Fintech News

SEPTEMBER 18, 2024

In China, for example, biometric payments are already widely used, with services like Alipay offering facial recognition for payments since 2015. Juniper Research forecasts global biometric payments to grow over 100% between 2024 and 2028, and reach US$3 trillion in mobile, biometric-secured payments by 2025.

APACS 64

APACS Stablecoins Alternative Payment Methods BNPL 64

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

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

PYMNTS

SEPTEMBER 27, 2016

One where a trip to the grocery store or the bank is a thing of the past (if it isn’t already). Research shows that consumers want more personalization and convenience. consumers preferred shopping for groceries online and having them delivered to their homes. The research is mixed on this. In 2016, 5 percent of U.S.

Mobile Payments 72

Mobile Payments Online and Mobile Banking On-Demand Payments 72

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. A report by Juniper Research predicts that by 2024, there will be 4.6 billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

NOVEMBER 28, 2018

Tencent’s WeBank, China’s first internet-only bank, is banking on artificial intelligence to improve customer service, reported CNBC. “Banking, traditionally, was passive in a sense that … there is an office and people walk in and get services and only the VIP get(s) the best services,” Qiang said.

AI 57

AI Automation Consulting Process 57

PYMNTS

NOVEMBER 28, 2016

For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight. How can banks truly do more?

Online and Mobile Banking 72

Online and Mobile Banking Mobile Payments Checks Consumer 72

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

The Fintech Times

MARCH 20, 2024

Not only were in-store payments affected, but the “vast majority” of online grocery orders were also unable to be delivered. According to research from UK Finance , half of all payments (50 per cent) in the UK were made using debit cards in 2022. Action is urgently needed to solve the UK’s banking deserts.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Sales of smartwatches grew by 89 percent in the first six months of 2016 compared to the same period in 2015, which is a marked improvement after a slow initial sales period. The gloves are off in the fight for Europe’s mobile payments market.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

JUNE 3, 2016

SMEs aren’t getting the banking services that fit their needs now that they’re demanding online and mobile solutions, however. “Banks have a window right now to take advantage of that.” “Banks have a window right now to take advantage of that.”

Online and Mobile Banking 42

Online and Mobile Banking Small Business Wire Transfer Value Added Service 42

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

JUNE 2, 2017

Symantec, a cybersecurity firm that specializes in research and cloud-based security, released new insights surrounding financial malware and ransomware in its latest Internet Security Threat Report (ISTR). Last year, the country made up 37 percent of detections – an increase from 34 percent in 2015.

Ransomware 46

Ransomware Online and Mobile Banking Cybersecurity Authentication 46

Fintech News

DECEMBER 17, 2023

Akulaku – US$2 billion Indonesia’s most valuable fintech startup is Akulaku, an online banking and digital finance platform valued at US$2 billion. Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics.

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

PYMNTS

OCTOBER 14, 2016

According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks. But few in India have good credit, and many do not have a bank account. Gyandhan has partnered with SBI and Axis Bank.

Finance 74

Finance Online and Mobile Banking Credit Cards On-Demand 74

Fintech Labs Insights

AUGUST 22, 2024

Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base. QuickFi : Reported a 45% increase in loan volume.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

APRIL 11, 2017

That means enabling people to pay in-store or online via the payment method that is most convenient for them at any given moment. According to the PYMNTS.com Global Cash Index™ , a Cardtronics collaboration, Americans spent a total of $2,359 billion in cash in 2015, and cash usage in the U.S. In 2015, cash usage in the U.S.

ATM 41

ATM Non-Bank Online and Mobile Banking Scams 41

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 Encryption Online and Mobile Banking 88

PYMNTS

NOVEMBER 7, 2016

“In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. PYMNTS.com research shows that Polish consumers are being lured away from cash by new digital forms of payment. Cash’s volatile reign.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card ATM Research 60

Fintech Labs Insights

JUNE 1, 2016

The “tech startup from New York” as it called itself during its Finovate debut this spring is the choice of China’s Fujian Rural Credit (FJRC) , which is enhancing its online and cloud-based banking offerings. The company has 300,000 employees and produced revenues of more than $81 billion in 2015. Virginia M.

