PYMNTS

FEBRUARY 16, 2017

Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.

Regulation 183

Regulation Capital Fintech Innovation 183

CFPB Monitor

AUGUST 1, 2022

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

SEPTEMBER 29, 2020

This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. He added that the new partnership “will provide great benefit not only to banks and central infrastructures” but to merchants, their customers and financial technology companies (FinTechs).

Payments 248

Payments System cryptocurrency Regional 248

PYMNTS

AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

JANUARY 4, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. Citing data from PitchBook, Reuters reported venture capital financing of Canadian FinTechs was $137.7 million in 2016.

Fintech 159

Fintech Capital Financial Technology Report 159

PYMNTS

FEBRUARY 14, 2020

STC Pay, which does financial technology work for both companies and individuals, works with the Saudi Arabian Monetary Agency. He used to work for new markets for Google in North Africa and the Middle East. Jakovljevic is set to start as a chief development officer in March.

Regional 222

Regional Google Financial Technology Capital 222

PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

New York 173

New York Minneapolis Denver Capital 173

PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Alphabet Market Cap Hits $1T. Alphabet Market Cap Hits $1T. Global Blue Acquisition Capitalizes On Consumer X-Border Spend. China’s economy grew by 6.1

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). billion) in venture capital and the market has been estimated to have grown by nearly 70 percent since 2015.

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

Los Angeles 231

Los Angeles UX Cards FDIC 231

PYMNTS

JANUARY 29, 2019

Financial technology startups were able to raise $39.57 The $105 million investment was led by Comcast Ventures and NBCUniversal and included participation by Bain Capital Ventures, BlackRock, TPG’s Rise Fund, DST and Michael Dell’s MSD Capital. The number of deals is also up from the 1,480 in 2017. In the U.S.

Fintech 184

Fintech Capital Report Financial Technology 184

Bobsguide

MARCH 14, 2022

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

Capital 78

Capital Operations Fintech Software 78

PYMNTS

MARCH 7, 2019

bPass enables financial firms to tap Ant’s product management, asset management capital verification and full-link pressure test. Ant combined that with Hoperun’s experience in the finance market to create the DCBP solution, it said in the press release. “We

Technology 198

Technology Financial Technology Management Capital 198

PYMNTS

NOVEMBER 15, 2018

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). According to a report in CNBC citing Coinmarketcap.com, the market cap of bitcoin was at $98,194,458,586 overnight.

Bitcoin 134

Bitcoin cryptocurrency Marketing Capital 134

PYMNTS

JANUARY 20, 2021

Their entire process of cash management, payments and working capital came to a screeching halt because they didn’t have visibility into their ecosystem,” he told PYMNTS in a recent interview. This challenge has been present for decades within many firms, but when combined with the market disruption of the pandemic, it became intolerable.

Data 314

Data Strategy System Operations 314

PYMNTS

JUNE 26, 2020

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported. On Monday (June 22), he was arrested on charges of misrepresenting Wirecard’s accounts and market manipulation. million) bail. .

Regulation 152

Regulation Capital Policies Course 152

PYMNTS

SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. The round also included new investors BOND, DST Global, Goodwater Capital and Fin VC and Greenlight’s first institutional investor, Relay Ventures.

Atlanta 140

Atlanta Leadership Financial Technology Capital 140

PYMNTS

JULY 10, 2020

Rapyd, the B2B financial technology-as-a-service company, launched an integrated payment solution in Mexico, allowing companies to access all local payment methods through one network, according to a news release. Mexico is one of Latin America’s high-growth markets. Morgan Global Payment Trends.

Payments 153

Payments America Capital Online 153

PYMNTS

FEBRUARY 19, 2019

Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. The report noted that banking systems embedded on mobile phones are popular in emerging markets, including in China, India and Kenya , driven in part by private-sector FinTechs.

Fintech 173

Fintech System Mobile Payments 173

PYMNTS

OCTOBER 22, 2018

financial technology startup backed by Goldman Sachs , is expanding overseas. and the rest of Europe are attractive markets for Marqeta because of the growing number of digital-only banks and FinTech startups located in Europe. “We These FinTechs are acquiring more market share in the U.K. Marqeta , a U.S.

Las Vegas 142

Las Vegas Cards Conference Capital 142

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

FEBRUARY 23, 2020

Credit Karma is currently backed by funders like private-equity firm Silver Lake and financial technology venture firm Ribbit Capital, and the acquisition would cap a rapid rise for the company.

