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

Accenture: Banking

APRIL 4, 2017

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. Read the report. As human interactions become rarer in banking, the importance of each one going well increases.

Technology 173

Technology Trends Survey Customer Experience 173

PYMNTS

JULY 1, 2020

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . The launch, first reported by Les Échos, is expected to be revealed by the 24 banks as early as Thursday (July 2). .

System 327

System Payments Cards Groups 327

PYMNTS

MARCH 5, 2019

The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, according to reports. The system would involve users paying for online purchases using QR codes, and it would be the first time Amazon offered the technology in the country.

System 173

System Mobile Report Payments 173

PYMNTS

JUNE 25, 2020

the British financial technology company headquartered in London, has added American Express to its open banking platform. In May, PYMNTS reported Revolut said it will integrate its products with Clear Books, which offers accounting software for small businesses. Revolut Ltd.,

Fintech 309

Fintech Financial Technology Software Company 309

CFPB Monitor

MARCH 14, 2023

The Government Accountability Office (GAO) has issued a new report entitled “Financial Technology: Products Have Benefits and Risks to Underserved Consumers, and Regulatory Clarity Is Needed.”

Fintech 145

Fintech Report Financial Technology Lending 145

PYMNTS

JUNE 23, 2020

Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. billion euros ($2.1

Fraud 318

Fraud Analytics Report Financial Technology 318

Bank Innovation

APRIL 17, 2018

Americans prefer paying with EMV chip cards to swiping their cards or even paying with cash, according to a recent survey from financial technology solutions provider Fiserv. According to the report, released last week, 36% of the people surveyed said they preferred EMV chip cards to other payment methods.

Cards 199

Cards Payments Survey Financial Technology 199

CFPB Monitor

MAY 21, 2021

The California Department of Financial Protection and Innovation announced earlier this month that it has hired Christina Tetreault to lead the new Office of Financial Technology and Innovation. Tetreault most recently served as Manager of Financial Policy for Consumer Reports. Tetreault, Ms.

Financial Technology 78

Financial Technology Innovation Technology California 78

Abrigo

FEBRUARY 25, 2025

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. Among large banks, 42% currently use financial technology in small business lending, compared to 30% of small banks, according to the FDIC.

Lending 195

Lending FDIC Policies Analysis 195

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. In 2021, the Standish Group reported that 83% of I.T.

Technology 142

Technology Regional Community Bank Community 142

PYMNTS

FEBRUARY 23, 2020

Joining forces would have the benefit of allowing both companies to hone their recommendations to customers, as the amount of financial data they have access to would be greatly expanded.

Report 180

Report Taxes Online Financial Technology 180

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.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

Report 140

Report Cards Millennials cryptocurrency 140

PYMNTS

JULY 27, 2020

The Wall Street Journal reported on Monday (July 27) that Visa and Mastercard each fined Wirecard in excess of $10 million more than a decade ago for suspicious transactions. Visa and Wirecard declined to comment, according to the report. Typically, merchants pay 2 percent to 3 percent transaction fees for U.S. credit card purchases.

Report 151

Report Fraud Cards Financial Technology 151

PYMNTS

NOVEMBER 5, 2020

By buying Plaid, Visa would reportedly gain access to 200 million consumer bank accounts and 2,600 financial technology apps that would help the company further push into areas like real-time payments and digital wallets. However, Visa rejects the Justice Department’s claim that that would create an illegal monopoly.

US 343

US San Francisco United States Policies 343

PYMNTS

JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Wirecard did not return a request for comment, Bloomberg reported. At issue is $2.1 billion that may not exist.

Risk Management 254

Risk Management Fraud System Report 254

PYMNTS

JANUARY 24, 2020

However, Japan is not likely to issue crypto in the near future because of the legal and technical obstacles, Reuters reported. The news comes after it was reported that the People’s Bank of China (PBOC), the central bank of China, said it had completed the “top-level” design of its proposed cryptocurrency.

cryptocurrency 252

cryptocurrency Financial Technology Report Groups 252

Payments Source

JANUARY 5, 2021

Divvy, the financial-technology company that offers corporate cards and expense-management software to small businesses, said it’s now valued at $1.6 billion after raising money from investors including PayPal Holdings Inc.

