Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

Case Study 79

Case Study Study Compliance Risk Management 79

PYMNTS

SEPTEMBER 5, 2019

Alicia Levine, who works at BRCK, an internet hardware and service startup, will become the company’s chief operating officer. Both Chipper Cash founders emigrated to the United States to study and work in Silicon Valley. Its FinTech industry is one of the most advanced in Africa, up there with Kenya and South Africa,” he said. “I

Fintech 130

Fintech San Francisco United States Google 130

PYMNTS

DECEMBER 11, 2019

10), Craig Moore, CEO of business financing platform Beehive , not only made the case for more P2P lending in the Middle East (the company is based in the United Arab Emirates), but also gave a larger view of the FinTech situation in that region as a new decade dawns. But in a new PYMNTS interview on Tuesday (Dec. But that’s not all. “We

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

JANUARY 29, 2019

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt , a consortium of banks in the region expects a number of FIs, including those in Egypt, to embrace FinTech. Finxact’s own offerings operate in the cloud. “I Outside U.S.

Fintech 145

Fintech Cards System Groups 145

Insights on Business

OCTOBER 31, 2019

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

Case Study 70

Case Study Study Compliance Risk Management 70

PYMNTS

OCTOBER 29, 2018

A report earlier this month from Accenture has estimated that the range of financial sector upstarts — from challenger banks to FinTech firms, to new tech firms coming into financial services — will disrupt top-line growth for entrenched financial institutions (FIs). The study also found that the threat to FI top lines is on the rise.

Fintech 178

Fintech Data United States Report 178

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. In The Middle East.

Fintech 166

Fintech New York US National 166

Bobsguide

APRIL 18, 2017

A recent PwC survey, Redrawing the lines: FinTech’s growing influence on Financial Services pin-points the relationship between and banks and fintechs and highlights the key challenges that will make an impact on the financial services industry. The study reveals that 61% of UK financial.

Industry 68

Industry Fintech Operations Study 68

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. Many FinTechs are using these ML applications to accelerate their financing approval processes. They represent 99.9 percent of all businesses in the U.S.,

Fintech 177

Fintech Fraud Lending Regulation 177

Bank Innovation

MARCH 22, 2017

Regulation is still shaping banks’ strategic thinking, says a new study by The Economist Intelligence Unit. The unit surveyed 200 global banking executives to investigate the challenges retail banks face in the years to 2020. In North America regulation was the top concern.

Regulation 256

Regulation Fintech Regional America 256

PYMNTS

APRIL 5, 2020

The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms, and will aim to make financial matters more accessible and offer a better, cheaper tracking system. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

Bitcoin 144

Bitcoin blockchain social media Fintech 144

PYMNTS

MAY 30, 2018

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

Fintech 160

Fintech Regulation Compliance Innovation 160

PYMNTS

OCTOBER 28, 2020

This puts them at risk of losing customers to more agile FinTechs that lack these issues. The digital payments industry is seeing record profits, with a study expecting it to hit $120.7 These large investments by FIs in new technologies are mere drops in the bucket compared to FinTechs’ investments, however.

Payments 219

Payments Compliance Fintech Innovation 219

Bank Innovation

FEBRUARY 20, 2019

Can regularly checking your credit score actually help improve your results? We wanted to know the answer to that critical question, so Credit Sesame partnered with Megan Hunter Antill and Jessica Yu, Ph.D., candidates in Quantitative Marketing at Stanford Graduate School of Business, to find out.

Study 284

Study Analysis Marketing Operations 284

PYMNTS

NOVEMBER 27, 2019

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. A recent study on the region showed that almost 65 percent of entrepreneurs in the UAE think banking is their biggest challenge. However, that’s changing. New Venture.

Fintech 167

Fintech Regional Regulation ATM 167

PYMNTS

AUGUST 6, 2020

In August’s The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including record numbers of digital payment users in India, high demand for instant payments from corporates as well as consumers, and emerging competition from FinTechs and challenger banks. About The Tracker.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. It has more than 80 fintech partnerships including Coinbase, Upgrade, Affirm, Best Egg, Divvy, Rocket Loans and Stripe. Cross River is a household name in Banking-as-a-Service (BaaS).

