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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.

Fintech 148
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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. Few are more familiar with this challenge than St. There’s No “I” in CU. Getting Technical.

St. Louis 130
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Top News in Payments: UK FCA Asks Banks To Explain High Overdraft Fees; Yandex Launches 15-Minute Grocery Delivery

PYMNTS

The company plans to operate the service, called Lavka, like a digital convenience market, and stocks roughly 2,000 items. The FinTech, which focuses on cross-border payments, will use the funding to boost its technology portfolio and partner network. . In this month’s Credit Union Tracker, PYMNTS spoke with the St.

St. Louis 131
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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3

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How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

Among those with eased terms, 31% reported they had narrowed spreads of small business loan rates over the cost of funds, and 43% reported having narrowed spreads for large and middle-market loans. In a blog series, “ Adapting to the Digital Age ,” researchers from CSBS, the St. It appears to be helping.”

Lending 195
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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Global Payments, The SME Market And Mary Kay. The motivation behind the partnership for Global Payments is an initial onslaught into the SME market. Mobile Payments Startup OPER Raises $750,000. Mobile Payments Startup OPER Raises $750,000. OPER is led by co-founder and CEO David Laiderman , who is seeking a total of $1.5

Mobile 100
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Faster Payments And The Fed, Two Years On

PYMNTS

The goal is an ambitious one, to be sure, one that needs collaboration between sometime competitors in the banking and FinTech arenas. David Sapenaro, first vice president and chief operating officer of the St. consumers and to businesses, standard practice across transactions of all sizes.

Payments 111