Fintech News

OCTOBER 22, 2024

The 2024 winners were selected by a panel of key industry players representing organizations such as KKR, Granite Asia (formerly GGV Capital), Singapore’s InfoComm Media Development Authority (IMDA), Singapore Business Federation, Singapore-based global investor EDBI, SGX Group, DBS Bank, Northstar Group, and 65 Equity Partners.

FinTech 110

FinTech Multi-Currency Online and Mobile Banking APACS 110

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

MAY 24, 2016

The rise in digital and online banking hasn’t deterred banks in the U.S. Financial Times reported that just one in 30 bank and credit union branches has been forced to shutter its doors since 2009, despite the massive surge in digital FinServ and a subsequent drop in transactions completed by the physical locations.

FinTech 40

FinTech Online and Mobile Banking Credit Union Credit Cards 40

Finance Magnates

MARCH 26, 2023

In 2011, this question was asked on Quora , and I wrote my answer as follows : This is an excellent question and there are many companies who believe they are shaping this answer (predominantly, SWIFT, Visa, Mastercard, WesternUnion, PayPal, and a whole lot of mobile companies). Sender’s Bank and Beneficiary’s Bank).

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

Fintech Labs Insights

MAY 19, 2015

So, if you want to get your core customers’ kids engaged with the bank, your strategy pretty much must begin with (and can probably end with), mobile. Banks haven’t really been able to devote resources to mobile youth banking as yet. adult) mobile banking was introduced.

Online and Mobile Banking 26

Online and Mobile Banking Mobile Banking Audit Accounts 26

PYMNTS

MAY 30, 2018

“With Jetlore’s talent and AI-powered technology, we will enhance and accelerate PayPal Marketing Solutions, adding new capabilities that continue to expand PayPal’s value proposition for merchants beyond the online checkout experience,” wrote PayPal in its blog post. “We

PayPal 59

PayPal AI Online and Mobile Banking Acquirers 59

CB Insights

JULY 19, 2017

With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: IBM Mobile Innovation Lab. Avaya Labs Research center focuses on WebRTC, mobility, cloud, and video solutions. Founded: 2011.

Innovation 74

Innovation Online and Mobile Banking Research Technology 74

Segpay

JANUARY 10, 2024

8 minute read Spain’s Online Gaming Market has seen massive growth over the years. million) in online sports betting, a spectacular 42.8% million) in online sports betting, a spectacular 42.8% Spaniards engage fervently in various gaming genres, including esports, mobile gaming, console gaming, and online gambling.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Regulatory Compliance Cryptocurrency 52

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Overall, year over year, online fraud attacks have spiked 215 percent.

EMV 40

EMV CFPB Online and Mobile Banking CHIPS 40

PYMNTS

OCTOBER 7, 2020

That’s bad news at a time when bitcoin supporters are trying to increase its use and acceptance among mainstream consumers who are making more online purchases than ever as a result of the pandemic. Jack Dorsey Likes Bitcoin, But So Do Crooks . Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug.

Bitcoin 93

Bitcoin Consumer Scams Cryptocurrency 93

PYMNTS

JANUARY 25, 2017

Like so many other industries, banking sure isn’t what it used to be. Modern technology has revamped everything from retail to shipping, and financial services has been transformed from a brick-and-mortar business, with most transactions being conducted in person at bank branches and other physical locations, to a digital endeavor.

Online and Mobile Banking 46

Online and Mobile Banking Wires Wire Breach 46

Fintech News

JUNE 3, 2024

The firm counts 20 Indonesian fintech companies in its portfolio, including open finance startup Finantier, crypto investment app Nobi, SME finance platform Fazz, and SME banking platform KoinWorks. Indonesia’s fintech landscape is booming.

