Bank Innovation

SEPTEMBER 21, 2017

The four CSDs, which will start live operations on SWIFT T2S, marks the last four to move to the network since the migration plan first begun in June 2015. Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network.

Capital 225

Capital Security Operations Company 225

PYMNTS

JANUARY 28, 2020

The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers.

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Innovation St. Louis Fraud United States 155

Bank Innovation

MARCH 7, 2019

which will also serve as its entry into the country, Bank Innovation has learned. Founded in 2015, OakNorth is a digital-based SME […]. Fresh off a $400 million funding led by SoftBank, fintech lender OakNorth is close to establishing its first bank partnership in the U.S.,

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Fintech Innovation Operations Capital 186

Bank Innovation

APRIL 13, 2018

The bank, which was officially launched in 2015, currently has a German banking license, allowing it to operate in other […].

United States 210

United States Operations Capital Online 210

PYMNTS

JANUARY 11, 2021

Storonsky said Revolut wants to develop “many more innovative products” that will advance “innovation and competition” across the financial services sector. Revolut was granted a European Union banking license in Lithuania in December 2018 and has begun operations in central Europe. billion valuation.

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

PYMNTS

FEBRUARY 7, 2020

Warehouses, though still manually operated, are in need of more automation and robotics technology to accommodate the massive challenges and demands created by the prevalence of online platforms. Nike, through the new partnership, aims to introduce more robots to help speed up their operations.

blockchain 195

blockchain Operations Apple Online 195

PYMNTS

MAY 4, 2019

The realm of quick service restaurants (QSRs) is and actually always has been a pretty innovative space. The drive-thru window, for example, first met the market in 1947 when it was introduced to the world by Sheldon “Red” Chaney, operator of Red’s Giant Hamburg in Springfield, Missouri. The Rocky Mountain High Cheeseburger.

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Innovation Los Angeles New York City Course 134

PYMNTS

NOVEMBER 14, 2019

The latest example of the power of those digitally-enabled innovative efforts comes from online freight marketplace operator Convoy. Founded in 2015, Seattle-based Convoy is among the biggest operators of online marketplaces that match truckers with shippers needing to move cargo,” the report said. Rowe Price Associates.

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Bank Innovation

MARCH 13, 2017

2015 – with MCX as the “premier” launch partner. JPMorgan Chase will acquire Merchant Customer Exchange (MCX) payments tech – a network of the largest U.S. merchants, which ran a short-lived CurrentC pilot last year – the companies announced on Friday. The acquisition will help expand Chase Pay, which was launched in Oct.

Payments 259

Payments Company Operations Technology 259

Bank Innovation

AUGUST 12, 2016

Citi Fintech launched in the fall of 2015 to build the bank of the future, but it has yet to release a product. Now Citigroup‘s innovation unit has lost its CEO. USAA announced today that Citi Fintech CEO Heather Cox was joining the bank as chief technology and digital officer, a new Read More.

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Fintech Innovation Technology social media 150

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. million merchants, whereas in September of 2015 that number was only 392,000.

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Innovation Payments Apple United States 116

PYMNTS

DECEMBER 28, 2016

The once pure play eCommerce business will open 12 new physical locations next year, adding to the 18 existing Fabletics locations that began launching in the Fall of 2015. Less is more,” Dustin Netral, SVP of operations for Fabletics, said in a press release.

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PYMNTS

MAY 3, 2020

A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. The lawsuit by SC Innovations, Sidecar’s successor, has been allowed to go forward by Judge Joseph Spero in San Francisco. Uber had no comment on the allegations.

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San Francisco US Innovation Regulation 174

PYMNTS

DECEMBER 23, 2020

billion to fund Ripple’s operations and enrich Larsen and Garlinghouse.” Absent that registration, investors do not get the “material information that every year hundreds of other issuers include in such statements when soliciting public investment.” “It’s an attack on the entire crypto industry and American innovation.”

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

Bank Innovation

MARCH 15, 2019

Steele told Bank Innovation that the Swiss firm saw about 400% cloud deployment growth amongst its clients from 2015 to 2017, with the most significant growth occurring in Latin […].

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America Software Innovation Operations 150

PYMNTS

OCTOBER 8, 2019

Cotten didn’t file personal tax returns for 2014, 2015 or 2017 and his 2016 return didn’t report any income from Quadriga, and Robertson’s tax returns from 2015 and 2016 showed income of less than C$60,000 a year, while in 2017 there was income of less than C$5,000 — but none of it from Quadriga.

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Bitcoin Taxes Innovation cryptocurrency 181

Bank Innovation

FEBRUARY 16, 2017

billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More. Venture capital-backed fintech companies in the U.S. saw a drop in both deals and funding volume last year. Fintechs raised $5.5 billion across 422 deals, compared to $7.7

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Fintech Capital Company Operations 230

PYMNTS

NOVEMBER 27, 2020

According to Walmart’s Srini Venkatesan, executive VP at Walmart Global Tech, the acquisition gives Walmart access to a network of 540 official merchant partners, and more than 30,000 people have served as drivers or “Runners” since the service launched in 2015. All other services are operating normally. On Wednesday Nov.

social media 220

social media Operations Data New York 220

Bank Innovation

JULY 7, 2016

This year to date has seen $161 million invested so far, while 2015 saw a total of Read More. As the summer heats up, blockchain hype may (finally) be cooling down. 2016 will likely see less investment in bitcoin and blockchain technology, but that is true for many other areas, as well.

blockchain 210

blockchain Bitcoin Technology Operations 210

PYMNTS

MAY 7, 2020

He has served as president, chief operating officer and a Fiserv director since the company completed its acquisition of First Data last summer. billion initial public offering (IPO) in 2015, Fiserv said. billion initial public offering (IPO) in 2015, Fiserv said. Operating margin was 16.7 billion in Q1 with $1.4

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Leadership Data Operations Company 181

PYMNTS

AUGUST 18, 2019

The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Lacewell. “As

Bitcoin 165

Bitcoin New York United States Leadership 165

PYMNTS

OCTOBER 7, 2016

This investment round of $17 million enabled Financeit to fund the recently announced acquisition of TD Bank Group’s indirect home improvement financing assets, which included the purchase of more than 800 merchant dealer agreements and the transition of a number of former TD relationship managers and operational staff.

