CB Insights

JUNE 17, 2021

From digital banking and lending to budgeting and payments, tech giants are revamping their financial services offerings through partnerships with legacy institutions and in-house solutions that fit into their wider product ecosystems. . How big tech’s product strategies differ across banking, payments, lending, and e-commerce.

FinTech 100

FinTech Non-Bank Participant Product 100

Fintech News

FEBRUARY 7, 2024

Fintech funding in Southeast Asia, Source: Fintech – SEA Annual Funding Report, Tracxn, Quarter 4, 2023, Jan 2024 Other nations including Indonesia, the Philippines and Thailand also witnessed some noteworthy fintech VC rounds in 2023, paving the way for continued momentum in 2024 onwards. Soft Space – US$31.5

FinTech 106

FinTech Online and Mobile Banking Non-Bank On-Demand 106

Fintech News

FEBRUARY 7, 2024

Fintech funding in Southeast Asia, Source: Fintech – SEA Annual Funding Report, Tracxn, Quarter 4, 2023, Jan 2024 Other nations including Indonesia, the Philippines and Thailand also witnessed some noteworthy fintech VC rounds in 2023, paving the way for continued momentum in 2024 onwards. Soft Space – US$31.5

FinTech 93

FinTech Online and Mobile Banking Non-Bank On-Demand 93

PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted. In a press release issued Monday (Oct.

Automation 76

Automation Cross-Border Payments Cross-Border Non-Bank 76

PYMNTS

JANUARY 12, 2017

banks — and large banks everywhere — are losing market share in their corporate clients’ FX needs, new data revealed. banks has declined — as has the number of companies using a U.K. bank as their primary provider of FX services. banks has declined — as has the number of companies using a U.K.

Non-Bank 40

Non-Bank Volume Research Service Provider 40

PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

FinTech 72

FinTech Security Cybersecurity Non-Bank 72

PYMNTS

NOVEMBER 27, 2018

They’re also taking their toll on the non-bank mortgage lenders that proliferated in the good old days of zero or near-zero interest rates, compliments of the Federal Reserve. The Incredible Shrinking Non-Bank Mortgage Lending Market. Instead, they often rely on short-term bank loans – now also at a more expensive rate.

Non-Bank 46

Non-Bank Underwriting Federal Reserve Origination 46

PYMNTS

JANUARY 9, 2020

The country’s P2P industry, although just a small portion of overall lending, is nevertheless a compelling credit source for businesses and consumers that can’t obtain loans through China’s traditional banking system. Stronger regulatory rules compelled P2P services to plunge to 343 last year compared to 2,680 in 2016.

P2P 52

P2P Shutdown Non-Bank Regulations 52

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 6, 2017

At least, that’s the case in England anyway, with Bank of England ’s (BOE) Chief Cashier Victoria Cleland adamantly stating that “cash is not in decline.”. 5, continuing the argument that, despite the fact that non-cash purchases and transactions are on the rise in the U.K., Very notable in the U.K.

Non-Bank 48

Non-Bank Digital Payments Bitcoin Cryptocurrency 48

PYMNTS

OCTOBER 31, 2019

Yes Bank in India has received an offer from an unnamed investor in the amount of $1.2 billion for a stake in the bank, according to a report in the Financial Times. Although the bank did not name the investor, the investor made the offer through newly issued equity. He was replaced by Deutsche Bank executive Ravneet Gill.

Non-Bank 40

Non-Bank Regulations Breach Continuity 40

PYMNTS

JANUARY 15, 2019

challenger banks Tide and ClearBank are teaming up to apply for a portion of the $1 billion made available by Royal Bank of Scotland (RBS) to promote banking competition, Tide announced Monday (Jan. ” Their collaboration combines Tide’s digital SMB banking platform with ClearBank’s payments infrastructure.

Non-Bank 60

Non-Bank Governance Government Risk Management 60

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy. Shifts in Lending Practices.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

AUGUST 27, 2019

FS Vector’s partner John Collins — head of policy at Coinbase from September 2014 to January 2016 — will serve as Facebook’s lobbyist. . The hiring comes at a time that Facebook’s launch of Libra continues to get pushback from lawmakers. The members all made a non-binding promise to invest at least $10 million.

Cryptocurrency 57

Cryptocurrency Regulations Non-Bank Blockchain 57

PYMNTS

DECEMBER 17, 2018

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. The accountant is then able to choose the best option for the company, and continues as the point of contact for funding providers.

Small Business 78

Small Business Finance Non-Bank Assessments 78

PYMNTS

DECEMBER 30, 2019

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But recent reports in the Wall Street Journal Monday (Dec. But recent reports in the Wall Street Journal Monday (Dec.

Federal Reserve 52

Federal Reserve Small Business Non-Bank PayPal 52

PYMNTS

FEBRUARY 14, 2018

Reuters, citing the Federal Reserve Bank of New York, reported that household debt for the U.S. On a year-over-year basis, the household debt of Americans was $402 billion higher than the fourth quarter of 2016. The latest numbers, which include non-real estate debt, grew at an 8.83 percent from 2.4 billion in October.

Federal Reserve 44

Federal Reserve Non-Bank Adjustments Credit Cards 44

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs. by FICO.

