Perficient

JULY 11, 2022

When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print. 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. According to Kristen E.

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Chris Skinner

APRIL 11, 2017

Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation. Sincere bleats, Andres Wolberg-Stok, Global Head of Policy, Citi FinTech, New York Thanks Anders. I blogged recently about American banks beating up the regulators to stop account access via APIs. Well, they don’t.

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PYMNTS

OCTOBER 8, 2020

Also seen in this week’s roundup of the latest in Bank-FinTech innovations was Alacriti teaming with The Clearing House on real-time payments (RTP), while Singapore Banking-as-a-Service (BaaS) startup RootAnt concluded a seed round with $1.46 In addition, Monese adopted Thought Machine’s cloud banking platform.

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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. Terms of the deal were not disclosed.

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Payments Dive

DECEMBER 4, 2023

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

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PYMNTS

FEBRUARY 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank.

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Bank Innovation

MARCH 23, 2020

Financial-technology firms including PayPal Holdings Inc. are lining up to help speed lending to small businesses during the coronavirus crisis — and are pushing for a slice of emergency U.S. government funding. and to permit the firms to […].

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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.

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PYMNTS

MAY 6, 2020

FinTech payments startup Nium , based in Singapore, is getting a new round of funding led by new investors Visa and BRI Ventures. which complement our own and can help us ship faster in markets we are bullish on,” Nanu said. The size of this latest round was not disclosed. InstaReM rebranded to become part of Nium in October 2019.

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PYMNTS

SEPTEMBER 22, 2020

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data. Cape Wields Open Banking For Corporate Cards.

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Payments Dive

AUGUST 26, 2024

The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

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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. “Our

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Bank Innovation

MARCH 27, 2020

In a week that saw the coronavirus pandemic amplify in the United States, the fintech sector continued to weather economic dislocation and uncertainty. But even amid this uncertainty, fintech companies began formulating strategies to help banking and consumers emerge from the crisis with better tools and solutions.

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PYMNTS

OCTOBER 12, 2020

The FinTech, which claims London as home, is likely to apply for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within the next few weeks, people with inside information told CNBC. The nature of the market for FinTech startups breaking into the larger U.S.

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PYMNTS

FEBRUARY 26, 2020

26) that Enfuce — Finland’s largest FinTech startup — is implementing the Featurespace ARIC Risk Hub to protect its clients from cyberattacks. Founded in 2016 by Denise Koskinen and Monika Liikamaa, Enfuce offers payment and open banking services to more than 8 million banks, FinTechs, financial operators, and merchants. .

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PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. The silver lining for us has been Jack Henry,” Waterhouse told Webster.

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PYMNTS

OCTOBER 29, 2020

With more and more FinTechs introducing their own banking services, the competition is heating up. Small business lending platform BlueVine is the latest FinTech to take this path, having taken the wraps off of its banking solution this week with the launch of BlueVine Business Banking. Plus, the U.S. TrueLayer Launches in Australia.

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Bobsguide

JUNE 4, 2020

Investment in UK fintechs expanded by 500 percent over the past five years, eclipsing levels in the US – which recorded 170 percent growth over the same period - and Europe, which recorded a 133 percent increase. A recent report has also found that UK fintechs received the greatest.

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PYMNTS

JANUARY 18, 2021

Singapore-based FinTech Grab is mulling a U.S. initial public offering of at least $2 billion in the wake of failed merger talks with Indonesian rival Gojek. Sources told Reuters that Grab is looking to take advantage of the red-hot IPO market in the U.S. The pricing, size and timing of the deal have yet to be determined.

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Bank Innovation

FEBRUARY 4, 2020

based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month.

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Bank Innovation

JANUARY 15, 2020

German savings and investment platform Raisin has acquired Madrid-based Choice Financial Solutions in an effort to integrate with U.S.-based based financial providers. Terms of the deal were not disclosed. Berlin-based Raisin aims to offer U.S.