Report 180

Report Taxes Online Financial Technology 180

PYMNTS

NOVEMBER 11, 2016

Innovation and ease of business aren’t necessarily the first concepts that come to mind when thinking about the tech environment in the Russian market. Moscow is considered to have the largest eCommerce market potential. The country has the largest online market in Europe, with an estimated 66 million Russians accessing the internet.

blockchain 165

blockchain Innovation Marketing Technology 165

PYMNTS

NOVEMBER 23, 2020

Amid the market uncertainty of the pandemic, small business owners often have to do more with less, and they're expecting the financial technology solutions they use to do the same. The way entrepreneurs are managing their businesses — and their businesses' finances — is changing, with complexities and pain points multiplying.

Mobile 265

Mobile Payments Trends Tools 265

PYMNTS

AUGUST 4, 2020

The deal is part of the move toward market consolidation for FinTechs. According to Paya, the company has more than 100,000 customers and partners with software providers in markets that include B2B goods and services, healthcare, nonprofit and faith-based organizations, utilities and education. “As ” Betsy Z.

Fintech 159

Fintech Software Lending Financial Technology 159

PYMNTS

MAY 4, 2018

Payments are moving toward greater speed, efficiency and choice – and in P2P payments, that’s led to the rise of financial technology giants. Spottiswood said that will include financial support, mentorship, compliance services, marketing and back-office support. ” .

Payments 115

Payments Marketing Innovation Trends 115

Bobsguide

MARCH 21, 2022

Devoted to continuous advanced technology research and product innovation, CompatibL is proud to be recognized as one of the world’s best providers of risk management solutions, advanced analytics, and model validation services that help capital markets organizations better understand and reduce financial risks.”.

Innovation 147

Innovation Technology Risk Management Analytics 147

PYMNTS

FEBRUARY 14, 2018

The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted. reports noted.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

NOVEMBER 23, 2020

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. SEEDS Capital , the investment arm of Enterprise Singapore , led the funding round, which also included MI8 Ltd.,

Fintech 151

Fintech Taxes Compliance Capital 151

PYMNTS

DECEMBER 18, 2019

The company allows for solutions to some of the biggest problems when it comes to the SMB financing market. Late payments and lack of working capital, [and]/or inadequate cash flows, are the main challenges that [SMBs] face. The startup was founded by Osama AlRaee and Mohammed Jawabri. .

Capital 131

Capital Maine Lending Financial Technology 131

Bank Innovation

MARCH 16, 2018

EXCLUSIVE—The legacy infrastructure of most banks leaves something to be desired, and payments technology provider Baton Systems wants to use the cloud, APIs, and distributed ledger technology to help.

System 186

System Financial Technology Technology Innovation 186

PYMNTS

MARCH 13, 2019

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. The FinTech market is attractive to investors because the financial industry has long been in need of disruptions. percent from 33.2

Fintech 123

Fintech Capital Online Financial Technology 123

PYMNTS

OCTOBER 29, 2018

Berkshire Hathaway, the Warren Buffett investment company, has been getting in on the FinTech market, investing hundreds of millions of dollars during the past few months. The two dominate their local markets and are operating in regulated industries, two characteristics the famed investment firm typically looks for when making investments.

Fintech 139

Fintech Capital Financial Technology Industry 139

PYMNTS

JULY 31, 2020

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg.

National 172

National Fintech San Francisco Connecticut 172

PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. billion in post-program capital and collaborate with Mastercard, major banks, merchants and other high-profile organizations,” Mastercard said.

Fintech 163

Fintech Innovation cryptocurrency blockchain 163

PYMNTS

JANUARY 21, 2019

One of the more recent examples comes from London-based financial technology startup Revolut , which is reportedly “the first London-based FinTech to receive a European banking license.” The company said its capital value has jumped from 280 million pounds in 2017. Starling Bank undertook similar steps. million people.

Trends 185

Trends Payments Fintech Mobile 185

Let's Talk Payments

JUNE 7, 2019

A growing number of new players in any industry is a sign of an expanding market and opportunities for innovators. Increasing access to capital, consumer awareness, and acceptance to new ways of managing finances and other ecosystem drivers have been attractive for entrepreneurs in 2018 as well. FinTech is not an exception here.

Fintech 107

Fintech United States blockchain Financial Technology 107