CB Insights

AUGUST 1, 2019

Currently, cash still accounts for 90% of consumer transactions in Mexico, and Mexico’s population is substantially underbanked: only 47% of adults between 18 and 70 years old have a bank account, according to data from the National Survey of Financial Inclusion. But the landscape may be changing. Want the full expert post?

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PYMNTS

SEPTEMBER 6, 2019

million was placed with B2B FinTechs this week. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 Cashflo said it aims to create India’s largest invoice discounting online marketplace and will use the funding to expand its product offering and grow its team. Aspire Financial Technologies.

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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. the region. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools.

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Banking Exchange

AUGUST 21, 2019

Community banks are facing tremendous competitive pressures from regional, national, and global banks Technology Feature3 Fintech Feature Financial Trends Community Banking Customers Core Systems Branch Technology/ATMs Outsourcing/Cloud Tech Management Mobile Online Cards Checks/Remote Deposit Capture.

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PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Activity in the online gambling space has been heating up, especially since the World Cup began. Chargehound. Jewel Paymentech.

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PYMNTS

JULY 17, 2018

The movement toward linkups between traditional financial institutions (FI) and FinTech firms seems an inexorable one — in the cross-selling of corporate services into consumer bases that embrace individuals and, typically, small- to medium-sized businesses (SMBs). However, looking elsewhere beyond U.S.

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PYMNTS

JULY 21, 2020

The European Union’s financial authorities are monitoring how the pandemic may be affecting banks’ and FinTechs’ compliance with rules such as the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2), for example. Around The Data Protection World.

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Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

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PYMNTS

JANUARY 13, 2021

The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. Since then, PSCU has migrated from being a transaction processing service reseller to a FinTech provider helping credit unions (CUs) and their members. and PT Danadipa Artha Indonesia.

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PYMNTS

JANUARY 9, 2018

“Community banks are much better positioned to provide personalized service to small business customers; large national banks simply aren’t equipped or motivated to do so.”. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs. We urge you to make such legislation a priority.”.

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PYMNTS

FEBRUARY 10, 2017

With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Monday (Feb. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. B2B Payments. Alternative Lending. Capital Float.

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CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. In 2018, startups in the space raised more than $45B, a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. Data is as of 12/19/2019.

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PYMNTS

JULY 17, 2020

He said that while small banks, credit unions (CUs) and regional players deeply fear being swept aside by the great digitalization wave that the pandemic has set off, their concerns aren’t actually unique to the financial industry’s smaller end. Instead, FIs must go digital in the ways consumers are seeking.

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PYMNTS

FEBRUARY 13, 2020

Other, Individual presentations (with just three of the main markets noted below) delved into the market specific opportunities by region and country, detailing total addressable markets that stretch into the trillions of dollars. Of the unbanked population, he said “that’s one-quarter of all adults in the region.” Asia Pacific.

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PYMNTS

FEBRUARY 25, 2020

China is looking to keep up with consumers, financial institutions (FIs) and merchants that send funds and information through online channels, and several of the country’s related regulations resemble those from regions where such transactions are now commonplace. For example, parts of its Multi-Level Protection Scheme (MLPS) 2.0

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South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. That 9% does not include specialty consumer banks or fintech companies.

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PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. Opportunity, he noted, abounds.

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PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region.

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Regional Taxes System Guidelines 108

PYMNTS

MARCH 26, 2020

As Davis noted, larger banks, including regional players, tend to have their own technology platforms — and direct integrations into their own networks — to enable mobile and contactless payments. They are not always fast followers of newly introduced products and services from their larger banking brethren who operate on a national scale.

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South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Instead of shopping online and scrolling through a catalog of products, consumers would like to see something on Reels or Tik Tok and buy there. Big Idea – Blurred Lines Between Online and Offline.

