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
FEBRUARY 20, 2017
Bank, recognizing that, has set a target: removing passwords “altogether” from the login process in 2017, according to Jason Witty, the Read More. Biometrics and behavioral analytics are taking over banking apps for good, and U.S.
PYMNTS
JANUARY 3, 2017
PYMNTS examines the data surrounding the latest developments of blockchain, already off to a speedy start in 2017. That figure is expected to increase in 2017 and beyond. In 2017, Wyre said, blockchain technology offers the opportunity to reduce both of those metrics. and China accumulated in 2015 alone. reports noted.
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. Global financing Read More.
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
AUGUST 28, 2020
Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November. In a filing for a court hearing on Friday (Aug.
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
JUNE 26, 2017
For the third consecutive year, Bank Innovation has teamed up with Open Bank Project and (this year) the University of Warwick, to conduct a research survey on how financial institutions worldwide are prioritizing API initiatives in 2017.
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 […].
Perficient
JUNE 18, 2020
Since its inception back in March of 2017, Perficient became an early adopter of the Amazon Connect platform. Perficient can own as little or as much operational upkeep and management of the solution as desired. Now more than ever, organizations are faced with the challenge to digitally transform themselves and migrate to the cloud.
Bank Innovation
APRIL 11, 2017
For the third consecutive year, Bank Innovation has teamed up with Open Bank Project and (this year) the University of Warwick, to conduct a research survey on how financial institutions worldwide are prioritizing API initiatives in 2017. The query is digital and we invite industry participants to […].
Perficient
MARCH 10, 2022
We’re one of Acquia’s first Certified Drupal Cloud Practices and a valued Acquia partner since 2017. Since last year’s Partner Awards, we’ve seen how partners, brands, and businesses across the globe have adapted to new ways of operating.
Bank Innovation
FEBRUARY 16, 2018
An unknown hacker or hackers stole $6 million from a Russian bank in 2017 through the SWIFT international payments system, the Russian central bank said according a report by Reuters today. The Central Bank of Russia said that it had received information about “one successful attack on the work place of a SWIFT system operator” […].
Bank Innovation
JUNE 6, 2017
Among the many innovative products announced during Apple’s WWDC 2017 yesterday (like this iMac Pro, or these cool smart speakers), the tech giant’s new P2P payments service got the FI spotlight. Quickly dubbed “the Venmo competitor,” the new service will allow iOS 11 users transfer money via iMessage starting this fall.
Bank Innovation
SEPTEMBER 1, 2017
India may overtake China as the world’s leader in fintech service adoption, according to a report released by Ernst & young, entitled EY FinTech Adoption Index 2017.
PYMNTS
AUGUST 3, 2020
The Financial Times reported that Wirecard’s relationship with CenturionBet ended in 2017, “when its gambling license was suspended by Maltese authorities and it ceased trading after an anti-mafia raid that saw 68 people arrested.” ‘Ndrangheta operates from the Calabria region in Southern Italy.
Bank Innovation
FEBRUARY 22, 2018
EXCLUSIVE – Green Dot had its “finest year in [its] history” in 2017, CEO Steve Streit said on yesterday’s 4Q earnings call. based company, which operates a growing suite of digital financial products, returned to its roots this year in several ways. The Pasadena, Calif.-based
PYMNTS
OCTOBER 19, 2020
billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. Alibaba first invested in Sun Art in 2017 as part of the company’s New Retail strategy as it seeks to build a “robust infrastructure to create opportunities and value in China’s retail sector,” Zhang also said.
PYMNTS
JUNE 30, 2020
A summary of Wirecard ’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. The firm reportedly said it worked with 170,000 small companies and 33,000 large and medium-sized merchants in 2017.
Bank Innovation
MARCH 7, 2017
That’s the upshot from Adam Carson, the bank’s head of digital partnerships, during a fireside chat at Bank Innovation 2017. “In . – The “build or buy” scale is leaning increasingly towards “buy” at JPMorgan Chase, as fintechs become less concerned with disrupting traditional banks. In my space, which is digital, I think you’ve […].
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. .
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
SEPTEMBER 14, 2020
The latest news has Walmart launching a drone delivery operation near the company’s headquarters in Northwest Arkansas. Zipline will operate from a Walmart store and can service a 50-mile radius, which is about the size of the state of Connecticut.”. The company started making deliveries by drone in Reykjavik, Iceland in 2017.
