PYMNTS

DECEMBER 11, 2019

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. Because their mobile money wallets lack a virtual or physical network credential associated with them, in general they can not work with international use cases. But that might be changing, as today (Dec.

Cross-Border 57

Cross-Border Credential Online and Mobile Banking Push-to-Card 57

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

CB Insights

MARCH 7, 2019

Startups are building applications for the 66% of citizens in Sub-Saharan Africa that are unbanked, according to the World Bank. Join us for a live briefing as we take a look at some of the most important trends happening in payments, both at the physical point-of-sale and online. live briefing: Payments Trends to Watch in 2019.

FinTech 51

FinTech Online and Mobile Banking Payments Trends Research 51

PYMNTS

JULY 18, 2019

Frechette traced that trend back to consumer preferences that have been set by the increasing pace of online and mobile commerce and payments — not just by Amazon, but pretty much any major or successful player that has employed data to gain a better, much deeper understanding of their customers. Credit Cards.

Credit Union 49

Credit Union Innovation Credit Cards Online and Mobile Banking 49

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

Fintech Labs Insights

AUGUST 22, 2024

Back in the summer of 2007 we had a simple vision for the first Finovate event. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. 9Spokes: Raised $17M for its comprehensive business management platform; increasing partnerships with major banks.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

SEPTEMBER 4, 2017

say they have used contactless card technology to make a payment since the technology was first launched in September 2007. Researchers also concluded that contactless payment users are also twice as likely to have made a high-value purchase on their mobile device. More than a third of U.K.

Contactless Payments 54

Contactless Payments Online and Mobile Banking Payments Payer 54

PYMNTS

AUGUST 21, 2018

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. The digital efforts, according to Financial Review , show how companies that leverage online lending and brokerage activities – such as Uno – are automating many steps in consumer borrowing processes.

FinTech 40

FinTech Cross-Border Online and Mobile Banking Verification 40

PYMNTS

JANUARY 1, 2019

In fairness, it was 1995 — Amazon was a year old and a bookseller online. The fact that Gates was right about the first two is arguable, what with the explosion of online mobile banking, digital payments and tech-based financial services. The iPhone, for example, didn’t impress him much. and around the world.

Online and Mobile Banking 60

Online and Mobile Banking Bitcoin Mobile Payments Point-of-Sale (POS) 60

Fintech Labs Insights

NOVEMBER 8, 2016

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? The new company (spun out from Signet Bank in 1994) was widely revered as a data analytics and marketing master. As recently as 2010 they were the last major bank to launch a native mobile banking app.

Transactions 17

Transactions Online and Mobile Banking Disputes Issuers 17

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech Labs Insights

MAY 13, 2015

Then, Shoeboxed showed its expansion into email receipts: “Receipt capture is becoming a standard banking feature: Taking pictures of receipts with a mobile phone that are then matched to the corresponding credit card transaction was just the beginning. Founded: May 2007. HQ: Durham, NC. Website: shoeboxed.com.

Online and Mobile Banking 22

Online and Mobile Banking Correspondent Credit Cards Mobile Banking 22

PYMNTS

DECEMBER 16, 2019

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today.

Online and Mobile Banking 72

Online and Mobile Banking Credential Payments Economy 72

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Earlier this year, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz. Company Description: Based in Sweden, Klarna provides online payment solutions.

Online and Mobile Banking 76

Online and Mobile Banking FinTech Payment Solutions Debit Card 76

PYMNTS

JANUARY 1, 2020

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today.

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

PYMNTS

NOVEMBER 7, 2016

In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. Most recently, cash share usage in Poland experienced a surge from 2000 until 2007. Cash’s reign, however, could be coming to an end. Cash’s volatile reign.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card ATM Research 60

Fintech Labs Insights

JANUARY 20, 2017

This week marks two big wins for online accounting system provider FreeAgent. NatWest has agreed to provide FreeAgent’s SaaS business banking solution to its small business clients this year. As part of the partnership, FreeAgent’s technology will be connected to the business bank accounts of RBS and NatWest customers.

Online and Mobile Banking 13

Online and Mobile Banking Small Business Agreements Accounts 13

PYMNTS

AUGUST 3, 2020

Missouri-based Askinosie Chocolate , which has sold ethically sourced confections since 2007, has been tackling such challenges. Askinosie had to visit many of these farmers in person to help them obtain bank accounts, in fact, so they could receive international payments, which the chocolatier delivers via wires.

Checks 81

Checks Online and Mobile Banking B2B P2P 81

PYMNTS

JANUARY 30, 2017

While we may struggle to remember a day before everyone carried a smartphone, it wasn’t that long ago that mobile technology was still the stuff of science fiction (and beyond that, even the Star Trek “communicators” were more one-time burners than actual computers in your pocket). From the dark ages to mobile.

Online and Mobile Banking 56

Online and Mobile Banking On-Demand Adjustments Checks 56

CB Insights

OCTOBER 29, 2018

Microsoft was late to the mobile game and quickly fell behind Apple and Android in the platform wars. Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Bank of America and Countrywide. Price: $7.9B.

Acquirers 76

Acquirers Online and Mobile Banking Innovation Non-Bank 76

CB Insights

APRIL 17, 2018

10 of the top 20 worked in banking, consulting, or law prior to entering VC. After 3 years with Credit Suisse , Bill joined Deutsche Bank for a short time to focus exclusively on internet companies. While at Deutsche Bank, Bill expanded his network within Silicon Valley and inevitably joined Hummer Winblad Venture Partners in 1997.