FinTech 120

FinTech Boot Camp Participant Online and Mobile Banking 120

PYMNTS

SEPTEMBER 14, 2020

It forced customers to look for ways to spend money online and on mobile, which has significantly increased the opportunity for providers such as [Volopa’s newly launched remittance product] Oya ,” Wissema said. Volopa’s focus wasn’t remittances when the company launched in 2011. Why Nigeria Was The Right Launching Pad.

Online and Mobile Banking 80

Online and Mobile Banking Data Encryption Encryption SWIFT 80

PYMNTS

JULY 11, 2019

Siam Commercial Bank Pcl (SCB) said it provided a “significant investment” in the Series F funding round of Go-Jek, Reuters reported. The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come.

Online and Mobile Banking 40

Online and Mobile Banking Debit Card P2P Small Business 40

CB Insights

DECEMBER 7, 2017

Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years. Non-bank lenders are becoming much bigger players in mortgages. In 2011, three banks accounted for half of new mortgage loans, according to the Washington Post.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

PYMNTS

NOVEMBER 15, 2019

Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license.

Stablecoins 40

Stablecoins Identity Theft Digital Currency Central Bank 40

Fintech News

MARCH 26, 2024

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% 1 SafeGold (India) SafeGold operates a digital gold platform, allowing customers to buy, sell, gift, and redeem gold online. 2 Alami Sharia (Indonesia) Alami Sharia specialises in Sharia-compliant peer-to-peer lending.

FinTech 100

FinTech APACS Payment APIs and Integration Multi-Currency 100

PYMNTS

JULY 11, 2016

Then, there’s the growing adoption of enterprise-friendly mobile solutions and the BYOD movement within India. “Technological advancements, rising integration of accounting software with various online applications, such as automated billing features, automated bank feeds, eCommerce websites, etc.,

Accounts 41

Accounts Innovation Online and Mobile Banking Automation 41

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

MARCH 28, 2017

The Royal Bank of Scotland (RBS) is facing questions from the Financial Conduct Authority (FCA) and other regulators about Russia money-laundering claims. billion being passed through Moldova, used shell companies and fraudulent loans to launder funds from offshore Britain-based firms from 2011 to 2014.

Money Laundering 41

Money Laundering Online and Mobile Banking Regulations Small Business 41

PYMNTS

MARCH 10, 2017

In this week’s Tech Center tracker, Mary Gavala, Online Marketing and Promos Manager of Viva Wallet , spoke with PYMNTS on how Greece is becoming a hot spot for tech. At Mobile World Congress, Greece’s minister of digital policy, telecommunications and media, Nikos Pappas, commented on the serious nature of the country investing in space.

Online and Mobile Banking 47

Online and Mobile Banking Technology Innovation FinTech 47

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. With lower costs and a bigger market to sell to, a new crop of online pet supplies retailers eventually emerged. The rise and fall of Pets.com.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Product Technology 78

Stax

NOVEMBER 13, 2023

Google was the first, in 2011, to enable contactless payments via their mobile app. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. Visa, Mastercard, and the customer’s bank) for authorization. Contactless cards All cards today can come contactless.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

OCTOBER 21, 2020

Alexa wasn’t the first voice assistant in the race to catch consumers’ attention — Apple’s Siri beat her to the punch in 2011. percent also reported having bought retail goods online in the last 24 hours. But the release of Alexa and the first Amazon Echo changed all that.

Economy 60

Economy Online and Mobile Banking Consumer Non-Bank 60

PYMNTS

SEPTEMBER 19, 2016

Technology enthusiasts draw pictures on whiteboards showing bots as the new king of the stack, out-stacking the last great stack — apps, which sit on top of the next-to-last great stack — mobile operating systems, which sit on top of the next-to-next-to-last great stack — the web. WeChat was launched in 2011 by Chinese internet giant Tencent.

