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.

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Fintech Capital Report Company 186

Bank Innovation

FEBRUARY 27, 2018

EXCLUSIVE — Melissa Widner, General Partner at NAB (National Australia Bank) Ventures, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco. Prior to NAB Ventures, Widner led two companies as CEO to successful acquisitions that provided over a 10X return to investors.

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Bank Innovation

FEBRUARY 7, 2019

JPMorgan Chase had the highest "buzz ranking" among banks in 2018, according to YouGov's Brand Index, an annual poll measuring which brands are considered the best by consumers. Participants were asked, “If you’ve heard anything about the brand in the last two weeks, through advertising news or word of mouth, was it positive or negative?”

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Branding Capital Online Cards 199

PYMNTS

DECEMBER 28, 2018

Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Visa Acquires Longtime Partner Fraedom.

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Innovation Fintech Payments Management 184

Bank Innovation

JANUARY 19, 2018

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things. The portfolio of Citi Ventures, which comprises 35 companies, […].

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PYMNTS

NOVEMBER 8, 2018

In the third quarter of 2018, over 40 percent of larger seller GPV came from sellers that started on Square as micro-sellers.” In reference to the latter business, in the third quarter of 2018 Square Capital facilitated over 62,000 business loans totaling $405 million, up 34 percent year over year, revealed the company.

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BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

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Capital Policies Tools Regulation 131

PYMNTS

JANUARY 22, 2021

22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. One proposition is a 9 percent core capital requirement on the top tier, akin to banks. That could be aimed at getting more capital or increasing competition.

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PYMNTS

NOVEMBER 23, 2020

After looking at numbers from the itBit digital currency exchange, Pantera Capital said in a report that it seems PayPal and Cash App have purchased nearly all of the newly issued bitcoins. Pantera Capital said in the report, as noted by Benzinga, “When PayPal went live, volume started exploding. 23) Benzinga report.

cryptocurrency 357

cryptocurrency Bitcoin New York Capital 357

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 replaced payments firm Wirecard, which in 2018 took Commerzbank’s spot on the index. 12) press release.

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Bank Innovation

DECEMBER 24, 2018

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting. Lloyds Banking Group and Thought Machine Core overhauling is a […].

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Fintech Innovation Groups Capital 199

PYMNTS

AUGUST 3, 2020

DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. In 2018, Volt was the first neobank to get a RADI, the report notes.

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Capital ATM Analytics Report 154

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2

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Fintech Innovation Industry Payments 218

PYMNTS

NOVEMBER 24, 2020

While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. FinTech STAX, a capital-raising platform that accepts both dollars and cryptocurrency, helped WCA raise the funds. “We It will only benefit Australian businesses longer term,” he said.

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Bitcoin Lending cryptocurrency Capital 339

PYMNTS

OCTOBER 16, 2020

billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. Global investments are below the levels of pre-pandemic days, but London FinTechs have surpassed their 2018 venture capital totals of $2.3 billion in investments.

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San Francisco Fintech New York City Data 265

PYMNTS

DECEMBER 28, 2020

The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. We see institutional capital come into the crypto space with the expectation of banking integrations to complement crypto credit offerings,” CEO Darshan Bathija said in a statement, according to CoinDesk.

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PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 Noto will continue in his role as CEO which he has held for three years since arriving from Twitter in 2018, where he was COO, and prior to that the NFL, where he served as CFO. Online FinTech startup SoFi announced Thursday (Jan. consumers.

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Bank Innovation

FEBRUARY 22, 2018

EXCLUSIVE- If 2016 was the year of blockchain in financial services, the boom in cryptocurrency values in 2017 brought the banks’ attention back to the world of tokens and coins. Margaux Avedisian, executive vice president of Transform PR, has been on top of the bitcoin world for years now — centuries in cryptocurrency terms.

Bitcoin 199

Bitcoin Innovation cryptocurrency blockchain 199

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

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BankUnderground

JULY 7, 2020

Chart 1: GDP-weighted “global” public real rates and previous series, 1311–2018. For instance, we can observe the apparent existence of two secular reversal periods, during which public capital markets broke from their general downward trend and entered lasting periods of higher real rates, ca.1320–1480, 1320–1480, and ca.

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CA Trends Exercises Data 141

Bank Innovation

APRIL 13, 2018

Berlin-based challenger bank N26 will be opening its services to users in the United States and the United Kingdom by the end of this year, founder and chief executive officer Valentin Stalf told Reuters today. The bank, which was officially launched in 2015, currently has a German banking license, allowing it to operate in other […].