Credit Cards 40

Credit Cards Automation Card Issuer Non-Bank 40

PYMNTS

NOVEMBER 30, 2019

billion in 2016 from $9.3 Still, it set a precedent for Monopoly add-ons, which continue to emerge to this day.”. The newest version of Monopoly is called “Monopoly Voice Banking.” Even with such advances, though, expect non-digital board games to keep thriving, at least if current trends hold.

Non-Bank 84

Non-Bank Online and Mobile Banking Research Consumer 84

PYMNTS

OCTOBER 24, 2019

The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. And in effect, these tech-savvy upstarts would have been able to act like banks, operating as banks do, to take deposits and make loans.

Legal 40

Legal Office of the Comptroller of the Currency OCC FinTech 40

PYMNTS

AUGUST 7, 2019

FreshBooks aims to differentiate itself by creating easy-to-use accounting software that has a non-accountant user in mind while delivering “best-in-class” customer service, the company said in an announcement. In February of this year, FreshBooks announced the addition of bank reconciliation and double-entry accounting to its software.

Small Business 51

Small Business Non-Bank Reconciliation Accounts 51

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs.

Credit Cards 40

Credit Cards Automation Card Issuer Non-Bank 40

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 105

FinTech Online and Mobile Banking Blockchain Product 105

PYMNTS

SEPTEMBER 19, 2017

While non-bank financial institutions (FIs) and FinTechs may be keeping traditional banks on their toes, banks still have the largest piece of the corporate banking pie.

Innovation 43

Innovation Payment APIs and Integration Non-Bank Fraud Detection 43

PYMNTS

SEPTEMBER 26, 2016

That’s according to Capgemini and BNP Paribas, which recently released new research through the 2016 World Payments Report (WPR). Checks have decreased for years and continue to do so, down 10.8 As a result, the call for banks to keep pace continues. billion transactions. percent growth the previous year (387.3

Payments 73

Payments Fraud Detection Non-Bank Volume 73

PYMNTS

APRIL 29, 2019

Reports in Bloomberg Law’s Big Law Business on Friday (April 26) said Investment bank Cowen and accounting firm Grant Thornton are both seeing members of their senior executive teams join the SEC’s initiative. It succeeds the Advisory Committee on Small and Emerging Companies, which ceded operation in 2017.

Small Business 43

Small Business Email Compromise Laws Scams 43

PYMNTS

FEBRUARY 10, 2017

Krebs noted that the first mention of the breach came from a Credit Union Service Organization (CUSO) called PSCU , which sent out a non-public alert to the 800 credit union member banks it serves advising that it had received a list of compromised card numbers from Mastercard and Visa.

Credit Cards 47

Credit Cards Data Breach Credit Union Service Organization Credit Union 47

PYMNTS

MARCH 10, 2017

A new report by the Australian Securities and Investment Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) suggests the nation’s largest banks aren’t complying with rules to protect small business borrowers. I’m gob-smacked really,” said ASBFEO’s Kate Carnell in a statement.

Regulations 40

Regulations Small Business Non-Bank Rules 40

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.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

PYMNTS

JANUARY 23, 2018

Superior Press , a treasury management solution provider for commercial banks, is acting on that need. Steve Traut, co-owner and SVP of Sales at Superior Press , recently spoke with PYMNTS about why the company is helping banks stay up to date with technologies to help manage paper check volume, despite ongoing talk of its eventual demise.

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

FEBRUARY 27, 2017

Tungsten’s Orbian partnership follows the firm’s decision to sell Tungsten Bank at the end of 2016. Vira also told PYMNTS the solutions offered by the duo do not in fact offer up competition for banks or other traditional lenders.

Finance 58

Finance Non-Bank Agreements Facilitators 58

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. Big banks have moved away from the segment in general — and from subprime borrowers in specific.

Non-Bank 55

Non-Bank Finance Risk Fed 55

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. According to the 2016 Federal Reserve Payments Study, which was released Thursday (Dec. from 2012 to 2015. What’s more, U.S.

Debit Card 40

Debit Card Federal Reserve Chip Cards CHIPS 40

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

JUNE 29, 2017

As eCommerce pushes its way onward and upward, retailers are continually looking for ways to protect consumer data while providing a quality commerce experience for all parties involved. Out of the $22.049 trillion in total retail sales around the world in 2016, eCommerce makes up $1.915 trillion, or 8.7 Is true streamlining possible?

Process 57

Process ISOs Push-to-Card VARS 57

FICO

DECEMBER 21, 2016

Many banks get so many alerts today about suspicious activity that they can’t prioritize their efforts. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. In September 2016, new leaks exposed the people connected to a whopping 175,000 Bahamian companies registered between 1990 and 2016.

Compliance 45

Compliance Financial Crimes Crime Money Laundering 45

PYMNTS

AUGUST 29, 2017

In corporate finance, chatbots are gaining steam in areas like banking and accounting. To highlight this trend, eft pointed to some historical data in its Hot Trends in Supply Chain report: 79 percent of businesses said they were not engaging with chatbots in any capacity in Q4 2016. This, too, was a surprise to Garner.

Blockchain 75

Blockchain Automation API On-Demand 75