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

OCTOBER 17, 2016

percent of participants in the survey. As part of its Regional Revitalization policy rolled out in June 2014, the government urged banks to enhance the scope of domestic automatic teller machines (ATMs) to make them compatible with overseas-issued cards due to a rise in inbound foreign tourists.

Digital Payments 55

Digital Payments Consumer Push-to-Card Payments 55

PYMNTS

SEPTEMBER 17, 2018

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. global ransomware attack and the 2014 attack on Sony Pictures Entertainment. The Bangladesh Bank Hack. The way they got there?

SWIFT 75

SWIFT Phishing Ransomware Central Bank 75

PYMNTS

MAY 24, 2019

The cryptocurrency realm may have fallen short, thus far, of its promise to transform commerce, to kill hard currency, to render central banks obsolete. The Seigels allegedly are involved in the Ponzi scheme, and a lawyer speaking on their behalf said that they deny any wrongdoing or participation in a Ponzi scheme.

Cryptocurrency 40

Cryptocurrency Laws Returns Scams 40

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

PYMNTS

MAY 1, 2017

The Bank/Blockchain Break-Ups. It’s been a rough week for the relationship between banks, bitcoin and the blockchain. Three major blockchain exchanges — Bitfinex, OKCoin and BTC-e — have all separately reported that they’ve been unable to process transactions in dollars as global banks are pulling out of high risk areas.

Bitcoin 46

Bitcoin Blockchain Non-Bank Wires 46

Fintech Labs Insights

DECEMBER 30, 2016

Still, how hard would it be to throw a couple non-denominational snowflakes on top of your logo and wish everyone a happy holiday? In our annual holiday survey of the 25 largest banks, we found only two, PNC Bank and Key , that acknowledged the year-end holidays on their homepages. ———-. 2016 Holiday Messages.

Non-Bank 20

Non-Bank Credit Union Community Banks Participant 20

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

MARCH 15, 2017

The deal is one that seeks to bring mobile banking to underbanked consumers and also, in terms of demographics, to millennials. million Series A round of venture funding led by FirstMark Capital with participation from Contour Ventures, Humanity United and Serious Change LP, among others. At the end of February, HowGood closed a $4.2

Product 41

Product Assessments Database Consumer 41

Fintech News

MARCH 26, 2024

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4

FinTech 98

FinTech APACS Payment APIs and Integration Multi-Currency 98

CB Insights

AUGUST 1, 2017

across 3 funds, participated in roughly 207 deals to 131 companies, and invested in several unicorn startups ($1B+ valuation), including Slack , Flatiron Health , SurveyMonkey , Box and Yammer (as of 7/3/17). Since officially launching in 2011, Social Capital has participated in 207 equity investments totaling $2.99B (as of 7/1/17).

Participant 34

Participant Online and Mobile Banking Acquirers On-Demand 34

Fintech News

APRIL 3, 2024

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

Financial Inclusion 124

Financial Inclusion FinTech Financial Literacy Non-Bank 124

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

JANUARY 12, 2017

IBM’s “blockchain-as-a-service” strategy incorporates many of the company’s core technology projects including its Watson Internet of Things platform and its development lab, Bluemix Garage – as well as its core IT system for global banks, IBM z System. ” R3: Are Blockchain-Curious Banks Stronger Together?

Blocks 21

Blocks Blockchain FinTech Cross-Border 21

CB Insights

MARCH 27, 2018

Participation in many ICOs is limited to “accredited investors” that meet certian financial requirements set by the SEC.). The company, which emerged from bankruptcy in 2013 and has struggled against digital technology trends, saw its stock jumped dramatically in response, ballooning as much as 335% to hit a high of $13.28

Blockchain 48

Blockchain Cryptocurrency Bitcoin Accreditation 48

Fintech Labs Insights

OCTOBER 30, 2020

The two finalists* were FinMkt ( founded in 2011 ), and non-profit fundraising platform Goodworld , ( founded 2014, raised $3.4M ). When the competition was announced pre-pandemic, there was talk of a $25k cash prize as well as potential investments of $250k from participating VCs. in Feb 2014. Finals : FinMkt, Goodworld.

