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.” Response From The Other Two Big 3 Players.

Financial Technology 149

Financial Technology Technology Fintech Community 149

Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security.

Fintech 129

Fintech blockchain Fraud United States 129

PYMNTS

APRIL 13, 2020

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on Monday (April 13). Aquilina previously spent almost eight years working in commercial card products at Mastercard prior to joining the Portland, Maine-based WEX.

Payments 239

Payments Portland Strategy Innovation 239

PYMNTS

SEPTEMBER 10, 2019

Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . Cannabis delivery platform Eaze Technologies was recently targeted by misconduct allegations as well. Deep Dive: How FinTechs, FIs Can Arm Up Against Fraud. Not all solutions are easy to adopt, however.

Security 185

Security Fintech Fraud Compliance 185

PYMNTS

NOVEMBER 1, 2018

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. The subject? Trust in Banks.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

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. TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.”

Company 350

Company Payments System Fintech 350

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. For example in Argentina it was the first P2P lender to operate with the approval of the regulator, under a trust structure where Afluenta administers the trust and the money is out of its estate.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

NOVEMBER 27, 2018

” Banks have not invested in their small business lending operations to improve the process for the borrower, though. According to Phelan, even so, FinTech firms are playing an important role in this market by lighting the way for banks to understand what they need to compete and improve their SMB finance offerings. ”

Lending 159

Lending Fintech Capital Report 159

PYMNTS

DECEMBER 23, 2020

I got my first bank account at 14 from Wells Fargo, and it's still my main account today,” MacDonald said. Behind the scenes, we built a bunch of technology and whatnot. … More than a half-million users signed on within the first six weeks of operation. Step hopes to serve those consumers over the course of their entire lives.

Fintech 322

Fintech Cards FDIC Lending 322

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.

Mobile 334

Mobile ATM Fintech Conference 334

PYMNTS

AUGUST 14, 2019

A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. In Southeast Asia, FinTech InstaReM recently released a new platform of its own. Financial institutions (FIs) that use the platform can also access data that can be used to pursue new revenue opportunities.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

MARCH 1, 2020

It’s our constant aim at NPCI to reach out to the vast unbanked population with technology innovation,” said Kunal Kalawatia, head of marketing at NPCI. NPCI will assist workers with using the local payment network Rupay, which operates with ATMs, point of sales (POS) devices and eCommerce sites.

Fintech 130

Fintech ATM National Maine 130

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too.

cryptocurrency 283

cryptocurrency Compliance Regulation Payments 283

Bank Innovation

AUGUST 14, 2017

Between keeping business users happy, integrating new technologies into the app, and preparing for an upcoming consumer rollout, Curve’s new head of operations, Rona Ruthen, has a lot to do.

Maine 199

Maine Payments Operations Technology 199

PYMNTS

JULY 3, 2020

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch. ” Offering the Right Tools. . ” Offering the Right Tools.

Regional 214

Regional New Hampshire Tools Vermont 214

PYMNTS

JANUARY 11, 2018

While the data included business loans, Magilla noted that mortgages are the main driver behind this trend. The report noted no correlation between banks’ implantation of digitized solutions in their trade finance operations and rejection rates of providing trade finance to businesses. So while lending volume in the U.S. ” .”

Fintech 126

Fintech Lending Trends Operations 126

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. BankTalk 3.

Community 195

Community Lending Maine Resources 195

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

PYMNTS

MARCH 21, 2019

Her observations cover a wide range of topics, but among the main themes is to look beneath the surface of technology, processes and innovation ideas. At the same time, as technology spreads around the world to enable faster or even instant payments and disbursements, that appeal of quicker transactions is being felt in the B2B world.

Innovation 178

Innovation Fintech Video Payments 178

PYMNTS

JULY 6, 2017

Omise, a fintech startup headquartered in Thailand, has raised $25 million in new financing via a coin offering. With the round of fundraising, the report noted, it is the most established technology company to raise money in that way. In the coin offering it sold 65.1 percent of the total float of OM.

Fintech 103

Fintech cryptocurrency Maine Report 103

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. It was a busy week for commerce and payments, as Apple Pay turned six and J.P.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

DECEMBER 30, 2020

Though 2020 was full of volatility, the B2B FinTech landscape persevered with venture capitalists and other investors for a lucrative year. Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. million investment, Tech.eu

Capital 211

Capital Management Operations Security 211

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

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. Yet neither can institutions continue without any change to the operating model. Banks will need to adapt to new behavioral patterns and trends in technology.

Fintech 100

Fintech Report Innovation Trends 100

PYMNTS

JUNE 11, 2019

Two Hanoi-based FinTech startups, Vimo Technology and mPOS Technology, are merging to create NextPay Holdings, according to reports. The CEO of mPOS Technology, Nguyen Huu Tuat, will become CEO of the new company. NextPay’s main focus is on offline payments.

Maine 154

Maine Payments Strategy Fintech 154

PYMNTS

AUGUST 14, 2018

No, not just in homeownership, but in business, too – and especially when it comes to upstart FinTech firms grappling with an ever-onerous compliance landscape. There also is the issue of dimension, stated Gafke, as FinTechs find demand, and secure presence, in multiple jurisdictions or geographies. Build vs. buy. The eternal debate.

Fintech 102

Fintech Compliance Resources Tools 102

PYMNTS

AUGUST 14, 2020

million in combined funding, B2B FinTechs remain resilient in today’s current market. ZipLoan operates a digital platform to connect small businesses to loans, with a focus on kirana stores and micro-enterprises. Real-time cross-border B2B payment FinTech Vitesse has announced $8.3 million in Series A funding.

California 163

California Capital Fintech Security 163

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

blockchain 101

blockchain Software Fintech Maine 101

PYMNTS

JULY 4, 2016

But across the Pond – regardless of the initial claims last week that Britain had occasioned its own Independence Day via the Brexit vote — for FinTech, freedom is just another word for lots and lots left to lose. payments firms can innovate and tailor their technologies to a large stage, the continent. and the rest of Europe.

Fintech 101

Fintech United States Capital Regional 101

PYMNTS

JANUARY 11, 2021

Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

Payments 198

Payments Strategy Fintech Tools 198

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. 1) that it secured $32.2

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

OCTOBER 7, 2016

6) it has acquired a 100 percent ownership stake in FinTech startup Plati Potom. According to QIWI, the core focus areas of Plati Potom include research and implementation of various technologies, like data science in the fields of payments, eCommerce and credit risk management. QIWI announced on Thursday (Oct.

Analysis 138

Analysis Risk Management Data Fintech 138

PYMNTS

JUNE 24, 2019

Financial institutions are constantly on the hunt for an edge when it comes to mobile banking and other innovations, and that’s playing out with new, emerging 5G mobile network technology. As that mobile technology gets closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity.

Mobile 116

Mobile Fintech Technology Analysis 116

PYMNTS

FEBRUARY 27, 2018

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. The digitization of business operations has made it easier than ever to gain access to data stored in these areas too. In the U.S.,

Data 100

Data Fintech Analytics Analysis 100