Bank Innovation’s Picks for Top 5 Trends in Fintech in 2017
Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.
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Bank Innovation
DECEMBER 19, 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.
Bank Innovation
JANUARY 2, 2017
The fintech world has been going through a sort of an IPO freeze recently. The headwinds created by certain fintechs this year (looking at you, LendingClub) didn’t help much either. Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights.
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Bank Innovation
JULY 28, 2017
This year could be the year that VC- backed fintech investment deals and funding reach an all-time high. According to a report by CB Insights, released earlier this week, venture capital-backed fintech companies across the globe raised a total of $5.2 Billion across 251 deals in the second quarter of this year.
Bobsguide
JULY 24, 2017
According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, global investment in fintech companies hit $3.2bn across 260 deals. Q1 2017’s total capital invested soared to $610m, which was noted as the.
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
Bank Innovation
MARCH 7, 2018
EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.
PYMNTS
DECEMBER 18, 2020
This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.
Bank Innovation
JANUARY 11, 2019
Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017.
PYMNTS
JANUARY 25, 2021
German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5
PYMNTS
JANUARY 12, 2021
German food delivery platform Delivery Hero is launching its own early-stage venture capital (VC) firm — DX Ventures — that will be managed independently to focus on advancing founder-led startups. The company went public in 2017 on the Frankfurt stock exchange, and in 2020 became part of the blue-chip index DAX (Deutscher Aktienindex).
Bank Innovation
APRIL 21, 2017
Raising capital is a crucial step for any startup trying to build its way up the fintech ladder. However, when it comes to VC funding, the actual capital is the “least important part of the transaction,” according to Bruce Wallace, chief digital officer at Silicon Valley Bank. “I
PYMNTS
JANUARY 29, 2019
billion in venture funding last year, marking a 120 percent increase from 2017. The number of deals is also up from the 1,480 in 2017. On Monday (January 28) Acorns , the FinTech that helps users invest spare change, announced a Series E found of funding that gives it a valuation of $860 million, pushing it nearer to unicorn status.
Bank Innovation
MARCH 11, 2019
Fintech funding is significantly on the rise. CB Insights' 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. And already this year, there have been several notable funding rounds.
Bank Innovation
JANUARY 25, 2017
More fintech is coming to Austin. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator.
Bank Innovation
NOVEMBER 13, 2017
EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation.
PYMNTS
DECEMBER 27, 2016
Capital One’s Treasury Management Group is already looking ahead to how corporate treasurers will face the most modern of challenges in 2017. For Capital One, approaching the future of treasury management means collaboration. “We’re
Chris Skinner
MAY 14, 2017
This week’s main blog headlines are … The legacy clock is ticking Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. I’m very sceptical about competition in banking because I’ve been waiting for it to happen for too long. Zero affect.
Accenture
FEBRUARY 28, 2017
Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.
Accenture
FEBRUARY 28, 2017
Despite this, I can see clear trends through our work with clients and observation of industry developments, and based on these, I have developed a set of predictions for 2017. The Paym mobile real-time payment service will continue to grow at 200% – 300% per year and will see around 10m payments in 2017. External/Open APIs.
PYMNTS
AUGUST 9, 2019
Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.
Insights on Business
JULY 27, 2017
Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems”. I think so.
PYMNTS
AUGUST 2, 2017
Good news for FinTech startups: in the U.S., venture capitalists have been boosting their activity in the market, with Q2 FinTech investments regaining its strength, according to analysts at KPMG. The firm’s Pulse of FinTech report for Q2 2017, released this week , found overall FinTech funding in the U.S.
PYMNTS
DECEMBER 12, 2019
San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries.
PYMNTS
FEBRUARY 17, 2020
FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.
PYMNTS
SEPTEMBER 18, 2019
The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S. In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions.
CB Insights
OCTOBER 4, 2022
CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies worldwide. . GET the list of 2022 fintech 250 companies. Get an Excel file with the entire Fintech 250, CB Insights’ annual ranking of the 250 most promising fintech startups in the world.
