Fintech Labs Insights

JULY 23, 2015

Five Finovate alums – including three innovative bank partners – have made it to the finals of the BAI Global Banking Innovation Awards 2015. Lending Club , Moven , and PayItSimple will compete for top honors in the “Most Innovation Non-Bank Financial Services Organization Award.”

Innovation 24

Innovation Non-Bank Origination Product 24

PYMNTS

DECEMBER 10, 2016

Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club. IPO of the year.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 109

FinTech Online and Mobile Banking Blockchain Product 109

Fintech Labs Insights

NOVEMBER 18, 2014

In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). My wife loved Blockbuster. It took an hour!

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

PYMNTS

MARCH 18, 2019

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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. get the REPORT on next generation investors.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

Payment Savvy

JUNE 18, 2020

In 2015, more than 6.1 Fully known as the Society for Worldwide Interbank Financial Telecommunication , it is a bank to bank payment instruction system. The SWIFT system can be used by money brokers, clearing systems, security broker-dealers, and even non-bank financial institutions, amongst others.

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

DECEMBER 27, 2016

All these transactions involve large, cross-border payments, which are typically complex, non-transparent and fraught with challenges for both the payer and payee. colleges and universities alone in the 2015–2016 academic year. Not surprisingly, the fastest-growing places of origin for international students are China, India and Korea.

Cross-Border Payments 45

Cross-Border Payments Cross-Border Payee Payer 45

CB Insights

AUGUST 14, 2018

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” original iPhone. “No No one’s going to buy that.”. ” 14.

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

PYMNTS

MAY 11, 2017

Several major banks, including Citi and Standard Chartered, recently launched their own APIs to help their various clients access each banks’ financial toolsets to address their individual needs. Bank, host hackathons to motivate the developer community to build these tools. Bank’s “Think Big, Hack Small” hackathon.

API 57

API Payment APIs and Integration Online and Mobile Banking Small Business 57

CB Insights

OCTOBER 12, 2017

With historically weak banks and many citizens without proper identification, India has always lagged in access to financial services. UPI is a payment system that allows two individuals with bank accounts to instantly transfer money to each other with a single identifier. A more robust option is the payment bank license.

FinTech 44

FinTech Online and Mobile Banking Non-Bank Identity Theft 44

Fintech Labs Insights

JULY 14, 2015

Topicus demonstrated its Force Business Lending solution in February at FinovateEurope 2015. The technology is a straight-through business process platform for loan origination for SMEs and corporate businesses. And the bank is no longer a one-stop shop for finance. “What’s your solution for that?

Risk Assessment 28

Risk Assessment Risk Origination Non-Bank 28

PYMNTS

SEPTEMBER 20, 2017

Over the years, non-profit business model credit unions have faced heavy competition from larger, for-profit banks. The rise of FinTech companies has made the financial services industry more cutthroat as both credit unions and traditional banks are being forced to consider how to respond to these new providers.

Credit Union 49

Credit Union FinTech Non-Bank Innovation 49

CB Insights

SEPTEMBER 27, 2017

Netflix is very much a television network and not unlike what HBO and Showtime have done for years, they have some original product that goes out there. Jaguar Land Rover: “We don’t consider customers cargo,” said Jaguar’s head of R&D, Wolfgang Epple, in 2015. They’ve had other movies. ” 14.

Bitcoin 65

Bitcoin Advisors Innovation Blockchain 65

FICO

JANUARY 15, 2021

Sally notes that analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Posting 59

Posting Agreements Credit Cards Consumer 59

PYMNTS

JUNE 25, 2018

I’ve been writing about the impact Amazon would have on the consumer’s grocery shopping journey and disruption to the grocery segment since Amazon introduced Dash buttons in March of 2015. Why not extend the concept of the local marketplace to include non-food retailers too? Prime for a Payments Switch.

Online and Mobile Banking 62

Online and Mobile Banking Consumer Non-Bank Product 62

PYMNTS

OCTOBER 31, 2016

One-third of millennials cannot be scored by a credit bureau due to their lack of credit history, and of the “scorable” group, two-thirds of consumers under 30 have subprime or non-prime credit scores. They are the original “get big, worry about profit later” web tech firm. percent in the 12 months ended in October 2015.

Credit Cards 43

Credit Cards Push-to-Card Federal Reserve Consumer 43

PYMNTS

MARCH 19, 2016

Since the food poisoning outbreaks started in the latter half of 2015, a small but vocal cohort of nauseated people have complaining loudly on social media that perhaps Chipotle’s branding as the “fresh” and “healthy” alternative to fast food is a bit misleading. coli bacteria. So how bad is it, what’s the way back and will it work?

