INDUSTRY INSIGHTS YOUR PEERS ARE READING
The Federal Trade Commission ( FTC ) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups. Facebook closed groups Complaint data FTC groups Health News privacy social media MORE
Every group of friends has a social director, Fevo CEO Ari Daie told Karen Webster in this week’s Matchmakers conversation – that one person who organizes the cats and gets a group of otherwise passive adults organized for a game, concert or weekend trip. They have to organize the group, figure out when everyone is free, what they want to pay for tickets and then how to purchase that block of tickets for the group. [link]. MORE
Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Regulation assets Banks CFPB Consumer abuse credit unions News regulations trade groups What's Hot MORE
Facebook announced that it is testing out subscriptions with a small number of groups to support group admins who lead the communities. Group admins build safe and supportive communities that people come back to every day,” wrote Alex Deve, Product Director, Groups, at Facebook. “We The groups will then share input and feedback with the social media giant. With this new subscription service, reports say that the group admins will be allowed charge $4.99 MORE
Booking a group trip on Airbnb just got easier: Users now have the ability to split payments with their fellow travelers. A recent poll from Airbnb found that 43 percent of users have lost $1,000 or more in repayments from group trips, 18 percent say they’ve lost $10,000 or more from not getting repaid after group trips and 29 percent have fought with a friend over group trip repayment. MORE
An emerging group of financial services firms led by UBS Group is looking to develop a crypto-based system to settle cross-border trades. Credit Suisse Group AG, Bank of New York Mellon Corp., Blockchain cross border trade cryptocurrency News UBS Group What's Hot MORE
A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology MORE
Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Delivery food delivery Group delivery News Postmates Postmates Party What's Hot MORE
Separately, Facebook said it is also rolling out Stories for Groups and Events , which will enable users to add posts that the rest of the group can view. Users will see Stories on their Event and Group pages, as well as at the top of their News Feeds, and will also be able to post while inside Events and Groups. Facebook’s Groups are focused on specific topics, such as hobbies, professions and locations. MORE
Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization. MORE
This is why on first glance Match Group’s recently released Ship seems like something of an oddity. The app encourages singles looking to mingle to construct a group — their romance braintrust if you will — of people who are allowed to swipe for them. MORE
The new company called Multichoice Group includes MultiChoice […]. The post Multichoice Group Spinoff and Listing appeared first on Bankelele. On February 27 Multichoice listed on the Johannesburg Stock Exchange, in a spinoff move by its parent company Naspers. MORE
Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access. MORE
Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. Cryptocurrency Exclusive Online Payments Bitcoin bitcoin futures CME Group cryptocurrency futures MORE
Another industry player, City of London Group, is slated to submit its U.K. “This has been another year of considerable progress for the City of London Group,” said Michael Goldstein, the firm’s chief executive. The U.K. MORE
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1. MORE
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. MORE
Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. EXCLUSIVE – Add one more to the mix. The move comes only days after U.S. banks including Bank of America, Citi, and JPMorgan Chase have done the same. MORE
The group said it will provide the subcommittee with analysis it conducted of the role that large technology conglomerates play in promoting the success of small businesses in the U.S. MORE
Indian budget hotel startup OYO, which is backed by companies like Airbnb, SoftBank and Didi, has acquired @Leisure Group from Axel Springer for around $415 million (€369.5 The @Leisure Group is a great partner, and we are excited to broad-base their offerings. MORE
Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data. MORE
SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. MORE
Equifax and Gwynn Group announced they are collaborating on an accounts receivable (AR) management solution that can support the entire collections life cycle. MORE
(The Paypers) Paysafe Group has partnered with PokerStars , the poker brand of The Stars Group, to roll out Paysafe’s Rapid Transfer payment solution in ten European countries MORE
Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. ” Regulation advocacy groups AFP financial transactions Modern Markets Initiative News tax What's Hot MORE
Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. Are you a tech enthusiast? A banking professional? A developer, or a blockchain champion? We want to meet you! MORE
The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations. MORE
It was announced today that Visa Europe Collab, part of Visa Inc, will be partnering with the world’s first publicly listed blockchain company, the BTL Group, in order to test out a proof of concept on running interbank settlements through blockchain. MORE
In an effort to further take on the group travel market, Domio is teaming up with Upper90 for a $50 million joint venture to exclusively fund up to 25 apartment-style hotels for group travelers. MORE
Access Group Education Lending, the student loan servicing company, has been the subject of a data breach. The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files. Access Group said it learned of the incident on March 28, and that the receiving vendor said they deleted the files and did not keep copies. Access Group told Associated Press that the exposure was limited and has ended. MORE
