PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. But that’s likely to change — and move toward a tipping point — as more FinTechs endeavor to become middleware integrators.

Innovation 199

Innovation Payments Cards Fintech 199

Bank Innovation

APRIL 29, 2019

BNY Mellon's three key financial technology executives added last month were given the directive to pursue investments and fintech partnerships in natural language processing, rule-based automation systems and robotic process automation (RPA), Bank Innovation has learned. The initiatives had previously not been disclosed.

Technology 199

Technology Financial Technology Innovation Fintech 199

Chris Skinner

JULY 21, 2017

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

Fintech 361

Fintech System Apple Technology 361

PYMNTS

OCTOBER 29, 2019

The pace of payments innovation continues to accelerate, and corporate payments are no longer an exception to this trend. But to understand where B2B payments innovation is going, Jay Dearborn, president of corporate payments at WEX , said the industry must first take a look in the rearview mirror. “To Banks’ Unwavering Role.

Innovation 101

Innovation System Payments Fintech 101

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

DECEMBER 28, 2018

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Square Links Up With Handshake.

Innovation 184

Innovation Fintech Payments Management 184

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

Chris Skinner

MARCH 23, 2017

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Could you please tell us a bit about banking sector in Turkey?

Innovation 196

Innovation Cards Trends System 196

PYMNTS

FEBRUARY 20, 2019

Small business (SMB) adoption of technology can be a process filled with growing pains and friction points, thanks to the cost and disruption associated with integrating a new technology. According to Asgeirsson and Carmichael, the companies illustrate the broader environment of innovation that the SMB accounting space enjoys today.

Innovation 192

Innovation Technology Strategy Fintech 192

PYMNTS

OCTOBER 29, 2019

The real estate industry is a popular target for FinTech innovators, particularly when it comes to new services and products that target renters and homeowners. The opportunities of real estate FinTech are vast, and innovation is far from slowing down, according to Ian M. Back-Office Innovation.

Innovation 103

Innovation Fintech Industry Tools 103

PYMNTS

FEBRUARY 7, 2020

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. Transparent Systems. The company will deploy the funding to focus on product development, engineering and global expansion. ClearMetal.

blockchain 247

blockchain Fintech California System 247

Insights on Business

DECEMBER 7, 2017

Two years ago I wrote an article on the 6 biggest trends in FinTech. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Artificial Intelligence and Machine Learning. Blockchain.

Trends 145

Trends Technology Fintech blockchain 145

PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

Technology 190

Technology Industry Innovation Big Data 190

PYMNTS

JANUARY 30, 2019

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores.

System 122

System Fintech United States Big Data 122

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. For example, Jerry, an automotive app company, has a testing system that Spottiswood said saves hundreds of different questions with acceptable responses from the large language model (LLM).

Las Vegas 156

Las Vegas Fintech Conference San Francisco 156

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. The banks have also agreed to share data on emerging markets.

Fintech 211

Fintech San Francisco National Innovation 211

Bank Innovation

JUNE 12, 2017

2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.

Innovation 399

Innovation blockchain Trends Capital 399

PYMNTS

JANUARY 7, 2020

The rise of FinTechs in the last decade – and the millions of customers they’ve siphoned away from mainstream financial institutions (FIs) – has changed the landscape for banks. Innovation is no longer optional – it’s table stakes to stay in the game. Some FIs are ready to innovate, and some aren’t. The New Core Competencies.

Innovation 139

Innovation Technology Marketing System 139

PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

Company 209

Company Fintech Payments Software 209

PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release.

System 217

System Payments Operations Software 217

PYMNTS

SEPTEMBER 23, 2019

Banks today recognize that they must embrace innovation to survive in a world being rapidly transformed by digital technology. These digital products must run reliably, securely and fast — and this requires a solid technological foundation. Core-enabled: FIs that consider only their core systems to be effective. •

Innovation 118

Innovation Report System Resources 118

CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

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. Digital fraud’s scope is hard to overstate, yet banks are deploying emerging technologies to minimize its impact.

Security 213

Security Innovation Fraud Study 213

PYMNTS

SEPTEMBER 30, 2020

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards. The system can immediately provision cards into a digital wallet.

Cards 192

Cards Innovation Google United States 192

PYMNTS

JANUARY 14, 2020

It’s an innovator’s job to look at the status quo and disrupt what has always been done in favor of progress. Increasingly, however, payment rail innovators are also introducing ways to bypass traditional banks altogether, with many in favor of distributed ledger technology to move money between businesses and across borders.

Innovation 134

Innovation Payments blockchain System 134

PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

Fintech 174

Fintech Regional Fraud Meeting 174

PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). The BoE’s Real-Time Gross Settlement (RTGS) system handles transactions worth about 500 billion pounds — almost one-third of Britain’s annual economic output. In addition, the U.K.

System 101

System blockchain Payments Fintech 101

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

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.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

DECEMBER 31, 2019

Navigating the sheer multitude of options and matching information across several companies’ systems can be challenging. The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation. Manual processing challenges.

Innovation 153

Innovation Payments Survey blockchain 153

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. Many fintech venture funds are gaining steam in the industry, and AOBA was a fertile ground to attract new investor commitments.

Fintech 167

Fintech Customer Experience Conference Technology 167

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. The Central Bank of Iceland has rolled out its real-time gross settlement system and instant payment platform, recent reports said. Iceland Debuts Instant Payments.

Innovation 220

Innovation Payments blockchain Resources 220

Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. billion (~30 times revenue) in stock was part of SoFi’s ambitious vision to become the “AWS of Fintech.” Enter Finxact.

Financial Technology 149

Financial Technology Technology Fintech Community 149

PYMNTS

JULY 22, 2020

FinTech TradeCore rolled out a platform that helps new financial institutions (FIs) launch quickly and easily, according to a Financial IT report. CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

AUGUST 3, 2018

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 115

Fintech United States Regulation Innovation 115

PYMNTS

OCTOBER 28, 2020

Digital payments are prone to chargeback fraud, for example, and financial institutions (FIs) often report difficulties and high costs when updating their legacy systems to accommodate instant payment systems. This puts them at risk of losing customers to more agile FinTechs that lack these issues. billion by 2025, up from $74.4

Payments 219

Payments Compliance Fintech Innovation 219