PYMNTS

FEBRUARY 28, 2020

Capital One is going to increase its focus on digitization and close 37 branches around the U.S., according to a report by Yahoo Finance. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. Net income CAGR was 8.2 percent throughout the same time period.

Capital 209

Capital ATM Customer Experience Cards 209

PYMNTS

NOVEMBER 10, 2020

Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.

Capital 218

Capital Management System Examples 218

PYMNTS

AUGUST 13, 2020

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. seconds on average through EMV 3DS.

Technology 248

Technology User Experience Fraud Comparison 248

Abrigo

OCTOBER 22, 2024

It’s about supporting the people who safeguard banks and credit unions from the growing threats of financial crime and who keep capital flowing to small businesses and families. Federal Trade Commission (FTC) reported consumers lost more than $10 billion to fraud alone in 2023. Staying on top of fraud is a full-time job.

Security 221

Security Fraud Community National 221

PYMNTS

DECEMBER 18, 2020

The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. India-based Arya , which offers post-harvest services throughout the agricultural value chain, said that it landed $21 million in a Series B financing round, according to a TechCrunch report. CloudTrucks.

Capital 192

Capital Company Washington Resources 192

Abrigo

NOVEMBER 13, 2024

Businesses' working capital cycles are longer. Longer working capital cycles drive line utilization Businesses are holding inventory longer (81 days in 2023 vs. 72 in 2019) and extending receivables (31 to 41 days). Companies need more working capital, but they’re still paying their suppliers as they should.

Lending 221

Lending Meeting Data Risk Management 221

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

PYMNTS

JULY 26, 2020

The Wall Street Journal ( WSJ ) reported. Four years ago, the eCommerce giant’s venture capital fund invested in the Seattle-based company and gained access to the technology startup’s finances and other confidential information. Daniela Braga , founder and CEO of DefinedCrowd Corp., They are a wolf in wolf’s clothing.”.

Company 205

Company Report San Francisco Seattle 205

Perficient

MARCH 17, 2025

The financial services sector is experiencing transformative changes driven by technological advancements and innovative trends. Recommended Approach: To capitalize on the rise of embedded finance , financial institutions should focus on several key strategies. We are trusted by leading technology partners and mentioned by analysts.

Trends 221

Trends Analytics Compliance Strategy 221

PYMNTS

JANUARY 14, 2021

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. PYMNTS reported that many businesses, even lone mom-and-pop organizations, are becoming parts of ecosystems, which offer support via a number of integrated services like the ability to accept payments.

Technology 168

Technology Capital Branding Innovation 168

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. billion in loans had been approved.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Current investors from A91 Partners, MAJ Inevst, LGT Lightstone and Falcon Edge Capital also participated.

Capital 288

Capital Lending Cards United States 288

PYMNTS

NOVEMBER 24, 2020

Other companies are leveraging advanced technologies like artificial intelligence (AI) and machine learning to boost their onboarding solutions. Technology giant IBM and Dublin-based client lifecycle management solutions company Fenergo recently partnered to use AI and analytics on the IBM Cloud to help FIs more easily onboard customers.

Online 272

Online Report Customer Experience Analytics 272

PYMNTS

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said.

Report 173

Report Digital Banking Technology Lending 173

PYMNTS

JULY 21, 2020

Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. Capital One said its domestic cards’ average loans fell 11 percent to $101 billion as of the quarter’s end. billion, the bank reported in its supplemental earnings materials.

Cards 240

Cards Capital Survey Report 240

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

NOVEMBER 19, 2020

Venture capital cash has been flowing this year to companies that plan to buy up sellers on Amazon and help them grow. The latest such deal has Berlin-based SellerX landing 100 million euros ($118 million) of financing, reported Tech.eu. The firm will use the funds to acquire Amazon sellers and then build up their businesses.

Capital 281

Capital Marketing Branding Groups 281

Abrigo

FEBRUARY 25, 2025

But these businessesoften the backbone of their communitiesdepend on access to capital. The speed advantage may be due to large banks greater use of automated lending technology, the FDIC said, although large banks increased reliance on hard credit-scoring information may also play a role.

Lending 195

Lending FDIC Policies Analysis 195

PYMNTS

JANUARY 26, 2020

Alcanza Capital and Bontu. As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says.