Ian Goodfellow is now a director of machine learning in Apple’s Special Projects Group, CNBC reported. Amid Apple ’s efforts to bolster its hardware and software with artificial intelligence (AI), an expert in the field has joined the tech company. MORE
Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Eika Group, a Norwegian banking alliance, is teaming up with EedenBull for a partnership to create payment programs, EedenBull said in an announcement. MORE
PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right. MORE
The group also noted that it expects digital currency exchange attacks to increase across the board – not just those by Lazarus. In addition, groups that typically attack banks may decide to target crypto exchanges because they realize those heists can be fruitful. MORE
Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. Investments Central Group Grab investments News ride-hailing Thailand What's Hot MORE
(The Paypers) Lloyds Banking Group has announced it will freeze customers’ credit cards if they have lost them at home or abroad MORE
Australian digital identity management technology firm Identitii is joining a group of the nation’s largest banks to boost efficiency of digitizing data exchange for its financial institution customers. MORE
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit. MORE
The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal , citing the Consumer Financial Protection Bureau, reported that the CFPB charged Security Group with making “improper in-person and telephonic collection attempts” and “physically preventing consumers from leaving their homes and visiting and calling consumers’ places of work.” MORE
To offer a new brand of medical devices to consumers, Arcadia Group is working with Amazon to sell products like glucose monitors and blood pressure cuffs under the Amazon-exclusive Choice name. Arcadia Group CEO Bob Guest told CNBC, “I approached Amazon last year as they began to expand their healthcare footprint. Arcadia Group has also created brands for other retailers, such as Walmart. MORE
Groups Related Topics PYMNTS
JUNE 3, 2019
An emerging group of financial services firms led by UBS Group is looking to develop a crypto-based system to settle cross-border trades. Credit Suisse Group AG, Bank of New York Mellon Corp., Blockchain cross border trade cryptocurrency News UBS Group What's Hot
PYMNTS
FEBRUARY 19, 2019
The Federal Trade Commission ( FTC ) has received a complaint against Facebook that alleges the social media giant wrongfully disclosed information on members of closed groups. Facebook closed groups Complaint data FTC groups Health News privacy social media
PYMNTS
JULY 16, 2019
Another industry player, City of London Group, is slated to submit its U.K. “This has been another year of considerable progress for the City of London Group,” said Michael Goldstein, the firm’s chief executive. The U.K.
PYMNTS
JUNE 27, 2019
Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.
PYMNTS
APRIL 5, 2019
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.
PYMNTS
APRIL 4, 2019
SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard.
PYMNTS
MARCH 6, 2019
Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. ” Regulation advocacy groups AFP financial transactions Modern Markets Initiative News tax What's Hot
PYMNTS
JUNE 21, 2018
Facebook announced that it is testing out subscriptions with a small number of groups to support group admins who lead the communities. Group admins build safe and supportive communities that people come back to every day,” wrote Alex Deve, Product Director, Groups, at Facebook. “We The groups will then share input and feedback with the social media giant. With this new subscription service, reports say that the group admins will be allowed charge $4.99
PYMNTS
MAY 1, 2019
Indian budget hotel startup OYO, which is backed by companies like Airbnb, SoftBank and Didi, has acquired @Leisure Group from Axel Springer for around $415 million (€369.5 The @Leisure Group is a great partner, and we are excited to broad-base their offerings.
PYMNTS
APRIL 5, 2019
The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.
PYMNTS
MARCH 26, 2019
The Federal Reserve Bank of New York has announced the creation of the Fintech Advisory Group to bridge the communication gap between the FinTech industry and consumer organizations, the organization said in a release. The group plans to hold its first meeting on April 1.
PYMNTS
MARCH 20, 2019
Equifax and Gwynn Group announced they are collaborating on an accounts receivable (AR) management solution that can support the entire collections life cycle.
PYMNTS
NOVEMBER 29, 2017
Booking a group trip on Airbnb just got easier: Users now have the ability to split payments with their fellow travelers. A recent poll from Airbnb found that 43 percent of users have lost $1,000 or more in repayments from group trips, 18 percent say they’ve lost $10,000 or more from not getting repaid after group trips and 29 percent have fought with a friend over group trip repayment.
PYMNTS
NOVEMBER 29, 2017
Every group of friends has a social director, Fevo CEO Ari Daie told Karen Webster in this week’s Matchmakers conversation – that one person who organizes the cats and gets a group of otherwise passive adults organized for a game, concert or weekend trip. They have to organize the group, figure out when everyone is free, what they want to pay for tickets and then how to purchase that block of tickets for the group. [link].
Bank Innovation
AUGUST 23, 2017
A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology
PYMNTS
MARCH 29, 2019
This is why on first glance Match Group’s recently released Ship seems like something of an oddity. The app encourages singles looking to mingle to construct a group — their romance braintrust if you will — of people who are allowed to swipe for them.
The Paypers
JULY 16, 2019
(The Paypers) Paysafe Group has partnered with PokerStars , the poker brand of The Stars Group, to roll out Paysafe’s Rapid Transfer payment solution in ten European countries
PYMNTS
APRIL 5, 2019
Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Eika Group, a Norwegian banking alliance, is teaming up with EedenBull for a partnership to create payment programs, EedenBull said in an announcement.
