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). Those things can easily be done on mobile.

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

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

The Payments Association

OCTOBER 28, 2024

This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

APRIL 11, 2017

In the developed world, particularly in the United States, mobile payments have entered the scene with a lot of fanfare and great expectations — but haven’t delivered all that much in the way of impressive results. Joseph sat down with Karen Webster in 2015, shortly before his induction into the Payments Hall of Fame.

Online and Mobile Banking 47

Online and Mobile Banking Ubiquitous Debit Card Mobile Payments 47

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. financial services sector as consumers embrace digital technology for the banking and retail industry.

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

CB Insights

DECEMBER 7, 2017

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

Non-Bank 69

Non-Bank Online and Mobile Banking Origination Underwriting 69

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

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

Finovate

MAY 3, 2024

million) investment secured by Danish challenger bank Lunar. Danish fintech unicorn Pleo raises €40m in debt financing Pleo , a Danish B2B spend management platform founded in Copenhagen in 2015, secured a $43 million (€40 million) debt financing facility this week. A few days ago, we highlighted the $25.7 million (€24.1

Small Business 64

Small Business Finance Cross-Border Payments Cross-Border 64

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. With such a staggering amount of money up for grabs, it’s little wonder that SMBs are seeking solutions to tap the online market’s potential.

API 57

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

PYMNTS

SEPTEMBER 6, 2019

Coverage includes a story about how bamboo straws signal a new phase in global commerce, a new mobile payment network and Amazon’s latest push into biometrics, among many other topics and original PYMNTS research. Seven EU Firms Form X-Border Mobile Payment Network. consumers are expected to be shopping online by 2021.

Cross-Border 46

Cross-Border Cross-Border Payments Innovation Online and Mobile Banking 46

Stax

NOVEMBER 13, 2023

Google was the first, in 2011, to enable contactless payments via their mobile app. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

CB Insights

AUGUST 14, 2018

It was the first example of a smart mobile phone. Onlookers were unsure what this device would compete with: Would it hurt mobile phone makers like Nokia or developers of handheld planners like Palm, who were also trying to enter into the phone space? That will be their role in mobile phones as well.”. original iPhone. “No

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

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. Since 2015, Apple has launched two open-source frameworks — ResearchKit and CareKit — to help clinical trials recruit patients and monitor their health remotely.

Law Enforcement 78

Law Enforcement Online and Mobile Banking Use Case Laws 78

Fintech Labs Insights

AUGUST 20, 2015

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Gro Solutions’ Gro Account Opening helps financial institutions present a mobile front door that meets and exceeds the mobile expectations of the new customer. Presenters. David Eads, CEO.

Online and Mobile Banking 25

Online and Mobile Banking Origination Mobile Banking Accounts 25

FICO

MARCH 31, 2016

In Washington, we will feature a session that highlights a use case from a leading APAC-based bank. The bank’s Head of Retail Risk Models will share how the institution managed the risk of a large inventory of decision rating models. Model management continues to present financial institutions with new compliance obstacles.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

CB Insights

JUNE 6, 2019

Declared Bankruptcy: 2015. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month. In September 2015, Quirky finally filed for Chapter 11 bankruptcy protections. The company’s assets were acquired by Q Holdings in 2015, and the firm quietly relaunched the Quirky brand in 2017.

Breach 78

Breach On-Demand Product Acquirers 78

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. The race for mobile-friendly fintech.

FinTech 44

FinTech Online and Mobile Banking Non-Bank Identity Theft 44

FICO

JANUARY 13, 2020

banking industry in the 2020. . In 2018, the DC Circuit Court of Appeals issued a ruling which struck down or vacated, in part, a previous 2015 Declaratory Ruling and Order made by the Federal Communications Commission (FCC). However, the current rules do not address changes in the industry like the advent of mobile banking.

AML 52

AML Authentication Finance OCC 52

PYMNTS

OCTOBER 17, 2016

But Bisignano stuck with the original plan for one simple reason: His customers and his team said they were ready. billion to its bank account — and not the $3.7 That, Bisignano said, meant pushing First Data’s pedal hard on mobile, global and digital. Market volatilities made going to the public markets risky.

Small Business 76

Small Business Online and Mobile Banking Process Innovation 76

PYMNTS

JULY 11, 2016

True or false: Thanks to mobile devices and apps, American consumers spend more time today shopping than they did in 2003. In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. Pop quiz on this Monday morning, so grab your coffee and look alive.

