Bank Innovation

JANUARY 31, 2018

Last year, was big for corporate venture capital?—?$37.4 That’s the total record amount of money invested by the corporate venture capital industry last year in 1,268 financing deals, according to a report from Pitchbook and the National Venture Capital Association released Friday. billion big.

Capital 337

Capital National Industry Report 337

Bank Innovation

JANUARY 22, 2018

While ICOs might be growing more popular as a way of raising capital, the investing method is struggling under its share of problems, including regulatory scrutiny, slow or congested payment methods, and of course, increased activity from hackers and bad actors.

Report 239

Report Course Capital Payments 239

PYMNTS

JULY 23, 2020

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. The new Citi Supplier Finance app will add to the arsenal for the companies looking for electronic onboarding services, Finextra reported.

Capital 178

Capital Mobile Company America 178

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Corporate buyers continue to drive commercial card adoption in order to take advantage of capital float and rewards programs. Iceland Debuts Instant Payments.

Innovation 220

Innovation Payments blockchain Resources 220

PYMNTS

OCTOBER 16, 2020

Venture capital funding landed at startups focused on accounts payable (AP) and cybersecurity this week — with one payables startup raising $23 million in funding. Venture capital funding landed at accounts payable (AP) and cybersecurity technology firms, among other innovators that raised money this week.

Innovation 174

Innovation Capital Security United States 174

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

Perficient

MAY 28, 2020

Oracle’s suite of enterprise applications; ERP, SCM, EPM, and Data & Analytics all lead the industry to new fond levels of efficiency and innovation with special focus on the four desired areas of business outcome below; I. Steering Innovation and Agile Process with Oracle ERP & EPM Applications.

Analytics 340

Analytics Customer Experience Risk Management Mobile 340

PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. Supporting that initiative is Square Peg Capital, which led a $6.3 With a combined $43.3

Capital 161

Capital Fintech Security Operations 161

PYMNTS

NOVEMBER 16, 2020

A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. Thomas Fitzpatrick’s report was leaked on Twitter Friday (Nov. All we know is that price is likely to continue going up.”. Meanwhile, Binance on Monday (Nov.

Bitcoin 296

Bitcoin Regulation Innovation Security 296

PYMNTS

AUGUST 14, 2020

Now, Guo Shuqing, chairman of the China Banking Regulatory Commission, the nation’s top banking regulator, said investors have been saddled with more than 800 billion yuan ($115 billion) in debt from the failed platforms, Bloomberg News reported. 14), per the report.

Lending 315

Lending Regulation Industry Fraud 315

PYMNTS

DECEMBER 22, 2020

Companies seeking to hold initial public offerings (IPOs) on the New York Stock Exchange (NYSE) no longer will be required to let investment banks buy and sell the first shares to hit the market, the Financial Times (FT) reported. 22), FT reported. Securities and Exchange Commission (SEC) Tuesday (Dec. Until today.

New York 285

New York Groups Innovation Marketing 285

PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. The pandemic is also prompting facial recognition companies worldwide to track citizens who may have tested positive for the virus.

Innovation 209

Innovation New York City System Tools 209

PYMNTS

OCTOBER 2, 2020

Scan recent headlines and you’ll see that Equifax bought Ansonia Credit Data; Corsair Capital bought B2B payments solution provider MSTS, and OnDeck was bought out. Against such resistance, good, innovative ideas died and continue to die quickly, he said. Western Union has been public about its desire for acquisitions.

Payments 277

Payments Innovation Capital Fintech 277

Bank Innovation

JUNE 9, 2017

Traditional venture capital is so passé. Blockchain investors are more interested in ICOs, or initial coin offerings, than traditional investment models, according to data from the Coindesk first quarter 2017 State of the Blockchain Report released this week.

blockchain 285

blockchain Capital Data Report 285

Bank Innovation

JANUARY 17, 2018

London bank Standard Chartered has created an investment unit for financial technologies and innovation, the bank reported today. Under the heading ‘SC Ventures,’ the unit will focus on the bank’s existing “minority investments in fintech,” as reported by Reuters, while also searching for new fintech investments.

Fintech 249

Fintech Financial Technology Innovation Report 249

PYMNTS

NOVEMBER 25, 2020

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. Companies that did get funding received only 0.9

Fintech 288

Fintech New York Innovation Industry 288

Bank Innovation

MARCH 6, 2017

As the buzz around blockchain fades, so does the venture capital investment in the sector. Blockchain VC investment plateaued last year, nearing $500 million at yearend 2016 — only a 1% improvement, compared to 2015, according to State of Blockchain 2017 report published by Coindesk today.

blockchain 268

blockchain Capital Report Technology 268

Bank Innovation

APRIL 22, 2019

Neither video games nor dating nor shopping have a stronger pull, in terms of initial mobile app retention than financial apps, according to one report released by mobile app research firm Liftoff.