PYMNTS
MARCH 18, 2019
City of London Group (COLG) announced that it has raised £15.2 B2B Payments B2B banking City of London Group FinServ funding News Recognise Bank Shares SMB What's Hot In B2B
PYMNTS
MAY 8, 2019
Credit union (CU) and bank trade groups are locked in another battle, this time arguing about oversight by the Consumer Financial Protection Bureau (CFPB). Regulation assets Banks CFPB Consumer abuse credit unions News regulations trade groups What's Hot
Bank Innovation
JULY 11, 2018
Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.
PYMNTS
JANUARY 24, 2019
Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data.
PYMNTS
FEBRUARY 26, 2019
PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right.
PYMNTS
NOVEMBER 14, 2017
Separately, Facebook said it is also rolling out Stories for Groups and Events , which will enable users to add posts that the rest of the group can view. Users will see Stories on their Event and Group pages, as well as at the top of their News Feeds, and will also be able to post while inside Events and Groups. Facebook’s Groups are focused on specific topics, such as hobbies, professions and locations.
PYMNTS
JANUARY 31, 2019
Central Group, Thailand’s largest retailer, confirmed Thursday (January 31) that it is investing $200 million in a unit of Grab, the Southeast Asia ride-hailing startup. Investments Central Group Grab investments News ride-hailing Thailand What's Hot
Bank Innovation
OCTOBER 31, 2017
Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. Cryptocurrency Exclusive Online Payments Bitcoin bitcoin futures CME Group cryptocurrency futures
PYMNTS
JANUARY 18, 2019
Lloyds Banking Group, which includes Bank of Scotland, Halifax and Lloyds, has suffered a faster payments glitch that affects customers’ ability to get money, according to reports.
PYMNTS
OCTOBER 19, 2018
The group also noted that it expects digital currency exchange attacks to increase across the board – not just those by Lazarus. In addition, groups that typically attack banks may decide to target crypto exchanges because they realize those heists can be fruitful.
Bankelele
FEBRUARY 28, 2019
The new company called Multichoice Group includes MultiChoice […]. The post Multichoice Group Spinoff and Listing appeared first on Bankelele. On February 27 Multichoice listed on the Johannesburg Stock Exchange, in a spinoff move by its parent company Naspers.
PYMNTS
JUNE 13, 2019
The group said it will provide the subcommittee with analysis it conducted of the role that large technology conglomerates play in promoting the success of small businesses in the U.S.
Bank Innovation
SEPTEMBER 1, 2016
It was announced today that Visa Europe Collab, part of Visa Inc, will be partnering with the world’s first publicly listed blockchain company, the BTL Group, in order to test out a proof of concept on running interbank settlements through blockchain.
Bank Innovation
FEBRUARY 5, 2018
Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. EXCLUSIVE – Add one more to the mix. The move comes only days after U.S. banks including Bank of America, Citi, and JPMorgan Chase have done the same.
The Paypers
JULY 16, 2019
(The Paypers) Lloyds Banking Group has announced it will freeze customers’ credit cards if they have lost them at home or abroad
Bank Innovation
JUNE 1, 2017
Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. Are you a tech enthusiast? A banking professional? A developer, or a blockchain champion? We want to meet you!
PYMNTS
JUNE 14, 2018
The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal , citing the Consumer Financial Protection Bureau, reported that the CFPB charged Security Group with making “improper in-person and telephonic collection attempts” and “physically preventing consumers from leaving their homes and visiting and calling consumers’ places of work.”
PYMNTS
APRIL 5, 2019
Ian Goodfellow is now a director of machine learning in Apple’s Special Projects Group, CNBC reported. Amid Apple ’s efforts to bolster its hardware and software with artificial intelligence (AI), an expert in the field has joined the tech company.
PYMNTS
JUNE 23, 2017
Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization.
PYMNTS
OCTOBER 31, 2018
In an effort to further take on the group travel market, Domio is teaming up with Upper90 for a $50 million joint venture to exclusively fund up to 25 apartment-style hotels for group travelers.
PYMNTS
OCTOBER 26, 2018
To offer a new brand of medical devices to consumers, Arcadia Group is working with Amazon to sell products like glucose monitors and blood pressure cuffs under the Amazon-exclusive Choice name. Arcadia Group CEO Bob Guest told CNBC, “I approached Amazon last year as they began to expand their healthcare footprint. Arcadia Group has also created brands for other retailers, such as Walmart.
PYMNTS
APRIL 30, 2018
Access Group Education Lending, the student loan servicing company, has been the subject of a data breach. The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files. Access Group said it learned of the incident on March 28, and that the receiving vendor said they deleted the files and did not keep copies. Access Group told Associated Press that the exposure was limited and has ended.
The Paypers
JUNE 17, 2019
(The Paypers) France-based Finexkap Group has announced a new EUR 39 million fundraising
PYMNTS
OCTOBER 19, 2018
Citi , HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct.
PYMNTS
FEBRUARY 28, 2019
Australian digital identity management technology firm Identitii is joining a group of the nation’s largest banks to boost efficiency of digitizing data exchange for its financial institution customers.
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