Bots 79

Bots Credential Online and Mobile Banking Payments 79

PYMNTS

MAY 12, 2017

percent increase in identity fraud victims since 2011, when 11.6 When consumers can’t open a bank account or access government services online without feeling anxiety, we’ve got a problem.”. O2 Confirms Hack Emptied Some Customers’ Bank Accounts. million in the U.S. This latest number represents a 32.7

Business Email Compromise 51

Business Email Compromise ATM Phishing FBI 51

CB Insights

JUNE 6, 2019

Declared Bankruptcy: 2011. By December 2011, it was under $30/kg. By September 2011, Solyndra’s business model had fallen apart. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month. Founded: 2011. Dart Music. Earth Class Mail. Founded: 2005.

Breach 78

Breach On-Demand Product Acquirers 78

Fintech News

DECEMBER 17, 2023

Akulaku – US$2 billion Indonesia’s most valuable fintech startup is Akulaku, an online banking and digital finance platform valued at US$2 billion. Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics.

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

PYMNTS

MAY 11, 2020

We have observed the rapid acceleration of online behaviors that were nascent when consumers had a choice of how and where to shop, how and where to eat, and how and where to travel and work. It looked like the move from physical to online was accelerating, or at least poised to do so soon. No fuss, no muss.

Economy 76

Economy Online and Mobile Banking Innovation Consumer 76

PYMNTS

JULY 10, 2017

Visa’s push into mobile payments continues when late last month it announced its strategic investment in Klarna, the 12-year-old, Sweden-based startup focused on payments and POS financing that counts 70,000 eCommerce sites among its 65 to 70 million customer roster throughout 18 countries. Klarna, Gajda told Webster, is thinking like a bank.

Online and Mobile Banking 40

Online and Mobile Banking Push-to-Card API Use Case 40

PYMNTS

MAY 6, 2019

After all, they’ve only got $45 billion in the bank , and at some point will probably have to pony up $5 billion to pay the FTC and who knows how much to others at some point. Act Three: Facebook execs meet with the Fed and central banks. Even Facebook’s WhatsApp has plans to enable payments in India using existing bank rails.

Online and Mobile Banking 83

Online and Mobile Banking PayPal Innovation Blockchain 83

Stax

JULY 1, 2024

Paychex Flex is their online payroll software solution designed specifically for small businesses. Reviews praise the mobile app and new hire reporting but mention poor customer support. However, it receives praise for ease of use and customizable payroll reports. However, Wave doesn’t offer automated payroll in all 50 states.

Small Business 88

Small Business Payroll Direct Deposit Compliance 88

Fintech Labs Insights

NOVEMBER 18, 2015

Fidor Bank won in the “Best Use of IT in Retail Banking” category at the 16th Annual Banking Technology 2015 awards this week. Readers’ choice awards were granted based on online voting results from readers of both Banking Technology magazine and bankingtech.com. Interested in fintech in the U.K.

Technology 21

Technology Online and Mobile Banking Financial Crimes P2P 21

PYMNTS

APRIL 15, 2019

In 2011, the company’s services and mobile app debuted in San Francisco. Put off by a business that just gave rides to people going to and from banks (any guesses who they were referring to there?), We’ve seen online advertising disrupted by Google, Facebook and now Amazon. The rest, as they say, is history.

On-Demand 73

On-Demand Online and Mobile Banking Consumer Caps 73

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

SEPTEMBER 5, 2018

In 2011, the European Commission (EC) introduced a new directive to combat late payments, citing that “thousands of small and medium-sized enterprises (SMEs) go bankrupt waiting for their invoices to be paid.” Online payment is a must.” Late invoice payments aren’t an issue isolated to the U.S.,

Payments 40

Payments Debit Card Online and Mobile Banking Credit Cards 40

PYMNTS

MARCH 16, 2017

Now while Facebook initially launched its Messenger chat service in 2011, it wasn’t a major hit right away and the social media giant continued to refine its offering. She said, “Our Facebook Messenger virtual agent experience is faster than any website or mobile app and easier to use than any online form.

AI 43

AI Online and Mobile Banking Service Center Consumer 43