PYMNTS

FEBRUARY 20, 2018

19) that they had inked a deal to collaborate and support FinTech initiatives called the Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement). According to a press release , the two organizations will support each other’s efforts via the FinTech initiatives LabCFTC and FCA Innovate.

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Fintech Regulation Innovation Financial Technology 115

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

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PYMNTS

JUNE 22, 2020

Ant Financial Services Group has won a green light from Chinese regulators to drop the word “financial” from its name, so it’s goodbye to Ant Financial Services Group and hello to Ant Technology, The Wall Street Journal reports. As 2018 gave way to 2019, the fund – Tianhong Yu’e Bao – had ballooned to more than $168 billion.

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Regulation Groups Fintech Technology 181

PYMNTS

JULY 19, 2016

Bloomberg reports that the biggest bank in Spain is, in effect, doubling down on its investments in FinTech. As has been the norm for many investment funds, InnoVentures takes minority investments as a conduit of leveraging startup technology into its banking platforms at large.

Fintech 100

Fintech California blockchain Software 100

PYMNTS

MARCH 14, 2016

That means the region is becoming a sweet spot for FinTech investment. billion, as measured across payment companies, Internet insurers and peer-to-peer players, and the most recent tally grew by 60 percent over 2014, Reuters reported. As a region, Asia has seen $4.5 The global investment activity in the space stood at $19.1

Fintech 100

Fintech Regional National Mobile 100

PYMNTS

FEBRUARY 13, 2020

Assembly Payments shares our vision, and we are pleased to partner them based on the strength of their core technology and talented team,” said Alex Manson, head of SC Ventures — the innovation, FinTech investment and ventures arm of Standard Chartered. We identified payments as an area where we wanted to make a strategic investment.

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Payments Fintech Tools Management 197

PYMNTS

MARCH 26, 2018

But the most recent research suggests entrepreneurs are also clear about what is helping them grow, and what they are looking for in terms of technology, professional support and beyond. The report highlights mainland China SMBs’ use of technology to grow, with 78 percent of Chinese entrepreneurs expecting their firms to grow this year.

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Survey Regional Capital Data 193

PYMNTS

JANUARY 30, 2017

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report , Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. Nyca Partners isn’t the only one eyeing the FinTech market.

Fintech 100

Fintech Capital Lending Innovation 100

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.

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Fintech Regional Resources blockchain 104

PYMNTS

JANUARY 18, 2018

Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings. technology vendors simply aren’t offering the necessary technologies or implementing these in a seamless, non-disruptive way,” the executive said at the time. Reports in Business Standard on Wednesday (Jan.

Fintech 109

Fintech Analytics National Report 109

Chris Skinner

JUNE 16, 2017

Ethereum raised money with an ICO in 2014. Unlike an initial public offering (IPO), acquisition of the tokens does not grant ownership in the company developing the new cryptocurrency. And unlike an IPO, there is little or no government regulation of an ICO. “The first ICO was for Mastercoin in 2013. ICOs are now extremely popular.

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cryptocurrency Bitcoin Community Regulation 408

PYMNTS

JULY 31, 2018

Coverage includes Accenture ’s FinTech Innovation Lab Asia-Pacific. Europe’s Billon has signed a letter of intent with financial technology provider FIS to explore joint product development and sales opportunities for its corporate blockchain solutions. “FIS Welcome to The Axis, your late look at payments news from around the world.

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Fintech blockchain Innovation Conference 100

PYMNTS

OCTOBER 16, 2017

That’s why South African FinTech company Yoco has made it its mission to improve things for African businesses, large and small. Yoco has launched two levels of payments solutions since its inception and beta phase in 2014 and subsequent launch in 2015, starting with a Square-like card reader.

Fintech 139

Fintech San Francisco Cards Payments 139

Banking 4 Tomorrow

DECEMBER 24, 2014

2014 was the biggest year in FinTech by far with billions being invested globally, which is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech.

Customer Experience 106

Customer Experience Google Fintech Innovation 106

PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”. 12) announcement.

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Fintech Innovation cryptocurrency blockchain 163

PYMNTS

AUGUST 16, 2019

These transactions reached $144 billion in value in 2014 and could hit $240 billion by 2024. Khun Sarintorn, VP of international remittance business solutions for Thailand-based Kasikornbank (KBank), explained how the bank’s collaborations with FinTechs are helping to make overseas transfers more transparent and efficient.

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Payments System Fintech Innovation 204

PYMNTS

SEPTEMBER 30, 2016

Banking and finance are key industries within Switzerland, and the country’s reputation for a competitive economy may make it the perfect breeding ground for FinTech greatness. In 2014, Swiss startups attracted 450 million francs (approximately $466 million) of venture capital. There are approximately 190 startups in Switzerland.

Fintech 100

Fintech Innovation National Capital 100

PYMNTS

APRIL 12, 2019

It was a good day for Jumia Technologies on Friday (April 12) — and that’s a good signal about the future prospects of eCommerce in Africa, home to some 1.3 The platform is in markets such as Kenya, South Africa and Malawi, while local FinTech options like M-Pesa and Paga will be included in the service’s payment methods.

New York 209

New York Mobile Course Payments 209

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. trillion in 2014 to $2.3 But some banks are competing with the FinTechs. trillion in 2019.

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Regulation Fintech blockchain Mobile 100

PYMNTS

JUNE 15, 2016

One emerging player in the Australian FinTech market has just secured another round of capital. PromisePay is a FinTech startup that was founded in 2014 with the mission of delivering new digital commerce platforms to online marketplaces — a specific area of commerce that has higher risk than traditional online commerce.

Fintech 100

Fintech Online Capital Fraud 100

PYMNTS

OCTOBER 23, 2018

Visa, the payments company, announced Tuesday (October 23) a strategic minority investment in Conductor, a digital payments processing technology platform in Brazil. In a press release , Visa said the investment will go to help Conductor expand its products and to accelerate innovation in payments.

Company 128

Company Payments America Regional 128

PYMNTS

OCTOBER 16, 2020

We want to make sure that everybody has an ability to participate in the modern economy and that everybody has an ability to leverage the technology that's available, the services that are available and have a better life,” Jess Turner , executive vice president for North America Products and Innovation, told PYMNTS in an interview Thursday (Oct.

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America Innovation Customer Experience Industry 291

PYMNTS

OCTOBER 8, 2020

The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct. Marqeta , the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard.

Cards 164

Cards California Regional America 164

PYMNTS

JULY 4, 2016

s Technology ‘Hotbed’ Picks Up Steam. In 2014 alone, British technology companies received over $795 million in investments from U.S. When people think Israel and technology, cybersecurity is often the first thing that comes to mind. and London (aka Brexit’s Ground Zero) in particular.

Innovation 104

Innovation Fintech National Capital 104

PYMNTS

SEPTEMBER 16, 2016

Nearly $120 million has been invested in approximately 300 startups based in Guadalajara since 2014. Mexico’s longstanding business culture resulted in the government investing $658 million to an estimated 620,000 entrepreneurs back in 2014. It’s projected that Mexico will represent the world’s fifth-largest economy by 2050.

Fintech 100

Fintech Capital Mobile Millennials 100

PYMNTS

JULY 24, 2020

Most recently, it resulted in a partnership with B2B cross-border payments solution provider Thunes , which enables UNFCU to implement the FinTech’s technology to streamline and accelerate cross-border payments by connecting FIs with mobile wallets. in markets like Kenya, mobile payments are the norm. As the U.S. As the U.S.

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

JANUARY 14, 2020

The drafting of rules comes at a time when data privacy is being discussed and artificial intelligence (AI) and online banking technologies have revamped China’s financial services terrain “from processing payments to selling investment products.”. Global financial institutions are not profitable in China, and many have yet to break even.

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Online Digital Banking blockchain Fintech 145

PYMNTS

JULY 19, 2019

self-driving company Cruise , $20 million in Mexico’s FinTech startup Clip and $1.1 SoftBank was originally founded in 1981 to publish computer and technology magazines , among other endeavors. Established in 2000, SoftBank has made a number of notable investments worldwide, including $1 billion in Germany’s Wirecard , $2.5

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Capital National Report Groups 153

PYMNTS

JULY 8, 2016

The city’s GDP per capita was $70,760 in 2014, making it one of the top 10 riches cities in the world and one of the most economically powerful cities in Europe. The digital technology sector accounts for roughly 5.5 The image recognition startup develops technology for mobile devices that allow them to be turned into smart sensors.

Fintech 121

Fintech Capital Conference Regional 121

PYMNTS

MARCH 2, 2020

Cloud-native London FinTech startup Thought Machine has raised $83 million in a Series B funding round led by Draper Esprit, with participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair, Thought Machine announced on Monday (March 2).

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blockchain Groups Google America 141

PYMNTS

JANUARY 25, 2021

Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. 25) announcement.

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Tools Miami Management Resources 154

PYMNTS

DECEMBER 5, 2019

It is also contemplating the purchase of other FinTech firms, the source said. Numerous consumer FinTechs have started offering bank accounts in the past year. Britt co-founded Chime in 2014 with Ryan King, who serves as chief technology officer. Chime’s account base is 6.5 million, up from 1 million last year.

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Digital Banking Chicago Google Fintech 144

PYMNTS

JUNE 9, 2020

Nium , a financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s FinTech Fast Track program. Nium said its technology and business relationship with Visa can “streamline and simplify” the issuing of credit cards and their use by digital wallets.

Cards 134

Cards Financial Technology System Management 134

PYMNTS

AUGUST 12, 2016

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we check out a small country with a huge potential to emerge as one of Europe’s premier FinTech spaces. The country’s GDP was approximately $880 billion in 2014. Before we jump into the post, here are a few quick facts about the Netherlands and its tech scene: .

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Fintech Bitcoin blockchain Policies 100

Celent Banking

OCTOBER 6, 2014

I will be moderating a panel on Digital transformation in financial services next October 16th, 2014 at Next Bank Americas. You will more likely encounter traditional players like banks, consultancies and technology vendors sharing the stage with alternative players like startups, digital ecosystems and players from other industries.

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Conference America Innovation Industry 176

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. As of 2014, the mobile phone penetration rate in Singapore was 148 percent. Singapore’s GDP was roughly $407 billion in 2015. With an estimated population of just 5.47 A Knack For Mobile.

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National Training Bitcoin Samsung 133

PYMNTS

SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. 24) it raised $215 million in Series C venture funding. The investment and its associated valuation put the company's total value in excess of $1.2 billion, according to a company blog post.

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Atlanta Leadership Financial Technology Capital 140