Finovate

JUNE 17, 2024

The two are advancing their partnership to offer core banking and payment solutions to financial institutions. Core banking platform Thought Machine announced today it has extended its relationship with Mastercard this week. based Thought Machine has raised $563 million in funding since it was founded in 2014.

Visa 59

Visa Non-Bank Debit Card Participant 59

The Fintech Times

SEPTEMBER 4, 2024

Appointments Malcom Finance ( formerly 4Trans) , a fintech company specialising in financial services for supply chain and logistics SMEs, has appointed the founder of Twisto as a non-executive director. The Bank of London has revealed that its founder, Anthony Watson CBE, is stepping down from his role as CEO.

FinTech 64

FinTech Non-Bank Cross-Border Reconciliation 64

Fintech News

MAY 13, 2024

Embedded insurance refers to the integration of insurance products into non-insurance platforms or experiences, such as e-commerce, travel or healthcare. In Singapore, AXA launched in 2017 an insurance-as-a-service (IaaS) API platform to link insurers and non-insurance retailers and enable embedded-insurance propositions.

Embedded Finance 103

Embedded Finance Non-Bank Finance Consulting 103

Fintech Finance

FEBRUARY 6, 2024

Once this card payment central infrastructure is established as a part of NPS-NCS, banks and financial institutions in Nepal will be able to provide domestic NEPALPAY cards to their customers which will help increase acceptance, implement data localization and reduce transaction charges. billion people.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Finovate

JUNE 6, 2024

Crédit Agricole Next Bank has launched a new lead management platform and CRM courtesy of a partnership with InvestGlass. The new offering will help the bank deal with new customer growth and increasing linguistic diversity among its clients and employees. CRM option.

CRM 52

CRM Non-Bank Automation Compliance 52

The Fintech Times

JUNE 27, 2024

Appointments Atom bank , the UK app-based bank, appoints Gareth Jones as its new chief risk officer. He replaces Chris Sparks, who is retiring after nine years at the bank. Jones joins Atom bank from The Co-operative Bank , where he has worked for 26 years, most recently as chief risk officer.

FinTech 59

FinTech Non-Bank Online and Mobile Banking Participant 59

PYMNTS

SEPTEMBER 25, 2019

For the first time since East & Partners began surveying Australian small businesses about their future growth plans, researchers have found that entrepreneurs are more likely to turn to an alternative lender than a traditional bank for capital. Meanwhile, plans to use non-banks reached the highest level yet, with 18.7

Non-Bank 43

Non-Bank Small Business Research Finance 43

PYMNTS

JANUARY 25, 2021

The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange. Backed by billionaires Peter Thiel and Li Ka-Shing, N26 launched its first products in 2015 and is among Europe’s most valuable non-listed FinTechs.

FinTech 101

FinTech Non-Bank Product Transactions 101

PYMNTS

JUNE 6, 2019

The Financial Times reports that a $647 billion “blind spot,” as measured by Barclays, exists in the financial reporting by Chinese banks — spanning both rural and commercial settings. The data as compiled by Barclays comes in the wake of the state takeover of Baoshang Bank. That is a 65 percent jump since 2014.

Non-Bank 43

Non-Bank Governance Government Credit Risk 43

Fintech Finance

JANUARY 18, 2024

Neal takes the helm from Jon Prideaux, who announced his intention to retire in July 2023, and will remain on the Board as a Non-Executive Director. Boku CEO Stuart Neal brings more than 20 years of payments, banking and innovation leadership experience to Boku, combined with a deep understanding of the Boku business.

Non-Bank 52

Non-Bank Payment Solutions Returns Accounts 52

PYMNTS

MARCH 20, 2018

FinTechs and non-bank financial service providers are set to take over traditional banks as the preferred choice for small business (SMB) customers in Australia, a new report by Scottish Pacific found. Last December, Tyro, a bank-FinTech hybrid, launched in Australia after it landed a banking license in 2015.

Finance 47

Finance FinTech Non-Bank Small Business 47

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We FDIC), the states and the courts.

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

PYMNTS

NOVEMBER 23, 2018

Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The probes are ongoing and relate to transactions tied to the bank’s Estonian branch — and focus on $150 million that made its way through accounts of non-Estonian holders.

Non-Bank 57

Non-Bank Correspondent Bank Money Laundering Correspondent 57

PYMNTS

MARCH 12, 2020

Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. In particular, some noted that USPS could provide a viable banking alternative for those lacking banking services.

Non-Bank 67

Non-Bank Governance Government Posting 67

PYMNTS

JULY 21, 2020

The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institutions. By using GlobalGateway, Trulioo will be able to help verify customers are who they say they are in Vietnam.

Verification 72

Verification Fraud Prevention Non-Bank Compliance 72

PYMNTS

JANUARY 12, 2020

Following the 2016 incident of bogus accounts, regulators have been watching the bank closely and have handed down edicts that Wells Fargo has had trouble meeting due to obsolete methods and resources, past and current personnel told the WSJ. When “the app is down, the bank is down for our customers,” he said.

Office of the Comptroller of the Currency 58

Office of the Comptroller of the Currency Non-Bank Regulations Blocks 58

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 130

Online and Mobile Banking Treasury Non-Bank Finance 130

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. Takeovers of banks are rare in China, and this is the first one in almost 20 years. billion) at the end of 2016, which is a leap of 65 percent since 2014.

