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.

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PYMNTS

JULY 27, 2020

Cross-border trade and payments have gotten far easier in recent years, and that’s a beautiful thing for recovering companies seeking new territories and customers. Noting that some countries are able to operate more normally now than the U.S., There are no more excuses for investing in a modern, viable FinTech stack.

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PYMNTS

DECEMBER 3, 2020

Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.

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PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people.

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PYMNTS

OCTOBER 27, 2020

Multinational investment bank UBS has launched the UBS Next platform in order to help invest in FinTechs and the "broader tech ecosystem," according to a press release. UBS Next will pursue direct investments in early stage FinTechs and other such companies.

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PYMNTS

OCTOBER 23, 2020

Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. Morgan Chase’s QuickAccept.

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Apple Maine Millennials Bitcoin 149

PYMNTS

OCTOBER 8, 2020

Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 In addition, Monese adopted Thought Machine’s cloud banking platform. Europe and South Africa.

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Bank Innovation

NOVEMBER 27, 2019

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: How MoneyLion’s appointment of a chief operating officer will help fuel its growth plans; The debate among banks and […].

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PYMNTS

FEBRUARY 11, 2020

FinTech bank N26 , based in Germany, will no longer operate in the U.K. The timings and framework outlined in the EU Withdrawal Agreement mean that the company will, in due course, be unable to operate in the U.K. following Brexit, according to reports. with its European banking license,” N26 said. People who live in the U.K.

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Operations Regional Course Fintech 141

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. The company was told by Chinese financial regulators at a Dec.

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PYMNTS

JULY 31, 2019

And that’s where we come to FinTech. As PYMNTS readers know, the role and appeal of FinTech is increasing significantly as consumer demands rapidly change, and technology and regulatory efforts encourage further innovation in digital payments and global transactions. FinTech Partnerships. Whole Ecosystem. “If

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PYMNTS

NOVEMBER 26, 2019

Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment.

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PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. The Outsourced FinTech Opportunity. For a consumer-facing retailer, these workflows can be unfamiliar and add a flood of friction into the sales process.

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PYMNTS

SEPTEMBER 27, 2019

Coverage this week includes a new Amex financial service, deep looks at real-time payments and the woes at WeWork, advances in voice retail and payments, a potential new opportunity for financial institutions, and original PYMNTS research into use case for artificial intelligence. Amex Launches Pay By Bank.

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PYMNTS

JANUARY 8, 2021

Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often with significant friction. As firms start to settle into the new normal, however, business leaders have the opportunity to take a more deliberate and tactful approach to their digital transformation strategies.

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PYMNTS

APRIL 30, 2019

Ireland has been ramping up to boost FinTech efforts — a trend that has spanned several countries globally. The government said that, in the wake of Brexit, roughly 100 financial firms have applied to set up shop or expand operations in Ireland. Other firms that operate within P2P lending and insurance technologies will be considered.

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PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Build, buy or partner? Finastra Chosen by Community FI. Faster Payments scheme.

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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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PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Companies then, of course, have the operational side of the costs and the associated headcount. FinTechs, such as Modo, handle the technology and the data security issues.

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PYMNTS

SEPTEMBER 2, 2020

Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. The program launched in 2018 had grown 280 percent at the time, including more than 140 FinTechs around the world.

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PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The statements were contained in the PBOC’s FinTech Development Plan 2019-2021.

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PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Don’t Put Too Much Faith In Credit.

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PYMNTS

APRIL 26, 2019

operations. In a letter on its webpage, Sinemia said it was ending operations in the U.S. While we are proud to have created a best-in-market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient. The competition in the U.S.

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Operations Fraud Capital Analysis 122

PYMNTS

AUGUST 21, 2019

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts.

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PYMNTS

SEPTEMBER 17, 2019

Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Gohman will work across the firm’s FinTech portfolio to provide strategic counsel, as well as partner with leadership teams to boost business growth.

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PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. To avert unemployment, the continent has to generate about 12 million new jobs annually.

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PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

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Fintech Payments Data Technology 238

Bank Innovation

JULY 10, 2019

Good news for fintech startups: In the future, every bank will have an API. That’s according to Ismail Chaib, chief operating officer at Open Bank Project, a Berlin-based open source API platform for banks.

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PYMNTS

AUGUST 7, 2020

FinTech Kabbage could be seeking a sale , and in doing so, could look to garner up to $1 billion. With consumers largely avoiding bowling alleys, some operators are looking to strike it big by integrating with digital gaming platforms, making them vulnerable to fraudsters. Apple Buys Mobeewave for $100M. Trackers and Reports.

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Online Apple Florida Analysis 210

PYMNTS

APRIL 26, 2019

It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. B2B FinTech firms were noticeably absent from this week’s roundup, with funding targets instead based in India, Brazil, Spain and the U.K. Interestingly, U.S. million raised by U.K.

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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. The suit can proceed.

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PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. The Finastra risk and security services team has detected anomalous activity on our systems,” wrote Tom Kilroy, Finastra ’s chief operating officer.

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Fintech Security America Course 276

PYMNTS

DECEMBER 9, 2019

Paysend , a FinTech out of the U.K., has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. The company obtained a money service business (MSB) license in Canada, and it said the procurement of the license was its first step in expanding more deeply into North America.

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PYMNTS

SEPTEMBER 30, 2020

Kakao Pay is set to be the first South Korean FinTech working with mobile payments to undertake an initial public offering (IPO), according to a report from The Paypers. Kakao Pay is the FinTech arm for Kakao Corp. , The company is likely to be valued at $8.5 The company has tapped KB Securities Co.

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Fintech Mobile Security Operations 150

PYMNTS

NOVEMBER 27, 2019

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. Xero Embraces FinTech-FinTech Connectivity. Xero Embraces FinTech-FinTech Connectivity. Plaid’s Global Expansion.

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PYMNTS

JUNE 23, 2020

Partnering with leading fintech companies is a critical component of our strategy to accelerate digital growth,” MoneyGram Chief Operating Officer Kamila Chytil , who heads the company’s digital business, said in the announcement.

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Fintech Dallas Financial Technology Report 250

PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. It also aims to enable banks, mobile money operators and other providers to connect with one another at a low cost. Along with IFC, those same entities have invested $9.6

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