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

NOVEMBER 27, 2018

“What we didn’t know until this study was the size of the credit market for small businesses. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though. “[FinTech firms] are still a drop in the buck, but they’re showing the way. .

Lending 159

Lending Fintech Capital Report 159

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

MARCH 17, 2020

The annual benchmarking study conducted by PYMNTS combines a survey of nearly 4,000 U.S. consumers with over 200 CU and FinTech executives. Our study shows that 42.1 percent of CU members would consider using challenger banks if they were operated by national banks, and 16.4 Competitive Threats. Challengers vs. CUs.

Innovation 159

Innovation Study Operations Examples 159

PYMNTS

JULY 22, 2020

A study from AppsFlyer and Google found that global ATM use had decreased by 50 percent since the beginning of the outbreak as social distancing and stay-at-home orders have increased customers’ reliance on mobile apps and online banking options rather than ATMs. Scotiabank On How COVID-19 Could Lead To Lasting Change In Banking Operations.

ATM 225

ATM Digital Banking Alabama Study 225

Chris Skinner

FEBRUARY 21, 2017

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. And then, GoCardless in 2011, we founded it, myself and my two co-founders, Matt and Hiroki, and I was there for almost three years, and that was my first experience with FinTech. I think the word FinTech wasn’t yet around.

Study 283

Study Training Fintech Digital Banking 283

Chris Skinner

MAY 30, 2017

Here is how he saw things … Fintech in Rwanda: the place where Telcos are surpassing Banks in the financial sector Telcos dominate in the financial sector of Rwanda Last week I participated in the leading fintech conference in Africa “Dot Finance”, which took place in Kigali, capital of Rwanda.

Mobile 334

Mobile ATM Fintech Conference 334

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

APRIL 27, 2016

And that infrastructure need not necessarily be owned entirely by the firm in question, added Ward, but must be used in sync with the right partners operating in the areas marked for expansion. And with the disruption that has come with FinTech, said Ward, the fact remains that “regulators are playing catch-up” with an eye on transparency.

Study 100

Study Payments America Regulation 100

Chris Skinner

MAY 31, 2017

I saw a really interesting presentation in Kigali at the Dot Finance Africa FinTech Summit from Yasaman Hadjibashi, Chief Creation Officer with Barclays Africa (soon to be something else). These mobile network operators (MNOs) will upscale over time to offer full bank services. billion today to 2.4 billion today to 2.4

Case Study 344

Case Study Mobile Study New York 344

PYMNTS

SEPTEMBER 27, 2019

Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs. The study examines over 200 data points and is based on responses from 2,141 consumers who either took and paid for a luxury vacation within the past year or who plan to do so within the next year. New research outlines how consumers have participated in the $1.1

Fraud 116

Fraud Fintech District of Columbia Payments 116

PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. The financial terms of the agreement were not disclosed.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. Banks must confront numerous fraud threats when they operate digitally, and some of the most pervasive are forms of identity fraud.

Security 213

Security Innovation Fraud Study 213

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

NOVEMBER 12, 2020

Such frictions could push more financial institutions (FIs) and FinTechs to leverage Banking-as-a-Service (BaaS) solutions that can help them adapt their service models and enable quicker, lower-cost, digital cross-border payments. percent charged by money transfer operations and mobile operators, respectively. percent and 2.83

Tools 132

Tools Mobile Study Examples 132

PYMNTS

FEBRUARY 28, 2020

The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Developments From Around The World Of Digital-first Banking.

ATM 159

ATM Study Analytics Meeting 159

PYMNTS

JANUARY 22, 2020

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit , a software development startup based in Ethiopia, as reported on Wednesday (Jan. incorporated but operates in Addis Ababa – to support that expansion into East Africa and Latin America,” the article indicated.

Software 130

Software San Francisco America Study 130

PYMNTS

JANUARY 28, 2020

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million.

ATM 151

ATM Fraud Study Regional 151

Abrigo

FEBRUARY 23, 2022

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Knowing Your Customer. According to a J.D

How To 195

How To Lending Software Survey 195