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

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

PYMNTS

JANUARY 15, 2020

Raisin will license Choice FS’ software to banks in the U.S., Banks will be able to offer the new solutions directly to their own customers or use Raisin’s platform to reach all potential retail consumers. Raisin , which is backed by PayPal, was founded in Berlin in 2013 and has raised about $200 million in funding from investors.

FinTech 52

FinTech Credit Union Deposit Account Online and Mobile Banking 52

PYMNTS

MARCH 11, 2020

Key among those banks who have promised higher rates: Marcus, the Goldman Sachs banking unit, done digitally, that has staked its claim here and across the Pond with high yielding products. Every joke has a kernel of truth, and here’s that kernel, at least when it comes to banking. percent seen in July of last year.

Fed 52

Fed Accounts On-Demand Central Bank 52

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. Originally founded as Sun Microsystems Laboratories, it was rebranded Oracle Labs after their acquisition in 2010. Innovation Lab Name: IBM Mobile Innovation Lab.

Innovation 74

Innovation Online and Mobile Banking Research Technology 74

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

CB Insights

JUNE 17, 2020

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. Online courses & content.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

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

CB Insights

APRIL 10, 2019

While the technology is still developing, many companies (including Amazon) are banking on it as a disruptive force in a myriad of markets. Facial recognition, for example, could capture what a shopper is looking at, and enable retailers to later serve up related promotions to the shopper via email or online ads.

Law Enforcement 78

Law Enforcement Online and Mobile Banking Use Case Laws 78

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

Blockchain 59

Blockchain Digital Payments Instant Payments Online and Mobile Banking 59

PYMNTS

NOVEMBER 16, 2017

As credit unions (CUs) face increased competition from traditional banks and new players from the FinTech crowd, many institutions ponder the same question: What can we do to keep our doors open? Mary’s Bank of Manchester, New Hampshire, holds the distinction of being the nation’s first and oldest credit union. Founded in 1908, St.

Credit Union 40

Credit Union Online and Mobile Banking Third-Party Service Provider Origination 40

CB Insights

JUNE 6, 2019

Declared Bankruptcy: 2013. Coda Automotive sought Chapter 11 bankruptcy protections in May 2013, and announced it was restructuring its business as a battery technology company. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month. Founded: 2009. Total Funding: $612M.

Breach 78

Breach On-Demand Product Acquirers 78

Fintech Labs Insights

AUGUST 3, 2016

The company announced today that it is transitioning away from its origins as a payment card system in order to embrace real-time, P2P mobile payments. ” Specifically, the company is abandoning its white-label, bank-oriented debit card strategy in favor of “instant P2P transfers utilizing mobile phones and online systems.”

Online and Mobile Banking 15

Online and Mobile Banking P2P Debit Card Payments 15

Fintech Labs Insights

OCTOBER 10, 2016

A new partnership between mobile capture innovator Mitek and omni-channel digital banking solution provider Backbase will make Mitek’s document scanning and validation technology available via the Backbase Open Banking Marketplace. ’s oldest bank, C. James DeBello is CEO. and chosen by U.K.’s

Online and Mobile Banking 19

Online and Mobile Banking Multi-Currency Origination Authentication 19

CB Insights

OCTOBER 10, 2017

How Level Money designed itself specifically for a mobile-first experience. Daily bill payments from Check’s mobile app reached over $1M in daily volume in just one year. Keeping users around is hard: according to Localytics, the average mobile app loses 80% of its users within just three days of download. bank accounts.

Finance 78

Finance Online and Mobile Banking Product Checks 78

CB Insights

MARCH 27, 2018

Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. In the past couple weeks, the volatile stock has spiked once more, closing at more than $70 on 3/23. Overstock.com. NXT-ID INC.

Blockchain 48

Blockchain Cryptocurrency Bitcoin Accreditation 48

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. ” Company Facts.

On-Demand 15

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

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4

FinTech 127

FinTech Online and Mobile Banking Multi-Currency Non-Bank 127

CB Insights

OCTOBER 29, 2018

Microsoft was late to the mobile game and quickly fell behind Apple and Android in the platform wars. In 2013, Microsoft CEO Steve Ballmer saw an opportunity in Nokia, a Finnish phone company that was losing ground to competitors. Date: May 20, 2013. Bank of America and Countrywide. Microsoft and Nokia. Price: $7.9B.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

Fintech Labs Insights

APRIL 30, 2015

Sneak Peek: Aurora Financial Systems and Mistral Mobile. Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. Our platform brings innovation to mobile card services.

Online and Mobile Banking 26

Online and Mobile Banking API Credit Union Automation 26

CB Insights

NOVEMBER 9, 2017

So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. He believed Powa would set down mobile payments infrastructure that would be just as revolutionary. Company: Amp’d Mobile. via MDDI Online. ” via Indianapolis Business Journal. via Engadget.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Shutdown Push-to-Card 78

Fintech Labs Insights

JULY 15, 2016

Alternative financing provider Kabbage unveiled a major mobile update this week. The Atlanta-based company revamped its iOS app to allow small businesses to apply for funding on their mobile device. Kabbage launched a native app in 2013 to help customers manage and track their financing.

Online and Mobile Banking 13

Online and Mobile Banking Small Business Verification Origination 13

CB Insights

OCTOBER 31, 2017

Original 50 Startup Failure Post-Mortems (1/20/2014). But overpriced, over-hyped hardware products weren’t the only “innovations” we said goodbye to: we also recently witnessed the deaths of startups working in mobile AR, e-commerce, digital media, and more. Title: My Mobile AR Start-Up Died So Yours Doesn’t Have To.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

CB Insights

NOVEMBER 16, 2017

” King Digital Entertainment , maker of mobile game Candy Crush, was acquired for $5.9B, resulting in a huge payout for Apax Partners, which owned 44%. After an initial $8M investment in WhatsApp’s Series A in April 2011, Sequoia put in an additional $52M in July 2013. WhatsApp funding & valuation. Acquisition.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

Fintech News

SEPTEMBER 4, 2024

However, recent stringent regulations imposed by the Reserve Bank of India (RBI) have significantly impacted the sector, leading many fintech companies to reassess their BNPL strategies. Similarly, Slice, originally a BNPL firm, has transitioned to offering prepaid credit cards and is now merging with North East Small Finance Bank.

BNPL 90

BNPL Online and Mobile Banking Credit Limit Credit Cards 90

PYMNTS

MARCH 7, 2016

CAN WE MAKE THE OFFLINE WORLD AS EFFICIENT AS THE ONLINE WORLD? The ability for busy people to shop 24/7/365 via a mobile device trumps the serendipity that everyone says is one of the great benefits of shopping in a physical store. So what would physical retail look like if it were run like the best online etailers ?

Online and Mobile Banking 46

Online and Mobile Banking Payments Financial Inclusion Same Day ACH 46

CB Insights

OCTOBER 4, 2018

Ant Financial was initially launched to support online payments. As the financial affiliate of Chinese e-commerce giant Alibaba Group , Ant Financial encapsulates a fintech ecosystem that starts with its dominant mobile payments service, Alipay, and expands into credit scoring, wealth management, insurance, and lending. Looking ahead.

Online and Mobile Banking 78

Online and Mobile Banking FinTech Mobile Payments Regulations 78