2017 Innovators to Watch: 44 Executives Shaping the Future of Banking
Bank Innovation
JUNE 12, 2017
2017 was a tumultuous year, but despite some stops and starts, innovation in finance is only gaining more momentum.
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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
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
JANUARY 2, 2017
Venture capital funding continued to fall in the third quarter, according to data from KPMG Enterprise and CB Insights. 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. Global financing Read More.
PYMNTS
NOVEMBER 8, 2018
PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts. and Australia.
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.
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
DECEMBER 18, 2020
The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. Quona Capital, a venture firm that is geared toward FinTech in developing markets, headed up the round, with Omnivore and LGT Lightstone Aspada taking part as well. CloudTrucks. million Series A funding round.
Bank Innovation
SEPTEMBER 27, 2017
What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation?
PYMNTS
JANUARY 10, 2019
Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J.
PYMNTS
MARCH 7, 2019
Hitachi Capital America , Hitachi’s U.S.-based In a statement, Hitachi Capital America EVP and General Manager of Commercial Finance and Corporate Development Mark Duncan said the takeover will help the company expand its footprint in the technology sector. The company released data in 2017 that found nearly half of U.K.
PYMNTS
MAY 11, 2020
Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.
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. Delivery Hero operates in 50 countries in over 700 cities across Asia, Europe, Latin America, the Middle East and North Africa.
Bank Innovation
NOVEMBER 28, 2016
will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.
Bank Innovation
FEBRUARY 8, 2017
Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.
Chris Skinner
MARCH 15, 2017
Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. To corroborate this statement, PwC with YouGov polled more than 2000 British consumers in January 2017 on their awareness of and preference for different types of banks, banking products and services.
PYMNTS
JANUARY 25, 2021
In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people. s break from the European Union, N26 ended operations there. .
PYMNTS
DECEMBER 6, 2020
Paysafe is backed by Blackstone and CVC Capital Partners , and the deal with Foley Trasimene Acquisition Corp II is set to create an entity worth around $9 billion, according to sources quoted by Bloomberg. It operates through brands like Income Access, Paysafecard, Skrill and Neteller, Bloomberg reported.
Bank Innovation
JUNE 8, 2018
What is the state of banking innovation today? Each year, we poll the industry to find out. Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].
Bank Innovation
JANUARY 10, 2017
Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.
PYMNTS
OCTOBER 3, 2019
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. This new business further grows Citi’s existing relationship with Victory Capital. With more than $21.7 Asia and Latin America.
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.
PYMNTS
JULY 17, 2019
Financial experts are predicting Capital One’s second-quarter earnings will fall below expectations, despite their moderate success in the first quarter. Last year, Capital One spent $18.6 million dedicated for the same purpose in 2017. Capital One will publish their second-quarter earnings report at 4:05 p.m.
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.
PYMNTS
APRIL 29, 2019
Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The SEC’s new advocate for small business capital formation, Martha Legg Miller, and 15 other members are also a part of the team, reports said.
PYMNTS
JUNE 4, 2019
ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. percent in 2017. Sales enablement platform Highspot announced it has secured $60 million in Series D funding.
PYMNTS
MARCH 26, 2019
In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. Remarks made in 2017 from BlueVine CEO Eyal Lifshitz hinted at this emerging trend. Further, GLI Finance revealed a $25.93
PYMNTS
SEPTEMBER 30, 2016
B2B startups saw a little bit of everything this week when it came to venture capital. million funding round over the weekend, with the corporate expense management company seeing funding from Sabadell Venture Capital, Venturecap, Bankinter, Telegraph Hill Capital and Kibo Ventures. Spain-based Captio revealed a $1.1
PYMNTS
JUNE 29, 2020
But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates. That’s compared to 2017 figures, during which invoices were paid on time. ” $1.3
PYMNTS
FEBRUARY 26, 2020
The acquisition does not include the G4S Retail Cash Solutions business or the cash operations in South Africa, the U.K. This transaction represents our largest acquisition to date and further demonstrates our disciplined approach to value-added capital allocation,” said Doug Pertz, president and CEO of Brink’s.
