PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets.

Fintech 144

Fintech Lending Regional Regulation 144

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

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

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

APRIL 5, 2020

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. It is also one of the four FinTech “unicorns” being cultivated by Ping An, which is a state-backed group.

Bitcoin 144

Bitcoin blockchain social media Fintech 144

PYMNTS

MARCH 13, 2017

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. sought external financing in 2016 , suggesting these firms simply aren’t interested in lending technologies or accessing, for instance, a loan from an alternative finance provider.

Financial Technology 127

Financial Technology Technology social media Taxes 127

Perficient

MAY 5, 2022

Two-plus years later, banks and credit unions continue to feel the pressure to transform their credit and lending operations. Featured categories list companies that provide technology lending solutions and related services to financial institutions and other tech buyers. And for good.

Lending 354

Lending Strategy Marketing Big Data 354

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

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

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

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

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

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

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

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. CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. Around The Credit Union World.

Innovation 155

Innovation St. Louis Fraud United States 155

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. Digital-first technologies are also being used for charitable purposes.

ATM 159

ATM Study Analytics Meeting 159

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

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.

How To 195

How To Lending Software Survey 195

Gonzobanker

FEBRUARY 4, 2019

In Cornerstone Advisors’ annual What’s Going On In Banking study, CEO optimism hit a five-year high in 2017 and, for the most part, stayed that way for 2018. Even CIOs who are optimistic about 2019 need to take precautions with their technology. Unfortunately, in hard times expensive technology lifecycle refreshes are often deferred.

Technology 79

Technology Survey Tennessee Strategy 79

Chris Skinner

MARCH 22, 2017

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.”

Company 350

Company Payments System Fintech 350

PYMNTS

DECEMBER 31, 2019

Manual AP processes can also be problematic for businesses that operate in multiple locations, as there can be confusion over which location is paying an invoice. More than 40 percent are interested in same-day ACH, and over 30 percent are interested in blockchain technology.

Innovation 153

Innovation Payments Survey blockchain 153

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. Banks looking to make the most out of these rare visits must use the latest technologies. Every customer interaction provides FIs with valuable information about their banking habits and financial lifestyles.

ATM 151

ATM Fraud Study Regional 151

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

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

Bobsguide

AUGUST 25, 2022

Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. It will gather data and study metaverse user behaviour.

US 88

US social media cryptocurrency Technology 88

South State Correspondent

MARCH 7, 2024

Microsoft’s Office 365 CoPilot, the integration of the Microsoft version of OpenAI’s Chat GPT into the Office suite, represents the fastest, and likely safest way, to integrate the latest technology within your bank. However, the technology is not without its risks. While some will fear it, many will crave it.

Training 195

Training Data Tools Technology 195

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

JUNE 3, 2020

The COVID-19 pandemic has ushered in immediate, large-scale operational changes for financial institutions (FIs) in the EU, U.K. Digital technologies that can be quickly developed and integrated into banks’ platforms, particularly those that enable faster payments, will therefore be critical. Online account openings have increased 14.5

Digital Banking 131

Digital Banking Mobile Tools Online 131

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

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

AUGUST 10, 2020

This is longer than the typical project timeline for smaller, more agile technology companies, meaning that banks risk losing customers if competitors can beat them to market with similar ideas. All banks polled in the study reported receiving revenue from transaction fees, but only 59 percent received subscription fee revenues.

Payments 222

Payments Innovation Study System 222

Chris Skinner

MARCH 23, 2017

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. There are 52 banking institutions which operate in Turkey.

Innovation 196

Innovation Cards Trends System 196

PYMNTS

JANUARY 3, 2017

Whether you believe the hype or not, blockchain technology is attracting massive investments, exploration and competition across the globe. In 2017, Wyre said, blockchain technology offers the opportunity to reduce both of those metrics. 8 new members joined Hyperledger Project , a blockchain consortium that operates across the globe.

blockchain 248

blockchain CA Case Study Tools 248

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Advanced analytics technologies could help FIs tackle such issues, however, by making it easier for FIs to detect potential red flags.

Fraud 231

Fraud Security Payments United States 231

South State Correspondent

AUGUST 22, 2022

Commodore’s demise is a case study of how NOT to care about your customers and why business intelligence through proper data architecture is critical. Commodore didn’t know about its customer and didn’t have enough feedback from operations to understand its margins were inadequate. Banks are on the verge of the same dilemma.

Data 195

Data Analysis Marketing System 195

PYMNTS

JANUARY 20, 2019

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. In other news, the Stock Exchange of Thailand (SET) has applied for a license to operate a digital assets exchange platform.

Bitcoin 178

Bitcoin Texas Washington ATM 178

Perficient

MAY 21, 2021

Technology Stack: Python, Flask, HTML, CSS, SQLAlchemy, Jinja2, PostgreSQL | APIs Used: Cloudinary Media Optimizer. Technology Stack: Flask, SQLAlchemy, Bootstrap, ForeignKeys, Jinja | APIs Used: Used data from “California regulations of possibly harmful products”, which was a CSV file.

Milwaukee 348

Milwaukee Software Course Detroit 348