PYMNTS

FEBRUARY 5, 2020

The European Union (EU) has levied $126 million USD in fines in that brief time, the biggest against Google at $57 million. That sum is more like a friendly reminder to Google, which did $40 billion in revenue in Q3 2019. But Google makes most of its money through ads, so the GDPR slap did not go unnoticed by parent company Alphabet.

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PYMNTS

DECEMBER 26, 2018

Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services. Earlier this month Revolut , the U.K.

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Chris Skinner

OCTOBER 2, 2017

I’ve said continually that firms like Google and Amazon will never open a bank. appeared first on Chris Skinner's blog.

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Chris Skinner

MARCH 18, 2019

Google and more have been told they’re not hiring enough women, and Amazon’s AI engine recently trained itself to ignore women’s applications based on historical hiring. … The post Women in FinTech: do you care? appeared first on Chris Skinner's blog.

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PYMNTS

AUGUST 12, 2020

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. Nium’s Google Pay announcement, according to the release, will help it become more accessible across the world.

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Bank Innovation

MARCH 29, 2016

Google is offering up its machine-learning infrastructure to “cool fintech startups.” ” The Google Cloud Computing allows for massive — and we mean massive — database queries, and offers the infrastructure to build deep machine-learning at scale.

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PYMNTS

AUGUST 14, 2020

The relationship between traditional banks and the slate of FinTechs that have arisen over the past decade hasn’t always been one of enthusiastic cooperation. It also spurred new models of cooperation between banks and FinTechs in areas like investments, acquisitions, co-marketing, white-labeling and embedding solutions, Moldovan said.

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Bank Innovation

FEBRUARY 20, 2018

Google has been on a mission to bring all its payment tools under the Google Pay brand, and today that includes Android Pay. Google said today that it has launched Google Pay for Android.

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Bank Innovation

DECEMBER 15, 2017

Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass.

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Chris Skinner

DECEMBER 12, 2018

He’s not worried about Amazon, Google or Alibaba; he’s not concerned about FinTech start-ups, Revolut or Monzo; he doesn’t really care about Open Banking and software; as for machine learning, artificial intelligence (AI) and … The post Compliance will kill the bank appeared first on Chris Skinner's blog.

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PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

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Bank Innovation

APRIL 11, 2018

National Australia Bank (NAB) today added Google Pay to its roster of mobile payments services. NAB customers can now use Google Pay to make contactless payments. On its digital payment services, NAB currently has NAB Pay, which works on Android devices, NAB PayTag for iOS devices, Samsung Pay, Fitbit, and Garmin wearables.

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Chris Skinner

MAY 5, 2017

His latest piece is his take on FinTech, which has the main headline that FinTech is taking away frictions in finance. Google, Apple, Facebook and Amazon [GAFA]. Larry Summers, former director of the National Economic Council for President Barack Obama, writes a regular column in The Financial Times.

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PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 According to the FinTech, the “malicious party” gained access to user passwords “stored in hashed form using bcrypt , an industry-recognized hashing algorithm.”.

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PYMNTS

NOVEMBER 13, 2019

Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ) reported on Wednesday (Nov. The branding will reflect the financial institutions and not Google. “Our It may be the slightly longer path, but it’s more sustainable.”.

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PYMNTS

FEBRUARY 26, 2020

Melding financial services and technology yields, of course, FinTech. Dimon has said that the motivation stems from competition from a range of firms such as Amazon and Google, and small FinTechs. That’s the world we are going to face, and we’re prepared,” he said. In the meantime: Let the guessing games begin.

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Bank Innovation

OCTOBER 18, 2018

Banks need not fear large technology companies like Google or Apple taking their business. Digital banking continues to be the most convenient option for simple daily transactions, but branches are still necessary for the more complex ones And yet banks should not ignore the shift in banking habits brought on by non-bank technology companies.

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Google Apple Survey Digital Banking 225

PYMNTS

SEPTEMBER 15, 2020

Kikkeri said that’s why FIs must consider how to leverage their FinTech partnerships and push to market the digital services that customers have become habituated to in the past six months. Getting Ready To Fight Off Apple And Google. That’s where FinTechs can come in.

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PYMNTS

NOVEMBER 12, 2020

urged antitrust regulators to act fast in enforcement toward Google. Google Critics From US, UK Demand Prompt Antitrust Enforcement. as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible.