Mobile Banking 15

Mobile Banking Online and Mobile Banking Credit Union Credit Risk 15

PYMNTS

JULY 11, 2016

A report published by TechSci Research late last week says India is poised to see a 14 percent combined annual growth rate between 2016 and 2021 in the accounting software space. Then, there’s the growing adoption of enterprise-friendly mobile solutions and the BYOD movement within India. billion, up from $3.8

Accounts 41

Accounts Innovation Online and Mobile Banking Automation 41

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

PYMNTS

OCTOBER 13, 2016

While making a purchase online may feel like a granted convenience to most modern-day consumers, finding the right method of payment isn’t always as simple as it may seem, especially outside of the U.S. In fact, in certain parts of the world, the online ordering process isn’t always quite so predictable or smooth.

Online and Mobile Banking 53

Online and Mobile Banking Debit Card Credit Cards Visa 53

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. “And this is exactly what we do.”

Innovation 15

Innovation Online and Mobile Banking Non-Bank Mobile Banking 15

Fintech News

JUNE 3, 2024

According to a 2019 research report by Bain and Company in collaboration with Google and Temasek, digital financial services revenues in Indonesia are projected to reach US$8.6 Its portfolio comprises 16 Indonesian fintech startups, including online lending platform Julo, stock investing app Stockbit, and earned wage access startup Wagely.

FinTech 116

FinTech Boot Camp Participant Online and Mobile Banking 116

PYMNTS

OCTOBER 20, 2016

To shift consumers’ payment behaviors will take more than just providing another ‘me too’ mobile payments option; leading merchants will identify and provide next-generation, value-added services.”. That figure is down by 7 percent since 2015. Why are mobile payments so unappealing? use cash at least weekly to make a purchase.

Payment APIs and Integration 65

Payment APIs and Integration Online and Mobile Banking EMV Chip Cards 65

Fintech Labs Insights

SEPTEMBER 16, 2016

Alkami Technology , which demoed at FinovateStartup 2009 as iThryv and transitioned to its current incarnation a year later , announced this week that Desert Schools Federal Credit Union will use its ORB (Online Relationship Builder) digital banking platform.

Technology 18

Technology Credit Union Online and Mobile Banking Mobile Banking 18

PYMNTS

OCTOBER 2, 2017

Based on PYMNTS’ analysis of mobile wallet adoption , usage of mobile wallet services from major providers — like Apple, Samsung and Android — has so far been sluggish. In fact, Apple Pay, one of the first mobile wallets on the market, saw its usage drop below its 2015 peak of 5.9 Freedom from wallets, smartphone?

Online and Mobile Banking 43

Online and Mobile Banking Payment APIs and Integration Payments Contactless Payments 43

CB Insights

FEBRUARY 1, 2019

Today, Indonesia features one of the most compelling macro backdrops for investment globally with a young, optimistic, and upwardly mobile population of 264M. Speaking of mobile, smartphone penetration in Indonesia continues to grow with close to half of Indonesia’s population expected to own a smartphone by next year.

Online and Mobile Banking 61

Online and Mobile Banking Small Business Non-Bank Economy 61

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

CB Insights

NOVEMBER 21, 2019

The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Digital banking and financial infrastructure. APIs) directly to end-users. Personal finance. Regulatory tech.

FinTech 93

FinTech End User Online and Mobile Banking Payment APIs and Integration 93

CB Insights

JULY 25, 2019

They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . In fact, between 2015 and 2050, the world population of people aged 60+ is expected to nearly double from 12% to 22%. Source: Deloitte.

FinTech 73

FinTech Online and Mobile Banking Elder Abuse On-Demand 73

PYMNTS

OCTOBER 31, 2016

“They’ve been using online banking; they’ve been paying bills online. ” The VP cited research released earlier this year from Intuit, which found that small businesses are flocking to cloud apps to run their businesses. “These small businesses are consumer internet users,” he explained.

B2C 77

B2C B2B Small Business PayPal 77

PYMNTS

SEPTEMBER 5, 2018

vendors have begun denying their overseas clients trade credit terms, Atradius research found, while separate data from The Hackett Group calculated $1.1 Online payment is a must.” Today, mobile platforms and QR codes present more opportunities to ease payer friction, especially for companies that still send paper invoices.

Payments 40

Payments Debit Card Online and Mobile Banking Credit Cards 40

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. A bashing that started in Europe in 2015 when the European Commission filed suit against Google for anticompetitive practices has accelerated sharply worldwide. Top Performers.

Payment APIs and Integration 40

Payment APIs and Integration Push-to-Card B2B Cross-Border 40

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. A bashing that started in Europe in 2015 when the European Commission filed suit against Google for anticompetitive practices has accelerated sharply worldwide. Top Performers.

Payment APIs and Integration 40

Payment APIs and Integration Push-to-Card B2B Cross-Border 40

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