Regulations 63

Regulations Non-Bank Small Business Credit Risk 63

PYMNTS

NOVEMBER 14, 2018

A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states.

Money Laundering 49

Money Laundering Law Enforcement Non-Bank Treasury 49

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

PYMNTS

FEBRUARY 28, 2018

Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of the Putin family as a front for money laundering. It is also alleged that Danske Bank shut down 20 Russian customer accounts following that whistleblower report.

Money Laundering 45

Money Laundering Non-Bank Rules Authorization 45

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. The last one, published in Jan 2014, featured 50 innovations (see below).

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Finovate

FEBRUARY 2, 2024

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The new digital bank also offers financing products for bineo account holders. The bank also pledges competitive rates and instant access to funds once loans are approved. The company noted that it hopes to add 2.8

BNPL 59

BNPL Online and Mobile Banking Debit Card Non-Bank 59

PYMNTS

OCTOBER 10, 2017

9), found non-cash transactions are growing at a healthy rate — with volumes increasing 11.2 percent between 2014 and 2014 representing the highest growth in a decade, researchers said. Worldwide, non-cash wholesale transactions initiated by corporates is expected to increase at a CAGR of 6.5 Regional Trends.

B2B 49

B2B Cross-Border Non-Bank Payment APIs and Integration 49

PYMNTS

MARCH 26, 2018

24 percent of Aussie SMBs use traditional banks for funding, down from 38 percent in 2014, Scottish Pacific’s report found. The data suggests entrepreneurs are taking the leap to FinTechs, with more than a fifth of SMBs surveyed saying non-bank lenders are their preferred choice for financing, up from 11 percent in 2014.

Small Business 77

Small Business Non-Bank Finance B2B 77

FICO

APRIL 8, 2016

The FICO® Card Alert Service has just released some startling stats: The number of ATMs in the US compromised by criminals rose 546 percent in 2015 over 2014. The biggest targets were non-bank ATMs, such as those in convenience stores, where 10 times as many machines were compromised as in 2014. Interested in more?

ATM 45

ATM Compromise Card Issuer Non-Bank 45

PYMNTS

MAY 24, 2019

In an effort to bolster non-cash payments in Vietnam, the country’s government is endeavoring to make a mobile money sandbox for companies in the telecom space. The plan is pending approval and could allow firms to test services for mobile money that are not connected to bank accounts of consumers, Deal Street Asia reported.

eWallet 43

eWallet Non-Bank Central Bank Payments 43

PYMNTS

JUNE 14, 2018

Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13).

Non-Bank 43

Non-Bank Legal Laws Addressing 43

FICO

SEPTEMBER 21, 2016

Online banking electronic payments fraud is on the rise, as fraudsters explore security gaps in the emerging banking channels. For instance, data released by Financial Fraud Action UK , shows that UK online banking fraud losses increased by 38% in 2014 from 2013, and by 64% in 2015 from 2014.

Payer 64

Payer Payee Fraud Detection Payments 64

PYMNTS

AUGUST 27, 2019

FS Vector’s partner John Collins — head of policy at Coinbase from September 2014 to January 2016 — will serve as Facebook’s lobbyist. . The members all made a non-binding promise to invest at least $10 million. billion people around the world without access to a bank account to the world of digital payments at low or no cost.

Cryptocurrency 57

Cryptocurrency Regulations Non-Bank Blockchain 57

PYMNTS

SEPTEMBER 26, 2018

25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance.

Breach 43

Breach Regs Non-Bank Regulations 43

PYMNTS

SEPTEMBER 9, 2019

In addition, its interest rates are half those charged by traditional banks, said Arana. Konfio’s technology is also able to keep non-performing loans under control, with the company’s delinquency rate at 4.8 percent for the banking industry. “I It also has access to credit from Bank of Nova Scotia.

Small Business 49

Small Business Non-Bank Advisors Finance 49

PYMNTS

AUGUST 7, 2019

FreshBooks aims to differentiate itself by creating easy-to-use accounting software that has a non-accountant user in mind while delivering “best-in-class” customer service, the company said in an announcement. In February of this year, FreshBooks announced the addition of bank reconciliation and double-entry accounting to its software.

Small Business 51

Small Business Non-Bank Reconciliation Accounts 51

PYMNTS

JANUARY 18, 2018

Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings. 17) said iGTB (Intellect Global Transaction Banking) is integrating its supply chain solutions into Baroda to offer to its own corporate customers. Reports in Business Standard on Wednesday (Jan.

Finance 43

Finance FinTech Non-Bank Real Time Payments 43

PYMNTS

OCTOBER 4, 2017

The stolen information didn’t include passwords in clear text, payment data or bank accounts. Verizon was able to purchase Verizon for $350 million less than expected due to the 2013 data breach and a subsequent 2014 hack. government has accused Russia of directing the 2014 hack. Yahoo is notifying users.

Identity Theft 40

Identity Theft Breach Data Breach Wire 40

PYMNTS

JUNE 1, 2018

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. The e-residency program was launched in 2014. In 2012, more than €7.3

Cryptocurrency 49

Cryptocurrency Money Laundering Non-Bank Central Bank 49

PYMNTS

JUNE 12, 2019

financial institution HSBC has reportedly reached a settlement with a group of companies that claim the bank misled them about the need for product add-ons to their loans. The firms reportedly only found out the product was optional when they switched bank providers in 2014. Four MSS Group Ltd.

Disputes 40

Disputes Request for Comment Settlement Agreements 40