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PYMNTS

OCTOBER 28, 2019

The firm was the first money transfer company to use Unified Payments Interface (UPI), which was developed by the National Payments Corporation of India under Reserve Bank of India (RBI) guidelines. Visa, Marqeta Team To Boost FinTech Expansion Across Asia Pacific. Amazon Taps Into Bill Payments With Alexa.

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Payments Guidelines Fintech Regional 101

Tech and Finance

JULY 13, 2016

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Or at least they should be. The 2016 U.S. Retail Banking Customer Satisfaction Study from J.D.

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PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . Were the deal to go through, Nubank would be the second-highest valued FinTech in the world, trailing Stripe , which is currently valued north of $20 billion.

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blockchain Payments Regional America 147

PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack.

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PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. as they upgrade their online data and financial rules to support global digital banking innovations.

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PYMNTS

JANUARY 6, 2020

will be expected to open their platforms and application programming interfaces (APIs) to smaller FinTechs and third-party players in ways that comply with PSD2, potentially including SCA. Turkish institutions. Turkish banks and businesses may be familiar with the broad strokes of PSD2, but its impact may be somewhat different.

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CB Insights

JULY 21, 2017

Earlier this week, Bank Indonesia, the central bank of Indonesia, nominated three companies for its award for the fintech company most supportive of the “non-cash national movement of inclusion.” At risk are the region’s banks, insurers, and even local startups amid an aggressive land grab by larger players.

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PYMNTS

JUNE 9, 2020

As the survey of more than 4,000 CU members, CU leaders and FinTech executives showed, 41.4 He pointed out that while CUs have traditionally been regionally focused, firms like SoFi and Robinhood have spent significant time and money on marketing. percent believe challenger banks will be competitive threats in the coming years.

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Digital Banking Millennials Lending Marketing 133

PYMNTS

APRIL 7, 2017

In the stock market, sometimes sizzlers keep sizzling, especially when online sales are in the offing. FinTech : Amid JPMorgan Chief Jamie Dimon’s letter to investors — heavy on the cautionary statements about America and its domestic challenges — one eye-popping stat stood out. Visa is also expanding its global footprint.

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PYMNTS

OCTOBER 14, 2016

B2B FinTech space is silent. Late last week, South Africa’s LulaLend brought some rare attention to the nation’s alternative lending space. FlexiLoans offers an online lending platform for small businesses and launched in Nov. Instead, more than $40 million landed in South Africa, India, Canada and the U.K.

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PYMNTS

SEPTEMBER 11, 2019

One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. In addition, passporting can help companies expand services across nations. In terms of technology, APIs help facilitate access to that data.

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Digital Banking Millennials Mobile Regulation 160

PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Like Lendingkart, Five Star said it would use the funding to expand across India, focusing on the southern region of the country, reports said. Europe and Asia that followed suit with their own investment rounds.

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PYMNTS

MAY 5, 2016

Though digital and mobile are increasingly ascendent, physical commerce remains dominant and accounts for over 90 percent of all retail spending in the Western nations where Klarna operates. “We According to McKinsey & Company estimates, the payment services industry was worth about $1.7 trillion in global revenue in 2014.

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American Banker

OCTOBER 12, 2016

With its acquisition of the online pricing firm Paribus, Capital One continues a pattern in recent years of acquiring promising fintech startups.

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NCR

APRIL 12, 2017

Asian nations to lead the way. The importance of financial inclusion and access to cash is particularly true in Asia, where governments in many countries are turning to technology to tackle the high proportion of unbanked citizens in the region. Improved access to ATMs will play a major part in this.

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NCR

MARCH 22, 2017

Hong Kong is a modern metropolis with an expanding fintech sector , while China is home to two of the world’s biggest, most innovative cities in Beijing and Shanghai. In Spain, for example, ATM activity increased by eight percent as the national economy started to recover. billion in 2014 to 54.5 billion the following year.

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American Banker

MAY 24, 2016

Now some banks are better positioned than others to take advantage of the online sector's recent woes. During the ascension of marketplace lending, banks responded to the competitive threat in several different ways.

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