American Banker

FEBRUARY 12, 2024

With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.

National 63

National Retail Fintech Management 63

PYMNTS

NOVEMBER 12, 2020

Visa Unveils FinTech Partnership Program In Europe. Visa is launching a new program designed to connect European FIs and retailers with state-of-the-art digital payment services. Plus, Railsbank has closed a $37 million funding deal. EDPB Recommends Steps For Data Exporters To Ensure GDPR Compliance.

Payments 142

Payments Fintech Exercises Risk Management 142

PYMNTS

JANUARY 30, 2019

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. As it stands, the company’s Lightspeed platform already serves small to medium-sized retailers.

System 122

System Fintech United States Big Data 122

BankInovation

JUNE 2, 2020

INV Fintech, Bank Innovation’s sister accelerator, announced its ninth class today of 10 startups from around the world. The startups were selected after a rigorous review process by INV Fintech and its partners, which include Fiserv, BMO Harris Bank, TIAA, City National Bank and State Employees’ Credit Union, among others.

Fintech 98

Fintech National Data Management 98

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. as well as maintain the company’s critical national infrastructures. .

Retail 116

Retail User Experience ATM Security 116

PYMNTS

SEPTEMBER 3, 2019

PayPal, Augmentum Fintech, International Airlines Group and Investec’s INVC Fund also participated in the round. In May , Monese extended Apple Pay support through 13 countries in Europe, and also arrived at National Australia Bank. The company said it has more than 1.4 as well as France.

Fintech 129

Fintech Apple National Mobile 129

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Speed matters for FinTechs aiming to bring new products to market digitally and to target consumers not well served by traditional banking models.

Retail 141

Retail Cards Millennials Fraud 141

ABA Community Banking

SEPTEMBER 8, 2021

Vast Bank recently became the first nationally chartered, FDIC-insured bank to offer crypto banking. The post How a Community Bank Launched a Retail Crypto Platform appeared first on ABA Banking Journal. Banks of all sizes are hearing from many customers that they want exposure to the fast-growing but volatile cryptocurrency market.

Community Bank 64

Community Bank Community Retail FDIC 64

Bank Innovation

JANUARY 2, 2020

Gartner’s Digital IQ Index for 2019 surveyed 80 banking and financial brands, including national banks, regional banks, online banks and fintech startups. It examined 1,200 data […].

Regional 273

Regional Study Survey National 273

Bank Innovation

NOVEMBER 13, 2018

Venture-backed fintech funding saw a dip in value and deals globally in the third quarter, compared with the record high 2Q quarter, according to a CBInsights report, with a total of $5.64 billion raised across 375 deals. The report shows that the U.S. saw the biggest drop in five quarters, down 17% to only 130 […].

Fintech 186

Fintech Report Groups National 186

PYMNTS

DECEMBER 6, 2020

Residents of Suzhou were given free digital yuan as part of a test orchestrated by China's central bank, according to reports, and retailer JD Digits announced it will accept the currency for some purchases. Bloomberg described JD.com as the second-largest online retailer in China.

United States 189

United States Retail cryptocurrency Online 189

Bank Innovation

FEBRUARY 19, 2020

The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1%

San Francisco 259

San Francisco National Digital Banking Fintech 259

Bank Innovation

JULY 27, 2018

You might not expect the nation’s leading mobile bank, with north of 31 million users, to be in a hurry to build a digital bank under a new brand, but that’s just what JPMorgan Chase did last October with Finn.

Fintech 170

Fintech National Innovation Digital Banking 170

Bank Innovation

NOVEMBER 13, 2018

Venture-backed fintech funding saw a dip in value and deals globally in the third quarter, compared with the record high 2Q quarter, according to a CBInsights report, with a total of $5.64 billion raised across 375 deals. The report shows that the U.S. saw the biggest drop in five quarters, down 17% to only 130 […].

Fintech 150

Fintech Report Groups National 150

PYMNTS

NOVEMBER 11, 2020

In today’s top digital-first banking news, MercadoLibre has been granted a license from Brazil’s central bank, while payments FinTech Alacriti has teamed with Glia on new customer service options for payments needs. Alacriti, the payments FinTech, has teamed with Glia on new customer service choices for payments needs.

Philadelphia 165

Philadelphia Fintech National Payments 165

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . Through that plan, the currency of every nation receives a varied weight depending on its economy.

Regional 161

Regional Bitcoin cryptocurrency National 161

PYMNTS

JULY 24, 2019

“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter.

