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

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.

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.

INV Fintech Announces Fifth Startup Cohort

Bank Innovation

INV Fintech, the sister accelerator to this site, announced its fifth class of startups today. Here are the six companies comprising the new class of INV Fintech: Active.ai Bookbild Confirmu Fintel Labs Fiserv INV Fintech Stakana u.

Five FinTech Themes from 2017

Chris Skinner

Following on from talking around the big ten tech themes last Friday, I thought I would follow up with five FinTech themes for right now. It was fun with the CEO, Bob … The post Five FinTech Themes from 2017 appeared first on Chris Skinner's blog. Fintech Grid Uncategorized

Five more FinTech themes …

Chris Skinner

I blogged about the FinTech themes that came out of the Celero conference the other day and forgot to mention that I recently joined a one-day retreat at Payments International in London, as a facilitator. Fintech Grid

Standard Chartered Opens Fintech Innovation Center in Hong Kong

Bank Innovation

Standard Chartered has officially open its eXellerator facility, a center designed to promote the innovation of fintech, in Hong Kong, the bank announced today. The bank will operate the innovation center under its SC Ventures arm, which invests in emerging fintechs and other startups.

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.

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.

Digital Bank Tandem Buys British Fintech Pariti

Bank Innovation

based digital bank Tandem closed a deal to acquire fellow British fintech Pariti, a personal money management app in the country with about 95,000 registered users. Exclusive Mobile Payments acquisitions Harrods Bank neobanks Pariti Tandem UK fintech

What Banks Are the Biggest Fintech Investors?

Bank Innovation

Big banks say they want to invest in fintech. Capital DataBank Innovations Lending Mobile Open Fintech Operations Payments Citi Goldman Sachs JP MorganBut which are the ones actually putting their money on it?

Central Bank of Ireland Establishes Fintech Unit

Bank Innovation

The Central Bank of Ireland announced today that it would establish a unit to engage with technology providers, startups, and fintechs on various innovation initiatives. Exclusive Innovations Online Open Fintech Central Bank of Ireland innovations startups

3 Fintech Startups to Watch in the SME Space

Bank Innovation

Fintech startups have taken note of the vast opportunity in the SME space, which has been underserved by banks since the financial crisis. Commerce Exclusive Innovations Lending Open Fintech Payments Premium BlueVine cash flow Intuit QuickBooks SMB lending

Island Nation Mauritius To Set Up Fintech Fund

Bank Innovation

The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech. Capital Exclusive fintech Mauritius

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

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.

Indian Bank Signs Pact with UAE to Facilitate Fintech Growth

Bank Innovation

India’s YES Bank and the Abu Dhabi Global Markets (ADGM) have signed a pact to facilitate interaction between the fintech industries of India and United Arab Emirates. Exclusive Innovations Online Open Fintech Startups Abu Dhabi accelerators fintechs India India fintech Middle East Yes Bank

Watson Tools Are Coming to Fintech Developers

Bank Innovation

The company today announced the launch of IBM Cloud for Financial Services, which will give fintechs and large FIs access to IBM APIs and data in order to ­­­­­­­­­­­­build apps quickly and at scale. IBM’s cognitive platform is opening up its doors to financial services developers.

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Bank of America Merrill Lynch’s API Gateway Seeks to Connect EMEA Clients with Fintechs

Bank Innovation

EXCLUSIVE- Echoing the mandate of PSD2, Bank of America Merrill Lynch today unveiled an API gateway that seeks to connect its commercial clients to fintechs and other third-party vendors.

Standard Chartered Establishes Investment Unit for Fintech

Bank Innovation

Under the heading ‘SC Ventures,’ the unit will focus on the bank’s existing “minority investments in fintech,” as reported by Reuters, while also searching for new fintech investments. The bank’s current fintech investments include companies such as […].

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

HPS Builds API For FinTechs To Connect To Banks

PYMNTS

Payments software company HPS is launching an API for other FinTech innovators to integrate into banking systems. The company announced news on Monday (May 21) that its PowerCARD Connect-Open API aims to help FinTech developers integrate mobile payment, tokenization, biometrics and other emerging banking technologies into their own solutions. B2B Payments API B2B banking data sharing FinTech HPS News Open Banking What's Hot In B2B

Fintechs, Beware of ‘Innovation Tourists’

Bank Innovation

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. Exclusive Innovations Operations Startups Technology Wealth Management fintech startups GoldBean innovation Jane BarrattHowever, a new creature has emerged in this process, which can potentially place more roadblocks on a startup’s development journey. Startups, beware of “innovation tourists.”

Want to Partner With Early-Stage Fintechs? OCC Is Watching

Bank Innovation

As if the life wasn’t hard enough for fintech startups. As expected, the questions also addressed bank-fintech partnerships. Exclusive Operations Startups Bank fintech OCC OCC fintech charter partnership Silicon Valley Bank

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

Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge.

Are Consumers Ditching their Banking App for Fintech Apps?

Bank Innovation

According to Malauzai Software, that’s the term used for vendors that “scrape” digital banking apps on the internet to gather data and then provide that data to fintechs. DataBank Mobile Online Open Fintech Payments PFM APIs Intuit Mint payment processing Yodlee

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

Experian to Acquire UK Fintech ClearScore for $385M

Bank Innovation

fintech startup ClearScore, for $385 million (or £275 million) in a deal expected to close later this year, it was announced today. Cards Exclusive Mobile Online acquisitions ClearScore credit cards Credit Karma Experian UK fintechCredit data service Experian has agreed to acquire U.K.

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

12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

Funding for Startups in FIS-Backed Fintech Accelerator Reaches $38 Million

Bank Innovation

EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. based The Venture Center’s FinTech Accelerator program, which is backed by financial […].

Fintech solarisBank Aims to Add 50 Partners in 2018

Bank Innovation

Capital Compliance Corporate Exclusive Innovations Lending Mobile Online Open Fintech Payments Premium ABN AMRO BBVA Bank solarisBank VisaEXCLUSIVE - Known as one of the first technology companies in Europe to procure a German banking license, solarisBank has lofty ambitions for 2018.

Fintech Mambu Opens Marketplace of Fintech and FI-focused Service Providers

Bank Innovation

Through a free public website, Mambu Marketplace, the Berlin-based fintech is hoping to create a comprehensive platform of tech and service providers that banks can use for various […]. Exclusive Online Open Fintech Operations Premium bank partnerships Mambu

Banks Must Disrupt Themselves, Not Consumers, Citi Fintech CEO Says

Bank Innovation

AUSTIN — Better customer service comes from disruption within, not from trying to change consumer behavior, according to Yolande Piazza, CEO of Citi Fintech. “I Corporate Exclusive Innovations Payments Startups Citi Fintech Digital Banking conference P2P Yolande Piazza Zelle

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Fintech Growth in U.S., U.K. Makes Regtech Next Battleground

Bank Innovation

wants to apply the old way of regulation to the fintech firms that are becoming the new norm for financial services. Fintech has started to permeate the [global] economy in one way or another—fintech Read More. fintech U.S. fintech Vested

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Robeco Creates Additional Fintech Investment Fund

Bank Innovation

Dutch asset management firm Robeco just launched a fintech investment firm. Robeco’s Global Fintech Equities, which was launched yesterday, will focus on three segments: “today’s winners,” “fintech enablers,” and “challengers.”

Israel VC Starts Viola Fintech, Raises $100M For Global Fintech Investment

Bank Innovation

Israeli venture capital firm Viola Venture has raised $100 million towards a new independent fintech-focused fund, dubbed Viola Fintech. Capital Exclusive Startups fintech funding Israeli fintech startups venture capital