Capital 155

Capital Innovation America Mobile 155

PYMNTS

JANUARY 7, 2021

AppHarvest is working to build indoor farms, combining the conventional agriculture technique with innovative tech to grow affordable fruits and vegetables at scale, the release stated. billion in funding to accelerate manufacturing, product development and distribution into key national grocery, restaurant, and hospitality venues.”.

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Kentucky Operations National Company 159

PYMNTS

MARCH 25, 2019

The topic of conversation was the inevitable consolidation of the payments sector, as scale becomes critical to optimizing the payments experience and innovating new payments flows. I admit that I had high expectations of Amazon Restaurants when it was announced in 2015. Letting Amazon Pay the Check. Time flies.

Payments 198

Payments Innovation Branding Operations 198

PYMNTS

JANUARY 21, 2019

Alipay’s latest expansion — this time, to Luxembourg — shows not only the increasing reach of the China-based mobile payments ecosystem, but also stands as the latest example of companies in payments and FinTech gaining licenses to operate in Europe. There, PSD2 was designed to encourage FinTech and payments innovation. Monzo , a U.K.-based,

Trends 185

Trends Payments Fintech Mobile 185

Bank Innovation

APRIL 14, 2017

According to the investment bank Berkery Noyes, there were 870 financial technology and information industry M&A transactions from the beginning of 2015 through to the end of 2016. The value of those deals, however, has shrunk significantly. The […].

Fintech 210

Fintech Financial Technology Technology Industry 210

PYMNTS

JANUARY 15, 2019

Based in Manchester, AccessPay provides a digital platform for payments, cash management and treasury operations by integrating businesses’ back-end operations with their banks. Corporate payments have not seen the same level of innovation as consumer payments. ” Beringea, based in both the U.K. and U.S.,

Security 143

Security US Payments Big Data 143

PYMNTS

APRIL 6, 2018

We’re going to invest off our balance sheet into crypto-companies,” Coinbase President and Chief Operating Officer Asiff Hirji told CNBC. “We Or, in some cases, we may be comfortable investing in companies that are potentially competitive, because it’s in everyone’s interest to see the ecosystem innovate.”. The news comes as the U.S.

cryptocurrency 178

cryptocurrency blockchain Company Innovation 178

PYMNTS

SEPTEMBER 12, 2016

In 2015, Americans ate $7.7 And while people like yogurt — apparently, a lot — until very recently, it was not a product anyone really thought much about or tried to innovate. It was apparently the yogurt innovation the American public didn’t know it needed. As of 2015, about half of the yogurt sold in the U.S.

Innovation 100

Innovation New York United States Retail 100

PYMNTS

AUGUST 10, 2020

trillion rise from 2015. The following Deep Dive explores how each of these factors is driving FIs to embrace fresh, innovative payment solutions as well as the consequences they could face if they do not. Developing new programs and innovations can be a massive time sink for all businesses, especially banks.

Payments 222

Payments Innovation Study System 222

PYMNTS

MARCH 27, 2019

Mobvoi was previously valued at $300 million in a financing round that Google led in 2015. The startup has a partnership with Google through its Voice Assistant and Wear operating system. It will also help Shanghai become an international financial center, as well as a hub for technology innovation.”. It also comes as the U.S.

Google 152

Google Big Data Innovation Apple 152

PYMNTS

AUGUST 14, 2017

In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. It’s an inspiring story — and one that gets many an innovator out of bed to fight the good startup fight, even in the face of insurmountable odds. What a difference two years makes.

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Innovation Online Google Millennials 109

PYMNTS

JULY 13, 2017

It’s often declared dead, innovators of all stripes are constantly declaring war on it and it is so out of style that even technologies relating to it are considered doomed to the ranks of historical obscurity. What’s Next in Idea Bank’s Innovation Calendar. Which, in turn, he said, means bringing better access to it.

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ATM Innovation Mobile User Experience 100

PYMNTS

NOVEMBER 1, 2018

Lower ATM operating revenue in the U.K. ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 North American ATM operating revenue increased 3 percent, but was offset by lower revenue in the U.K. Late Thursday (Nov.

ATM 155

ATM Cards Operations Regional 155

PYMNTS

DECEMBER 11, 2019

Lacewell said the new rules are the first steps in the revision of New York’s BitLicense to better meet the numerous changes in the industry since 2015. One change is that any coins the regulator approves for listing in New York can be listed by any exchange that operates in the state, as long as they provide notice to DFS.

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New York Regulation cryptocurrency Meeting 132

PYMNTS

OCTOBER 2, 2017

Since opening their first store in Palo Alto, California, in 2015, b8ta has aimed to offer just such an experience: the ability to snap up tech products that might otherwise be hard to find — and buy anyplace but online. What it would look like is a store that is currently doubling its footprint — and hoping to operate coast to coast.

Technology 168

Technology Retail Branding Innovation 168

Bank Innovation

AUGUST 16, 2018

alone, Aite projects “over 300% growth from 2015 to 2020—from $100.3 A study released today by research firm Aite and Early Warning, owner of the bank-based P2P firm Zelle, found that P2P payments will triple by 2020. In the U.S. billion to $316.6 billion” […].

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Fraud Payments Study Operations 186