Online and Mobile Banking 42

Online and Mobile Banking Consumer Credential Push-to-Card 42

PYMNTS

MAY 15, 2017

as part of a movement on a global scale, with a focus on mobile wallet usage. That news was paired with words from Chief Financial Officer Howard Katzenberg on a conference call with investors that OnDeck’s newly stricter credit requirements would lead to a 20 percent drop in originations in the second quarter from the previous three months.

Tax Refunds 40

Tax Refunds Online and Mobile Banking Adjustments Origination 40

PYMNTS

JUNE 25, 2018

Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. The Amazon Prime program at Whole Foods also works by linking a mobile number presented at checkout. As one of the 90 million U.S.

Online and Mobile Banking 62

Online and Mobile Banking Consumer Non-Bank Product 62

PYMNTS

JUNE 23, 2016

The public affinity for cash is particularly visible in Belgium, Italy, Malta and Portugal — all of which are projected to show double digit total cash growth between 2015 and 2020. According to the Bank for International Settlements, in 2014, Swedish vaults held close to 3.6 That’s the kind of love that Germans place on cash.”

ATM 41

ATM Credit Cards ATMIA Privacy 41

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

PYMNTS

AUGUST 12, 2016

Barcode-Based Mobile Payments. CVS announced yesterday that it will launch its own mobile payments app, CVS Pay, which will expedite payment when prescriptions are being picked up. It’s worth noting that CVS supports no other mobile wallet at this point. Online Lending. Global Citizens. Apple And The Aussies.

Rules 40

Rules Fincen Online and Mobile Banking Cross-Border 40

PYMNTS

MARCH 28, 2016

The cost associated with check processing and the lose-lose business model for check clearing imposed on banks by the Fed is one of reasons that checks are such a drag on the financial system. In fact, my bank loses the use of those funds the minute that the check is presented, regardless of when Bryan uses the money.

Faster Payments 48

Faster Payments Checks Payments Fed 48

PYMNTS

APRIL 11, 2016

So natural, in fact, that the original brands can no longer protect their copyright. Now, every Kleenex and Bayer Aspirin and J&J Band-Aid wannabe can go crazy making copycat products — and legitimately use the original inventor’s name to establish a mental frame of reference as they scheme to get customers to switch to their brand.

Venmo 45

Venmo PayPal Online and Mobile Banking Push-to-Card 45

Fintech Labs Insights

APRIL 4, 2016

The process is 100% online, available 24/7, and interest rates range from 8% to 20%. Pictured (left to right): Kabbage Director of Payment Operations, Michelle Sirpak, and Head of Product, Jason Dell demonstrating the Kabbage Card at FinovateSpring 2015 in San Jose. Kabbage provides fully automated financing to SMEs in minutes.

Online and Mobile Banking 15

Online and Mobile Banking Small Business Underwriting Origination 15

Fintech Labs Insights

JULY 21, 2016

The San Francisco-based company offers mortgage lenders white-labeled technology to help efficiently originate loans while giving applicants the smoother user experience they’ve come to expect. Helped originate $6 billion in mortgage loans in Q4 2015. One third of Blend mortgage applications take place on mobile devices.

Process 18

Process Online and Mobile Banking Origination Consumer 18

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

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

Fintech Labs Insights

JULY 16, 2015

Alfa-Bank’s Sense Financial Advisor brings personalization to larger universal banks by using big data analysis and artificial intelligence. The Buzz Points mobile app and merchant portal benefits local financial institutions and local businesses by creating a currency to incentivize account holders.

Online and Mobile Banking 26

Online and Mobile Banking Payment APIs and Integration Advisors Push-to-Card 26

Fintech Labs Insights

APRIL 30, 2015

We hope you’ve enjoyed the opportunity to get to know a little about the companies that will be taking the stage at FinovateSpring 2015. Sneak Peek: Aurora Financial Systems and Mistral Mobile. And now let us introduce you to the final fourteen companies of FinovateSpring 2015. Founded: 2015. Founded: 2015.

Online and Mobile Banking 26

Online and Mobile Banking API Credit Union Automation 26

CB Insights

OCTOBER 29, 2018

Microsoft was late to the mobile game and quickly fell behind Apple and Android in the platform wars. 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. See how corporates are failing when it comes to innovation. Price: $7.9B.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76