTech outlook for 2018 appeared first on Chris Skinner's blog. Fintech Future Grid OpinionI usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to.

Sinpagore to Speed Up Its Fintech Patent-Granting Process

Bank Innovation

Singapore is taking another step towards cementing itself as the top fintech hub in the world. Today the Intellectual Property Office of Singapore (IPOS) said it would speed up the patent granting process for fintechs in the country.

Globalizing finance through FinTech

Chris Skinner

As this has happened, we have seen a counter-trend occurring, as the maturing FinTech specialists branch out to create global monoline services in platforms. Digital Bank Fintech Future Grid Opinion

The difference between FinTech and TechFin

Chris Skinner

Banks that get digital and banks that don’t; fintechs that want to change everything and fintechs that don’t; digital currencies to replace fiat currencies and fiat currencies that are going digital; destruction, disruption and disappointment; and more. It just shows the world of … The post The difference between FinTech and TechFin appeared first on Chris Skinner's blog. Digital Bank Fintech GridThere’s lots of friction around these days.

Fintech for the Snapchat generation

Chris Skinner

My good friend Slava of Life.SREDA has just written a book called The First Fintech Bank’s Arrival. Fintech for the … The post Fintech for the Snapchat generation appeared first on Chris Skinner's blog. Fintech Grid

FinTech N26 Metal Card Gets An Update

PYMNTS

N26 , the FinTech bank startup, is upgrading its N26 Metal card, with a launch happening Wednesday (June 13). Fintech Investments FinTech metal card n26 News Payment Methods What's HotAccording to a report in TechCrunch , the card was first announced at TechCrunch Disrupt Berlin in December of 2017 and was available for early access by N26 Black customers. But after feedback from customers in which they complained about the design, N26 updated it, reported TechCrunch.

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The new wave of fintech: Enterprises into ecosystems

Insights on Business

FinTech is undeniably transforming banking and financial industries. Banking Cloud Featured Carousel Featured Homepage FinTech business architectures cognitive digital transformation ecosystem Exponent finance insurance technologies

Morgan Stanley Goes After Brazilian FinTech Market

PYMNTS

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. Morgan Stanley’s move comes at a time when the Brazil FinTech market is exploding. According to a Goldman Sachs report from May of 2017, there are 210 FinTechs operating in Brazil, representing the largest concentration in Latin America.

6 Hottest Startups From Empire Fintech

Bank Innovation

What’s hot in fintech? Regtech, insurtech, real estate, robos — all of those (and more) have enjoyed the fintech spotlight recently, with impressive startups on the leaderboard.

FinTech and the world of investment banking

Chris Skinner

Some people talk about FinTech disruption and how payments and banking is being attacked and unbundled by start-ups, but we often look at banking too simplistically. Blockchain Fintech Grid Innovation

Diving into the FinTech Wave

Chris Skinner

I keep trying to define and delineate more and more of this FinTech Wave. It is no longer FinTech, but PayTech, IDTech, InsurTech, WealthTech, RegTech, GulfTech and more. Fintech Grid Innovation Opinion Regulation

What FinTech means to banks

Chris Skinner

There’s a lot of discussion about FinTech and what it means to banks. I personally believe most of the discussion is off-beam … The post What FinTech means to banks appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation OpinionOriginally, everyone was talking about disruption, disintermediation and dissing banks. Then the discussion went to incumbents versus start-ups. Then it ended up last year about partnering and co-creation.

 FinTech Reg Sandbox Takes Shape Via CFPB

PYMNTS

The Consumer Financial Protection Bureau (CFPB) said this past week that it is linking up with the Commodity Futures Trading Commission, eyeing a regulatory sandbox for FinTech firms. Regulation CFPB CFTC FinTech Meridian Trade Bank News OC&C regulation sandboxThe sandbox is getting a bit bigger — the regulatory kind, that is.

Japan and Swiss Regulators Sign Fintech Pact

Bank Innovation

The Japanese Financial Services Agency, or FSA, has signed a fintech letter of cooperation with Swiss regulators the Financial Market Supervisory Authority, the agencies announced yesterday.

B2B Startups Lead FinTech Investment Rebound

PYMNTS

Good news for FinTech startups: in the U.S., venture capitalists have been boosting their activity in the market, with Q2 FinTech investments regaining its strength, according to analysts at KPMG. The firm’s Pulse of FinTech report for Q2 2017, released this week , found overall FinTech funding in the U.S. Across the globe, FinTech funding grew, too, more than doubling quarter over quarter to $8.4

For FinTech And FIs, APIs Everywhere (It Seems)

PYMNTS

To that end, collaborative efforts between banks and FinTechs are on the rise, where joint programs seek to hasten the availability of technology that dovetails with open banking. The company has invited FinTechs and other entities, including “established players,” to work with Deutsche. ING is also planning an innovation hub that will be based in Amsterdam and will cater to FinTech. Payments are getting ever faster and global in nature.