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Bank Innovation

MARCH 5, 2019

Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, a major FI like Spanish bank Santander hired a former Google executive to create new products, while smaller fintechs are opening up shop in new markets to drive growth. Nordea Bank CEO Casper von Koskull […].

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PYMNTS

NOVEMBER 10, 2020

The FinTech also has eCurrency licenses in Lithuania and the U.K. The company has also recently launched new solutions — payment links and invoicing options; the eCommerce suite SumUp Online Store; and gift card partnerships with Google, Facebook and Instagram.

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Fintech Regulation Cards Google 245

PYMNTS

OCTOBER 22, 2020

Google has teamed with Unifiedpost on a collaboration that could allow Google's Procurement DocAI Solution applied on a much wider scale to over 400,000 businesses in Europe, a report from ZDNet says. Nelson Gonzalez , product manager at Google Cloud, said the area the partnership intends to tackle is a busy one.

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PYMNTS

OCTOBER 21, 2018

JPMorgan Chase is doubling down with its FinTech aspirations, gearing up to start development of a new FinTech corporate campus in the early part of 2019. The campus will be located between Facebook and Google in the Stanford Research Park.

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PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. China has become an emerging FinTech market due to its expanding middle class, rapid digitization and electronic payments adoption.

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PYMNTS

FEBRUARY 19, 2019

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude about the space. based FinTechs said they have garnered more than 200 million pounds. FinTech trade body, said that as much as $3.3 FinTech Efforts in Estonia.

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PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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PYMNTS

AUGUST 10, 2017

Banks and FinTech companies have a complicated history. While traditional banks offer a more established and tested set of products, the offerings of newer FinTech companies — such as real-time data, streamlined payments and quick notifications — are helping these new players encroach on banks’ territories. Why the tension?

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PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The regulation is top of mind, especially for European Union companies, and FinTechs are stepping up to the plate to help their customers comply with its components from a product perspective.

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PYMNTS

AUGUST 11, 2020

Klarna , the Swedish global payments and eCommerce platform, has introduced Google Pay for in-store purchases in the U.S. Sephora, Journeys and rue21 are among the first Klarna merchants to offer Google Pay in addition to Apple Pay, providing flexibility, security and contactless payments to customers. “We’re million U.S.

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PYMNTS

SEPTEMBER 11, 2019

Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. Tech innovation is on the move in the country, with increased attention from Big Tech companies like Google and digital startups like Chipper Cash , a no-fee, cross-border payment company that launched there earlier this month.

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PYMNTS

APRIL 24, 2020

Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. however, funding for FinTechs actually increased to $3.7 B2B FinTech investments appear to be relatively strong, too. In the U.S., billion, compared to $3.6 KarbonCard.

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Chris Skinner

APRIL 15, 2019

The article says that Amazon and Alphabet / Google are far more interested in serving banks with cloud and advertising, rather than competing with them, … The post Why Chinese TechFin is the exception and not the rule appeared first on Chris Skinner's blog.

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PYMNTS

NOVEMBER 23, 2020

At that time, many FinTech and Big Tech players had begun to integrate this kind of functionality into their own apps to keep users engaged and sticky, even if they didn’t call themselves “super apps.” Google Pay Goes Super. The Google Pay redesign also included the integration to their “Smart DDA” called Plex.

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Google Apple Payments Innovation 276

Chris Skinner

AUGUST 21, 2019

We have our cars and homes networked but, more than this, we have gadgets like Google Home, Siri and Alexa. The term The Internet of Things (IoT) was first used twenty years ago. Twenty years later, IoT is emerging rapidly.

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PYMNTS

JULY 7, 2020

He said banks have a leg up on FinTech startups that might find their funding pulled back. Against that backdrop, FinTechs will likely realize they need additional capabilities and skills that might more closely mirror traditional banking, he said, adding that things will become especially challenging as a correction looms. “I

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PYMNTS

JANUARY 12, 2021

London-based FinTech startup Curve has raised $95 million in Series C funding led by IDC Ventures, Fuel Venture Capital, and the investment division of Vulcan Capital, launched from the estate of Microsoft co-founder and philanthropist Paul G. Founder and Curve CEO Shachar Bialick said in a press release on Tuesday (Jan. headquarters.

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PYMNTS

FEBRUARY 19, 2019

To streamline FinTech, and to help consumers and businesses transact in the ways they desire, firms must move beyond the silo approach. Rapyd’s approach and goal is to become the Amazon Web Services of FinTech, the company has said. He also noted that, across FinTech today, “a siloed company exists for each of those services.”.

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