Acquirers 71

Acquirers Online and Mobile Banking Consulting Technology 71

PYMNTS

MAY 22, 2017

9, 2016, a surprise announcement by India’s Prime Minister Narendra Modi demonetized 500 and 1,000-rupee bank notes, essentially removing from circulation 86 percent of the country’s currency (in a heavily cash-reliant society). However, the movement leading up to adoption of mobile banking has been very, very slow.

Online and Mobile Banking 41

Online and Mobile Banking Digital Payments Settlement Non-Bank 41

Fintech Labs Insights

DECEMBER 29, 2015

The end of the year provides a unique challenge to banks. For banks it’s a good time to run a few simple messages: Thank customers for a great year. Detail holiday branch hours & service options (extra credit for a plug for online/mobile banking). Banks in the Holiday Spirit.

Online and Mobile Banking 18

Online and Mobile Banking Chip Cards Credit Cards Checks 18

PYMNTS

NOVEMBER 21, 2016

The launch of the iPhone in 2007 and the App Store in 2008 opened everyone’s eyes to the impact that mobile would have on payments and commerce. Twenty years and hundreds of millions of smartphones later, the digital payments experience is anything but consistent anywhere — online, in-store and in-app.

Digital Payments 86

Digital Payments Payments Visa Online and Mobile Banking 86

PYMNTS

SEPTEMBER 14, 2020

In 2007, Netflix introduced streaming services to further scratch that consumer itch. Apps on mobile phones and tablets with 4G connections introduced even more flexibility to consumers to watch movies and other video content anywhere they wanted. At their peak in 2005 , DVDs were a $16.3 What’s wrong with that picture?

Innovation 98

Innovation Consumer Online and Mobile Banking Checks 98

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Standard Treasury [link] APIs for commercial banks. Then set and forget them.

FinTech 26

FinTech Online and Mobile Banking Multi-Currency Bitcoin 26

Fintech Labs Insights

JANUARY 26, 2016

PFM and banking software company MX recruited its first CMO today. MX appointed Don MacDonald to lead marketing and branding efforts and develop marketing strategies to help bank clients enhance the account holder experience. Kight is founder of Checkfree and served as the company’s CEO until it sold to Fiserv in 2007.

Online and Mobile Banking 15

Online and Mobile Banking API Mobile Banking FinTech 15

Fintech Labs Insights

DECEMBER 30, 2015

The Kentucky-based company has developed a vendor management platform for banks and credit unions. Bowers is the founder of iPay Technologies, which demoed at the first Finovate in 2007, was acquired by Jack Henry in 2010. Mobile & online payments. Mobile bank/card. Total raised: $1 million. The PayPro.

FinTech 19

FinTech Online and Mobile Banking Bitcoin Underwriting 19

PYMNTS

DECEMBER 29, 2020

The pandemic has led to massive changes for banks, which have had to radically adjust their operations despite generally being deemed essential businesses. One FI navigating pandemic-related challenges is Massachusetts-based Avidia Bank , which was founded in 2007 and currently has $1.9 Online innovations .

Online and Mobile Banking 78

Online and Mobile Banking Credit Union Authentication Mobile Banking 78

Fintech Labs Insights

JUNE 30, 2020

Launched in 2007 in NYC, Finovate* now organizes 4+ shows annually where fintech startups (as well as a few bigger companies mixed in) show their technology in no-Powerpoint 7-min demos. iProov Product : Biometric online authentication. W.UP Product : Banking personalization platform. Finovate MiddleEast (Nov 2019).

FinTech 15

FinTech NOV Financial Literacy Online and Mobile Banking 15

Fintech Labs Insights

APRIL 14, 2016

May 2015 demo : Alpha Payments Cloud showed AlphaHub , its omni-channel solution access platform that helps banks, merchants, MSPs, and ISOs gain access to any solution provider in the world. October 2015: Partnered with Macquarie Business Banking. December 2015: Offered quick login on mobile. Founded: 2007.

Online and Mobile Banking 16

Online and Mobile Banking MSPS ISOs Underserved 16

PYMNTS

JANUARY 15, 2018

In fact, we’re seeing it happen in a variety of retail, banking and broader commerce pilots and prototypes today. It’s also why mobile order ahead has seen such speedy growth. Over the last five or so years, consumers have increasingly used their mobile devices and apps to discover and buy things. Here’s why.

Innovation 43

Innovation Payments Online and Mobile Banking Authentication 43

FICO

FEBRUARY 15, 2021

With the rise of Open Banking, this trend is now hitting financial services. Are you ready to become a banking ecosystem? Then there was the mobile market. Up until 2007, seven companies shared 99% of global mobile phone profits : Nokia, Samsung, Sony Ericsson, Motorola, LG, RIM and HTC. Are You Ready?

Online and Mobile Banking 52

Online and Mobile Banking Non-Bank Authorization Fraud Prevention 52

Fintech Labs Insights

MARCH 14, 2017

The company’s platform leverages live video and identity document verification, as well as authentication by bank account and the GOV.UK Verify system, to enable digital signing, speed customer on-boarding, and remove friction from the online experience for financial services consumers. Founded in January 2007.

On-Demand 15

On-Demand Verification Online and Mobile Banking Non-Bank 15