FinTech 15

FinTech Participant Non-Bank Finance 15

PYMNTS

JULY 1, 2019

Like Tencent and QQ, when Messenger separated from Facebook in 2014, it needed to get consumer and their friends to download the Messenger app. Back in 2014, Messenger users also had a different view of their “one place” to do all of those things – and it wasn’t any of their messaging apps. Just like WeChat did.

Bots 62

Bots Online and Mobile Banking Regulations PayPal 62

CB Insights

OCTOBER 31, 2019

Commercial Banking: How JP Morgan’s chatbot saves the company 360,000 hours a year. At the most rudimentary end of the spectrum, there are the bots that banks use to prompt callers through a phone tree, telling them to say “yes,” “no,” “check my balance,” etc. The rise and fall of chatbot hype: How the bubble burst.

Bots 78

Bots Legal Online and Mobile Banking Research 78

CB Insights

MAY 15, 2019

DBS Bank — DBS Asia X (DAX). DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Notable projects: Fidelity Charitable is a public charity that accepts non-cash financial assets.

Innovation 78

Innovation Finance Online and Mobile Banking Blockchain 78

CB Insights

OCTOBER 6, 2017

In Q3’17, it participated in a $20M seed round to Canada-based Kinova Robotics , which focuses on industrial service robots. While this technology has the potential to reduce manual labor, it faces regulatory challenges and still requires a human driver for non-highway driving. Foxconn has also backed external robotics startups.

AI 69

AI Risk Automation On-Demand 69

CB Insights

OCTOBER 10, 2017

Acorns’ rock-bottom customer acquisition costs as driven by non-viral referral. For the non-exited companies — Robinhood, Acorns, Stash, and Credit Karma — we looked at which apps had the highest rates of user growth and what’s driving expansion. bank accounts. debit & credit cards. income information.

Finance 78

Finance Online and Mobile Banking Product Checks 78

CB Insights

JUNE 17, 2020

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. Branchless banking. BANKING, HEALTHCARE, RETAIL SECTORS LIKELY TO EXPERIENCE SIGNIFICANT GROWTH IN CHATBOT USE. Cloud call centers.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

CB Insights

OCTOBER 25, 2018

Lloyds Banking Group used virtual reality to assess candidates for its Graduate Leadership Programmes — tasking recruits with solving puzzles in a VR environment to determine whether they display the “strengths and capabilities required of the Group’s future leaders.”. Automotive. Engineering.

Law Enforcement 78

Law Enforcement Assessments Technology Research 78

PYMNTS

JUNE 18, 2019

After that it is Facebook’s vision that the rails will become permissionless and open to all to encourage broad participation, innovation and application development. At PayPal, we believe in democratizing participation in the digital economy for people from all walks of life and businesses of all sizes. I have no doubt they are. “At

Payments 98

Payments Cross-Border Online and Mobile Banking Financial Inclusion 98

CB Insights

OCTOBER 31, 2017

2014 Second Update (9/24/2014). 2014 First Update (6/3/2014). Original 50 Startup Failure Post-Mortems (1/20/2014). Background: Pearl was founded in 2014 by three ex-Apple iPod engineers, and hired dozens of other ex-Apple employees. 2017 Third Update (10/31/17). 2017 Second Update (6/9/17).

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

OCTOBER 9, 2017

The head of each guild was a ruling member of the Ottoman Empire and decided if a new guild could be opened inside the Bazaar, how many and what sellers would be permitted to participate and where in the Bazaar those shops could operate. In 2014, the Grand Bazaar was named the world’s No.

Rules 51

Rules Online and Mobile Banking Consumer Product 51

PYMNTS

OCTOBER 9, 2017

The head of each guild was a ruling member of the Ottoman Empire and decided if a new guild could be opened inside the Bazaar, how many and what sellers would be permitted to participate and where in the Bazaar those shops could operate. In 2014, the Grand Bazaar was named the world’s No.

Rules 44

Rules Online and Mobile Banking Consumer Product 44

CB Insights

NOVEMBER 16, 2017

Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs. Facebook’s $22B acquisition of WhatsApp in 2014 was (and still is) the largest private acquisition of a VC-backed company ever. Semiconductor Manufacturing International (SMIC).

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78