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 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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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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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

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

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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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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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. Morgan Stanley also rolled out a portal that employees can use to test technology, noted Reuters. “We

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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.

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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. To watch the full interview series below, create a free Streamly account.

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PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported.

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BankInovation

SEPTEMBER 15, 2023

Fintech startups are increasingly leveraging AI to make operations and offerings more efficient for financial institutions. At Finovate Fall 2023 in New York this week, fintechs hit the stage to demonstrate the latest in AI innovation — AI is serving a wide variety of use cases.

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CFPB Monitor

JULY 25, 2019

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services , detailed in a recent interview that she will prioritize fintech and consumer protection. These changes indicate that NYDFS will compete with the FTC and the CFPB to be the leading regulator in the fintech space.

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William Mills

SEPTEMBER 26, 2022

Our CEO, William Mills, attended this year's FinovateFall in New York City and sat down with clients and leading fintech innovators to examine the latest technological advancements in the industry. Watch the full interviews below.

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PYMNTS

SEPTEMBER 16, 2019

A FinTech group from Kazakhstan part-owned by Baring Vostok and Goldman Sachs is structuring a London IPO that is the largest listing by a central Asian company since the global financial crisis, the Financial Times reported Monday (Sept. Kazakhstan itself is an extremely underpenetrated market, a growing market, innovating with new services.

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PYMNTS

JANUARY 27, 2021

Case in point: as Minna Technologies has noted, the average European consumes has 11 subscriptions in place — and the average household has 21 subscriptions. It’s an important capacity for banks as they compete with FinTechs. Knowing which card pays which subscription, let alone canceling them, can be a pain point.

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Bank Innovation

OCTOBER 19, 2016

I was invited by the New York Federal Reserve Bank to moderate a panel at its annual Culture Conference on the challenges and opportunities that FinTech is raising for the culture of financial institutions. As this is a topic that has long interested me I was happy to accept.

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PYMNTS

OCTOBER 6, 2016

SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in February, resulting in $81 million stolen from the bank’s account at the New York Federal Reserve. Among its criticisms was a lack of speed.

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Insights on Business

FEBRUARY 23, 2019

Three years ago, banks were looking at fintechs with a wary eye. Two years ago, they were appointing chief innovation officers to dip their toes in with proof-of-concept projects or in-house incubators. Leaders who come together across business lines and IT functions to overcome the challenges presented by siloed, legacy technologies.

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PYMNTS

APRIL 28, 2017

Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement. The company said it will also look to expand into new markets. In total, $97.7

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PYMNTS

MAY 26, 2017

Mizuho Financial Group , the Japanese financial company, is gearing up to launch a venture in June to create new businesses with FinTech. If we try to pursue business innovation within the bank, we have to ask around for permission from people in risk management, compliance and others. It takes forever,” said the executive.

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Bank Innovation

FEBRUARY 23, 2017

If you picked up the New York Times Business section this morning, you probably saw the photo of the fintech guru, Brett King, looking out the window of a dimly-lit room. The caption read: “Brett King once hoped his company, Moven, would become ‘the Facebook of banking.’” Those hopes are Read More.

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PYMNTS

OCTOBER 8, 2019

Kazakh FinTech group Kaspi.kz still decided to postpone its listing “in light of currently unfavourable and uncertain market conditions, particularly in the technology sector.” still decided to postpone its listing “in light of currently unfavourable and uncertain market conditions, particularly in the technology sector.”

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PYMNTS

MARCH 7, 2017

Speaking in front of the LendIt conference in New York yesterday (March 6), Comptroller of the Currency Thomas Murray told those assembled that the oversight body will go forward with plans to offer banking charters to fintech companies. That’s wrong. Nor is the OCC “somehow mixing banking and commerce,” says Murray.

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BankInovation

MAY 11, 2023

PNC is rebuilding its technology stack to be more modern and flexible, Michael Degnan, head of enterprise innovation at PNC, said Wednesday at Fintech Nexus in New York. For example, PNC […]

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Celent Banking

FEBRUARY 18, 2015

Celent’s Innovation and Insight Day is about a month away, and I couldn’t be more excited. We have great external speakers bookending the day, and we’ll be exploring exciting technology implementations with 18 Model Banks in five categories (plus Celent’s Model Bank of the Year): • Digital. Innovation and Emerging Technologies.

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PYMNTS

JULY 25, 2016

With FinTech startups exploding on the scene, U.K. and Korea want to make it easier for both companies to invest in the financial technology sector, creating a so-called “FinTech bridge.” The FinTech bridge is another piece of deepening a relationship between the two. More FinTech employees reside in the U.K.

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PYMNTS

NOVEMBER 24, 2016

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.

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PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

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PYMNTS

JUNE 23, 2017

Preparations for corporate banking disruption and PSD2 are stirring the innovation pot, it seems. We break down all the B2B FinTech funding rounds below. The new funding will help the company expand geographically in the U.S., with plans to open an office in New York City later this year. EaseCentral.

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PYMNTS

JANUARY 26, 2017

In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. FinTech Hive Generates Buzz.

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Bank Innovation

DECEMBER 6, 2017

EXCLUSIVE – Authentication solution provider Hypr has received a sizable investment from Mastercard to expand its technology to Mastercard’s ecosystem as well as major banks and financial institutions. Today’s round was led […].

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Bussman Advisory

MARCH 9, 2024

The latest edition of the FinTech Ecosystem Newsletter is here : Join our Community Join our community of 52,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory.

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Bank Innovation

SEPTEMBER 8, 2016

Today FinovateFall debuted in New York, where thirty-nine fintech companies debuted their newest toys to an appreciative, fintech-hungry audience. It’s that time of year again!

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PYMNTS

JULY 1, 2020

based global financial institution that offers investment services to encourage private investment in developing countries, and Citi, the New York-based international investment bank, said the mission of the initiative is to support trade and help businesses cope with the devastation caused by COVID-19. IFC, the Washington, D.C.-based

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Celent Banking

MARCH 31, 2015

Last week was busy for Celent: on Monday we hosted our annual Innovation and Insight Day at Carnegie Hall (more on that later). It could also have been, of course, being in New York the weekend before, or seeing Carnegie Hall during business hours. After Suresh and Fidor’s CEO Matthias Kr?ner

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PYMNTS

JANUARY 17, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into real-time payments and news on Visa ‘s FinTech play with Plaid and insight into buy now, pay later (BNPL). FinTech Play, Wrapped In Plaid.

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