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.

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.”.

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

UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). has been a hotbed of FinTech startups. Top U.K.

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

#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.

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.

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.

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.

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?

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

Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Pick your metaphor: David vs. Goliath.

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).

Small Business FinTech Takes Center Stage With VCs

PYMNTS

With only a few million dollars in combined investments, this week certainly wasn’t the most lucrative for B2B FinTech firms, but the variety and global reach of recent SMB FinTech investments offers a bright spot in an otherwise quiet moment for B2B venture capital.

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.

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

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.

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.

Where Bank Account Data Alone Falls Short For SMB FinTech

PYMNTS

APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. While data stored within bank accounts can be applied to many use cases, either by FinTech firms or the bank itself, cash flow forecasting is not always one of them.

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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.

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

Singapore Eyes ‘Bringing Together’ Banks And FinTech Firms

PYMNTS

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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

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

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

Latin American FinTech Payment ‘Recipes’

PYMNTS

This is a big deal, she added, because, for the first time, NovoPayment is seeing corporate customers coming to FinTech firms for solutions to then bring to banks and financial institutions (FIs). Digital Payments API B2B Banks digital payments digitization Featured News FI FinTech Innovation international ipo Latin America News Novopayment PagSeguro Visa YellowPepperWant to understand payments innovation in Latin America ? First, let’s talk about ingredients — as in food.

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.

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

#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.

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 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.

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.

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

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

INV Fintech Announces Sixth Class of Startups

Bank Innovation

INV Fintech, Bank Innovation’s sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to revolutionize financial services.

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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.

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.

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

Berkshire Hathaway Has Been Investing In FinTech This Year

PYMNTS

Berkshire Hathaway, the Warren Buffett investment company, has been getting in on the FinTech market, investing hundreds of millions of dollars during the past few months. Investments Berkshire Hathaway FinTech investing Investment News Venture Capital Warren Buffett What's Hot

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