PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.

Company 209

Company Fintech Payments Software 209

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. That round of funding came from new investment firm Durable Capital Partners. Morgan Global Payment Trends.

Payments 153

Payments America Capital Online 153

Bank Innovation

APRIL 8, 2019

Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, according to people familiar with the company’s plans.

Fraud 150

Fraud Financial Technology Online Technology 150

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Now: Market caps are a simple, loose shorthand for how much it would take to acquire a company (without necessarily taking into account capital structure).

Los Angeles 231

Los Angeles UX Cards FDIC 231

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. Mexico has a lot of the key ingredients to succeed, but it’s not plug and play,” said Monica Brand Engel, a partner at Quona Capital, in an interview with the newswire.

Fintech 173

Fintech System Mobile Payments 173

PYMNTS

SEPTEMBER 6, 2019

But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

OCTOBER 4, 2016

The move on the part of Prosper comes at a time when the company is exploring strategic options , having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering selling equity in the firm. Specifically, the capital would improve funding sources.

Marketing 170

Marketing Lending Operations Financial Technology 170

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. the San Francisco-based online bank, had the last laugh. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , Last month, Varo closed on a $241 million Series D funding round.

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 13, 2021

Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. MoMo reportedly intends to use the funds to bankroll plans to become a “super app” as well as to go public in 2025.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

JANUARY 7, 2019

Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. 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

JULY 26, 2020

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Equifax said the addition of Ansonia’s data will complement its commercial databases of SMB loans, leases and credit lines including the Equifax Commercial Financial Network (CFN) and PayNet database.

Data 167

Data Company Pennsylvania Atlanta 167

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . It also plans to hire more employees with the capital. Qonto focuses on a subset of small- and medium-sized businesses (SMBs) across Europe. million.

Capital 131

Capital Digital Banking Compliance Mobile 131

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. At the time Naspers said proceeds would go toward growth opportunities in global classified, online food delivery and FinTech. percent from 33.2

Fintech 123

Fintech Capital Online Financial Technology 123

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MAY 29, 2018

Rocket Internet , the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Rocket CEO Samwer did note that Jumia, which is still losing money, may need to raise capital during the next two years.

Fintech 122

Fintech Groups Capital America 122

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

Bank Innovation

AUGUST 1, 2018

Zelle made a difference to the bottom line of financial technology provider Fiserv, the company reported on its earnings call yesterday. It was also noted that several banks — Fiserv serves some 13,000 financial institutions — saw a boost in transactions due […].

Financial Technology 170

Financial Technology Technology Report Company 170

PYMNTS

APRIL 21, 2020

The opening of a Hong Kong outpost is part of SoFi’s bid to acquire online brokerage firm 8 Securities, while expanding its business and serving up commission-free trading there. The new Hong Kong-based SoFi Invest will also offer “automated investing” along with financial advice and education, per a press release announcing the expansion.

San Francisco 130

San Francisco Innovation Fintech Security 130

Banking Exchange

MAY 26, 2021

Customers Bank, Capital Bank and Community 1st Credit Union among the latest to embrace financial technology Technology Financial Trends Payments Feature3 Fintech Feature Lines of Business Tech Management Mobile Online Cards Blockchain PPP Covid19 Community Banking.

Fintech 78

Fintech Groups Community Bank Community 78

PYMNTS

MAY 20, 2019

On Monday (May 20), the Czech Banking Association said it welcomed the proposal, and Babis said big banks in the country have agreed in principle on a starting capital of six billion Czech crowns ($259.92 million) to put into the fund. The association said the fund should be independent and fully professional. .

National 108

National Capital Compliance Financial Technology 108

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. But in a new PYMNTS interview on Tuesday (Dec.

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

OCTOBER 10, 2019

LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of institutional investors to the platform. The service significantly reduces the time it takes to deploy capital, from several weeks to a single day.

Capital 100

Capital Analytics Innovation Financial Technology 100

Bank Innovation

FEBRUARY 6, 2017

INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in financial technology and beyond.

Fintech 150

Fintech Financial Technology Trends Technology 150

PYMNTS

AUGUST 25, 2019

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories.

Data 109

Data Fintech Lending Analytics 109

PYMNTS

JANUARY 26, 2017

Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. In a press release , Vyze said that, as of Jan.

Retail 100

Retail Customer Experience Financial Technology Online 100

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs). Interest rate limits.

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

MAY 27, 2016

Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering selling equity in the firm. Specifically, the capital would improve funding sources. Reuters reported that the privately held U.S.

Lending 100

Lending Course Financial Technology Capital 100

PYMNTS

JUNE 13, 2019

The Singapore-based payments startup opted to raise more capital to grow independently as a company instead. The company reportedly assists firms like Zara, Central Online Shopping and Thai Airways take various payment types online from clients in Southeast Asia. The news comes as Grab raised over $4.5

Report 100

Report Online Financial Technology Lending 100

PYMNTS

APRIL 16, 2019

Wirecard, the digital financial technology company, announced Tuesday (April 16) it is expanding its partnership with O2 Czech Republic, the largest telecommunications player in the Czech market. It also offers online completion of transactions that meet new compliance rules.

Compliance 100

Compliance Mobile Online Financial Technology 100

PYMNTS

JANUARY 18, 2017

The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry. Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan.

Lending 100

Lending Software Online Financial Technology 100

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Now: Market caps are a simple, loose shorthand for how much it would take to acquire a company (without necessarily taking into account capital structure).

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

JANUARY 7, 2021

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg.

Groups 141

Groups Regulation Lending Operations 141

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Questions directed at Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

APRIL 7, 2020

For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. For banks and SMBs that may have traditionally relied on physical branches to process these applications, a secure online platform can be instrumental.

Fintech 166

Fintech Technology Operations Company 166

Celent Banking

APRIL 28, 2017

I like analogies because they can inject simplicity into the most complex discussions of financial technology, and make abstract concepts become more concrete and accessible to the casual fan of technology. As sharp-eyed Celent retail banking subscribers know, I'm an avid collector of good analogies.

Innovation 150

Innovation Detroit Community Bank Strategy 150

PYMNTS

JUNE 7, 2018

The bill increases the threshold from $50 billion in assets first to $100 billion, and then to $250 billion, before a bank is statutorily required to face higher regulatory scrutiny, stress tests and capital requirements.

Community Bank 157

Community Bank Community Millennials Regulation 157