Bank Innovation

MAY 17, 2017

In a mood for some fintech inspiration? At the TechCrunch Disrupt 2017 event, currently taking place in New York, Bank Innovation came across a gauntlet of bright, shiny new fintechs. Take a walk down the startup alley.

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PYMNTS

MAY 6, 2019

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home. Funding rounds and exits have followed suit.”

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Bank Innovation

APRIL 7, 2016

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Bank Innovation

DECEMBER 10, 2019

Centana Growth Partners, a New York and Palo Alto, Calif.-based based growth equity firm, closed its second fintech valued at $375 million this week. The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies.

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Bank Innovation

DECEMBER 13, 2018

As a part of its retail transformation strategy, HSBC Bank USA spent over $130 million on innovation projects in one year on its U.S. These projects range from less visible, but equally important, system upgrades on the back-end and more visible ones like installing Softbank’s robot Pepper in its New York flagship. operations.

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Bank Innovation

DECEMBER 7, 2016

China has outstripped fintech hubs like London, New York, and Silicon Valley, and is now the global leader in financial innovation, according to a new report released by financial service firm EY and DBS Insights.

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Bank Innovation

OCTOBER 10, 2017

Global payment network Mastercard will be opening another innovation lab, this time in Pune, India, where the company will continue to focus on finding and experimenting with new fintech technologies.

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Bank Innovation

JANUARY 17, 2017

Turns out, not everyone is happy about the OCC’s decision to grant banking licenses to (suitable) fintechs. The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More.

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PYMNTS

OCTOBER 16, 2020

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 New York City is also high up there, with $2.2 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'

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Bank Innovation

JULY 3, 2017

Who said regulators can’t be innovative? The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host Office Hours for financial institutions and fintechs, to be held from July 24 to 26, at the OCC’s district office in New York City. Companies can request a slot by July 5.

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Bank Innovation

AUGUST 17, 2017

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. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

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Bank Innovation

AUGUST 2, 2019

Nyca Partners has closed on $210 million for its third investment fund, a vehicle that will let it continue to support the growth of fintech innovation, David Sica, partner at the New York- and San Francisco-based venture firm, told Bank Innovation. “There’s really good entrepreneurs […].

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Tom Groenfeldt

JANUARY 15, 2019

The Partnership for New York and Accenture have been running a successful FinTech Innovation Lab that brings together skilled startups with banks and now insurance companies.

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PYMNTS

MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group members will be picked based on expertise across all FinTech -related issues. “The

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Groups Fintech New York Financial Technology 135

Bank Innovation

JANUARY 9, 2017

Top seed investors in the New York startup community showed their muscle in the final quarter of 2016 and are likely to continue doing so in the coming year, says a new report from Primary Venture Partners. Among the winners in an otherwise difficult year for startups were fintech companies like Read More.

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New York Community Fintech Report 150

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.

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Bank Innovation

NOVEMBER 27, 2017

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years.

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Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Qplum The startup, launched […].

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Chris Skinner

NOVEMBER 14, 2016

Spent a lot of time in Singapore, Istanbul, London (obviously), New York and Washington. I count these as my hotbeds of fintech innovation. These are … The post #Singapore’s #Fintech Festival appeared first on Chris Skinner's blog. I’ve also briefly dropped in to Hong Kong, Berlin and Bangkok.

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PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

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Bank Innovation

NOVEMBER 12, 2019

Despite a recent legal challenge, Comptroller of the Currency Joseph Otting said the regulator will continue to advocate for passage of the OCC’s special purpose fintech charter. At the RegTech 2019 conference in New York on Tuesday, he reiterated the case for having nonbanks that offer banking services under regulatory oversight.

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Fintech New York Conference Regulation 170

American Banker

JUNE 9, 2020

The Department of Financial Services is going live with DFS FastForward, which aims to help innovators in finance, healthcare and insurance consult directly with regulators on specific compliance issues.

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Bank Innovation

DECEMBER 15, 2017

If it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true. A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right.

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Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

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BankInovation

APRIL 10, 2023

New York-based Piermont Bank appointed Rodrigo Suarez as its new chief banking and innovation officer. Suarez previously served as the $467 million bank’s head of innovation. We’re […]

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BankInovation

APRIL 10, 2023

New York-based Piermont Bank appointed Rodrigo Suarez as its new chief banking and innovation officer. Suarez previously served as the $467 million bank’s head of innovation. We’re […]

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Innovation New York Fintech 52

PYMNTS

SEPTEMBER 18, 2018

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. While In New York, New York….

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PYMNTS

DECEMBER 20, 2018

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. With FinTechs disrupting traditional financial services, the big banks have been partnering up at an increasing rate.

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Bank Innovation

FEBRUARY 13, 2018

That number is a milestone for the fintech that launched a little over four years ago. Back in November, Bank Innovation reported the New York. EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. based personal finance app’s user base to be 1.5

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Bank Innovation

SEPTEMBER 14, 2017

banking regulator, the Office of the Comptroller of the Currency, is still in the “exploratory” phase with its new fintech charters. This is according to acting Comptroller Keith Noreika, who made the remarks yesterday during the FinovateFall conference in New York.

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Bank Innovation

AUGUST 3, 2017

The Office of Comptroller of the Currency, which held office hours through its Office of Innovation in New York last week, might be in over its head. The office received a large volume of meeting requests, but could conduct meetings with only a fraction of those applicants. “It

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PYMNTS

JANUARY 8, 2020

And one question worth posing is: What will happen to FinTech ? Specifically, what will happen to London’s standing as a FinTech hub? The city has long been known as a financial center (especially in Europe) and more recently as FinTech. That was outpaced, perhaps not surprisingly, by San Francisco, but led New York.

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William Mills

OCTOBER 9, 2023

Our CEO, William Mills, attended this year's FinovateFall in New York and sat down with leading fintech and financial services innovators to examine the latest technological advancements in the industry. Streamly is a new way to watch business videos, delivered by experts and tailored to your needs and interests.

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Bank Innovation

NOVEMBER 19, 2018

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].

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Bank Innovation

AUGUST 14, 2018

Realtime payments are at the top of the innovation wish list for most banking professionals. According to a survey from TD Bank, released today, 42% of payment professionals cited integration of realtime payments system as the number one factor that could have the greatest impact on the industry.

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Bank Innovation

DECEMBER 15, 2017

A federal judge has ruled on a New York lawsuit set against the Office of the Comptroller of the Currency’s decision to begin offering fintech charters, stating that the suit was ‘premature’ as the OCC has yet to receive applications for these fintech charters.

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PYMNTS

JUNE 10, 2019

Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New York’s talent pool in the financial department, which has more depth in the San Francisco sector. Many FinTech outfits use a small group of institutions like Celtic Bank or Cross River for banking products.

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