Mobile 186

Mobile Report Industry Video 186

Bank Innovation

FEBRUARY 14, 2018

According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain. The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech.

National 276

National Fintech blockchain Fraud 276

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. It was one of eight such recipients, the report stated. Now, users can download the bank’s mobile app to establish personal bank accounts in as little as three minutes, according to the report.

Groups 272

Groups Fintech Mobile Report 272

PYMNTS

JUNE 16, 2020

Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital. However, this new injection of capital values Monzo at $1.5

Capital 236

Capital Analysis Digital Banking Report 236

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. Mastercard also rolled out a service to help with working capital and automation. This shows on the bottom line.

Cards 221

Cards Payments Innovation Regional 221

Bank Innovation

DECEMBER 19, 2017

According to a Forbes report, this brings the crypto coin’s year-to-date (YTD) gain above 8,000%. It has a market capitalization of […]. This morning, the cryptocurrency Litecoin reached $360.93, according to CoinMarketCap. Currently, at 10.45

cryptocurrency 284

cryptocurrency Capital Marketing Report 284

Bank Innovation

JANUARY 16, 2018

A round led by Tiger Global, as well as Silicon Valley’s Y Combinator, the influx of capital brings the startup’s total valuation to more than $100 million, TechCrunch reported yesterday. Indian fintech RazorPay has raised $20 million in a Series B for its payments gateway, the company announced yesterday.

Payments 259

Payments Capital Fintech Report 259

Bank Innovation

FEBRUARY 5, 2018

The funding, led by London-based VC Inception Venture Capital, will be used to further expand Penta’s team, as well as product development, as reported today by TechCrunch. Berlin-based challenger bank Penta has raised €2.2 million (or $2.7 million) in seed funding, the bank announced today.

Capital 253

Capital Report Online Fintech 253

PYMNTS

JANUARY 7, 2021

Digitally native mattress and home goods brand platform Resident landed a $130 million investment headed up by Nexus Capital Management and Ion Crossover Partners with participation from Baron Capital Group in Q4 of 2020, according to a Thursday (Jan. In separate news, digitally native sleep company Purple Innovation, Inc.

Capital 217

Capital Strategy Branding Operations 217

Bank Innovation

MARCH 29, 2019

According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into […]. Challenger banks are posing a real threat to traditional banks. How real of a threat?

Report 210

Report Apple Google Operations 210

PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Digital small business insurance provider Next Insurance is negotiating an arrangement to bring in new capital that would reportedly value the FinTech upstart at $2.25

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

AUGUST 24, 2020

The new advanced reporting dashboards will offer "comprehensive Business Intelligence (BI) reporting services" to give better visibility into data for invoices, profitability and resource efficiency.

Cards 246

Cards Fintech Resources Data 246

Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

Strategy 243

Strategy US Taxes Capital 243

PYMNTS

FEBRUARY 7, 2020

In PYMNTS’ latest B2B venture capital roundup, which yielded $75 million in new funding, startups embraced distributed ledger technology for B2B payments and supply chain management, with 80 percent of total funding landing at blockchain companies.

blockchain 247

blockchain Fintech California System 247

Bank Innovation

SEPTEMBER 11, 2017

finance ministers will meet Friday in Tallinn, the Estonian capital, according to a Reuters report. The report states: The EU fintech market […].

Fintech 225

Fintech Industry Meeting Capital 225

PYMNTS

DECEMBER 23, 2020

billion securities offering that was not registered, CNBC reported. The agency is suing Ripple , along with CEO Brad Garlinghouse and Co-Founder Chris Larsen, according to the report. million to roll out Polkadot's inaugural decentralized data cloud infrastructure, Decrypt reported.

Bitcoin 215

Bitcoin Security Capital ATM 215

PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

Fintech 198

Fintech Capital San Francisco Georgia 198

Bank Innovation

JULY 28, 2017

According to a report by CB Insights, released earlier this week, venture capital-backed fintech companies across the globe raised a total of $5.2 This year could be the year that VC- backed fintech investment deals and funding reach an all-time high. Billion across 251 deals in the second quarter of this year.

Fintech 255

Fintech Capital Report Company 255

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

Security 189

Security Capital Software Analytics 189

PYMNTS

OCTOBER 26, 2020

Food delivery app DoorDash is working alongside California-based Burma Superstar for a brick-and-mortar store, according to a report from The Verge. The Verge, quoting local media, reported the menu items will be priced between $12 and $19. The Verge, quoting local media, reported the menu items will be priced between $12 and $19.

California 195

California Capital Regional Innovation 195