Rules 41

Rules Fed Consumer Non-Bank 41

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

PYMNTS

AUGUST 22, 2016

Stuck inside the computer was the original owner of the house, a guy named Jack Clark. All of a sudden I feel like a criminal with the $100 bill in my wallet that I got that last time I used a Bank of America ATM, and it’s in the genes since I know that my dad has a hoard of cash at home. Don’t have a bank account?

Checks 41

Checks CFPB Bitcoin Payments 41

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 ). The New York City-based startup was originally founded in 2011 as Crowdnetic, then rebranded in 2016 as FinMkt. Subscription Banking: Revolut Launches Freemium Model. Finals : FinMkt, Goodworld.

FinTech 15

FinTech Participant Non-Bank Finance 15

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 Signicat Sign is the company’s digital signature technology which helps ensure the integrity, origin, and non-repudiation of digital documents. ” Company Facts.

On-Demand 15

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

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

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

In 2015, the acquisition was written down for $7.6B. By 2015, however, Tumblr was still failing to turn a profit. Bank of America and Countrywide. For financial giant Bank of America, the $4B acquisition of mortgage lender Countrywide in 2008 probably seemed like a natural way to grow the business. Google and Nest.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

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

Fintech Labs Insights

NOVEMBER 16, 2016

Leveraging the power of technology to make raising capital in the bond market easier and more efficient for large companies is the goal of Overbond , the Toronto-based startup launched in 2015. Founded in 2015. Here are his thoughts on the impact his company’s technology can make on the bond origination process.

Technology 17

Technology Issuers Origination Process 17

PYMNTS

OCTOBER 16, 2017

The notion that central banks will give up monetary control of their fiat currencies for a global cryptocurrency, especially bitcoin, is just not happening, so we should stop talking about it. The FBI reports that some $28 million in losses were reported to them in 2016, triple what they say they saw in 2015.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71

CB Insights

OCTOBER 31, 2017

2015 Second Update (12/3/2015). 2015 First Update (8/15/2015). Original 50 Startup Failure Post-Mortems (1/20/2014). Indeed, co-founder Alejandro Resnik, the CEO, told the WSJ in 2015 that it was looking to raise a “monster round” of $300 million at a $2 billion valuation to fuel its national expansion.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

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. In 2015, Activision approached Apax to ask if the investor would consider selling its shares in publicly-traded King. The growth of Chinese ecommerce from 2007 to 2015.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

PYMNTS

FEBRUARY 1, 2017

The Securities and Exchange Commission-led legislation, which itself only went into effect in 2015, enables the “average Joe” to invest in their local small businesses by buying into equity shares, with firms allowed to raise up to $50 million.

Regulations 58

Regulations Small Business Finance Legal 58

PYMNTS

FEBRUARY 24, 2017

The Wells Fargo saga seemingly never ends, with the latest wrinkle coming amid the news that the beleaguered bank may be pressed by Prudential to shoulder legal fees the latter may incur defending against allegations that retail bankers pushed Pru insurance on clients. From Ring comes ca-ching. Wells To Shoulder Pru Costs? It also puts U.S.

Federal Reserve 40

Federal Reserve Push-to-Card Non-Bank Credit Cards 40

CB Insights

APRIL 7, 2018

While R&D scientists may seem non-essential to the manufacturing process, they are increasingly critical for delivering the latest and greatest technology, especially in high-tech manufacturing. As a report by Bank of America Merrill Lynch explains: “long robots, short humans.”. Robotics automate the once-odd jobs. Warehousing.

Technology 78

Technology Blockchain On-Demand Automation 78

Fintech Labs Insights

JUNE 11, 2015

The goals of the project are twofold: To make it easier for developers to build payment apps for banks by embracing Open APIs. To make it easier for banks to safely access new payment technologies by providing resources like curated app marketplaces. As of March 2015, Ixaris had raised $10 million in equity financing.

Payments 22

Payments API Compliance Innovation 22

CB Insights

OCTOBER 4, 2018

At $150B, the current valuation of Ant trumps the market capitalizations of leading financial institutions around the world, from Goldman Sachs and Morgan Stanley to Banco Santander and The Royal Bank of Canada. of US transaction volume in 2015. By 2015, it had grown to close to 50%. Notably, card payments accounted for $5.7T

Online and Mobile Banking 78

Online and Mobile Banking FinTech Mobile Payments Regulations 78