Let's Talk Payments
OCTOBER 25, 2017
The India FinTech Awards is a unique initiative by India FinTech Forum to recognize the best emerging FinTech innovations in the thriving Indian ecosystem. The award, in its second edition,
PYMNTS
JANUARY 3, 2020
With the holiday season wrapped, venture capitalists are gradually returning from a bit of a break in the B2B FinTech funding front. In all, B2B FinTechs secured more than $33.5 New backers Working Lab Capital, Inner Loop Capital and Renegade Ventures also participated in the round, reports said. revealed a $6.3
PYMNTS
MARCH 2, 2018
Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.
Bank Innovation
JANUARY 30, 2018
EXCLUSIVE – If the future of banking is partnering with fintech startups, then finding the most innovative and efficient fintechs becomes crucial for banks’ success. based The Venture Center’s FinTech Accelerator program, which is backed by financial […]. One such program is Little Rock, Ark.-based
Bank Innovation
OCTOBER 24, 2016
Third quarter venture capital fundings continued to fall in the third quarter, but there’s a hint of optimism as the year comes to an end and the market for initial public offerings thaws. According to data from KPMG Enterprise and CB Insights, global financings fell 14% in the third quarter from Read More.
Bank Innovation
SEPTEMBER 27, 2017
Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation? What is the state of banking innovation today? Each year, we poll the industry to find out.
PYMNTS
AUGUST 14, 2018
FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. Meanwhile, CreditShop, which investment firm Varde Partners acquired in 2017, launched a credit card earlier this year while Elevate Credit, which focuses on installment loans, came out in July.
Bank Innovation
JANUARY 4, 2017
Another day, another dollar—only this is fintech, so it would be more accurate to say another day, another multi-million investment in blockchain, virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech funding hasn’t veered far from the areas of interest in Read More.
Celent Banking
APRIL 28, 2017
Fast forward to 2017 and the launch of the new Ford GT, a modern-day supercar with a heritage dating back to the early 1960s, when the Ford GT40 won the grueling 24 Hours of Le Mans four times in a row. The post Innovation on Display: The 2017 Ford GT and FIS Connect 2017 appeared first on Banking Blog.
NCR
NOVEMBER 21, 2017
The rise of China as a fintech powerhouse has been confirmed by a new survey revealing the world’s leading fintech companies. Chinese fintech firms ranked highly because of their innovation, ability to raise capital, scale and reach. The post China dominates 2017 Fintech 100 appeared first on Banking.com.
Bank Innovation
OCTOBER 11, 2017
But, that majority still won’t leave their bank for a younger fintech model, according to the 2017 Annual […].
PYMNTS
FEBRUARY 13, 2019
In other news, Chainalysis , a crypto transaction analysis startup, announced that it has raised $30 million in Series B funding, led by venture capital (VC) firm Accel. According to Innovate Finance ’s “ 2018 FinTech VC Investment Landscape ” report, “2018 was a record year in FinTech, with $36.6
PYMNTS
DECEMBER 3, 2019
A FinTech payday startup called Hastee has received a $270 million investment from Umbra Capital Partners, with participation from IDC Ventures and others, according to reports. The startup was founded in 2017 by Simon Draper and James Herbert.
Bank Innovation
JUNE 8, 2018
Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. What is the state of banking innovation today? Each year, we poll the industry to find out. This year, the pressure for banks to innovate is high, as banks no longer […].
Bank Innovation
NOVEMBER 14, 2017
With one new unicorn and steady VC- backed deals amounting to $4 billion globally, Q3 2017 has been another positive quarter for the fintech industry. According to a CBInsights Report released earlier this month, Q3 saw 278 VC-backed deals equaling $4 billion globally, compared to $2.6 billion in the same quarter last year.
PYMNTS
MAY 14, 2018
Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The Geru bonds, which the company issued in December of 2017, have a four-year maturity and pay about 11.2 percent each year, noted the report.
Gonzobanker
JANUARY 4, 2022
These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. The Clearing House (TCH) launched the RTP® network in November 2017. Trend #1: The Great Overdraft Overhaul.
Celent Banking
APRIL 28, 2017
Fast forward to 2017 and the launch of the new Ford GT, a modern-day supercar with a heritage dating back to the early 1960s, when the Ford GT40 won the grueling 24 Hours of Le Mans four times in a row. The post The 2017 Ford GT and FIS Connect 2017: Innovation on Display appeared first on Banking Blog.
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