Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Fintech Lending Software Compliance 195

Chris Skinner

JULY 21, 2017

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

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Fintech System Apple Technology 361

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

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System Fintech Financial Technology Regulation 78

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

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Fintech Trends South Dakota Apple 474

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. For example, Jerry, an automotive app company, has a testing system that Spottiswood said saves hundreds of different questions with acceptable responses from the large language model (LLM).

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Las Vegas Fintech Conference San Francisco 156

PYMNTS

SEPTEMBER 23, 2020

Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. billion) annually on cybercrime prevention efforts, according to a recent study, with many of these investments devoted to cloud-based systems that harness data analytics. British banks spend upward of £6.7

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Technology Report Fraud Study 208

Insights on Business

DECEMBER 7, 2017

Two years ago I wrote an article on the 6 biggest trends in FinTech. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Artificial Intelligence and Machine Learning. Blockchain.

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Trends Technology Fintech blockchain 145

Bank Innovation

FEBRUARY 27, 2019

With the rise of large and nimble fintechs like PayPal and Stripe, banks have started evaluating their legacy core systems and, as a result, many have taken to core-overhauling in some form or another. This is a massive project," Ed Page, managing director at Protiviti, a technology consulting firm for FIs, told Bank Innovation.

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System Fintech Innovation Management 170

PYMNTS

JANUARY 30, 2019

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores.

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System Fintech United States Big Data 122

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.

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Bank Innovation

APRIL 29, 2019

BNY Mellon's three key financial technology executives added last month were given the directive to pursue investments and fintech partnerships in natural language processing, rule-based automation systems and robotic process automation (RPA), Bank Innovation has learned. The initiatives had previously not been disclosed.

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Technology Financial Technology Innovation Fintech 199

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. Transparent Systems. The company will deploy the funding to focus on product development, engineering and global expansion. ClearMetal.

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blockchain Fintech California System 247

PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. BizCapital. StreetShares.

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Fintech Lending Software Security 258

PYMNTS

APRIL 16, 2020

Madrid-based Santander, the world’s 16th-largest bank, is set to roll out PagoFX , a new FinTech spinout intended to compete with cross-border money transfer service provider TransferWise. Santander had been considering a FinTech payments platform but intended to launch using a blockchain technology developed by Ripple, creator of the U.S.

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Fintech blockchain cryptocurrency Marketing 247

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. Two sources forwarded internal notices about the outage.

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PYMNTS

SEPTEMBER 15, 2020

But Ondot Systems Vice President of Customer Success Balu Kikkeri told PYMNTS that evidence of that great digital shift is now visible not only anecdotally, but in the data as well. That’s where FinTechs can come in. However, Kikkeri said FIs should consider the robustness of potential FinTech partners’ offerings.

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PYMNTS

APRIL 8, 2020

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. Bottomline Technologies. Biz2Ctredit said “existing partners” have already signed on to use the solution in the coming weeks.

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Lending Fintech America Technology 245

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. Fifth Third Bank is acquiring healthcare fintech Provide.

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Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. billion (~30 times revenue) in stock was part of SoFi’s ambitious vision to become the “AWS of Fintech.” Enter Finxact.

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PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

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PYMNTS

NOVEMBER 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release.

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Bank Innovation

JANUARY 3, 2017

AI systems may be getting smarter with the ever-expanding flow of data, but are they also getting more ethical? When it comes to fintech, artificial intelligence has a seemingly endless range of possibilities to transform present systems, so long as the AI system that is applied is constructed with the correct values Read More.

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BankInovation

NOVEMBER 29, 2021

The Federal Deposit Insurance Commission (FDIC) recently made available the demos of its first FDITECH Sprint, a contest held in September that focused on reaching unbanked customers via fintech solutions.

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PYMNTS

OCTOBER 6, 2020

Singapore-based FinTech platform Nium is expanding into the Middle East, the company announced on Monday (Oct. FinTech across the Middle East is also set to grow at a compounded annual growth rate of 30 percent, and expected to raise over $2 billion in venture capital funding by 2020.".

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PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

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Technology Comparison Security Customer Experience 134

PYMNTS

MARCH 8, 2019

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. 10x Future Technologies. Betterworks.

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PYMNTS

OCTOBER 22, 2018

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. FICO revealed that it is in discussions with several lenders, including banks and financial-technology firms, that have expressed interest in using the new score in a pilot. Currently, a record 58.2 percent of U.S.

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System Analytics Financial Technology Fintech 237

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

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Technology Industry Innovation Big Data 190

PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The regulation is top of mind, especially for European Union companies, and FinTechs are stepping up to the plate to help their customers comply with its components from a product perspective.

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Fintech Compliance Data Regulation 200

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Fintech Customer Experience Conference Technology 167

PYMNTS

DECEMBER 17, 2019

Maintaining consumers’ trust is critical for FIs, and it involves more than simply upgrading fraud detection systems. The global advance of open banking initiatives means many consumers’ online platforms are connected to challenger banks and FinTechs that lack the funds necessary to provide robust fraud protection measures.

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PYMNTS

JANUARY 8, 2021

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. It's one thing for an organization to adopt FinTech solutions and platforms that can enable workflows to continue while professionals work from home.

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PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). The BoE’s Real-Time Gross Settlement (RTGS) system handles transactions worth about 500 billion pounds — almost one-third of Britain’s annual economic output. In addition, the U.K.

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System blockchain Payments Fintech 101

CFPB Monitor

NOVEMBER 7, 2022

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Financial Technology Technology Fintech Innovation 78

PYMNTS

NOVEMBER 20, 2020

For Andy Brown , CFO at education technology company Chegg , there was a plethora of opportunities to embrace by collaborating with third-party FinTech partners. For instance, Chegg already uses NetSuite's ERP system, and the company adopted additional functionality offered by NetSuite for a more seamless adoption process.

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BankInovation

JULY 7, 2022

Reliability in financial systems, and ergo financial products and apps, is essential to delivering the user experiences and reliability needed for commercial success. If we look at this underlying technology that is hidden away from the end user’s interactions, it’s a critical factor in enabling growth and gaining a competitive advantage.

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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. Latency Advantages.

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