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

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

Fintech 288

Fintech New York Innovation Industry 288

Perficient

FEBRUARY 27, 2023

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.

North Carolina 275

North Carolina Charlotte Payments US 275

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. According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows.

Innovation 297

Innovation Fintech Cards Payments 297

BankInovation

AUGUST 11, 2023

Payments technology fintech SumUp announced Wednesday it has raised $100 million from Victory Park Capital. SumUp provides businesses with point-of-sale payments equipment and inventory management software to manage their operations.

Fintech 52

Fintech Payments Lending Software 52

PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. and Sweden, it noted.

Fintech 209

Fintech Payments Oregon Cards 209

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.

Boston 228

Boston Fintech Taxes Management 228

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.

Fintech 238

Fintech Payments Data Technology 238

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. Oxbury, ClearBank Pair for Payments. payment schemes. Faster Payments scheme.

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Community Bank Community Fintech Regional 242

PYMNTS

NOVEMBER 16, 2020

Over the years, that surge in competition gave way to a more collaborative spirit between traditional financial institutions (FIs) and FinTechs as both sides worked to digitize and modernize SMB financing. It is now not only a competitive advantage, but an essential requirement for lenders to operate digitally, said Marceau.

Lending 289

Lending Technology Capital Meeting 289

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5 trillion in 2020.

Payments 219

Payments Compliance Fintech Innovation 219

Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JUNE 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.”. “Interoperability is key to a digitally connected payments ecosystem.”. .” That’s up from $601 billion in 2016.

Payments 243

Payments Fintech Course Operations 243

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 CFO, Chana explained his strategy for guiding the enterprise toward a more resilient future through FinTech adoption and a forward-looking viewpoint. The Right Technology Fit.

Fintech 218

Fintech Strategy Data Tools 218

PYMNTS

JANUARY 9, 2020

Amex Cleared To Operate In China. The central bank in China said it accepted an American Express application to start working in the country but did not say when Amex would begin operations. As travelers become increasingly digital savvy, the industry is expected to accommodate sophisticated payment technologies.

CA 132

CA Operations California Payments 132

PYMNTS

APRIL 13, 2020

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on Monday (April 13). He will focus on developing cloud-based solutions for corporate payments across sectors including travel and healthcare. He also previously worked at U.S.

Payments 239

Payments Portland Strategy Innovation 239

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.

Fintech 189

Fintech Regional Operations California 189

PYMNTS

DECEMBER 10, 2020

North Lane Technologies and daVinci Payments said they have finished their merger, making a "high-growth, premier payment company with innovative technology and solutions," according to a Thursday (Dec. North Lane Technologies was known as Wirecard North America in the past. 10) announcement.

Pennsylvania 231

Pennsylvania Illinois Payments America 231

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.

Cards 213

Cards Fintech California Fraud 213

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. PYMNTS reported that many businesses, even lone mom-and-pop organizations, are becoming parts of ecosystems, which offer support via a number of integrated services like the ability to accept payments.

Technology 168

Technology Capital Branding Innovation 168

PYMNTS

SEPTEMBER 24, 2020

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. FIS, The Clearing House Link For Real-Time Payments. s newest payment rails, RTP, FIS and The Clearing House are pairing up with a focus on smaller FIs.

Payments 187

Payments blockchain Fintech Innovation 187

PYMNTS

SEPTEMBER 18, 2018

TD Bank is announcing a FinTech collaboration today (Sept. 18) to enhance its corporate payment offerings. The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. ” This is TD Bank’s latest FinTech collaboration targeting the corporate segment. .

Fintech 155

Fintech Payments Tools Survey 155

PYMNTS

AUGUST 6, 2020

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 The pandemic has only strengthened the demand for digital payments. Developments From Around The World Of Payments Modernization. trillion in 2018.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

DECEMBER 28, 2020

And as FinTechs continue to challenge banks, but also offer new opportunities within the B2B space, they’re advancing a corollary to the build vs. buy question: How about partnerships? Banks have been creating their own IT scripts and technology stacks for decades. Cost is only one consideration. Where The Banks Are Focused .

Payments 215

Payments Innovation Software Fintech 215

PYMNTS

OCTOBER 14, 2020

The country otherwise has sophisticated online banking products and an emerging FinTech sector. Isik Uman , Payguru founder, told FT the company has been "planning to use the billing capability of operators in order to bill customers for purchases they made either in the physical world or online" for years now.

Fintech 175

Fintech Analytics Payments Mobile 175

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.

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.

Innovation 241

Innovation Cards Payments Technology 241

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. In this week’s roundup of the latest B2B applications of bank-FinTech collaboration and open banking initiatives, PYMNTS looks at new data integration models.

Fintech 227

Fintech blockchain Data National 227

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.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

FEBRUARY 25, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Hong Kong-based Tappy Technologies ‘ collaboration with the Timex Group. businesses, and European FinTech OakNorth is partnering with ClearBank to offer agency banking services as well as real-time payments. .-

Technology 122

Technology Payments Groups Fintech 122

PYMNTS

FEBRUARY 7, 2020

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. The $13 million raised for U.K. Transparent Systems. ClearMetal.

blockchain 247

blockchain Fintech California System 247

PYMNTS

JUNE 21, 2020

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. The API will assist Futu with processing incoming funds in a more streamlined way.

Payments 359

Payments System Security Management 359

PYMNTS

SEPTEMBER 28, 2020

Banks' embrace of FinTech is often driven by consumers' growing demand for a more seamless and unified experience. This week's look at the latest in bank-FinTech collaboration and open banking initiatives finds treasury management in the spotlight. But corporates can benefit from industry collaboration, too. Tink & Enel X.

Fintech 204

Fintech Tools Groups Management 204

PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. Nigerians in underserved locations will have access to cost-effective payment services, cash-in and cash-out facilities, and savings products.”.

Fintech 254

Fintech Mobile Examples Policies 254

Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

Innovation 150

Innovation Technology Google Compliance 150

Bank Innovation

NOVEMBER 16, 2018

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

Innovation 150

Innovation Technology Google Compliance 150

PYMNTS

JUNE 23, 2020

GME) one of the largest payment financial technology companies in South Korea, according to a Tuesday (June 23) announcement by MoneyGram. Our new partnership with GME, one of the fastest-growing fintech companies in a key market, will further support this strong digital growth.”. has partnered with Global Money Express Co.

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Fintech Dallas Financial Technology Report 250