The Future Is Not Bright For Most Angel-Stage Fintech Startups

Bank Innovation

Most fintech startups don’t survive. Capital Commerce DataBank Innovations Mobile Online Open Fintech Operations Payments PFM Premium Retail Risk Social Media Startups API Banking BlueVine fintech innovation Mambu QuickBooks Stripe venture capital funding

Whose Customer Is It When Banks And FinTechs Collaborate?

PYMNTS

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. If [banks] had applied some of the innovative thinking we’ve come to associate with FinTechs and digital players, they might have noticed when a customer has paid the last installment on their home loan, for example, or begun shopping at a new store,” Oosthuizen said. Why FinTechs Need Banks.

A Resurgence in Chinese Fintech Investment

Bank Innovation

PREMIUM — This year Chinese investment in fintech is making a comeback. In the first quarter this year alone, Chinese fintechs collected $1.1 billion in investment, up from around $200 million in 2017, according to data from Fintech Global.

Asian Banks Want Regulators To Allow More FinTech Solutions

PYMNTS

FinTech solutions – facial recognition, for example – hold out great hope for the industry, but haven’t been embraced as quickly as some might like by regulators around the world,” said Mark Austen, the association’s chief executive. Bank Regulation Commonwealth Bank of Australia financial institutions FinTech KYC money laundering News regulation What's Hot

Canada’s FinTech Firms Move Posthaste Toward Open Banking

PYMNTS

One of them is Canada , which has yet to enact Open Banking requirements for its financial services market, yet the industry and policymakers alike already appear poised to embrace a model that encourages the sharing of financial data across FinTech firms and FIs. While FIs across Europe were initially skeptical about PSD2 regulations, analysts agree that bank collaboration with FinTech companies and other third-party players is now paramount for competitiveness and customer satisfaction.

US Treasurers Fall Behind On FinTech Investment

PYMNTS

East & Partners outlined its findings in the Treasury FinTech Index, which surveyed treasurers across geographic markets. “The research confirms not only are corporate treasurers targets for FinTech innovation , but they are directly embedding themselves in the strategic direction of FinTech firms themselves by providing direct investment and funding,” said East & Partners Australia Head of Markets Analysis Martin Smith in a statement.

Top 3 Fintech Trends in May

Bank Innovation

Here are some of the important trends that Bank Innovation pulled out of the fintech chatter […]. A lot happened in the digital banking world this month, from major events in the payments worlds like PayPal acquiring iZettle for $2.2

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Fintech in emerging markets

BankNXT

Vaishali Naroola looks at the reasons why fintech is doing so well in emerging markets. Fintech in emerging markets on BankNXT. Fintech authentication cash digital identity digital trends fraud

Maintaining Compliance In A Market Of Bank-FinTech Tie-Ups

PYMNTS

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. With competition heating up from the FinTech firms themselves, banks seek efficient, affordable ways to improve their services without having to entirely scrap decades of legacy infrastructure already in place. Banks are flocking to FinTech partners to remain competitive.

Does Fintech exit the UK with Brexit?

Insights on Business

As Brexit inches closer to its culmination date of March 2019, one unanswered question from the impending exit from the EU is will London still be seen as the ‘ capital of Fintech ” in Europe? The UK is currently facing its most serious challenge so far as the fintech hub of Europe.

Hong Kong’s FinTech Strategy

Chris Skinner

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today.

Emailage: Prudent Fraud Prevention Is Key To Canadian FinTech Startups

PYMNTS

Already, there are many new FinTech startups in a few of Canada’s major cities and the different tech hubs. But while there is a huge appetite for these companies to launch, FinTech companies in Canada want to launch prudently. Startup Check-In canada Emailage FinTech Fraud Prevention Julien Phipps News startup check-in Startup Roundup startups

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#Singapore’s #Fintech Festival

Chris Skinner

I count these as my hotbeds of fintech innovation. These are … The post #Singapore’s #Fintech Festival appeared first on Chris Skinner's blog. Fintech Grid OpinionAs I look back on my travels this year, it’s interesting to see where I have and haven’t been. Spent a lot of time in Singapore, Istanbul, London (obviously), New York and Washington. I’ve also briefly dropped in to Hong Kong, Berlin and Bangkok.

Community Bank And FinTech Partnerships Gaining Traction

PYMNTS

In an interview with American Banker , Robert Giltner – who chairs RCGILTNER Services , which offers small business lending products – surmised that “ community banks are going to win the FinTech battle. For smaller loans, said the financial publication, FinTech could be a useful conduit. The FinTech offers what has been reported by finews.asia as an end-to-end platform for firms that span banks to independent financial advisors.

The new FinTech Bank

Chris Skinner

I launched ValueWeb in Singapore yesterday and my friend Vladislav Solodkiy, Managing Partner at FinTech VC Fund Life.SREDA, hosted the evening. From BaaS and neobanks to FINTECH-BANK Fintech is currently undergoing a natural evolution stage. … Fintech Grid