PYMNTS
JUNE 29, 2020
“With its tremendous, ongoing success in its core markets, we believe that this merger and its accompanying capital infusion will enable Shift to expand its product offerings and execute on its growth strategies.”. Arison said the move was about adding capital to scale the company. Merging with Insurance Acquisition Corp.
Perficient
MAY 27, 2022
There is good reason for this shift in view; according to Marc Bernegger, co-founder of crypto fund AltAlpha Digital, “after last year’s explosion of crypto hedge funds around the globe, there are now over 400 active funds, excluding those focused on venture capital.” SEC Regulation. CFTC Regulation.
Bank Innovation
JANUARY 27, 2017
Don’t miss your chance to secure your spot at Bank Innovation 2017 for the lowest available rate, and join attendees from companies already registered, such as: BBVA Braintree Capital One JPMorgan Chase Mastercard Rabobank Concentrix Silicon Valley Bank TD Bank U.S.
PYMNTS
SEPTEMBER 29, 2020
s license to operate. Stripe headed up the round, while current investors Global Founders Capital and Y Combinator participated with new investor Bedrock Capital. Uber first lost its license in 2017 when city transportation regulator Transport for London (TfL) accused the firm of regulatory and safety shortcomings.
PYMNTS
AUGUST 5, 2020
Vijay Oddiraju , co-founder and CEO of Volante, said the company’s goal was to “help financial institutions by providing modern solutions to simplify the complexity of their operations and accelerate business outcomes, from capital markets to custody to transaction banking.”
PYMNTS
JULY 12, 2020
The company operates in Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai and Hyderabad, Money Control reported. Google invested a minority stake in the venture in 2017, when it led a $12 million investment round, the report noted. Google, Lightbox Ventures, STIC Investment, STIC Ventures and 3L Capital participated.
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.
PYMNTS
DECEMBER 19, 2018
The company had previously asked to start a bank in September of 2017, but eventually withdrew from the process over procedural issues. Since its inception as a credit card-reading company for small businesses, the operation has since expanded to offer other services, like digital money transfers and retail installment loans.
PYMNTS
JANUARY 31, 2021
TRTWorld reported that Getir, which operates in 10 cities in Turkey, saw a significant boost in business when restrictions related to COVID-19 took effect. According to Crunchbase , the company has raised about $170 million from investors including billionaire Michael Moritz of Sequoia Capital.
PYMNTS
OCTOBER 7, 2020
Under the reorganization, the company said it plans to close 185 locations, which leaves the franchise with 236 operating restaurants. This latest announcement follows a private-equity buyout in 2017 by NRD Capital Management. We intend to move through the process as quickly as possible,” Lederman said.
PYMNTS
FEBRUARY 24, 2020
These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Growth encouraged the media company to switch to automated processes.
PYMNTS
DECEMBER 14, 2018
That wasn’t perhaps the most surprising news, given how Amazon keeps taking control of more logistical and delivery operations — an effort that many observers expect will eventually include the eCommerce operator competing head-to-head with UPS and FedEx. billion in capital. That’s one take on the news Thursday (Dec. households.
PYMNTS
MARCH 12, 2020
billion in revenue and cost $5 billion to operate. However, the report notes that the USPS may not have the expertise or capital to enter those markets. The United Kingdom’s postal retail operator has arranged with retail banks to enable customers to access their banking services. billion in net revenue in 2017.
PYMNTS
JULY 9, 2019
Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.
PYMNTS
OCTOBER 31, 2018
Fleet payments, WEX’s flagship focus, grew with a 7 percent increase in total fuel transactions processed during the quarter compared to Q3 2017, with a 22 percent increase in fuel prices accelerating value for the company. Transaction revenues for this segment increased 11 percent from Q3 2017 to $9.66 ” WEX posted a 35.7
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