The Fintech Times

JUNE 13, 2024

When shopping online, a failed payment can be enough to abandon a cart altogether. Introduced in 2014, Mastercard’s tokenisation service today secures 25 per cent of all e-commerce transactions globally, with adoption accelerating 50 per cent year-over-year. So much so, by 2030, it aims 100 per cent e-commerce tokenisation.

Visa 69

Visa Online and Mobile Banking Card Issuer Issuers 69

PYMNTS

MARCH 31, 2016

Banking on mobile devices is continuing to grow in popularity. According to WSJ , more than half of mobile banking users surveyed reported that they had received push notifications, text messages or email alerts from their respective financial institutions.

Mobile Banking 41

Mobile Banking Fed Online and Mobile Banking Federal Reserve 41

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

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

The Fintech Times

SEPTEMBER 10, 2024

According to the World Bank , China’s GDP per capita now exceeds $12,700, making it the world’s second-largest economy by nominal GDP, just behind the US. In the financial services sector, major institutions such as China Construction Bank, the Industrial and Commercial Bank of China (ICBC), Bank of China and Ping An Insurance dominate.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulations 72

Regulations FinTech Online and Mobile Banking Third-Party Service Provider 72

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

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

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

PYMNTS

NOVEMBER 6, 2020

Starling Bank is pushing ahead with plans to raise another $263 million as the U.K.-based based digital bank looks to fuel additional expansion in its home market while eyeing an initial public offering (IPO) down the line. digital bank public. Bank of England granted Starling a banking license in 2016.

Online and Mobile Banking 46

Online and Mobile Banking Accounts Continuity 46

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. Pay by Bank app (PbBa) — created by Vocalink, a Mastercard company — leverages the U.K.’s

Visa 46

Visa Online and Mobile Banking ATM Faster Payments 46

PYMNTS

SEPTEMBER 28, 2016

The information stored inside your phone could soon be used to authenticate you to banks, credit card companies and other financial service providers. According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions.

Security 67

Security Online and Mobile Banking Authentication Credit Limit 67

PYMNTS

JUNE 1, 2020

Losing customers can be as easy as experiencing one too many online glitches, however, which can drive clients into the competition’s arms. The challenger bank has run on a cloud banking model since its 2012 launch and is available for business and consumer use in 30 European markets, including Austria, Germany and the Netherlands.

Innovation 53

Innovation Online and Mobile Banking Accounts SWIFT 53

The Fintech Times

AUGUST 8, 2024

Appointments Torpago , a commercial credit card and spend management provider for banks, hires Chris Boncimino , as head of business operations. He brings over two decades of experience in the financial services sector, having led business and technology teams at major banks and technology firms.

FinTech 69

FinTech Cross-Border Cross-Border Payments Credit Cards 69

PYMNTS

MAY 8, 2017

02 , the mobile phone seller, confirmed it was the target of hackers that exploited a weakness in a protocol used by telecom networks for two-factor verification. The weakness in the protocol has been known about since around 2014, noted the report.

Accounts 43

Accounts Online and Mobile Banking Data Breach Breach 43

Fintech Labs Insights

MAY 12, 2015

The company is demonstrating how it incorporated beacon technology into its mobile banking app. Digital Insight is illustrating the use of beacons within its mobile banking app. Metrics: Digital Insight has a customer base of approximately 900 financial institutions, 12M online banking and nearly 4.8M

Mobile Banking 31

Mobile Banking Online and Mobile Banking End User Acquirers 31

PYMNTS

APRIL 12, 2019

billion people, of whom at least 725 million have mobile devices. Some of its brands include online takeout service Jumia Food, travel booking service Jumia Flights and classified services Jumia Deals. retailers online in markets across Africa, according to reports. The Berlin-based company’s value stood at about $1.7

Online and Mobile Banking 83

Online and Mobile Banking Financial Inclusion Digital Payments Economy 83

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. in July 2023. Its target is to serve 50 million customers by 2025.

FinTech 99

FinTech Payment APIs and Integration Online and Mobile Banking Security 99

PYMNTS

FEBRUARY 13, 2020

British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global eCommerce market, the companies announced on Tuesday (Feb. Payments is a critical pillar of banking services.

Online and Mobile Banking 79

Online and Mobile Banking Payments Financial Inclusion Real Time Payments 79

The Fintech Times

FEBRUARY 29, 2024

In fact, those living in the United States and similar have had digital wallets for many years now with most stores having NFC readers and phones having functions like Apple Pay and Google Pay since 2014. “First, the existing banking infrastructure in these regions is often poor and outdated. .”

