PYMNTS

MARCH 31, 2020

FinTech venture capital fund Broadhaven Ventures; U.S. The FinTech has raised $73 million to date to expand its digital banking offerings. Founded in 2015, the FinTech is one of many digital financial institutions — like challenger banks or neo banks — hoping to entice legacy banking customers with higher interest rates or lower fees.

Fintech 201

Fintech Capital Groups ATM 201

PYMNTS

APRIL 3, 2020

Main Street in Trouble . As we estimated in our comprehensive Main Street Index two weeks (and a lifetime) ago, these smaller firms as a group populate 3.6 We estimate that Main Street represents 28.3 We estimate that Main Street represents 28.3 As Main Street goes, so goes GDP. million storefronts across the U.S.,

Maine 142

Maine Lending Survey Course 142

PYMNTS

JANUARY 18, 2021

As part of its international growth plans, British business FinTech company Tide unveiled intentions for an experimental rollout in India in the first quarter of this year with a broader launch to come, Business Standard reported. Gurjodhpal Singh will head up the firm’s business in India.

Fintech 196

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PYMNTS

JUNE 9, 2020

Cybercrime is surging during the COVID-19 pandemic as fraudsters seize on increased online activity to steal consumers’ sensitive personal details. Other companies are adopting biometric identity verification solutions from third-party FinTechs. Deep Dive: Using Biometrics To Enable And Enhance AML/KYC Compliance.

Online 195

Online Report Compliance Fraud 195

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. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Bank Innovation

MARCH 29, 2017

Acquisition costs are (arguably) the main challenge fintech companies face when trying to scale their business. Selling products directly to consumers is costly and antiquated, especially for early-stage startups.

Fintech 150

Fintech Maine Company Online 150

PYMNTS

OCTOBER 8, 2019

Kazakh FinTech group Kaspi.kz Kaspi.kz, which is part-owned by Baring Vostok and Goldman Sachs , offers online payments and an eCommerce marketplace accessed through an app. Last month, Shore Capital London announced plans to quit its London listing, and more companies have left the LSE’s main market this year than have joined.

Marketing 139

Marketing Fintech New York Maine 139

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. The paper also lays out plans to expand the resources of the Securities Commission of The Bahamas to bolster its role as the main crypto regulator.

cryptocurrency 472

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PYMNTS

MAY 27, 2020

And, they said, traditional players can find competitive strength by linking up with firms that had previously been viewed as foes (that would be FinTechs). The pandemic, said NCR’s Brown, “is the ultimate stress test on every channel that a bank has to offer” — especially as measured across digital products and services. “We

Fintech 236

Fintech Innovation Digital Banking FDIC 236

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. What ends up being really, really important is offering a balanced approach, and making sure that those channels are integrated, so that if I start a process online or in person, I can change channels to finish it,” Chambers said.

Online 123

Online Millennials Digital Banking Maine 123

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. I believe it will have them as main actors, therefor competing directly with the fintech-startups, such as the P2P lending companies. Change or die. In the meantime, coexistance may be possible.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

DECEMBER 23, 2020

The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. I got my first bank account at 14 from Wells Fargo, and it's still my main account today,” MacDonald said. We’ve all heard the horror stories. Creating A Balance.

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Fintech Cards FDIC Lending 322

PYMNTS

APRIL 14, 2017

New data from the Federal Reserve shows small businesses aren’t taking to FinTechs as much as they’d hoped. Coming in last were online alternative lenders, which scored a satisfaction rate of just 46 percent. Coming in last were online alternative lenders, which scored a satisfaction rate of just 46 percent.

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Fintech Survey New York Maine 109

PYMNTS

AUGUST 14, 2019

In Southeast Asia, FinTech InstaReM recently released a new platform of its own. Users will also be able to access international payment services through an online portal. Nordic bank-backed initiative P27 was launched to update the region’s aging infrastructure with a platform that enables real-time payments from different markets.

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Fintech Payments Cards Regional 168

Bank Innovation

SEPTEMBER 8, 2017

EXCLUSIVE – With its first credit card out today, New York fintech Petal aims to serve the “credit invisible,” according to its CEO and co-founder Jason Gross, by granting credit cards sans credit score. The consumer’s digital financial profile has three main […].

Cards 287

Cards New York Maine Fintech 287

Chris Skinner

MAY 30, 2017

Here is how he saw things … Fintech in Rwanda: the place where Telcos are surpassing Banks in the financial sector Telcos dominate in the financial sector of Rwanda Last week I participated in the leading fintech conference in Africa “Dot Finance”, which took place in Kigali, capital of Rwanda. ATM of Rwanda”: Tigo Cash agent.

Mobile 334

Mobile ATM Fintech Conference 334

PYMNTS

NOVEMBER 27, 2018

Interestingly, the steps that traditional banks need to take to fill this credit gap have already been taken by the alternative FinTech market, which has introduced a standard to digitization, automation, speed and convenience for SMB borrowers. “[FinTech firms] are still a drop in the buck, but they’re showing the way. .