Fintech 247

Fintech America Capital Regional 247

PYMNTS

SEPTEMBER 18, 2020

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. eFileCabinet.

San Jose 226

San Jose Capital Utah Operations 226

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. In other news, the U.S.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

JULY 17, 2020

A new report provided by Buy Shares found global FinTech funding was less than $4 billion during Q2, compared to about $5.8 Local reports in Naija247News noted the company aims to digitize retail supply chains and address the industry’s fragmentation as it looks to expand into new markets on the continent. TradeDepot.

Fintech 225

Fintech Capital Fraud Cards 225

PYMNTS

DECEMBER 18, 2020

reported Friday (Dec. Darden CEO Gene Lee said that the company, which owns the Olive Garden, LongHorn Steakhouse, the Capital Grille and other sit-down chains hit hard by the pandemic, focused on four priorities during the quarter. Darden Restaurants, Inc. 18) as part of its fiscal Q2 2021 earnings that total sales dropped 19.4

Report 201

Report Operations Customer Experience Capital 201

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Bank connectivity is one of the most complicated aspects of an ERP project. Payment fraud is now a high-priority concern.

Risk Management 309

Risk Management Fraud Management Compliance 309

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

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. Volante Technologies. with total funding nearly reaching $391.25 million this week.

Fintech 251

Fintech Capital New Jersey Payments 251

PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. Mexico, Nigeria and Tanzania, and it is in the midst of trying to expand to other such bank networks in Europe, Asia and Africa, according to Blue Star, per the report.

Payments 248

Payments blockchain Maine Compliance 248

PYMNTS

OCTOBER 6, 2020

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

Los Angeles 294

Los Angeles New York Financial Technology Trends 294

PYMNTS

AUGUST 23, 2020

Goldman Sachs is pondering a $2 billion venture and growth fund that could boost its stature in the world of technology investing, sources told Bloomberg. The amount of the fund being $2 billion would make it one of the largest in the field, Bloomberg reported. It could help Goldman Sachs court bigger investors and investments.

Capital 250

Capital Management Report Technology 250

PYMNTS

SEPTEMBER 18, 2020

Another 62 percent of businesses and 78 percent of individual sellers in the study (which included more than 1,000 businesses and individuals generating up to $10 million in sales) reported that they use marketplaces to reach more customers. Roughly 27 percent of surveyed firms report waits of between three to five days.

Online 354

Online Survey Maine Study 354

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

PYMNTS

JANUARY 8, 2021

Investors at IAN led the round, while TCA and several angel investors also participated, according to reports. also participated, reports said. According to reports, the company's most recent investors include a follow-on investment from the Greater Manchester Combined Authority. million funding round for the firm.

Fintech 203

Fintech Capital Lending Operations 203

PYMNTS

JANUARY 26, 2021

The financial institution (FI) revealed last week that it is working with Volante Technologies to accelerate its ISO 20022 adoption, leaving Citi to become Volante’s first banking customer to take a unified approach to its global migration to the messaging standard. HashCash Brings Blockchain Tech To Unnamed Bank.

blockchain 355

blockchain Data Fintech Technology 355

PYMNTS

AUGUST 3, 2020

Apple has purchased Canadian company Mobeewave , which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. The acquisition follows Apple’s pattern of buying startups to assimilate new technology into its own products. The deal went down for $100 million, according to sources quoted by Bloomberg.

Apple 294

Apple Samsung Cards Payments 294

PYMNTS

JUNE 22, 2020

A 24-year veteran of the restaurant technology scene, Kabakoff is charged with leading Lunchbox’s efforts to expand the company’s presence and the adoption of its digital ordering platform by the industry. The hiring comes on the heels Lunchbox’s most recent capital campaign, which raised $2 million in seed funding.

New York 326

New York Marketing Strategies Customer Experience Maine 326

South State Correspondent

JANUARY 22, 2025

Luckily, you can turn to gen AI to help you in your planning, as the strategic process is just one of the many bank processes that bankers can improve with this technology. While the risk is overconfidence in its recommendations, the technology can quickly synthesize data into a clear recommendation.

How To 195

How To Data Training Tools 195