Online and Mobile Banking 69

Online and Mobile Banking Payment APIs and Integration Bitcoin Blockchain 69

Fintech Labs Insights

AUGUST 22, 2024

Only 17 have gone out of business, mostly in the 2014 to 2017 vintage, which makes sense as well-funded startups usually last at least 5 years. And prior to 2014, the line-up was smaller and highly curated. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

NOVEMBER 8, 2017

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. Millennials are taking a mobile-first approach to banking, driving that transformation.

ATM 50

ATM Online and Mobile Banking Checks Transactions 50

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

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

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

NOVEMBER 6, 2019

And Visa called Tencent’s announcement that it will support international card schemes in its mobile wallet “a great step forward” for the payments industry. The firm went public in 2014 and had just managed its first quarter of profitability in early 2016 when scandal rocked the business.

Online and Mobile Banking 40

Online and Mobile Banking Adjustments Push-to-Card NOV 40

PYMNTS

MARCH 14, 2016

billion, as measured across payment companies, Internet insurers and peer-to-peer players, and the most recent tally grew by 60 percent over 2014, Reuters reported. billion people in the nation have no bank account, with only 252 million people having Internet access. The global investment activity in the space stood at $19.1

FinTech 41

FinTech Online and Mobile Banking Mobile Payments Accounts 41

PYMNTS

DECEMBER 14, 2018

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. By some accounts , more than 90 percent of existing data was created after 2014.

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

PYMNTS

APRIL 2, 2018

Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens.

Blockchain 68

Blockchain Online and Mobile Banking End User Non-Bank 68

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. and around the world. and around the world. At least not yet.

Online and Mobile Banking 60

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

PYMNTS

FEBRUARY 24, 2016

Now, however, new details have surfaced as to why China’s banks were finally ready to jump on the Apple Pay bandwagon. According to a report in the Chinese news site Caixin , Apple cut a deal with Chinese banks to charge them less fees than what it charges banks in the U.S. banks fork over to Apple per transaction.

Online and Mobile Banking 40

Online and Mobile Banking Push-to-Card Mobile Payments Card Issuer 40

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember. We are trying to do that for them.”.

Online and Mobile Banking 59

Online and Mobile Banking Payment APIs and Integration Authentication Regulations 59

PYMNTS

AUGUST 9, 2017

While UnionPay can boast an impressive 35 percent year-over-year growth, mobile payment methods — particularly Alibaba’s Alipay and WeChat Pay — have grown an estimated 85 percent during the same time period and have come to dominate the payments market in many of China’s urban areas. But looks can be deceiving. The JD.Com Pair-Up.

Online and Mobile Banking 46

Online and Mobile Banking Payments Push-to-Card Mobile Payments 46

PYMNTS

AUGUST 29, 2018

Despite being home to Africa’s biggest mobile phone market, Nigeria is seeing a decline in banked adults. The government in Nigeria has prevented network operators from applying for mobile money licenses that would enable consumers to make cash transfers without having a bank account.

Financial Inclusion 40

Financial Inclusion Central Bank Processors Agreements 40

PYMNTS

OCTOBER 25, 2019

What Apple Pay At Five Says About The Future Of Mobile POS Payments. At the time of iPhone’s live debut in October of 2014, merchants accounting for only 19 percent of all retail sales could enable an Apple Pay transaction, only 39 percent of all iPhones could support an Apple Pay wallet and just 11 percent of all consumers owned one.

Innovation 40

Innovation Office of the Comptroller of the Currency Online and Mobile Banking Void 40

PYMNTS

JANUARY 26, 2017

-based business are an extension of the position that Ant Financial’s Alipay maintains as China’s leading online payments conduit. Last September the Chinese firm bought EyeVerify, a mobile eye recognition tech firm that operates stateside. The money flow has become increasingly digital in nature, across mobile apps.

Cross-Border 46

Cross-Border Online and Mobile Banking Transactions FinTech 46

Fintech Labs Insights

JANUARY 13, 2016

Can you imagine spending as much time with your banking app as you do with Facebook or Twitter? Not only can FINANTEQ imagine it, but with its new banking app, SuperWallet , the Polish spin-off from eLeader is doing everything it can to make it happen across Europe and, soon, the U.S. Headquartered in Lublin, Poland.

Innovation 15

Innovation Online and Mobile Banking Non-Bank Mobile Banking 15