BankInovation

APRIL 11, 2024

NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say. “If

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Bank Innovation

APRIL 7, 2016

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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Bank Innovation

DECEMBER 10, 2019

Centana Growth Partners, a New York and Palo Alto, Calif.-based based growth equity firm, closed its second fintech valued at $375 million this week. The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies.

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Bank Innovation

JANUARY 17, 2017

Turns out, not everyone is happy about the OCC’s decision to grant banking licenses to (suitable) fintechs. The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More.

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Bank Innovation

AUGUST 17, 2017

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

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PYMNTS

NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. Companies that did get funding received only 0.9

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Bank Innovation

JANUARY 9, 2017

Top seed investors in the New York startup community showed their muscle in the final quarter of 2016 and are likely to continue doing so in the coming year, says a new report from Primary Venture Partners. Among the winners in an otherwise difficult year for startups were fintech companies like Read More.

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PYMNTS

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

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Payments Dive

MAY 7, 2019

A lawsuit brought by New York banking regulators could have a significant impact on fintech development amid efforts by federal authorities to drive innovation.

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Bank Innovation

NOVEMBER 27, 2017

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years.

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Bank Innovation

MAY 17, 2017

In a mood for some fintech inspiration? At the TechCrunch Disrupt 2017 event, currently taking place in New York, Bank Innovation came across a gauntlet of bright, shiny new fintechs. Take a walk down the startup alley.

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PYMNTS

AUGUST 9, 2018

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. In a press release, the U.K. billion.

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Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Qplum The startup, launched […].

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Payments Dive

JANUARY 30, 2023

The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

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Payments Source

DECEMBER 3, 2019

Despite the growing success of fintech upstarts hailing from San Francisco, Wall Street institutions remain on top of the financial world. In some ways, the moves are natural for tech startups with financial ambitions.

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PYMNTS

OCTOBER 16, 2020

London's FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 New York City is also high up there, with $2.2 The pandemic has dealt blows to many markets, but so far, London's FinTech market appears to be coping well, the release stated, with data suggesting that around 95 percent of the U.K.'

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San Francisco Fintech New York City Data 265

PYMNTS

OCTOBER 20, 2016

Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. The products could help serve lower-income people who live in New York and don’t have access to banking.

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PYMNTS

MARCH 26, 2019

The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group members will be picked based on expertise across all FinTech -related issues. “The

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American Banker

JUNE 13, 2023

Gotsch is one of American Banker's Most Influential Women in Fintech.

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BankInovation

SEPTEMBER 1, 2023

Spend management fintech Ramp raised $300 million on Aug. The series D funding round has given the New York-based company a valuation of $5.8 22 to fuel its product expansion aims. billion, according to a release from the company. Ramp’s valuation dropped from $8.1

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The Paypers

JUNE 9, 2020

The New York State Department of Financial Services (DFS) and the France-based Autorite de Controle Prudentiel et de Résolution (ACPR) have partnered to help fintechs.

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American Banker

FEBRUARY 9, 2024

The city's pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.

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William Mills

MAY 18, 2023

Fintech Nexus completed its metamorphosis. The two-day show remained in New York, gathering a good crowd of fintechs, venture capitalists, banks, credit unions, media and influencers. In 2022, the show launched its transition from LendIt into a namesake focused on industry connections.

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PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

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Bank Innovation

NOVEMBER 12, 2019

Despite a recent legal challenge, Comptroller of the Currency Joseph Otting said the regulator will continue to advocate for passage of the OCC’s special purpose fintech charter. At the RegTech 2019 conference in New York on Tuesday, he reiterated the case for having nonbanks that offer banking services under regulatory oversight.

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Bank Innovation

AUGUST 2, 2019

Nyca Partners has closed on $210 million for its third investment fund, a vehicle that will let it continue to support the growth of fintech innovation, David Sica, partner at the New York- and San Francisco-based venture firm, told Bank Innovation. “I think there’s still a lot of opportunity,” Sica said.

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Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

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Tom Groenfeldt

JANUARY 15, 2019

The Partnership for New York and Accenture have been running a successful FinTech Innovation Lab that brings together skilled startups with banks and now insurance companies.

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Chris Skinner

NOVEMBER 14, 2016

Spent a lot of time in Singapore, Istanbul, London (obviously), New York and Washington. I count these as my hotbeds of fintech innovation. These are … The post #Singapore’s #Fintech Festival appeared first on Chris Skinner's blog. I’ve also briefly dropped in to Hong Kong, Berlin and Bangkok.

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Bank Innovation

SEPTEMBER 14, 2017

banking regulator, the Office of the Comptroller of the Currency, is still in the “exploratory” phase with its new fintech charters. This is according to acting Comptroller Keith Noreika, who made the remarks yesterday during the FinovateFall conference in New York.

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BankInovation

FEBRUARY 25, 2022

Fintech Funding is a look at the top fintech-related funding rounds of relevance to the financial services industry. Payment fintech Stripe last week led a $75 million series C funding round for payroll software fintech Check Technologies, bringing the company’s valuation to $725 million.

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Payments Source

APRIL 24, 2019

Silicon Valley, New York, London and several of China’s largest cities are the world’s leading fintech hubs, but many other locales are gunning for their crown.

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PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. In the U.K.,

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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. While In New York, New York….

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Bank Innovation

DECEMBER 15, 2017

A federal judge has ruled on a New York lawsuit set against the Office of the Comptroller of the Currency’s decision to begin offering fintech charters, stating that the suit was ‘premature’ as the OCC has yet to receive applications for these fintech charters.

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Bank Innovation

NOVEMBER 19, 2018

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].

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PYMNTS

JUNE 10, 2019

Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New York’s talent pool in the financial department, which has more depth in the San Francisco sector. Many FinTech outfits use a small group of institutions like Celtic Bank or Cross River for banking products.

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