FinTech Forecasts for 2019

Chris Skinner

There are many pundits predicting change in banking and FinTech this year. American Banker published seven FinTech predictions for 2019 by Bob Legters, Chief Product Officer of Banking and Payments at FIS. Fintech Future Grid

The new FinTech bank

Chris Skinner

The requests would get prioritisation and be delivered in sequence over time, sometimes a very long … The post The new FinTech bank appeared first on Chris Skinner's blog. Digital Bank Fintech Grid

Kuwait Debuts FinTech Sandbox

PYMNTS

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). FinTech Efforts In Africa.

How FinTech Startups Scale Servers On Demand

PYMNTS

Payments can be very cyclical for clients of FinTech startups – they can be flooded Monday morning after a quiet Sunday. FinTech startups , however, face a challenge when it comes to meeting this goal: They want to grow their capacity without paying for hundreds of servers.

Community Banks Debut FinTech Alliance

PYMNTS

Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge.

Lawmakers Raise FinTech Concerns Post Robinhood Debacle

PYMNTS

senators has expressed concerns that FinTech startup Robinhood is not being transparent about its cash management service. Bank Regulation Cash Management challenger bank FinTech News regulation Robinhood Senators SIPC What's HotA bipartisan group of U.S.

Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

This is a major market validation of our payment acceptance platform, and highlights Mobeewave as an industry leader in the FinTech space.”. This is our first investment in a Canadian FinTech startup, and we’re excited to fuel Mobeewave’s growth by participating in this round of funding.”.

London FinTech Raises $4M For ‘Social’ Bank

PYMNTS

The FinTech is aiming for a bigger U.K. Innovation B-Social banking FinTech investing News social finance What's HotA financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports.

Morgan Stanley Takes Steps To Make FinTech Partnering Easier

PYMNTS

Morgan Stanley wants to make it easier to acquire new tech from startups as well as pick up the pace of collaboration amid concerns from FinTechs that partnering with big banks can be slow and expensive. Startups bank regulations FinTech Morgan Stanley News partnering startups What's Hot

How FinTech Startups Tackle Cyber Threats With Agile Development

PYMNTS

Privacy is not an afterthought with the “privacy by design” mindset, and FinTech startups may take a similar approach with data security. But how does a FinTech startup decide what to focus on for updates and enhancements?

The Security Threat Of Bank-FinTech Collaboration

PYMNTS

This is particularly true as open banking initiatives encourage bank collaboration with third-party FinTech firms and facilitate the movement of data between platforms.

How 5G Will Shake Up Banking and FinTech?

PYMNTS

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones.

GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox.

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.

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.

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.

The Future of Fintech Video Series: Joust

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 150

JPMorgan To Open FinTech Office In Silicon Valley

PYMNTS

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. Fintech Investments digital payments FinTech jpmorgan News Silicon Valley WePay What's Hot

Are banks serious about fintech?

Chris Skinner

I’m often asked how I got into FinTech. Back in the day, it wasn’t called FinTech. Interestingly, for almost a quarter century, tech … The post Are banks serious about fintech? Digital Bank Fintech Grid Opinion

Deutsche Bank: How To Make FI/FinTech Partnerships Work

PYMNTS

It may be conventional wisdom to assume that banks and FinTech firms are on opposite ends of the financial services spectrum, where large, asset-rich, traditional financial institutions (FIs) stand in stark contrast to small, bootstrapped tech upstarts, competing for clients’ attention and spend.

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

Amid AML Efforts, Regulators Focus On FinTech

PYMNTS

Regulation AML china FDIC FinTech News OC&C real estate appraisals regulatory trackerMuch regulatory focus this past week came with headlines on anti-money-laundering efforts, aided by tech.

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

How Lehmans collapse started the FinTech fire

Chris Skinner

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. Fintech Grid Opinion

Cross-Border Payments Need More Than Bank-FinTech Collaboration

PYMNTS

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms.

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.

Plaid And Investing In FinTech’s Fragmented Future

PYMNTS

We’ve been really fortunate to have incredible growth in the FinTech ecosystem, and have been a key partner in driving that,” said Plaid CEO Zach Perret, according to CNBC. If any particular area of FinTech gets hot, they’re going to need a connector account,” Goldberg said.

Could Regulatory Clarity on Alternative Lending Hurt Bank-Fintech Partnerships?

Bank Innovation

Fintech lending is on the rise but under the microscope, too. Exclusive Innovations Lending Premium Risk Startups alternative lenders bank partnerships fintech partnerships fintech regulation regulatorsA report from the U.S.

How much is a FinTech CEO worth?

Chris Skinner

That’s because they asked 500 FinTech companies how much they pay the CEO? And it … The post How much is a FinTech CEO worth? Fintech GridGood question, and it all depends on the revenue forecast.

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.

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.

FinTech and the Parent-Child relationship

Chris Skinner

Another theme that I talk about regularly, and that came up last week, is the FinTech relationship being like a parent and child. Fintech Grid Opinion

How FinTech Companies Can Connect Buyers And Suppliers

PYMNTS

Global Payments bruce parker declines digital payments FinTech Markets ModoPayments have been a pain point throughout the evolution of merchants.

How FinTech Companies Tackle Forex Identity Verification Challenges

PYMNTS

FinTech organizations like GDC, however, seek to provide a distributed network that allows these checks to be completed in near real-time – and the data stays local, so companies don’t have to deal with GDPR issues. Startup Check-In FinTech Forex GDPR identity verification News regulations

Tencent Invests $180M In Brazilian FinTech Nubank

PYMNTS

China’s Tencent Holdings paid $180 million for an undisclosed minority stake in Brazilian FinTech Nu Pagamentos SA (known as Nubank). Partnerships / Acquisitions Acquisition banking Banks brazil china consumers FinServ FinTech investments Latin America loans News NUBANK tencent What's Hot

#Money2020 USA: reaching FinTech 3.0

Chris Skinner

The first session had Amazon discussing … The post #Money2020 USA: reaching FinTech 3.0 Fintech Grid OpinionI enjoyed chairing a half day stream at #Money2020 in Las Vegas focused upon breaking news and views.

Access Fintech Lands $17.5M From Global Banks To Expand Risk Trade Tech

PYMNTS

Israeli startup Access Fintech has received $17.5 The funding announcement comes as large banks are starting to collaborate with each other and young financial technology (FinTech) startups more often. “We This is not the first time JPMorgan has invested in Access Fintech.

Bank Top Lines At Risk Amid FinTech Boon?

PYMNTS

A report earlier this month from Accenture has estimated that the range of financial sector upstarts — from challenger banks to FinTech firms, to new tech firms coming into financial services — will disrupt top-line growth for entrenched financial institutions (FIs).

VCs Act On Cannabis’ FinTech Opportunities

PYMNTS

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud.

The Future of Fintech Video Series: Card.com

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

Video 144

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.

Credit Unions Jump On The FI-FinTech Collaboration Train

PYMNTS

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building.

4 Notable 2018 Bank-Fintech Partnerships

Bank Innovation

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting.