Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

NOVEMBER 12, 2020

In 2014, then-CFO John Shrewsberry told investors at a conference that the bank was looking to add to its private-label credit card business. Bloomberg said the bank had been gauging interest in its $607 billion asset manager unit and $10 billion student loan portfolio. Others are operating in a less constrained way.”.

Cards 285

Cards Conference Groups Report 285

Bank Innovation

APRIL 7, 2017

But while major FIs have the resources and tools in place for helping customers manage and monitor credit, smaller players often lack that crucial infrastructure. The company, acquired by Bankrate in 2014, rolled out its FI-facing app […]. Getting customers on track for financial health is a top priority for most banks.

Resources 207

Resources Tools Management Company 207

PYMNTS

JANUARY 10, 2017

India’s top eCommerce company Flipkart has gone and switched up its top management positions for the second time in the past year following a series of valuation write-downs across 2016. Kalyan Krishnamurthy, former managing director of Tiger Global, was reportedly named the new CEO of Flipkart after joining the company this past June.

Management 100

Management Industry Groups Report 100

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

SEPTEMBER 22, 2020

The 9to5Mac site reported while there are more often issues with Apple’s iCloud services, Tuesday’s troubles impacted more services than normal including Apple School Manager and Apple Business Manager. At press time, all Apple’s services have been restored, 9to5 reported.

Apple 216

Apple Report Seattle California 216

PYMNTS

JULY 5, 2017

Ride-hailing company Uber was recently dealt a difficult blow: A European Union (EU) court adviser paved the way for France to charge local Uber managers with running an illegal taxi service. The most recent case referred to the EU by a French court dealt with a 2014 French law making it a crime to organize illegal taxi services.

Management 109

Management Exercises Operations Software 109

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” 10, 2014 effective date. Assess risk management structures. Update the scope and frequency of risk management reporting.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

PYMNTS

FEBRUARY 21, 2020

A taxicab medallion is a numbered plate required to operate a yellow cab. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000. Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans.

Fraud 223

Fraud New York City New York Taxes 223

Abrigo

OCTOBER 29, 2014

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes.

Rhode Island 236

Rhode Island District of Columbia New Jersey West Virginia 236

PYMNTS

SEPTEMBER 16, 2019

Mukul Sachan, the co-founder and chief operating officer (COO) of India-based alternative small business lender Lendingkart, is stepping down from the post. 13) that Sachan confirmed plans to leave the company he helped found, and will go on to focus on investment management. YourStory reports said Friday (Sept.

US 148

US Operations Report Management 148

PYMNTS

JULY 6, 2020

Jakarta-based Payfazz operates through agents — the company’s network consisted of more than a quarter million — who process payments to pay utility bills, buy telephone time and add to mobile wallets, Tech in Asia reported. About 93 percent of U.S. residents in the same age group have bank accounts.

Capital 211

Capital Groups Report Mobile 211

PYMNTS

AUGUST 29, 2018

If there is a lesson for American businesses to learn from Brexit, it’s this: if a business has operations overseas, it needs to be attuned to the ebbs and flows of the FX market — or risk losing profits. voted “yes.”. market were performed by automated systems rather than human traders.

Management 100

Management Risk Management Marketing System 100

PYMNTS

DECEMBER 11, 2020

Sheryl Sandberg, chief operations officer of Facebook, is pushing back against two antitrust lawsuits filed against the social media giant, CNBC reported on Friday (Dec. The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014.

social media 205

social media Digital Banking Groups Innovation 205

Bobsguide

MARCH 14, 2022

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

Capital 78

Capital Operations Fintech Software 78

PYMNTS

MARCH 14, 2018

challenger bank Tandem has acquired Pariti, a money management app that has collected 95,000 users. When the deal is finalized, we’ll operate the whole business under the Tandem brand.”. Founded in 2014 by Ford, London-based Pariti is a mobile app that has access to your existing bank accounts. banking market.

Management 100

Management Lending Fintech Data 100

PYMNTS

DECEMBER 4, 2020

Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman will join ShipMonk’s board. Fulfillment and inventory management technology has quickly become a critical component to ensure seamless delivery.".

Boston 167

Boston Branding US Online 167

PYMNTS

OCTOBER 16, 2020

That’s why Mastercard and Stride , which operates a portable-benefits platform for gig workers, are joining forces to make it easier for independent contractors to shop for, select, enroll in and pay for healthcare coverage. Stride launched the world’s first “portable benefits platform” in 2014 — a product that has since helped more than 1.5

America 291

America Innovation Customer Experience Industry 291

PYMNTS

APRIL 15, 2019

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. And KPMG said it “reacted and drew attention to, among other things, procedural failures in connection with the area of money laundering, both to the management and the board.

Report 175

Report Regulation Management Operations 175

PYMNTS

JANUARY 12, 2020

The firm’s main operations were hampered by trouble handling everyday challenges such as supervising workers’ wages and creating a fresh channel for financial advisers. “We Mark McAllister, a 2014-19 project manager, said the bank struggled with organized reporting, whereas regulators had expectations regarding meticulous records.

System 147

System Regulation Resources Meeting 147

Abrigo

MARCH 2, 2015

percent of banks reported stronger demand for auto loans in Q4 of 2014, up from 18.8 Credit union auto loan portfolios reached $225 billion as of the end of Q3 2014, according to Sageworks Bank Information. These changes were first reported in the OCC’s Semiannual Risk Perspective for Fall 2014. FRED reports that 25.4

Risk Management 150

Risk Management Tools Conference Management 150

PYMNTS

AUGUST 14, 2017

FireEye said in July it discovered spear phishing emails that were designed to get hotel employees to download a hotel reservation document that was infected and would install GAMEFISH malware remotely from the internet via a website that is known to be operated by APT 28. Benjamin Read, manager of cyber espionage analysis for U.S.-based

Report 167

Report Maine Security Analysis 167

PYMNTS

JUNE 12, 2018

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. In its starkest definition, the efficiency ratio is operating expenses divided by revenues. A lower ratio means the bank is operating with better cost control. percent through 2014.

Operations 122

Operations America Conference Course 122

Abrigo

JANUARY 6, 2017

The thing about databases is they’re siloed and they’re generally centralized, and they’re owned and managed by someone who has unilateral editorial rights. Asgeirsson noted that cloud computing has helped turn client accounting services into a high-margin, high-growth line of business for many firms.

Trends 218

Trends blockchain Taxes Survey 218

PYMNTS

MARCH 25, 2020

“Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139

Fintech Operations Innovation Company 139

PYMNTS

NOVEMBER 5, 2018

It marked the third time that Ant had a quarterly loss since its unit’s result was disclosed by Alibaba in the early part of 2014. Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China. Alibaba blamed the loss on increased investments to capture growth. It posted 9.18

Taxes 134

Taxes Operations Lending Marketing 134

PYMNTS

NOVEMBER 7, 2018

And while those numbers aren’t likely to keep Amazon or H&M up at night, for a small Cuban eCommerce startup operating out of nation where internet access is patchy and from which the company can’t ship goods directly to U.S. Frenzy manages printing, packing and shipping. eCommerce operation. We’re super-happy.

Marketing 198

Marketing US United States South Carolina 198

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Bancorp said it had made “significant investments since 2014 to improve and strengthen its AML and BSA controls, including a new AML and BSA leadership team as well as improved and enhanced processes and systems.”.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

MARCH 6, 2020

Walmart is apparently working hard at restructuring itself to win, particularly in regards to how it manages it growing its eCommerce business — operationally and logistically. In 2014, Amazon’s U.S. In 2014 Walmart controlled roughly 9.1 That is the same market share it has held since 2014. percent in 2014 to 1.9

Retail 192

Retail Seattle Marketing Data 192

PYMNTS

MAY 29, 2018

At the time, an NSO spokesman said that NSO doesn’t operate its systems and requires customers to use them lawfully “for the prevention and investigation of crimes.”. Francisco Partners acquired NSO for $110 million in 2014.

Groups 164

Groups System San Francisco Software 164

PYMNTS

OCTOBER 7, 2016

We are well-funded for our operations and future growth,” said Symphony spokeswoman Samantha Singh in the report. The round in 2015 valued the company at $650 million, the paper reported. “We

Analytics 147

Analytics Google Report Regulation 147

PYMNTS

SEPTEMBER 30, 2019

As Fortune reported, the company has returned $100 million to the investors, who, thus far, have ponied up a minimum of $50,000 to invest in $3 billion of real estate assets since 2014. The move to digital speeds information and, thus, management of the most tangible products of literal bricks and mortar.

Management 156

Management Atlanta Chicago Technology 156

PYMNTS

JUNE 4, 2020

Bank of America estimated that Amazon has poured roughly $39 billion into delivery services and technologies since 2014, according to Digital Commerce 360. In addition to the FedEx/Microsoft deal, FedEx CEO Frederick Smith said last month that the firm has been hiring about 4,000 workers a week for its ground operations.

America 160

America Training Analytics Course 160

PYMNTS

JANUARY 27, 2020

The same report found that the total cost of a data breach had risen 12 percent since 2014. Phishing attempts threaten many firms’ security operations, often tricking employees into revealing email addresses, login credentials, passwords or other sensitive details. million in 2019 — a 1.5 percent increase from 2018.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

JUNE 25, 2020

The firm had notched $100 million in funding in one year from notable investors, such as Coatue Management and Bessemer Venture Partners. ScaleFactor, which rolled out in 2014, provided software for the automation of back-office work, such as payroll and bookkeeping. .

Software 141

Software Data Cards Report 141

PYMNTS

MARCH 12, 2020

billion in revenue and cost $5 billion to operate. The United Kingdom’s postal retail operator has arranged with retail banks to enable customers to access their banking services. France’s postal operator, La Poste Group , established a bank in 2005 to provide banking services through its retail facilities.

Retail 169

Retail US Survey Examples 169

PYMNTS

MARCH 5, 2019

The wearable came out in 2014 before Apple Pay launched in the U.K, The company is merging the apps to stay competitive in an environment where users operate smartphones to check and maintain finances. and it has users “in the high tens of thousands,” Barclays said. Pingit has 3.6 which creates products that only exist on smartphones.

Apple 134

Apple Operations Payments Trends 134