PYMNTS

DECEMBER 29, 2020

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

Fintech 308

Fintech Data User Experience Innovation 308

Bobsguide

MAY 18, 2022

CompatibL, a leading provider of risk management solutions and professional services for the financial industry, has been named the winner of the Best Risk Management Platform Award in the sixth annual FinTech Breakthrough Awards program for its innovative CompatibL Cloud Platform. About the FinTech Breakthrough Awards.

Fintech 147

Fintech Risk Management Analytics Software 147

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services.

Innovation 225

Innovation Policies User Experience Security 225

Bank Innovation

APRIL 5, 2019

commercial banks are increasingly looking to fintechs to improve customer experience. In fact, a new Fraedom report shows that 73% of U.S. commercial banks are considering new fintech partnerships for improving either customer experience or security, and in some cases -- both.

Customer Experience 199

Customer Experience Fintech Report Retail 199

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

Innovation 222

Innovation Data System Mobile 222

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Cybersecurity.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. CUs value innovation that benefits members.

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

NOVEMBER 25, 2020

Peer-to-peer (P2P) payment apps have become particularly appealing to consumers during the COVID-19 pandemic, with P2P app Zelle reporting rises in the number of transactions and transactions’ values in recent months. PYMNTS’ data revealed that many consumers are now seeking real-time access to their funds, with 35.2

Report 260

Report Trends Payments United States 260

PYMNTS

NOVEMBER 26, 2019

Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

DECEMBER 15, 2020

IBM has acquired Montreal-based FinTech Expertus Technologies , according to a press release , in a bid to boost its hybrid cloud and artificial intelligence (AI) tech as well as its digital payment strategies.

Fintech 224

Fintech Meeting Technology Payments 224

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

SEPTEMBER 25, 2019

In the continued drive for collaboration between the FI and FinTech, between governments and financial services providers, efforts this past week focused on the Middle East and support for new initiatives. The portal contains APIs that, as reported, “enable developers to quickly build innovative services that securely connect to select U.S.

Fintech 158

Fintech Innovation blockchain Data 158

CFPB Monitor

MAY 24, 2019

The OCC’s Semiannual Risk Perspective report focuses on key issues that pose threats to bank safety and soundness and legal compliance. Among such issues discussed in the Spring 2019 report , which generally reflects bank data as of December 31, 2018, are risks arising from financial innovation and new technologies.

Innovation 68

Innovation Report Compliance Risk Management 68

PYMNTS

APRIL 27, 2020

They expect mobile integration, rewards, spend management tools — and perhaps most importantly, they expect card transactions to feel instant and seamless, regardless of the platform or marketplace on which they occur. To learn more about how technological innovation is transforming credit card products and services, download the report.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

DECEMBER 18, 2018

Technology may be enabling automation in small business (SMB) accounting and financial management, but rather than cutting out the need for human accountants in the field, this tech disruption is supporting a change in the profession. This means that in the SMB FinServ space, there is a significant market opportunity to target the accountant.

Management 134

Management Fintech Tools Technology 134

PYMNTS

DECEMBER 2, 2020

On the path to payments innovation, collaboration is key. Speaking with PYMNTS in a recent interview , Jones noted that the mobile-friendly offering not only enhances the end user's payment experience, but can also support enhanced control and visibility for managers who need to keep employee spending in check.

Cards 163

Cards Fintech Innovation Management 163

Chris Skinner

JULY 26, 2017

Innovate Finance has just published their report on the first half of 2017, and the investments made in FinTech. Global VC FinTech investment attracts $6.5 Billion in H1 2017 –with UK investment up 37% reveals Innovate Finance H1 2017 saw 787 deals globally, attracting $6.5 Global VC FinTech investment attracts $6.5

Fintech 251

Fintech United States US Innovation 251

PYMNTS

JUNE 30, 2020

The Bank for International Settlements ( BIS ) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. The Innovation Hub was launched in 2019 as a way for central banks to collaborate on various innovative solutions to problems, PYMNTS reported.

Innovation 148

Innovation Cyber Security New York Survey 148

PYMNTS

AUGUST 16, 2018

Belgium, which is home to many European Union (EU) institutions, is also a burgeoning FinTech hub. The country has the fifth-highest number of FinTech deals in Europe, according to an analysis from Belgium-based European FinTech platform B-Hive. ” FinTech firm recovr is among the startups based in Belgium.