Fintech 162

Fintech FDIC National Online 162

PYMNTS

FEBRUARY 21, 2020

Earlier this week, a FinTech took the leap into the full spectrum of financial services, perhaps paving the way for future mashups. FinTech has bought a bank, and it shows how digital-first firms can broaden their scale and reach with cross-pollination across financial offerings. The cut comes after the retailer announced a $1.5

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

Banking Exchange

AUGUST 20, 2019

In a set of finalists dominated by foreign banks, a few American financial institutions made the final cut Technology Feature3 Fintech Feature Management Financial Trends Human Resources Financial Research Retail Banking Customers Channels Performance.

National 68

National Resources Innovation Trends 68

PYMNTS

SEPTEMBER 15, 2020

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . Through that plan, the currency of every nation receives a varied weight depending on its economy.

Regional 140

Regional Bitcoin cryptocurrency National 140

ATM Marketplace

FEBRUARY 23, 2016

Initiatives to be rolled out in the first half of 2016 include a fleet of intelligent teller machines, an upgraded mobile banking platform and a product branding initiative.

National 48

National Retail Fintech Branding 48

PYMNTS

AUGUST 12, 2020

All told, cash accounts for 75 percent of all retail transactions within Germany, even taking into account, as the German Association of Money and Bond Services estimated, that a third of all card payments have been done through contactless means in the wake of the coronavirus. percent done in cash.

Course 221

Course Cards Fintech Payments 221

Bank Innovation

APRIL 19, 2019

BMO Harris Bank is expanding the scope of its in-house accelerator from a local to a national program. The Chicago-based bank is accepting applications from fintech startups for the 2019 BMO Harris/1871 Innovation Program through the end of the day today. Ben Schack, Head of U.S.

Innovation 170

Innovation Chicago National Fintech 170

CFPB Monitor

NOVEMBER 22, 2022

The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. A United Arab Emirates-based FinTech recently took in $23 million in Series A funding to power its delivery of such services. Interest in BNPL is not limited to the U.S.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

OCTOBER 9, 2020

The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”. Beyond that, national efforts are piecemeal. Fed, the Swiss National Bank and others.

National 175

National Boston Examples Course 175

PYMNTS

DECEMBER 9, 2020

All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. That suddenly opened up the market for FinTechs to offer targeted slivers of traditional banks’ financial services, like loan underwriting or debit accounts.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

AUGUST 11, 2020

“We’re focused on providing all of our users with a seamless, contactless shopping experience as stores reopen and the pandemic continues to affect communities across the nation,” said David Sykes, head of U.S. billion, it’s one of the largest private FinTechs globally, the company said. at Klarna, in a statement. million U.S.

Google 152

Google US Samsung Apple 152

Bank Innovation

AUGUST 6, 2018

Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the endorsement of the US Treasury, the OCC was finally opened the application process for fintechs seeking a special national banking charter.

National 150

National Innovation Fintech US 150

PYMNTS

APRIL 8, 2020

s National Health Service (NHS), per a company announcement. Even the queen has taken to the airwaves to urge Britons to keep up the fight against the coronavirus. For their part, Mastercard is hitching a ride with Uber Eats ’ program that offers free meals to staff of the U.K.’s Mastercard will donate the cash. “We

National 201

National Retail Fintech US 201

Gonzobanker

MARCH 28, 2024

A key aspect of digital transformation centers around which retail and business digital platforms an institution will place its faith in for future growth and customer retention. In the face of a digital vendor landscape teeming with activity and competition, financial executives have several key trends to consider: #1.

Digital Banking 148

Digital Banking Customer Experience Strategy Exercises 148

PYMNTS

NOVEMBER 21, 2017

They’re a result of the Competition and Markets Authority (CMA) inquiry, which found a serious lack of innovation in the nation’s banking sector — especially when it comes to small- and medium-sized business (SMB) services. As the U.K. ’s entrepreneurs are struggling in today’s financial services climate.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

JUNE 24, 2020

Wirecard had reportedly not started to enroll retailers or started processing payments for the ridesharing and payments firm. As it stands, over 600,000 retailers and small businesses take Grab’s eWallet for payment. The news comes as Markus Braun, the former chief executive of Wirecard, was arrested on June 22.

Payments 159

Payments Retail Fraud National 159

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. The FinTech as a Service launched Tuesday (Dec. Retail Will Play Major Role In Vaccine Distribution. Report: Digital Lender SoFi Eyes IPO Via SPAC.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

OCTOBER 7, 2019

Silicon Valley FinTech Affirm is rolling out a new app that will give customers a way to shop at almost any store and split their payments, the company announced in a press release on Monday (Oct. Holiday spending by Americans topped $700 million in 2018 and is expected to be higher in 2019, according to the National Retail Federation.

Payments 139

Payments Millennials Retail Cards 139