PYMNTS

JULY 25, 2017

Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine learning will play a larger role moving forward. In 2016, online financial fraud hit 15.4

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

DECEMBER 23, 2020

Between January 2016 and August 2019, the CFPB said it discovered numerous “systemic errors” that could have lowered consumers’ credit scores, such as the wrong date an account first became delinquent, according to a consent order. The agency said the lender knew something was wrong as early as September 2016.

Report 356

Report Compliance Online Lending 356

Bank Innovation

DECEMBER 22, 2016

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

blockchain 150

blockchain Fintech US Technology 150

Bank Innovation

DECEMBER 18, 2018

In retail that happened some time ago — for example, consumers not only expect to be able to shop in person or online, they expect to be able to view merchandise in stores and purchase it online (or […].

Examples 186

Examples Online Retail 186

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

Bank Innovation

MARCH 2, 2016

Eleven companies were awarded slots in the DEMOvation Challenge, which took place yesterday here at Bank Innovation 2016, our annual first-quarter event. SEATTLE – In the end, it came down to biometrics versus blockchain.

blockchain 150

blockchain Innovation Seattle Software 150

Bank Innovation

FEBRUARY 2, 2018

As online banking becomes more popular, countries are grappling with cybersecurity. Danish credit card fraud significantly increased in 2016, Bloomberg said, and reports of online fraud in the country have increased 300% from reports in 2009. […].

Fraud 246

Fraud Digital Banking Cards Online 246

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

Bank Innovation

OCTOBER 17, 2016

This is according to Bank Innovation’s annual State of Banking Innovation survey for 2016, Read More. Mobile banking is the most valuable area of innovation when it comes to consumers, say banks and credit unions—which is probably why that’s the area these institutions are spending the most money on trying to innovate.

Innovation 150

Innovation Mobile Survey Bitcoin 150

Bank Innovation

FEBRUARY 15, 2017

2016 was a tumultuous year for the online lender. Lending Club may be back on track with banks, but not soon enough to help its fourth quarter results. The company set high goals for the fourth quarter, including its determination to generate $2 billion in loans. The lender’s very narrow miss of Read More.

Lending 236

Lending Online Company Operations 236

Bank Innovation

FEBRUARY 1, 2017

The payment network enabled 80 million accounts at yearend 2016, and added five new Read More. When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. But it did.

Marketing 150

Marketing Payments Company Operations 150

PYMNTS

MAY 19, 2020

In 2016, I Works owner and CEO Jeremy Johnson and other defendants in the massive online billing scheme, agreed to settle FTC charges that they took more than $280 million from consumers, according to the FTC. Most recipients will get their refunds via check and are advised to deposit or cash their checks within 60 days.

Online 179

Online Utah Cards Operations 179

PYMNTS

SEPTEMBER 29, 2020

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Between 2016 and 2019, the proportion of all families that saved increased from 55 percent to 59 percent.

Survey 131

Survey Online Report Course 131

Chris Skinner

JULY 21, 2017

These companies include firms like Stripe, a six-year-old start-up that is the preferred code for building online checkout services. Really easy to work with, the company is the chosen system for many other innovative companies including Kickstarter and Apple Pay, and valued at almost $10 billion by the end of 2016.

Fintech 361

Fintech System Technology Apple 361

PYMNTS

SEPTEMBER 21, 2020

21), I’m excited to introduce Free Assembly , a modern fashion brand that offers elevated style essentials at an incredible value,” said Denise Incandela , senior VP of the women’s group, elevated and online brands. “At The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016.

Branding 263

Branding Los Angeles Retail Online 263

Chris Skinner

JULY 26, 2017

billion over 357 deals US online personal finance firm SoFi raised the largest round globally at $453 million China, which raised the largest amount of VC investment in 2016, dropped to second place with $1.0 increase on H1 2016 deal value, but an 18.5% Global VC FinTech investment attracts $6.5 Overall, the US experienced a 7.7%

Fintech 251

Fintech United States US Innovation 251

PYMNTS

AUGUST 13, 2020

Google, the world’s dominant online search engine, has faced growing regulatory scrutiny in recent years. But in June of 2016, Google went ahead and merged this data anyway, effectively destroying anonymity on the internet.”. country manager, in a statement. billion purchase of the Israel-based Waze acquisition.

Rhode Island 346

Rhode Island Google Payments Florida 346

Perficient

MARCH 23, 2021

We first began publishing this study in 2016. Mobile vs. Desktop 2016 (published 2017). users spend more time on sports, books and literature, and in online communities. Global users spend notably more time than Americans in online communities and on social networks and finance. Tablet data is also included.

Mobile 421

Mobile Study Community Industry 421

PYMNTS

APRIL 17, 2020

And, for payments in apps or online, a virtual card number can be used. A customer could also lock their card and ask for a replacement but still can pay online or via phone with the virtual card number system. Google, for its part, rolled out a Wallet debit card in 2013 before closing it down in 2016.