Report 120

Report Fintech Financial Technology Software 120

PYMNTS

SEPTEMBER 29, 2020

With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant,” said Paul Stoddart , Mastercard president of new payment platforms. Payments giant Mastercard, based in Purchase, N.Y.,

Payments 248

Payments System cryptocurrency Regional 248

PYMNTS

FEBRUARY 20, 2020

Green Dot reported its earnings for its fourth quarter ending Dec. The company also reported non-GAAP total operating revenues of $238.4 based financial technology and bank holding company that operates in the realm of “branchless” banking or using a bank without actually going to a particular financial institution.

Report 130

Report Operations Taxes Study 130

PYMNTS

JANUARY 26, 2020

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. It has utilized a number of services including AXS Access, Check!,

Fintech 247

Fintech America Capital Regional 247

PYMNTS

JANUARY 25, 2021

In today’s top digital-first banking news, German neobank N26 has hired a new chief financial officer (CFO) as it eyes a future initial public offering (IPO), while FinTech app Goalsetter has raised $3.9 N26 has brought Dr. Jan Kemper on board as its new CFO as the Germany-based financial technology firm eyes a future possible IPO.

Phoenix 187

Phoenix Financial Technology Fintech Report 187

PYMNTS

JUNE 23, 2020

GME) one of the largest payment financial technology companies in South Korea, according to a Tuesday (June 23) announcement by MoneyGram. Last month, Dallas-based MoneyGram reported its digital transactions grew by 57 percent in the first quarter, compared to Q4 of last year. Money transfer company MoneyGram International Inc.

Fintech 250

Fintech Dallas Financial Technology Report 250

PYMNTS

OCTOBER 11, 2018

Mitek Systems , the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management , the hedge fund and ASG Technologies , the software company. The report noted the price of the offer hasn’t been learned. In a letter last week to Mitek’s board, ASG urged it to consider merger talks.

System 108

System Technology Management Montana 108

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

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. The company said that the move was an effort to promote more “rational” spending habits among users, Reuters reported. Ant is the financial arm of Alibaba, which could be the world’s biggest eCommerce company. The company did not elaborate.

Groups 242

Groups Cards Regulation Fintech 242

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.

Fintech 248

Fintech Cards Management Regional 248

PYMNTS

JUNE 29, 2020

s proposed Libra, CoinDesk reported. This is a good chance for Europe to strengthen its international standing and to become a global standard-setter, with European companies leading new technologies for digital finance,” he said. A decision on its coins, seen as a competitor of Bitcoin, is expected this year.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. of India (NPCI). percent business stake per news in January. Zomato was valued at $3.55

San Francisco 186

San Francisco Fintech Analytics New York 186

PYMNTS

NOVEMBER 21, 2019

Since Ubisoft is already a leader in the games industry, and shows commitment to probe blockchain as a viable technology for games, we are very excited to be announcing our first cooperation of this kind with them,” said Nicolas Gilot, Co-CEO of Ultra, in a statement.

Bitcoin 130

Bitcoin blockchain Report Payments 130

PYMNTS

MARCH 23, 2017

The European Commission is hoping to consult with the public concerning the growing market of financial technology as the agency looks to manage policies in the sector. Last year, the commission setup its financial technology task force in response to the effects of digital innovations changing the banking industry.

Fintech 187

Fintech Policies Innovation Financial Technology 187

PYMNTS

NOVEMBER 17, 2020

Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. banking license.

San Francisco 264

San Francisco Digital Banking Financial Technology Innovation 264

PYMNTS

AUGUST 12, 2019

According to Reuters , SoftBank “is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company’s interest in Mexico as it pours money into Latin America. The latest evidence of that comes via Japan-based SoftBank.

Trends 115

Trends Online Report America 115

PYMNTS

JANUARY 26, 2021

Bloomberg reported that People’s Bank of China Governor Yi Gang said regulatory agencies are, in relation to Ant, still looking into issues surrounding potential monopolies. While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank.

Regulation 238

Regulation Groups Online Financial Technology 238

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

blockchain 236

blockchain Innovation System Financial Technology 236

Perficient

JULY 11, 2022

Affirm says on its website that it sometimes reports users’ payment history to Experian, and it “may report loans with delinquent payments.” This illusion of feeling more financially secure than one is that often comes with using BNPL services is where they garner a lot of criticism, however.

Fintech 474

Fintech Trends Apple South Dakota 474