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PYMNTS

JUNE 29, 2020

The company landed its first round of funding in the fall of 2018, when Jinshajiang Venture Capital, CapitalToday’s Xu Xin and ZhenFund helped the venture get off the ground with tens of millions in angel round funding.

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Capital Groups Retail Report 273

Accenture

APRIL 7, 2020

Purchase volume YoY growth of 7% in Q4 is lower in comparison to Q3 YoY growth by ~100 bps, and lower than Q4 2018 YoY growth by ~130 bps. Chase and Capital One continued to lead YoY purchase…. Key themes Receivables growth of 4% YoY in Q4, slightly above the 3.5% YoY growth in Q3.

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US Cards Comparison Capital 195

PYMNTS

JANUARY 29, 2019

What’s more, a $14 billion investment in Ant Financial represented 35 percent of the total funding in 2018. The report noted that in the fourth quarter of 2018 five companies became unicorns, which happens when a startup has a valuation of more than $1 billion. billion in funding in 2018, setting a new record. In the U.S.

Fintech 184

Fintech Capital Report Financial Technology 184

PYMNTS

JUNE 22, 2020

Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22). In addition to $77 million in venture capital from the Menlo Park, Calif.-based

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PYMNTS

AUGUST 11, 2020

million in 2018 — according to CNBC. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. The company posted a total loss of $139.6

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San Francisco Fintech Digital Banking California 239

PYMNTS

MAY 3, 2020

Founded in 2012, Moovit — based in the Israel town of Ness Ziona — has raised $133 million led by BRM Capital, Hanako, BMW iVentures, Sequoia Capital Israel and Vintage Investments Capital. “At Moovit received $50 million in Series D funding in 2018 led by Intel Capital. .

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Data Analytics Capital Strategy 188

Bank Innovation

MARCH 6, 2019

Two real estate tech players, Compass and OpenDoor, each rather quietly raised $400 million from SoftBank in 2018, a year that included announcements like Credit Karma’s $500 million investment from Silver Lake and Plaid's $250 million raise that made it a unicorn.

Capital 282

Capital Lending Retail 282

PYMNTS

NOVEMBER 23, 2020

Blockchain and digital currency investment firm Pantera Capital said in a report that after analyzing numbers from the cryptocurrency exchange iBit, it appears that PayPal and Cash App have bought almost 100 percent of all newly-issued bitcoins. Robinhood started trading in digital currency in 2018, while Square has been involved since 2019.

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Bitcoin cryptocurrency New York Capital 217

PYMNTS

JULY 10, 2019

African payments startup OPay has raised $50 million in funding after investors such as Sequoia China, IDG Capital and Source Code Capital joined in the latest round, according to a report. OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments.

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Mobile Payments Capital Report 176

PYMNTS

DECEMBER 15, 2020

billion and gave it an implied market capitalization of $14 billion. The price range implied a lower market capitalization than some bankers had thought before, with the previous estimates having risen to $25 billion to $30 billion. and it was the most-downloaded shopping app in the world in 2018. This helped Wish raise $1.1

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Report San Francisco Capital America 235

PYMNTS

JUNE 24, 2020

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. Capital One was one of the earlier disrupters,” Janardana said.

Security 215

Security Capital Cards Report 215

PYMNTS

JANUARY 8, 2020

billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan. 2019 marked a record year, capping a decade of successive increases in capital invested in the Israeli high-tech industry,” said Shmulik Zysman, ZAG founding partner. Israel’s technology sector had a banner year in 2019, raising $8.3

Capital 160

Capital Trends Maine Technology 160

Bank Innovation

MARCH 29, 2018

In fact, all four panelists on “Where and How to Invest in Fintech Now,” at Bank Innovation 2018 in San Francisco, unanimously dismissed investing in ICOs. Like many others, venture capitalists are skeptical about investing in Initial Coin Offerings (ICOs). ICOs are rapidly falling in popularity.

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PYMNTS

DECEMBER 7, 2020

The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. SoFi was valued at $4.8

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Report San Francisco Lending America 269

PYMNTS

FEBRUARY 6, 2019

Raisin , the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding, bringing the total amount it has raised to $200 million. in 2018 and plans to add two or more markets to the platform in 2019.

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Capital Fintech Marketing Retail 176

PYMNTS

FEBRUARY 17, 2020

Small business (SMB) import and export volume between Europe and China hit $323 billion in 2018, and eCommerce — Amazon, Shopify and France’s Cdiscount — exceeded $100 billion in the same year. . The startup received Seed funding of ¥5 million (just more than $45,500 USD) in 2018, and raised $4 million in 2019.

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Fintech Capital Regional Digital Banking 176