Google 229

Google Cards Apple Branding 229

Bank Innovation

MARCH 9, 2017

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam. While this entry is not meant to provide a comprehensive state of *all* of the consortiums out there, I am attempting to capture the ones that seem […].

blockchain 306

blockchain Online Innovation Technology 306

Chris Skinner

JULY 14, 2017

The way in which they’ll achieve that is through local partnerships, and many of those have been started already: Ant Financial invests in Thailand’s Ascend Money as part of global expansion play, November 2016 Alibaba to lead $200 million investment into Paytm’s online marketplace, February 2017 Jack Ma’s Ant Financial makes first investment (..)

Analysis 258

Analysis Innovation Fintech Mobile 258

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

Branding 150

Branding Innovation Fintech social media 150

Bank Innovation

OCTOBER 20, 2017

It’s not just media buzz: a report by CBInsights shows that since January 2016, over 250 blockchain-focused firms have completed ICOs, with more than […]. There’s no denying the blockchain phenomenon, or that of Initial Coin Offerings (ICOs). But it seems like ICOs are surfacing in the media more and more with every passing the day.

blockchain 285

blockchain Report Bitcoin cryptocurrency 285

Bank Innovation

JUNE 29, 2017

Free credit reporting company Credit Karma reported more than $500 million in revenue in 2016 — a 50% increase compared to the prior year — hitting 70 million members since the launch of its flagship product — credit monitoring — in 2012, the company announced this week. What’s the secret to its success?

Report 285

Report Company Taxes Operations 285

Bank Innovation

NOVEMBER 15, 2016

Every year, Bank Innovation chooses the bank and fintech videos that made us laugh, the ones that made us cry, the ones that made us want to go out and buy baby animals, and of course, the ones that made us go out and better manage our finances (well, we tried.) Read More.

Video 150

Video Course US Innovation 150

Bank Innovation

AUGUST 15, 2018

National Australia Bank set up its own alternative lending arm called QuickBiz Loans back in 2016. Large banks, e-commerce moguls like Amazon and eBay and tech firms are likely to enter the alternative lending space, and soon, according to Eden Amirav, co-founder, and CEO of startup LendingExpress. Over the […].

Lending 282

Lending National Marketing social media 282

Chris Skinner

MARCH 22, 2017

In November 2016, Ant partnered with Thailand’s Ascend Money, which also runs a digital wallet service. Under the agreement, Ant Financial will assist Ascend Money to grow its online and offline payments and financial services ecosystem.

Company 350

Company Payments System Fintech 350

PYMNTS

NOVEMBER 20, 2020

Loadsmart features an online portal designed for those in the shipping business to move freight through ports and across rail lines and highways on land. Loadsmart said it has instead focused on what its online shipping platform can do for companies in the transportation business on a value-added basis, “coupled with API integrations.”.

Capital 253

Capital Online Industry Strategy 253

Bank Innovation

FEBRUARY 20, 2017

China may have taken the top spot in 2016 fintech funding, but it wasn’t the one doing most of the investing. While China claimed nearly $8 billion of the total $17.4 billion invested across the world, according to a report by U.K-based based Innovate Finance, the top fintech investor for the year Read More.

Fintech 223

Fintech Innovation Report Capital 223

PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. In 2016, the company faced a setback when its founder, Renaud Laplanche , was fired for irregular loan practices. Radius is based in Boston and has in the neighborhood of $1.4 billion in assets. million valuation.

Fintech 242

Fintech FDIC Boston Lending 242

Bank Innovation

JANUARY 26, 2018

launched its Marcus digital bank in late 2016, the conventional wisdom was the investment bank wanted to expand into retail banking. EXCLUSIVE— When Goldman Sachs & Co. But, apparently, that’s not the whole story. Marcus, it seems, is an asset pricing play, Goldman’s CEO implied yesterday.

Retail 262

Retail Video Digital Banking Bitcoin 262

PYMNTS

NOVEMBER 10, 2020

The amount of use cases has really expanded, as customers want to be able to answer simple questions when shopping online that aid in the consideration process. It started when Founder Stephen Lease was training for a marathon in 2016. Earlier this year, Vertebrae created a virtual 3D try-on application for mobile and online.

Retail 261

Retail Technology Training Online 261

Payments Dive

SEPTEMBER 25, 2018

Online fraud is becoming more and more sophisticated. billion lost in 2016. One of the results of this arms race is the recent surge in ATO – account takeover – attacks, a form of fraud which is particularly difficult to detect. In 2017, ATO led to $5.1 billion in losses, a staggering 122% increase over the $2.3

Branding 170

Branding Fraud Online 170

Bank Innovation

APRIL 28, 2016

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

Innovation 150

Innovation Security Fintech Company 150

PYMNTS

SEPTEMBER 28, 2020

As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD).

Payments 339

Payments Mobile Google Policies 339

PYMNTS

NOVEMBER 4, 2020

Adobe , which monitors sales at 80 of the biggest online retailers in the United States, noted that dollars spent shopping online plunged 14 percent the day after the 2016 election.

Arizona 218

Arizona Pennsylvania Georgia Survey 218

PYMNTS

SEPTEMBER 1, 2020

The San Francisco-based financial services giant’s decision to launch the checkless account, which has a monthly fee of $5, comes as Wells Fargo looks to reshape an image badly tarnished after 2016 revelations that bank employees opened millions of phony accounts in order to meet sales quotas.

San Francisco 234

San Francisco Payments Online Meeting 234