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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Tyfone Connects FIs To Payrailz.

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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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Warehouse Robots, AltFin And Cybersecurity Top B2B Funding

PYMNTS

PYMNTS breaks down the latest B2B startups to secure funding rounds below. Another alternative lender, CredAble, secured funding this week to the tune of $14.8 Another India alternative lending startup, AYE Finance, raised $21.5 that topped the week with a $60 million investment. Exotic Solutions. AYE Finance.

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Gonzo Notes from Money20/20

Gonzobanker

Samsung Pay was launched in the United States after piloting in South Korea. Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies.

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26 Unicorn Companies That Exited In 2018

CB Insights

Select Investors: Cathay Innovation, Gaorong Capital, IDG Capital, Lightspeed China Partners, New Horizon Capital, Sequoia Capital China, Tencent Holdings. Select Investors: Accel, Bain Capital Ventures, Bessemer Venture Partners, Dell Technologies Capital, Deutsche Telekom Capital Partners, Google Ventures, Samsung Ventures.

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Looking back on Money 20/20

Celent Banking

Mobile payments market in the US is only getting more complex, with Apple Pay, Android Pay and Samsung Pay already there, more “Pays” on the way (e.g. According the panelists, tokenisation is the much-needed “abstraction layer” that will be a “foundation for the next 20 years of innovation.”

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