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PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). The FinTech has been operating in those markets for over 12 years. “It

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PYMNTS

AUGUST 10, 2020

Mercari did this in much the same way FinTechs are conquering finance: by breaking out one discrete function — like peer-to-peer (P2P) transfers — and making that the whole business. Modernizing The Marketplace. Marketplaces are a maturing model, which means there’s room for innovators to move in with clever products.

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PYMNTS

JULY 15, 2020

European FinTech Revolut, which recently debuted in the U.S. In order to expand our crypto offering to US customers, we had to find a trusted partner,” Nik Storonsky, founder and CEO of Revolut, said in the press release. “We In a Wednesday (July 15) press release, Paxos Trust Co. Revolut made its U.S.

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PYMNTS

JANUARY 31, 2021

FinTLV , a Tel Aviv-based fund that specializes in FinTech and InsurTech companies in their “growth stage” phases, announced in a press release that it has closed a new $120 million fund, FinTLV II. The parent fund already invested $200 million in the space, according to the release. The leading InsurTech companies drive this revolution.

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Accenture

DECEMBER 19, 2022

Accenture conducted a survey of over 300 US businesses about their treasury functions, and the findings in our new report, “Unlock the treasury management treasure chest,” will be of particular…. The post Drive treasury and capitalize on fintech rise appeared first on Accenture Banking Blog.

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Gonzobanker

DECEMBER 8, 2021

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. According to CB Insights, US fintechs raised $14.6B Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades.

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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. For instance, Chegg already uses NetSuite's ERP system, and the company adopted additional functionality offered by NetSuite for a more seamless adoption process.

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PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. Wells Fargo & Envestnet. “We

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PYMNTS

JANUARY 26, 2021

L’Occitane’s US Unit Enters Bankruptcy As Part Of Lease Negotiations . FinTech AutoFi Launches Division For Businesses That Offers Financing Services. NY Fed: US Consumer Optimism Surges For Long Term. In today’s top retail news, the U.S. L’Occitane’s U.S. division has filed for Chapter 11 bankruptcy in New Jersey.

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PYMNTS

DECEMBER 23, 2020

That way, younger consumers can learn how to use money in a digital world for spending, but also how to manage it better as they get older — all while still being overseen by their parents. We're asking a parent to entrust us with their kids' financial future,” MacDonald said. “We We don't take that lightly.

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Bank Innovation

MAY 14, 2018

In the US, we have PayPal-run P2P platform Venmo, and the bank-backed Zelle, among many others. Over the past few years, mobile payments has become a service that customers expect from their banks, FIs and e-commerce platforms. Most countries have their own idiosyncratic mobile payment platforms.

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PYMNTS

FEBRUARY 28, 2020

Paystand is another firm utilizing blockchain in the B2B FinTech arena, tapping into the technology to streamline B2B payments with its payments-as-a-service solution. Eight Roads led the round, with Telekom Innovation Pool, HKT, Telefónica Innovation Ventures and Singtel Innov8 also participating.

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PYMNTS

JULY 2, 2020

You have to come to an agreement with data aggregators, for example, or individual FinTechs that enable customer information to be accessed securely and in the right way and manage all the appropriate risks that are part of all of that,” Gaston noted. Both of these challenges are going to be incumbent on banks to address, as the U.S.

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PYMNTS

NOVEMBER 24, 2020

FinTech startup Plaid is partnering with banking platform Jack Henry & Associates to advance the Plaid Exchange for more than 350 financial institutions (FIs). “We It gives banks, wealth managers, and FinTechs a way to offer stable solutions to connect accounts to apps and services. . “At

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PYMNTS

JANUARY 8, 2021

As CFO, Chana explained his strategy for guiding the enterprise toward a more resilient future through FinTech adoption and a forward-looking viewpoint. It's one thing for an organization to adopt FinTech solutions and platforms that can enable workflows to continue while professionals work from home. Digital Roots. Eyes Forward.

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Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.

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