FinTech Firms On The New FinTech Charter

PYMNTS

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements. The report’s treatment of artificial intelligence (AI) offers a typical prescription for such a FinTech future. FinTech Helping Itself.

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

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

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 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.

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

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.

The State of FinTech in Latin America

Chris Skinner

I’m off to Chile next week and thought, in preparation, I’d look at the state of FinTech in Latin America. Equally, I meet a lot of the … The post The State of FinTech in Latin America appeared first on Chris Skinner's blog. Fintech Future Grid Numbers RegulationSo far, I’ve spent fair time in Colombia, Brazil and Argentina, and see these as the three major centres of activity along with Mexico.

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.

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.

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.

#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.

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.

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 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

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.

Over $100 billion invested in FinTech in 2018?

Chris Skinner

KPMG’s Pulse of FinTech report came out this week. It makes for interesting reading, especially as investment in FinTech has raced ahead to levels unseen before. billion was invested in FinTech firms in the first half of the year. These figures were slightly inflated by the $14 billion … The post Over $100 billion invested in FinTech in 2018? Fintech Grid Numbers

The Top FinTech Trends of 2017 … were they?

Chris Skinner

The other forecasting I made at start of year concerned the big FinTech trends of 2017. Removing friction from the customer journey I guess this is a given, and wasn’t a big trend of 2017 … just a big trend … The post The Top FinTech Trends of 2017 … were they?

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Need some #FinTech Education?

Chris Skinner

I recently hosted the FinTech University – FU for short – for BBVA in Madrid. #FU The whole day was filmed and the videos are now all … The post Need some #FinTech Education? Fintech Grid

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.

New Global FinTech Deal Highlights Collaborative Trend

PYMNTS

The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. The deal between the two countries comes as other global FinTech partnerships are being formed. In fact, there there are quite a few government initiatives pairing FinTech firms with traditional financial institutions (FIs), and Mexico recently joined that group with renewed focus.

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Frictionless Finance with FinTech

Chris Skinner

His latest piece is his take on FinTech, which has the main headline that FinTech is taking away frictions in finance. Fintech Grid Numbers Opinion Technology

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

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

FinTech, cryptocurrency and corporate change

Chris Skinner

I was recently recorded on Roger Edwards’ podcast talking about FinTech, cryptocurrency and corporate change. You can checkout his website here, and here’s the low-down of our chat: On the show this week, I … The post FinTech, cryptocurrency and corporate change appeared first on Chris Skinner's blog. Blockchain Chris Skinner Fintech Future Grid Innovation Payments Technology

Cross-Border FinTech Collaborations Gain Traction

PYMNTS

In FinTech and FI collaborations , borders fall to bits and bytes. On FinTech collaboration writ large, Singapore and Dubai are working together to encourage strides in digital payments and commerce done by mobile means. It is no secret that as banks and FinTechs band together, seamless integrations of product and processes become paramount. B2B Payments B2B big data Blockchain digital payments FinTech international payments News Open Banking API wealth management

NY Challenges OCC’s FinTech Charter Decision

PYMNTS

Banking bank regulations bank regulators BANKING REGULATIONS Banking Regulators FinTech News OC&C What's HotTo challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government.

The 50 hottest FinTech firms 2017

Chris Skinner

I sit on the judging panel for the FinTech 50, now in its fifth year, and the final list was revealed yesterday. It also reveals new collaborative partnership models being forged between FinTechs across Europe, as well as between FinTechs and banks. Fintech

How Banks Can Benefit From Partnering With FinTechs

PYMNTS

As corporates face these kinds of challenges, FinTechs such as DadeSystems seek to provide solutions to meet their needs. Banks, in particular, can benefit from partnering with FinTechs that can help them get access to quicker development than going it alone. Startup Check-In ACH bank FinTech partnerships Banks FinTechs NewsWhen it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses.

5 Notable Fintech Fundings in July

Bank Innovation

Fintech funding is already breaking records this year. billion invested in fintech globally, eclipsing the 39.4 billion total raised last year according to Fintech Global. As the world of fintech funding continues to gain momentum, there are some deals that stand out.

The EU’s policy on FinTech competition is …

Chris Skinner

I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Commission on FinTech and competition. Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog. Brexit Fintech Grid Opinion

The FinTech Wave, Part One

Chris Skinner

Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how FinTech wings are spreading. There’s been a lot of talk about fintech lately. We talk about the billions of dollars being invested in fintech; the wave of unicorns and start-ups in this space; the challenge they bring to banks and incumbents; the way in which they are reaching new spaces and places; but what is fintech? So, here is the FinTech Wave, Part One.

FinTech Firms Courted Abroad, Legal Spat Marks US Bank Charters

PYMNTS

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. The nation is forming a Direct FAST industry group, where the members will include traditional financial institutions (FIs), FinTech firms and the Monetary Authority of Singapore (MAS).

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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.

Big banks are not feeling the FinTech heat (yet)

Chris Skinner

The big banks are getting bigger, and the FinTech community is nibbling … The post Big banks are not feeling the FinTech heat (yet) appeared first on Chris Skinner's blog. Digital Bank Fintech Grid NumbersA few years ago Jamie Dimon was renowned for saying that bitcoin developers “are going to try and eat our lunch” and that silicon valley was coming to get the banks. Three years later, it’s not quite the case.

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.

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.

The next step in fintech: Collaboration

Insights on Business

For this reason, many predict we are in the ‘golden age of FinTech’ where customer needs and expectations are paramount. Partnerships (banks-fintechs) cannot scale to cause any meaningful change in financial institutions.

3 Fintech Data Analytics Startups to Watch

Bank Innovation

Compliance Exclusive Innovations Insurance Open Fintech Risk Startups 3 Startups to Watch AI data analytics machine learningFinancial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets.

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.