PYMNTS

DECEMBER 29, 2020

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

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Fintech Data User Experience Innovation 308

PYMNTS

NOVEMBER 12, 2020

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. Eighty-two percent of contactless users view the technology as cleaner than other options.

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Report Innovation Fintech Payments 300

CFPB Monitor

SEPTEMBER 20, 2021

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. These discussions may include regulatory questions.

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Financial Technology Meeting Innovation CA 78

Independent Banker

OCTOBER 31, 2022

The fintech landscape is shifting. Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts. By Charles Potts, ICBA.

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Fintech Community Bank Kansas City Community 126

PYMNTS

MARCH 6, 2020

The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia. We focus on scale-up stage financial technology companies that are expanding access to financial services for underserved consumers and small businesses,” said Rengaswamy.

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Capital Fintech Meeting Washington 141

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.".

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Fintech Regional Fraud Meeting 174

PYMNTS

NOVEMBER 26, 2019

Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment.

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Compliance Regulation Fintech Resources 182

CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Data is as of 10/8/2019.

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Fintech Marketing US Technology 93

PYMNTS

DECEMBER 9, 2020

It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. According to Disque, the technologies are already in place for B2C firms to take the leap into B2B, but businesses must be strategic about the tools they choose to adopt.

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Innovation Fintech Cards Payments 297

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Competitive Disruption.

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Regulation Innovation Fintech Marketing 156

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.

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Community Bank Community Fintech Risk Management 159

PYMNTS

AUGUST 4, 2020

Paya , an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. Paya is set to merge with FinTech Acquisition Corp. The deal is part of the move toward market consolidation for FinTechs. The deal values Paya at about $1.3 ” Betsy Z.

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Fintech Software Lending Financial Technology 159

PYMNTS

JUNE 2, 2020

Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday (June 2). The program supports digital payment innovators by making it easy to collaborate with Mastercard and its partners to debut new FinTech products.

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Fintech Innovation Branding Compliance 141

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.

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Technology Industry Innovation Big Data 190

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Latency Advantages.

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Fintech Mobile Analysis Technology 211

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 plans to hold its first meeting on April 1. Members will participate on a rotational basis.”.

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Groups Fintech New York Financial Technology 135

PYMNTS

SEPTEMBER 28, 2020

Banks' embrace of FinTech is often driven by consumers' growing demand for a more seamless and unified experience. Increasingly, treasurers are seeking intelligent solutions augmented by artificial intelligence (AI) and machine learning (ML) — and banks are turning outward to meet those needs. HighRadius & Commerce Bank.

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Fintech Tools Groups Management 204

PYMNTS

SEPTEMBER 18, 2019

The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.

Fintech 144

Fintech Payments Meeting Capital 144

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. projects fail to meet a deadline, cost estimate, or target business outcome.

Technology 145

Technology Regional Community Bank Community 145

PYMNTS

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190

Industry Big Data Fintech Taxes 190

PYMNTS

APRIL 29, 2020

As he told Webster, “in many mature markets, the responses of most of these institutions have been fast and consistent, with business continuity plans established under the supervision of regulators.”. That new demand may put pressure on FIs to meet a wave of new and continued demand for banking done in bits and bytes. Bit by bit.

Technology 142

Technology System Meeting Resources 142

PYMNTS

JULY 5, 2018

The vast majority of traditional financial institutions (FIs) plan to increase their collaborative efforts with the FinTech world, according to a PwC report published last year. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 109

Compliance Fintech Marketing Security 109

Bank Innovation

MARCH 24, 2016

Just under 10% of the companies — 15 to be exact — were fintech-related. Y Combinator’s Winter 2016 Demo Days just wrapped up, with 159 startups taking the stage and making their play for funding. This is about average for a YC incubator class, with the 26% from Summer 2015 being an Read More.

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Fintech Meeting Company social media 150

PYMNTS

JANUARY 28, 2021

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. Just as London and other European cities are hotbeds of FinTech innovation, the U.K. Among important findings of the new study is this: “The U.K. As the U.K.

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Meeting Study United States Online 176

Abrigo

JUNE 14, 2017

Many banks and credit unions have found a path to growth via partnerships with fintechs. Technology partners offer much more than just software to banks; a fintech partnership provides delivery channels, convenience, corporate governance , advisory services, and industry data. Additional Resources Hiring headache?

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

NOVEMBER 18, 2020

Collaboration and not competition, Visa’s Senior Vice President, Global Head of FinTech Terry Angelos told Karen Webster in a discussion on the recent advancements and updates to Visa’s Fast Track program , is quite evident — particularly when one observes that a number of Visa’s partners are many that, on paper, might appear to be competitors.

Fintech 184

Fintech Community Community Bank Meeting 184

PYMNTS

DECEMBER 28, 2018

One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. Bank technology provider nCino has kept this challenge in mind throughout 2018. PYMNTS: Can you provide some insight into what technologies are affecting these markets? ?.

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Fintech Customer Experience Tools Technology 177

PYMNTS

OCTOBER 16, 2018

In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. As reported by Bloomberg , the regulator at the helm of Singapore’s financials has embraced an effort to “bring together” FinTech firms and banks there.

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Fintech Regulation cryptocurrency Innovation 188

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). The service, offered by a network of banks in the Nordics, has been adopted by more than 10,000 registered businesses, the FinTech company said.

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Fintech Cards Regional Management 248

PYMNTS

OCTOBER 29, 2019

Walmart and Green Dot have announced that they are going to develop a FinTech accelerator together and call it “TailFin Labs, LLC,” the companies said in a release. The accelerator will create new products, technologies and services that exist in the meeting place of retail shopping and consumer financial services.

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Fintech United States Retail Innovation 101

FICO

SEPTEMBER 30, 2022

Meet Our 2023 FICO Decisions Awards Judges. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Saxon Shirley. Thu, 05/12/2022 - 10:29.

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Meeting Analytics Management Strategy 52

PYMNTS

OCTOBER 29, 2019

Walmart and Green Dot have announced that they are going to develop a FinTech accelerator together and call it “TailFin Labs, LLC,” the companies said in a release. The accelerator will create new products, technologies and services that exist in the meeting place of retail shopping and consumer financial services.

Fintech 103

Fintech United States Retail Innovation 103

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

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Groups Report Regulation Meeting 278

PYMNTS

AUGUST 14, 2019

The cross-border payment market is thriving, and trends are expected to continue over the next few years. Companies separated across borders want payments to be delivered on time so they can meet their payment deadlines, access capital and deliver products in a timely fashion. Around the Smarter Payments World.

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Fintech Payments Cards Regional 168

PYMNTS

OCTOBER 29, 2019

FinTech provider Bottomline Technologies announced that it has added artificial intelligence- (AI) enabled chat inside its payment solutions for its Paymode-X and PTX customers. We’re thrilled that Bottomline is using our platform to meet their customers where they are and ensure conversations are frictionless, enjoyable and human.”.

Technology 101

Technology America Cards Meeting 101

PYMNTS

AUGUST 10, 2017

Banks and FinTech companies have a complicated history. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension?

Fintech 202

Fintech System Industry Google 202

PYMNTS

JANUARY 29, 2019

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt , a consortium of banks in the region expects a number of FIs, including those in Egypt, to embrace FinTech. banks) – has joined a $30 million investment round that brings funding to Finxact.

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Fintech Cards System Groups 145