Bank Innovation

JANUARY 2, 2019

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. Industry-leading operators, as well as ambitious startups in the banking scene, […].

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Technology Financial Technology Operations Industry 282

Bank Innovation

JUNE 22, 2017

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. However, a new creature has emerged in this process, which can potentially place more roadblocks on a startup’s development journey. ” “One of […].

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Gonzobanker

MARCH 13, 2025

While Elon Musk is making some raving fans and many others nervous slamming through the Beltway, Im reminded of a famous quote of his that truly hits home in todays banking industry: People always think technology just automatically gets better every year, but it actually doesnt.

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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

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Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

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PYMNTS

DECEMBER 29, 2020

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

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Perficient

MARCH 17, 2025

The financial services sector is experiencing transformative changes driven by technological advancements and innovative trends. We are witnessing the integration of AI, the rise of hyper-personalization, and the adoption of advanced digital platforms, all of which are revolutionizing operations and client interactions.

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Trends Analytics Compliance Strategy 221

Accenture: Banking

JANUARY 20, 2022

They face rising client expectations and regulatory requirements, as well as aggressive new fintech competitors. To combat these challenges, banks need to move towards future-ready operations, grounded in the latest technology with people who know how to use it.

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PYMNTS

NOVEMBER 16, 2020

Over the years, that surge in competition gave way to a more collaborative spirit between traditional financial institutions (FIs) and FinTechs as both sides worked to digitize and modernize SMB financing. It is now not only a competitive advantage, but an essential requirement for lenders to operate digitally, said Marceau.

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Lending Technology Capital Meeting 289

PYMNTS

NOVEMBER 23, 2020

Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region. In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy.

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PYMNTS

NOVEMBER 17, 2020

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. Railsbank Lands Funding For BaaS.

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Perficient

FEBRUARY 27, 2025

Digital transformation will remain a powerful force, with advancements in AI and machine learning enabling unparalleled operational efficiencies and hyper-personalized customer experiences. This will require being more inquisitive and innovative compared to previous years, as the adoption of AI and cloud technologies continues to expand.

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PYMNTS

DECEMBER 9, 2020

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. The Outsourced FinTech Opportunity. While an attractive proposition, the shift into the B2B world can’t happen at the flip of a switch.

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Bank Innovation

APRIL 17, 2017

Somehow — despite the increased popularity of fintechs — this seems more likely (or […]. Imagine waking up to an email from your bank saying that all your accounts will be shut down in a month, through no fault of your own. Seems unlikely, doesn’t it? How about getting that same email from a digital-only startup bank?

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PYMNTS

DECEMBER 3, 2020

Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.

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Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Blockchain, robos, lending, investment and more — checkout the roundup of the fintech startups from TechDay NYC below.

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PYMNTS

JULY 7, 2020

This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Finastra Chosen by Community FI. Faster Payments scheme. Surecomp Debuts as-a-Service Offering.

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Bank Innovation

AUGUST 8, 2017

Two distinct streams have surfaced in fintech: passive and active investment. But the active investment strategy for investors is far from dead in fintech. Betterment is the poster child for passive investment, recently booking $70 million in venture funding and has continued to enhance its services.

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PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

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Fintech Payments Data Technology 238

PYMNTS

MARCH 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. Two sources forwarded internal notices about the outage.

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PYMNTS

FEBRUARY 28, 2020

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Companies then, of course, have the operational side of the costs and the associated headcount. FinTechs, such as Modo, handle the technology and the data security issues.

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Perficient

FEBRUARY 12, 2025

As technology advances and consumer expectations shift, staying ahead of these trends is crucial for success. As these AI technologies evolve, they will transform consumer interactions with payment systems, fostering a more inclusive and sustainable financial ecosystem.

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Trends Payments Compliance blockchain 221

Bank Innovation

APRIL 25, 2017

SaaS has helped banks and other traditional financial institutions to take advantage of apps or software offered (commonly) by fintechs, without having to buy or build out the technology. But as fintechs are getting bigger, […].

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Software Fintech Technology Conference 365

Bank Innovation

JUNE 8, 2018

PREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking? That's because most of the daily banking activity has shifted from branches to the smartphone. But that's not to say people don’t use bank branches at all. They do, but not for the same reasons as they […].

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Technology Samsung Operations America 291

PYMNTS

JANUARY 8, 2021

Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often with significant friction. As CFO, Chana explained his strategy for guiding the enterprise toward a more resilient future through FinTech adoption and a forward-looking viewpoint. The Right Technology Fit.

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PYMNTS

NOVEMBER 27, 2019

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. In this week’s roundup of the latest B2B applications of bank-FinTech collaboration and open banking initiatives, PYMNTS looks at new data integration models.

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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. Our new partnership with GME, one of the fastest-growing fintech companies in a key market, will further support this strong digital growth.”. Money transfer company MoneyGram International Inc.

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PYMNTS

DECEMBER 1, 2019

FinTech is helping to transform daily consumer life in Nigeria and other developing markets. FairMoney , a consumer micro-lending technology company that operates in Nigeria, raised $11 million in September in a Series A round. One recent example comes from Kuda, Nigeria’s first digital-only bank with a standalone license. .

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PYMNTS

FEBRUARY 7, 2020

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. The $13 million raised for U.K. The company will deploy the funding to focus on product development, engineering and global expansion. ClearMetal.

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PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. IBM Acquires Canadian FinTech Expertus. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.

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Technology System social media Payments 240

PYMNTS

JULY 24, 2020

Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. While Revolut has emerged as one of the biggest players in the crowded FinTech sector, it has yet to make a profit. It boasts more than 12 million customers. Last week, Revolut, which recently debuted in the U.S.

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PYMNTS

SEPTEMBER 2, 2020

Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. The program launched in 2018 had grown 280 percent at the time, including more than 140 FinTechs around the world.

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Chris Skinner

MARCH 22, 2017

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system. TechFin is to rebuild the system with technology. What we want to do is to solve the problem of a lack of inclusiveness.”

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PYMNTS

JULY 7, 2020

While banks may be big, slow, lumbering elephants, when they operate as a herd, they can mow down a horse,” said Linville, a former CEO of global cards and consumer services at Citigroup. “I’m He said banks have a leg up on FinTech startups that might find their funding pulled back. What FinTechs And Neobanks Should Do Here.

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PYMNTS

NOVEMBER 20, 2020

For Andy Brown , CFO at education technology company Chegg , there was a plethora of opportunities to embrace by collaborating with third-party FinTech partners. Payables and accounting operations overall — "the machinery of paying and getting paid," as Brown explained — topped the list. You have to find other solutions.".

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PYMNTS

JANUARY 26, 2021

And while the concept initially set its sights on elevating the consumer banking experience, the data integration drive continues to expand into new use cases, including business banking, that open up opportunity through bank-FinTech collaboration and data integration. Citi Drives ISO 20022 Adoption With Volante.

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PYMNTS

DECEMBER 14, 2020

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

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