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

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.

Payments 153

Payments America Capital Online 153

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

Chris Skinner

MAY 10, 2017

It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes. So I was intrigued to see Hong Kong issue their FinTech strategy today.

Strategy 271

Strategy Fintech Regional Technology 271

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

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? Regional players like BankUnited have even smaller market caps (at about $2 billion). On a dollar-for-dollar basis, investors are willing to pay more for the challenger bank than the stalwart.

Los Angeles 231

Los Angeles UX Cards FDIC 231

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. To operate beyond Chongquing, Ant would be required to apply for new licenses.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Examples 167

Gonzobanker

DECEMBER 14, 2023

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc.

Fintech 190

Fintech Community Regional Technology 190

PYMNTS

APRIL 30, 2019

Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. The region is drawing interest from global investors who are pouring into FinTechs. It has a valuation of $2.7

Fintech 176

Fintech Millennials Regional Financial Technology 176

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

JANUARY 12, 2017

Ripple said the XRP/euro and XRP/dollar currency pairs will be available to trade to all customers and regions that are supported by Bitstamp. Digital currencies, like bitcoin and XPR, are attractive to people wanting to circumvent strict capital controls in places like China, noted the report.

Bitcoin 100

Bitcoin blockchain Regional 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? Regional players like BankUnited have even smaller market caps (at about $2 billion). On a dollar-for-dollar basis, investors are willing to pay more for the challenger bank than the stalwart.

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

JUNE 2, 2016

Gil Devora, a co-founder of The Floor, added that Intel’s funding and support “could help Israel become a global capital in the field of FinTech.”. The news comes at an interesting time for Intel’s future in Israel.

Fintech 100

Fintech Regional Innovation Capital 100

Gonzobanker

AUGUST 17, 2022

Payments: Still Hot for Teacher (Wait, Song or Not, Can We Still Say That?).

Fintech 169

Fintech Lending Software Compliance 169

PYMNTS

JANUARY 26, 2017

Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. The centrally located city, which is globally recognized as a hub for European, African and Asian business, is placing its focus on boosting its status as a FinTech capital of the world.

Fintech 100

Fintech Regional Innovation Leadership 100

American Banker

JANUARY 11, 2017

Technology investment: Tech giant SoftBank executive Rajeev Misra has created a $100 billion fund to invest in futuristic technologies like artificial intelligence, robotics and other Jetsons-like inventions, according to the Wall Street Journal and New York Times.

New York 28

New York Financial Technology Capital Technology 28

PYMNTS

AUGUST 19, 2016

Tokyo is well-known for its strong economy and significant presence in the financial world. Its ranking as the world’s second largest economy has made it a hotspot for many global banking and financial firms looking to set up regional headquarters. “FinTech will have a big impact on financial services.”

Fintech 100

Fintech Mobile Guidelines System 100

Let's Talk Payments

DECEMBER 3, 2016

As much as financial technology innovators would like to believe in a challenge they impose on institutions, in reality, the hype is often exaggerated. Among factors that played a.

US 40

US Fintech Financial Technology Innovation 40

PYMNTS

OCTOBER 1, 2018

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As The Aftershocks.

Lending 135

Lending Fraud Management San Francisco 135

Fintech Labs Insights

NOVEMBER 1, 2016

” This includes Ant Financial, formerly known as Alipay, which as the world’s largest third-party payment platform, is the #1 company in the report, as well as Qudian, a Beijing-based student micro lender, ranked #2. .” Yet that 5% represented 14% of the all capital raised by fintechs in December.

Fintech 12

Fintech Trends Capital Regional 12

Fintech Labs Insights

SEPTEMBER 19, 2016

Ripple will use the funding, which takes the company’s total capital to more than $93 million , to grow its customer base and its team, as well as help secure strategic partnerships. Founded in 2012 and headquartered in San Francisco, California, Ripple demonstrated its technology as OpenCoin at FinovateSpring 2013.

San Francisco 12

San Francisco New York Financial Technology Technology 12

Jessica Ellerm

FEBRUARY 25, 2016

On Wednesday Australia’s Prime Minister Malcolm Turnbull and Treasurer Scott Morrison jointly announced the launch of a new fintech advisory panel, bringing together bankers and fintech leaders alike, and tasking its members with the job of making Australia the leading force in financial technology within the APAC region.

Fintech 40

Fintech Lending US Policies 40

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

Cards 208

Cards New York Capital Compliance 208

Fintech Labs Insights

AUGUST 22, 2024

FinGoal: Personal finance tools powered by AI, enhancing user financial decision-making, partnerships with major financial institutions growing. Horizn: Continues to excel in digital adoption platforms for financial services, expanded to additional markets.

San Francisco 15

San Francisco New York San Jose Tools 15

Gonzobanker

DECEMBER 19, 2022

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Goes to Tom Brown and the Second Curve Capital team for the inspiring message from Clemson CEO Jim Clements. Steve McLaughlin from Financial Technology Partners’ Money 2020 party. talent market.

Community 216

Community Fintech Industry Innovation 216

Fintech Labs Insights

SEPTEMBER 16, 2014

Forbes Fortune FTV Capital Gartner Goldman Sachs IBM Intuit Jack Henry JP Morgan Chase KPMG Liberty Mutual MassMutual MasterCard MACU New York Life Nordea Oliver Wyman Paypal Polaris Partners Primerica PwC QED Investors RBC Regions Bank Rockland Trust.

St. Louis 20

St. Louis San Francisco New York Capital 20

William Mills

SEPTEMBER 9, 2016

Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. He has more than 30 years of experience in financial technology and is a recognized leader in financial and technology marketing. I really like these guys.

social media 40

social media ATM Mobile Customer Experience 40

CB Insights

OCTOBER 31, 2019

Slack launched its own $80M chatbot fund, partnering with leading VCs including Spark Capital, Index Ventures, Accel, KPCB, Social Capital, and Andreessen Horowitz. This flurry of activity generated a lot of excitement about the technology’s potential. Fintech: Contract review & bill negotiation. Source: Trim.

Industry 78

Industry Examples Tools Retail 78

PYMNTS

SEPTEMBER 23, 2016

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we explore the Nordic region, where Norway is taking a strong lead across the FinTech landscape. Despite a relatively conservative banking scene and small populations, Nordic countries have been able to excel in the financial technology space.

Fintech 100

Fintech Regional Innovation US 100

PYMNTS

FEBRUARY 2, 2017

For the first time in nearly two decades, Canadian financial technology companies have drawn in a new crop of venture capital funds. Citing data from PitchBook, Reuters reported venture capital financing of Canadian FinTechs was $137.7 We support entrepreneurs and help nurture the ecosystem in the region.

Fintech 100

Fintech Groups Innovation Regional 100

CB Insights

MAY 15, 2019

Acting as a minority investor, Citi Ventures looks for entrepreneurs who are working on next-generation technologies in core business areas like financial services, data analytics, and payments. Capital One — Capital One Labs. Key people: James Patterson, Managing VP & Head of Capital One Labs at Capital One.

Innovation 78

Innovation blockchain Technology Groups 78