Bank Innovation

MARCH 26, 2018

American Express has acquired Cake Technologies, a U.K.-based based mobile payment technologies provider, for $13.3 The deal, which was never publicly announced, was officially completed last October, TechCrunch reported today. Cake will allow payments provider Amex to expand its payment options to cardholders.

Technology 186

Technology Payments Fintech Mobile 186

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P. Airwallex Taps Deutsche Bank.

Fintech 277

Fintech Cards Technology Samsung 277

Bank Innovation

NOVEMBER 30, 2017

EXCLUSIVE— Financial services technology provider FIS will use its new API portal to help banks and fintechs alike develop new capabilities, partnerships, and innovations, Rob Lee, chief product officer for FIS, told Bank Innovation.

Fintech 368

Fintech Innovation Mobile Technology 368

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.

Fintech 308

Fintech Data User Experience Innovation 308

Bank Innovation

AUGUST 16, 2017

Toronto is becoming quite the hub for Canadian fintech, and with its new focus on blockchain, voice technology, and mobile, TD Bank is not letting itself fade into the background of that innovation.

Mobile 312

Mobile blockchain Innovation Fintech 312

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. Xero , an accounting technology provider, now offers a chatbot for small businesses. Some attendees see AI as a real way for fintechs to grow at a reasonable cost structure.

Las Vegas 156

Las Vegas Fintech Conference San Francisco 156

Insights on Business

DECEMBER 7, 2017

Two years ago I wrote an article on the 6 biggest trends in FinTech. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Artificial Intelligence and Machine Learning. Blockchain.

Trends 145

Trends Technology Fintech blockchain 145

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

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.

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

NOVEMBER 9, 2020

But for the commercial spending technology world, these forecasts aren't exactly rosy. This earnings season, the downturn has become apparent as several corporate payments technology players post losses. Virtual Cards And Mobile Technology. For some organizations, this may be good news for the bottom line.

Innovation 255

Innovation Fintech Payments Mobile 255

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today. Does this matter?

Strategy 271

Strategy Fintech Regional Technology 271

Bank Innovation

JANUARY 10, 2018

EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

Digital Banking 276

Digital Banking Technology Regional Mobile 276

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

Fintech 249

Fintech Financial Technology Mobile Innovation 249

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. Mobile wallets.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 195

Fintech Lending Software Compliance 195

Bank Innovation

DECEMBER 30, 2016

If nothing else, 2016 was a year of change—nowhere more than in fintech, where developments in blockchain, payments, artificial intelligence, financial regulations, chatbots, and mobile rippled across the space to do what fintech does best—disrupt.

Fintech 321

Fintech blockchain Regulation Mobile 321

PYMNTS

JANUARY 14, 2021

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. Banking has undergone myriad changes since the pandemic, with physical branches closed and consumers using mobile- or digital-based banking exponentially more.

Technology 168

Technology Capital Branding Innovation 168

Bank Innovation

APRIL 4, 2017

billion technology spend in 2016 went to fintech solutions, and given the company’s 2016 results, it seems like money well spent. According to the company’s Annual Report 2016, released today, the bank’s spend on fintech included improving its mobile and digital services. $600 million of JP Morgan Chase’s $9.5

Fintech 252

Fintech Video Mobile Technology 252

CB Insights

OCTOBER 13, 2020

As more customers choose to pay with their mobile phones rather than cards or cash, financial services companies face new security threats. Many banks and payments companies are turning to biometric authentication technologies to secure and streamline the mobile payment experience. GET the list of fintech 250 companies.

Capital 80

Capital Technology Mobile Payments 80

PYMNTS

DECEMBER 1, 2019

Africa’s most populous country — roughly 200 million people — is behind in offering mobile banking compared to the rest of Africa. Only one mobile banking license has been issued this year. Lenders are hoping to stave off mobile competition by expanding retail banking. Other examples include FairMoney and PalmPay.

Fintech 254

Fintech Mobile Examples Policies 254

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.

Report 300

Report Innovation Fintech Payments 300

Bank Innovation

OCTOBER 23, 2018

It's a common refrain from bank CEOs -- "My bank is a technology company." JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay. But the reality is much rarer.

Technology 210

Technology Company Fintech Operations 210

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Find the full story in the Tracker.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

JANUARY 24, 2020

Turns out consumers mostly want one thing from mobile banking apps: control. banking customers about what makes (or breaks) a mobile banking CX. What they said may surprise FinTech insurgents and orthodox bankers, because what they want is simple: more digital sway when it comes to their own money. Control vs. Chaos?

Mobile 166

Mobile Fraud Millennials Security 166

PYMNTS

APRIL 27, 2020

As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in their wallets or the digital versions stored on their browsers and mobile devices. More than ever, credit cards are becoming the coin of the realm in the global connected economy. About The Report.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

NOVEMBER 9, 2020

The Tracker also examines how mobile and instant disbursement tools could be essential to making sure these individuals are still able to participate and transact within the digital banking world. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

APRIL 7, 2020

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The firm’s offerings can be accessed through desktop, mobile and a tangible debit card. These are products that many of our leading fintech clients are asking for. I think it’s very powerful.”.

Financial Technology 151

Financial Technology Technology Innovation Fintech 151

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.

Technology 190

Technology Industry Innovation Big Data 190

Chris Skinner

MARCH 16, 2017

At the conferences, many a keynote would stand up and say technologies like data aggregation are going to disintermediate the banks from the markets. Well, the aggregators have been out there for 20 years and the banks still have strong client presence in mobile apps, so that was a bit of an over statement, wasn’t it? Nothing happened.

Fintech 226

Fintech Conference Mobile Technology 226

PYMNTS

JANUARY 6, 2020

FinTechs are watching the latest trends in integrated receivables as a new year begins. The second trend the FinTech has noticed is that payers are seeking many different payment options. These types of technologies provide a better customer experience to the payer. Now, they take a picture of the check.

Fintech 130

Fintech Trends Customer Experience Mobile 130

PYMNTS

APRIL 16, 2019

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. As reported, Singapore has been working on other cross-border initiatives as well.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

APRIL 30, 2019

Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. The Times reported late last week that initiatives include a “FinTech foresight” group that will bring together various stakeholders across financial technology and multinational companies. In the U.S.,

Fintech 189

Fintech Regional Operations California 189

PYMNTS

FEBRUARY 26, 2020

And with a nod toward what might be in the crosshairs, Dimon said that acquisitions would be somewhere within financial services and technology, and decidedly not in traditional banking (read: checking and deposits). Melding financial services and technology yields, of course, FinTech.

Fintech 232

Fintech Google Digital Banking Mobile 232

PYMNTS

APRIL 12, 2019

But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. And technology — in this case, mobile point-of-sale technology — can serve as a kind of matchmaker. New Payment Flows. New Payment Flows.

Fintech 168

Fintech Innovation Mobile Payments 168

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). As previously reported, Saudi Arabia has trained sights on FinTech as well, specifically in Riyadh.

Fintech 167

Fintech Guidelines Mobile Training 167