PYMNTS
FEBRUARY 20, 2020
The company, founded in 2017, has a goal to generate automatic vehicle transport in freight hubs, intending to reduce safety risks and costs. Outrider wants to do for yard trucks what Waymo did for ridesharing, and what Einride did for trucking, by providing autonomous alternatives. 19), comes from NEA, with Series A funding by 8VC.
TheGuardian
MARCH 26, 2024
Lender says move is unrelated to takeover talks with Coventry Building Society The Co-operative Bank has unveiled plans to cut 400 jobs as part of the lender’s largest cost-cutting and restructuring programme since it was bailed out by hedge funds in 2017.
TheGuardian
DECEMBER 21, 2023
It signals the most serious sign yet that the Co-operative Bank’s hedge fund owners could exit the bank, after spending £700m on rescuing it in 2017. Continue reading.
PYMNTS
DECEMBER 6, 2020
Foley has worked with SPAC mergers in the finance sector before, with one of his private ventures working with Blackstone in 2017 to buy insurer Fidelity & Guaranty Life. It operates through brands like Income Access, Paysafecard, Skrill and Neteller, Bloomberg reported. II SPAC raised $1.47 with a market value of $1.95
PYMNTS
FEBRUARY 19, 2019
The results for 2018 make clear that the ACH Network is vibrant and continues to be a vital component of the nation’s economic engine,” NACHA Chief Operating Officer Jane Larimer said in the press release. percent increase compared to 2017. For all of 2018, NACHA said, the value of ACH payments reached $51.2 trillion, which is a 9.5
PYMNTS
NOVEMBER 4, 2020
The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. The Department of Justice (DOJ) has seized $24 million in virtual currency on behalf of the Brazilian government, according to a press release.
PYMNTS
JANUARY 26, 2021
MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report. In other news, European FinTech SIA is partnering with WizKey to create a platform to allow credit negotiations on blockchain for banks, financial operators and funds, according to a press release.
PYMNTS
SEPTEMBER 21, 2020
Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions. Among the scams highlighted included HSBC in Hong Kong, which allegedly allowed a $15 million Ponzi scheme to move its money even after the business was barred from operating in three states.
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
JANUARY 21, 2021
Taking up 54,000 square feet on the fifth floor of a Saks store a few blocks from Barneys’ former location, the new operation will feature apparel from Fear of God and other cutting-edge clothing lines. Barneys also operates six stores and five outlets in Japan and expects to expand into South Korea and China over the next two years.
PYMNTS
OCTOBER 30, 2020
We believe that the critical mass of our transformational challenges is behind us, and we remain sharply focused on operational improvements and financial discipline to accelerate strategies to create sustainable, long-term growth for the Under Armour brand and our shareholders,” Frisk said in the statement.
PYMNTS
DECEMBER 31, 2020
That’s up 13 percentage points from 2017, yet the Tracker also notes that “a substantial minority remains that still desires some form of in-branch capability for more complicated transactions.”. There will be a balancing out, and where it will finally come to rest is a guesstimate. Interactive Tellers (ITMs) accommodate this and more.
PYMNTS
NOVEMBER 8, 2018
The rollout of its SMB lending offering comes nearly 15 years after PayPal first launched operations in the market, and adds Germany to the list of markets in which PayPal Working Capital is available, including the U.S., and Australia. Earlier this year, PayPal released new data on the performance of its U.K.
PYMNTS
SEPTEMBER 21, 2020
Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions.
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.”
Abrigo
OCTOBER 17, 2022
Shannon passed away in 2021 after her diagnosis in 2017. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer. and in bank technology nationally.
PYMNTS
MAY 26, 2020
SMB “owners can apply for grants of more than $5,000 in cash and ad credits,” according to the release, and grants will be open to any businesses in the Canadian cities where Facebook operates: Toronto, Ottawa-Gatineau, Montreal and Vancouver. But many SMBs had not yet caught on. The first session will take place June 3.
PYMNTS
SEPTEMBER 5, 2019
percent in 2017. percent in 2017. Cross-border “scheme fees” paid to the networks, as well as currency conversion and costs, eat into operating profits, as do interchange rates, which collectively are lucrative for issuers and the networks, but may make suppliers balk. Visa ’s commercial card was 43.2 percent from 29.8
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.
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