Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 This puts them at risk of losing customers to more agile FinTechs that lack these issues. trillion in 2020. trillion in transaction value by 2023.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

SEPTEMBER 18, 2018

Singapore Signs On With FinTech Firms. In Singapore, news came this week that the country will open up its real-time payment system to FinTech firms. The movement to open that FinTech access, said the minister, brings “greater convenience to consumers” as those individuals use their eWallets. In The Middle East.

Fintech 166

Fintech New York US National 166

PYMNTS

MAY 30, 2018

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

Fintech 160

Fintech Regulation Compliance Innovation 160

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

NOVEMBER 27, 2019

The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized businesses (SMBs). The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance.

Fintech 167

Fintech Regional Regulation ATM 167

PYMNTS

NOVEMBER 27, 2018

“What we didn’t know until this study was the size of the credit market for small businesses. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though. “[FinTech firms] are still a drop in the buck, but they’re showing the way. .

Lending 159

Lending Fintech Capital Report 159

PYMNTS

AUGUST 6, 2020

In August’s The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including record numbers of digital payment users in India, high demand for instant payments from corporates as well as consumers, and emerging competition from FinTechs and challenger banks. About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

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

JULY 22, 2020

A study from AppsFlyer and Google found that global ATM use had decreased by 50 percent since the beginning of the outbreak as social distancing and stay-at-home orders have increased customers’ reliance on mobile apps and online banking options rather than ATMs. Experts predict that the market will reach $10.87

ATM 225

ATM Digital Banking Alabama Study 225

PYMNTS

APRIL 27, 2016

There’s the entrance into new markets and the ability to reach new customers. But, as with any shift beyond the home market, there are growing pains. Not just staffing issues, learning the local culture in a new market and, as is germane for payments, learning the local views on cash, credit and import and export taxes.

Study 100

Study Payments America Regulation 100

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

SEPTEMBER 27, 2019

Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs. trillion luxury travel market and how innovative payment solutions could open the market to even more travelers. Another day, another tech event announcing the latest and greatest hitting the market this fall checked off the list.

Fraud 116

Fraud Fintech District of Columbia Payments 116

PYMNTS

AUGUST 10, 2020

Sixty-eight percent cited the need to quickly bring solutions to market and 58 percent said they need to reduce costs or maintain profit levels. Boosting Speed To Market. Banks that cannot quickly launch payment platforms risk falling behind the growing number of FinTechs, challenger banks and other digital-native competitors.

Payments 222

Payments Innovation Study System 222

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Brazil’s plan to implement a dedicated op en banking strategy is also drawing more FinTechs and third-party banking providers into its market.

Mobile 229

Mobile Report America Regulation 229

PYMNTS

JULY 10, 2020

Financial access to, and inclusion in, new foreign markets will certainly create post-pandemic fortunes. In fact, the pandemic has boosted the fortunes of several cross-border payments platforms as they proved their value to people and business owners operating on lockdown. Also, turns out it’s just smart business strategy.

Payments 142

Payments Strategy Marketing Fintech 142

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. First they started to invest in equivalent products and services to their own in other markets of similar nature, such as India and Thailand.

Company 350

Company Payments System Fintech 350

PYMNTS

JANUARY 22, 2020

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit , a software development startup based in Ethiopia, as reported on Wednesday (Jan. incorporated but operates in Addis Ababa – to support that expansion into East Africa and Latin America,” the article indicated.

Software 130

Software San Francisco America Study 130

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

FEBRUARY 28, 2020

The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Developments From Around The World Of Digital-first Banking.

ATM 159

ATM Study Analytics Meeting 159

South State Correspondent

FEBRUARY 20, 2023

Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively. Unfortunately, banking is challenging to study, and some banks inadvertently ignore their significant competitors.

National 195

National Lending How To Community Bank 195

PYMNTS

JANUARY 28, 2020

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

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic has ushered in immediate, large-scale operational changes for financial institutions (FIs) in the EU, U.K. The resulting shifts could have profound impacts on digital financial tools’ growth in markets around the world. Online account openings have increased 14.5 percent for community FIs in the U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.

Strategy 190

Strategy Report Lending Fintech 190

Abrigo

FEBRUARY 23, 2022

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Knowing Your Customer. According to a J.D

How To 195

How To Lending Software Survey 195

PYMNTS

SEPTEMBER 14, 2017

With so much potential revenue at stake, there’s little wonder why merchants around the globe want to take their operations to the international stage. Before businesses can spread their global wings and reach new markets, though, they must first overcome their fears of engaging in global trade. and European markets.

Report 191

Report Trends Massachusetts Study 191

PYMNTS

NOVEMBER 25, 2020

For Lee Barnes, head of data insights at FinTech Paytronix, there’s a three-step process to loyalty in the new dining. First, identify key market segments and understand their motivations. Three Steps to Greater Loyalty. No matter what it is, there’s the hard way and the other way. The research revealed that 38.7

Survey 211

Survey Study Online Mobile 211

PYMNTS

JANUARY 20, 2019

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily. “For

Bitcoin 178

Bitcoin Texas Washington ATM 178

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Mexico has crafted its upcoming rules with similar developments in mind, especially as its 2018 law makes the market more attractive to FinTechs.

America 165

America Regulation Regional Tools 165

PYMNTS

JANUARY 31, 2019

In addition, Grab plans to start offering solutions and privileges from United Overseas Bank Limited (UOB) in Singapore , Fintech firm BPP has unveiled a digital wallet dubbed BPP Pay for the Brazilian market and passengers from China can now make payments with WeChat Pay at an airport in Italy.

Cards 108

Cards Operations Payments Taxes 108

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. Over the last 15 years, Turkey has become one of the top three card markets in Europe in terms of total credit cards, debit cards, and point-of-sale (POS) terminals.

Innovation 196

Innovation Cards Trends System 196

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019. This is also the aim behind several regulatory changes taking place in other MENA markets, notably Egypt.

Online 151

Online Report Payments Regulation 151

PYMNTS

DECEMBER 13, 2019

At a high level, Moody’s Investors Service has estimated that the department store sector will see a steeper, deeper decline in operating income than had been seen by Moody’s even last month. This past week, the service called for an operating income decline of 20 percent, where the forecast had been for a 15 percent decline.

Course 130

Course Operations Retail Fintech 130

PYMNTS

JANUARY 22, 2020

Many financial and non-financial institutions are sizing up market opportunities and working with external parties,” said one of the sources. The FinTech division of the gaming startup Razer — which led an operation to go after an application in Singapore — was in discussion with a regional conglomerate for a Malaysian license. .

Digital Banking 136

Digital Banking Regional Capital Study 136

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 60% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108