Bank Innovation

MAY 15, 2019

Despite the importance bank executives place on innovation, a significant number believe their banks lack the technology to invest in disruptors. Greg Watson, the […].

Study 170

Study Compliance Software Innovation 170

The Paypers

JULY 13, 2021

The Romanian technology startups with the highest number of employees are in fintech (35.2%), automation (35.2%), and marketing (14.2%), according to a study initiated by the Romanian Tech Startups Association (ROTSA).

Study 74

Study Fintech Marketing Technology 74

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

Fintech 213

Fintech Los Angeles Lending Analytics 213

Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. Anyone who’s paid attention to the banking and fintech space in 2021 knows how hot embedded finance is. This is nonsense.

Trends 190

Trends Fintech social media Strategy 190

PYMNTS

APRIL 27, 2020

Card networks, processors and other major financial institutions (FIs) have worked to build up the technological infrastructure to support credit card transactions over the decades. Another key component of the report is case studies of four enterprises that are putting credit innovation to work in the real world. About The Report.

Cards 226

Cards Fintech United States Case Study 226

Gonzobanker

FEBRUARY 19, 2020

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. The annual What’s Going On In Banking study explores how senior executives from 300 U.S.-based

Strategy 123

Strategy Fintech Study Customer Experience 123

PYMNTS

JUNE 15, 2020

Studies have found that people from Finland, Luxembourg, Estonia and Australia all vastly outscore Americans when it comes to general financial literacy. FinTech Is A Tool, Not A Replacement For Knowledge. But Lusardi said technology is an excellent supplemental tool to layer over financial education — not a replacement for it.

Fintech 258

Fintech America Washington Tools 258

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. FIs around the globe are also grappling with faster.

Technology 142

Technology Fraud Data Security 142

Bank Innovation

SEPTEMBER 17, 2018

The advent of AI technology, with innumerable use cases for financial services, will also have a great impact on cost savings and output for companies. By 2030 the global growth rate for use of automation technology in companies, including fintech and financial services, will stand at 15%.

Study 186

Study Fintech Technology Company 186

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

Community Bank 99

Community Bank Community Fintech Leadership 99

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

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Liu pointed out that the online database of the aforementioned state licensing and FinTech guidance will go live later in 2019.

Regulation 147

Regulation Fintech Community Bank Community 147

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. banks) – has joined a $30 million investment round that brings funding to Finxact.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

JANUARY 13, 2021

Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and rightly so, because, in so many cases, the banks were disintermediated or relegated to become ‘dumb vaults’ for the FinTechs they partnered with. Consumerization Continues. “A

Fintech 130

Fintech Customer Experience Lending Risk Management 130

PYMNTS

MARCH 13, 2019

are not only facing competition from their traditional rivals, but from a host of specialist lenders, with new players including tech giants and nimble FinTechs. According to a release by the companies, TRADEDATA will offer data feeds selected by FinTech Sandbox to develop and test new financial products and services.

Study 155

Study Customer Experience Fintech Survey 155

Chris Skinner

APRIL 8, 2019

During the weekend I presented the trends on FinTech and Tech Fin, my two favourite subjects. I’ll update on that shortly but I was also involved in a study the organisers – The European House Ambrosetti, a leading economics think tank based in Italy – conducted before the conference.

Conference 368

Conference Study Trends Fintech 368

PYMNTS

AUGUST 20, 2020

The following Deep Dive explores how these issues are hindering SMB financing as well as how FinTechs are exploring technologies to overcome these issues and give SMBs the help they need to thrive while the world economy faces its biggest challenge in years. FinTechs that harness ML to process loan applications were approving 57.2

Fintech 177

Fintech Fraud Lending Regulation 177

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

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

Bank Innovation

DECEMBER 13, 2019

North American banks could save more than $70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc.

Study 284

Study Regional Groups Technology 284

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

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. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 79

Case Study Study Compliance Risk Management 79

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. What else changes with the rebranding to IBM FIRST Risk Case Studies? . About FIRST Risk Case Studies. Not yet a customer?

Case Study 70

Case Study Study Compliance Risk Management 70

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

MARCH 2, 2018

individuals than previously reported, corporate disbursements are still made through paper checks, small and medium-sized businesses (SMBs) have expressed optimism about accessing loans from the financial services sector and FinTech sees a rise in venture capital (VC)’s expected compound annual growth rate (CAGR). million | Number of U.S.

Data 101

Data Fintech Study Capital 101

PYMNTS

FEBRUARY 16, 2017

The Institute for Money, Technology & Financial Inclusion (IMTFI) at the University of California, Irvine announced Wednesday (Feb. According to UCI, the first report to come out of the center, which is slated for later this year, will look at the drivers of financial technology change, as well as consumer adoption.

Fintech 108

Fintech Financial Technology California Study 108

PYMNTS

OCTOBER 25, 2019

New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out in the 2020s. All of those factors combine to make FinTech a robust proposition in that country.

Fintech 111

Fintech Case Study Maine Innovation 111

PYMNTS

NOVEMBER 27, 2018

“What we didn’t know until this study was the size of the credit market for small businesses. According to Phelan, even so, FinTech firms are playing an important role in this market by lighting the way for banks to understand what they need to compete and improve their SMB finance offerings. ”

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

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Heck, we weren’t even three weeks into 2019 when Fiserv ’s $22 billion proposed First Data acquisition—one of the biggest fintech deals ever —was announced to the Street. Money talks. Payments: More Consolidation, Commerce Convergence.

Fintech 104

Fintech Analytics Lending Case Study 104

PYMNTS

OCTOBER 15, 2020

FIs of all sizes are developing new systems to supplant or replace correspondent banking models, with many partnering with FinTechs to do so. One study projects that cross-border B2B payments will top out at $27 trillion by the end of 2020, and that their value will not exceed the $35 trillion reached in 2019 until 2022.

Payments 228

Payments Report Study Security 228

PYMNTS

NOVEMBER 24, 2016

is already a hotbed of FinTech startups, but the government is getting behind it in a bigger way, committing to invest £500,000 a year into financial technology companies. government is also gearing up to launch a network of regional FinTech envoys as an effort to enhance the country’s status as a leader in FinTech.

Fintech 100

Fintech New York Financial Technology Regional 100

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

OCTOBER 19, 2020

GPS's technology helps brands by allowing them to provide customized experiences put squarely in the cardholders' hands, the release says, having previously supported FinTechs, digital banks, and eWallets on their various journeys. The study found that cash had been used only a fraction as much as it used to be.

Study 174

Study Innovation Fintech Customer Experience 174

The Financial Brand

DECEMBER 21, 2023

Here Are Three Case Studies appeared first on The Financial Brand. Here's how one bank, one credit union and one fintech made tech upgrades that improved employee and customer experience. Here Are Three Case Studies appeared first on The Financial Brand. This article Wondering Where to Invest in Banking Tech?

Case Study 20

Case Study Study Customer Experience Branding 20

PYMNTS

DECEMBER 28, 2020

According to the Bank for International Settlements (BIS), as of July, some 36 central banks published studies on the concept of a central bank digital currency (CBDC) also known as a digital fiat currency, the report stated. “In

National 356

National Study System Meeting 356