Fintech 218

Fintech Marketing Innovation Analytics 218

PYMNTS

MARCH 8, 2019

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. For FinTechs, the deals mean access to a broader range of customers through well-established industry names. For FinTechs, the deals mean access to a broader range of customers through well-established industry names.

Fintech 181

Fintech Software Capital Lending 181

PYMNTS

NOVEMBER 4, 2020

Expense management and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. Spend management FinTech Pleo has rolled out a new platform for users' mobile devices aimed at consolidating data from spend on Pleo credit cards.

Cards 162

Cards Innovation Management ATM 162

PYMNTS

FEBRUARY 7, 2020

In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies. Envoy Group. The $13 million raised for U.K.

blockchain 247

blockchain Fintech California System 247

PYMNTS

SEPTEMBER 30, 2020

Kakao Pay is set to be the first South Korean FinTech working with mobile payments to undertake an initial public offering (IPO), according to a report from The Paypers. This will allow Kakao Pay to "cover all areas of finance, with the exception of banking, which is accounted for by Kakao Bank," the report stated.

Fintech 150

Fintech Mobile Security Operations 150

PYMNTS

DECEMBER 11, 2019

based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The new service provides automated data capture on receipts for professionals traveling and making purchases on behalf of their companies.

Metro 130

Metro Management Data Innovation 130

PYMNTS

FEBRUARY 2, 2021

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

Fintech 142

Fintech Miami National Data 142

PYMNTS

NOVEMBER 10, 2020

The November Smarter Payments Tracker® examines how FIs and FinTechs are innovating to deliver more compelling cross-border and international banking offerings. It also looks at the role of Banking-as-a-Service (BaaS) solutions in powering FIs’ and FinTechs’ efforts to cater to expatriates and immigrant workers.

Report 216

Report Fintech United States Meeting 216

PYMNTS

SEPTEMBER 16, 2020

the digital payment and open banking provider based in Redwood City, California, has hired Jonathan Vaux as general manager of its European operations, the company announced on Wednesday (Sept. i2c Inc. , Vaux has more than two decades of experience in payments and product and service development, i2c said.

Management 133

Management Innovation California Payments 133

PYMNTS

SEPTEMBER 14, 2017

Banks and FinTechs have been both competitors and collaborators in the financial services space. In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. New tools for new FinTechs. An ‘API-first’ strategy.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

APRIL 26, 2019

It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. B2B FinTech firms were noticeably absent from this week’s roundup, with funding targets instead based in India, Brazil, Spain and the U.K. Interestingly, U.S. The company raised $6.7

Fintech 176

Fintech US Lending Capital 176

PYMNTS

AUGUST 24, 2020

Renaldo Adler , industry principal of asset management for Trimble Transportation, said the new ideas are intended to bolster services for the new COVID-19-based environment for businesses. "As That will allow for better information on repairs and help them spot maintenance trends across their vehicle base.

Cards 246

Cards Fintech Resources Data 246

PYMNTS

SEPTEMBER 11, 2018

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. New Offerings in Wealth Management. APIs: Making Inroads.

Fintech 161

Fintech Big Data Tools Management 161

PYMNTS

SEPTEMBER 19, 2019

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. With innovation comes new challenges. The latest Securing B2B Payments Report shines a light on risk and security issues. . Security vs. Friction.

Innovation 134

Innovation Payments Phoenix Security 134

PYMNTS

OCTOBER 15, 2020

Secret Double Octopus , which works in passwordless authentication for security online, has secured a strategic investment from SC Ventures, the FinTech and investment arm of international banking group Standard Chartered , a press release says. We look forward to supporting Secret Double Octopus in the next phase of its growth.".

Report 199

Report User Experience Security Fintech 199

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. This means fraudsters who manage to hijack just one of these customers’ accounts can access others with ease.

Security 213

Security Innovation Fraud Study 213

PYMNTS

OCTOBER 16, 2018

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.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

PYMNTS

JANUARY 24, 2020

Venture capital (VC) is not easily available to every startup, but this week, VC investors hinted at a big year ahead for the B2B FinTech space. The firm said it plans to focus on scaling up and product innovation, building out its staff, and strengthening marketing initiatives. Flutterwave.

Fintech 198

Fintech Capital San Francisco Georgia 198

Bank Innovation

FEBRUARY 19, 2020

Global investment banks are making major digital investments to keep pace with fintechs, Moody’s Investors Service reported in a research note this week. While they are increasingly partnering with fintechs, the […].

Fintech 259

Fintech Study Report Innovation Strategies 259