Lending 159

Lending Fintech Capital Report 159

PYMNTS

JANUARY 9, 2018

INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. The FI said earlier this month it would be working with Funding Circle and providing funds to be lent to SMBs through the online platform. This is not a Wall Street issue; it’s a Main Street issue.”.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

MAY 3, 2016

Over the weekend, CBS brought FinTech to prime time during a segment of its “60 Minutes” broadcast on Sunday (May 1). Lesley Stahl, who hosted the segment, used Stripe as an example of how FinTech is transforming payments and, in particular, how they simplify the process new merchants face when attempting to accept payments online.

Fintech 100

Fintech Online Payments Fraud 100

Celent Banking

JANUARY 28, 2016

Earlier this week, I was kindly invited to join the panel on “what’s hot in Fintech” at Citi’s Digital Money Symposium, and it was one of the central questions we debated as a group. My colleague Stephen Greer has also discussed Bank-Fintech relationships on these very pages, for example, see here and here.

Fintech 100

Fintech Innovation Retail Payments 100

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. According to Mittal, there are three main factors that small businesses in India need to succeed: a “strong network, access to finance and simplified business support functions.”

Fintech 120

Fintech blockchain Data Capital 120

Chris Skinner

MARCH 22, 2017

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. Under the agreement, Ant Financial will assist Ascend Money to grow its online and offline payments and financial services ecosystem.

Company 350

Company Payments System Fintech 350

PYMNTS

OCTOBER 2, 2020

The purchase furthers Goldman's push into Main Street lending and gives Goldman access to over one million cardholders, who account for roughly $8.5 As shoppers continue to move to digital channels, merchants’ chief financial officers and treasurers won’t only be tasked with ensuring consumers’ online payment demands are met.

Cards 193

Cards Payments Atlanta Google 193

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

North Carolina 193

North Carolina Fintech Technology Community 193

Lars Markull

MAY 30, 2020

You have probably read somewhere that Shopify is now becoming a FinTech company due to the launch of a couple of new products. A few years ago it was quite easy to identity Fintech players but the lines are getting blurry. And now coming to the most crucial Fintech announcement by Shopify: Shopify announced their own bank account.

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Fintech social media Examples Payments 75

PYMNTS

OCTOBER 22, 2018

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue to hold the dominant position in the SMB financial services (FinServ) space. Yet, the report also shows the limitations of the U.K.’s

Fintech 155

Fintech Maine Survey Regulation 155

PYMNTS

JULY 10, 2020

China’s global technology company specializing in online retail, and its Russian partners have set a goal of $10 billion in annual revenues by 2022-2023, Reuters reported. A Russian Postal Service official said more than 90 percent of foreign shipments are from China, mostly driven by online orders via AliExpress Russia, the report said. “I

Online 140

Online Maine America Groups 140

PYMNTS

OCTOBER 21, 2020

Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – percent/30 cents per chip/swiped transaction, and higher for online payments. For SMBs, what’s in the cards … are more card readers. To that end, the banking giant J.P. and, by extension, the U.S.

Marketing 306

Marketing Maine Cards Payments 306

PYMNTS

FEBRUARY 18, 2020

According to the report, Credify acts as a “personal data bridge” to help connect consumer services like lending and online shopping with firms that handle credit scoring and digital authentication. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. An average of 1.6

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Regional Lending Fraud Maine 171

PYMNTS

JUNE 2, 2020

FIs are meeting these shifting customer demands by adding functionalities to their online offerings that were previously available only in branches, such as account openings and loan applications,” the Tracker states. One does not simply walk into digital-first banking without preparation, however.

Digital Banking 133

Digital Banking User Experience Meeting Fintech 133

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. Baoku Online. Corporate travel and expense management startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. with an $18 million investment. Travel Expense Management.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

OCTOBER 23, 2020

Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. Saving Main Street From Its Downward Pandemic Spiral. Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

APRIL 28, 2020

Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia. The main backer of this round is Dr. Peter Lee, who is the co-founder of property developer Henderson Land and website developer Wix.

Big Data 182

Big Data Lending Maine Groups 182

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 23, 2020

Lloyds will look to both of these providers to help it create digital banking tools for its customers that will allow it to compete with the rising number of online-only FinTechs and challenger banks grasping at established FIs’ market share in the United Kingdom. The bank has designated $3.7 billion of its funds for this effort.

Digital Banking 262

Digital Banking Security Innovation Google 262

Bank Innovation

AUGUST 18, 2017

Focusing on commerce and mobile shopping led to a 56% year-over-year revenue jump for Ant Financial’s parent company Alibaba, and the company is going to keep that focus as it moves forward into the U.S. Alibaba’s revenue grew to about $7.4 billion, the company reported during its earnings yesterday, mainly due to the tight […].

Maine 356

Maine Mobile Marketing Company 356

Bank Innovation

AUGUST 12, 2016

Square’s Q2 earnings report was released last week, with the company’s results and changes in corporate strategy setting the fintech community abuzz with chatter and speculation. One of the main focuses for analysts and company enthusiasts was seller volume, particular Read More.

Maine 150

Maine Community Strategy Fintech 150