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.
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.
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PYMNTS
JANUARY 19, 2018
As such, automakers are hitting the venture capital highway in droves. In 2017, there were 38 disclosed venture and seed rounds by automakers , up from 26 in 2016 — and astronomically higher than only six in 2015. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. Ridesharing.
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.
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.
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
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.
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.
Bobsguide
OCTOBER 18, 2017
In one of the most eagerly received announcements of Sibos 2017 so far, today Broadridge Financial Solutions revealed the successful completion of an operational test case which demonstrates the capabilities of blockchain technology to enhance the operational efficiency and auditability of bilateral.
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
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
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
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
MARCH 9, 2018
operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. Overseas operations are also hampered, reports have noted, with the company’s U.K.
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
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 26, 2017
Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. He wouldn’t say how much interest the company would charge on the working-capital loans. . With the new feature, sellers that use Mercado Libre Inc.
PYMNTS
JUNE 8, 2018
After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Both brands have made great progress in the past 24 months and have generated strong performance.
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
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
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.
Bobsguide
AUGUST 7, 2022
London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.
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.
CB Insights
JANUARY 18, 2018
Blockchain momentum rose fast in 2017, as venture capitalists and strategic investors increased deals to companies building on Bitcoin and blockchain technology nearly every quarter. While the financing mechanism has been around for some time ( Ethereum was launched via an ICO in 2015), it really took off in 2017.
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
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.
PYMNTS
MARCH 1, 2017
” Worse than the quarter of soft numbers – however – is the news that comes carried with them: i.e., that the rest of 2017 may not look all that much better for Target earnings. a share in 2017, a notable step-off from from $5.37 The retailer is predicting earnings of $3.80 a share Wall Street was looking for.
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
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
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.
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
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.
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 […].
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
DECEMBER 11, 2019
The funding round was led by Harbert Growth Partners, with other participants including Highland Capital Partners, Camber Creek, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and former Bain Capital Partners MD Mark Nunnelly all participated in the round.
PYMNTS
FEBRUARY 10, 2017
Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. The region is also home to an active and fast-growing startup scene.
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
JANUARY 10, 2017
It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. Yes, that is billions with a B, and a capital B, as it represents the staggering amount that merchants lost last year, in the United States alone, from false declines, as estimated by BI Intelligence.
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
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.
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
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.
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