Fintech News

JUNE 10, 2024

In his new role, Maloney will focus on enhancing UOB Thailand’s digital capabilities, expanding product offerings, and connecting clients to market opportunities within Thailand and across UOB Group’s regional network. Tan joined UOB in 2012 as Head of Group Credit (Retail) and became CEO of UOB Thailand in 2016.

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Card Issuer Compliance Government Governance 108

PYMNTS

FEBRUARY 2, 2017

It’s well known that Amazon has dominated the eCommerce market for years, but a new report shows just how much: Slice Intelligence found that Amazon accounted for 43 percent of all online sales in 2016. percent in 2012. Slice Intelligence attributed most of Amazon’s gains to sales of electronics, home and apparel categories.

Accounts 60

Accounts Product Consumer 60

PYMNTS

DECEMBER 30, 2016

2016 started off with a bang in the retail world when MPD and PYMNTS uncovered a few discrepancies in the retail data that many major retailers and reporting institutions were using to underestimate the impact of digital sales on brick-and-mortar sales. “In A Retail Data Reporting Error Was Uncovered.

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EMV Visa Alternative Payment Methods Multifactor Authentication 49

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. Merchants are capitalizing on the power of deals more than ever before. Whether it’s buy one, get one free or just a 20 percent off coupon, merchants are answering the call for shopping promotions.

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Consumer Product Transactions Process 74

PYMNTS

JANUARY 31, 2017

Whereas the latter half of 2016 saw a downward spiral in retail stocks, Ulta was the ray of light shining through with a 38 percent stock surge. The unexpected beauty queen reigning supreme is none other than cosmetic superstore Ulta , where anyone can walk in off the street for countless hair and makeup options.

Research 63

Research Innovation Accounts Product 63

FICO

APRIL 26, 2016

FICO ® World 2016, The Decisions Conference , kicks off today in Washington, DC. The event will be hosted by Stuart Wells, our executive vice president of Products and Technology, and chief technology officer at FICO and showcase our latest analytics and decision management technology innovations. Date: Tuesday, April 26, 2016.

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Innovation Technology Posting Product 40

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Major Shifts in Payments. Here are three key shifts we’ve seen in 2016. We’ve Got The Technology. Where’s The Value?

Payments 50

Payments Cryptocurrency Bitcoin Innovation 50

PYMNTS

FEBRUARY 14, 2019

The brand will make forays into home, accessories and candy products, and will open a second airport store at Chicago Midway International Airport. Toy brand FAO Schwarz is continuing its resurgence with the announcement of several new locations and a few different licensing agreements to move beyond toys, according to reports.

Product 49

Product Agreements Authentication Continuity 49

PYMNTS

JANUARY 28, 2019

Amazon wants to get more exclusive — and it wants other companies to help with that effort by developing product lines meant to be sold only via the eCommerce operator. Private-label products provide a big opportunity, whether with Amazon or without. That move comes as Amazon has had trouble wooing some direct-to-consumer brands.

Product 58

Product Consumer Research Continuity 58

PYMNTS

NOVEMBER 4, 2016

3) new analysis that shows that, by leveraging its online shelf space to introduce new private-label products, Amazon has had success in stealing market share from established brands in a lot of product categories. 1010data released Thursday (Nov. 1010data found that, from Sept. 2015 to Aug. 1010data found that, from Sept. 2015 to Aug.

Product 62

Product NOV Accounts Research 62

FICO

MAY 5, 2016

FICO World 2016, The Decisions Conference, came to a close in Washington, DC last week; here is a detailed breakdown of where you can find the best videos, announcements, pictures and session presentations from the event: Announcements. Future of Decision Management Explored as FICO World 2016 Opens. FICO CTO Launch Event 2016.

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Cybersecurity Breach Posting Authorization 40

PYMNTS

JUNE 13, 2017

Jet.com will be phasing out retail products under the Kirkland Signature brand, which is owned by Costco. Walmart’s Sam’s Club chain has been working to boost sales by focusing on its own main store brand, Member’s Mark, consolidating about 20 different labels under that one private label and adding 300 new products.

Product 40

Product Acquirers Research Accounts 40

PYMNTS

JANUARY 7, 2019

The company said the funding will go to boost its product development team and expand the deployment of its technology in more stores. Glaser, the co-founder and chief technology officer at Pandora Radio, rolled out Grabango in 2016 to save people time when shopping in stores. As Arthur C.

Product 55

Product Technology Participant Finance 55

PYMNTS

MARCH 18, 2019

We analyzed over 23,000 products launched by Amazon under more than 400 different brands. It is quantity vs. quality – AmazonBasics represents less than 5 percent of products launched, but more than 57 percent of sales.”. Amazon has upwards of 550 of its own goods, and not many of them are popular.

Product 43

Product Volume Checks Continuity 43

PYMNTS

FEBRUARY 9, 2017

million in revenue during Q4 2016, which is a significant increase of 38 percent from its 2015 Q4 earnings of $100 million. Grubhub CEO Matt Maloney went into why he believes the company saw such success over the last year in this quote from the earnings call : “2016 was an incredibly successful year for Grubhub.

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On-Demand Adjustments Acquirers Economy 40

Finovate

SEPTEMBER 3, 2024

Founded in 1975, ACI Worldwide has been a Finovate alum since its debut at our developers conference, FinDEVr Silicon Valley 2016. “We are excited to extend our collaboration by joining the Red Hat partner ecosystem,” ACI Worldwide head of product management Scotty Perkins said.

Financial Inclusion 59

Financial Inclusion Real Time Payments Instant Payments Innovation 59

Fintech Finance

SEPTEMBER 17, 2024

The company specializes in delivering consulting-led product engineering, data engineering, and enterprise AI solutions. Founded by Michael Wear and Melody Pak, Blankfactor has grown rapidly since its kick-off in 2016 through strategy-led product engineering with deep vertical knowledge.

Acquirers 81

Acquirers Consulting Best Practices Payments 81

PYMNTS

JANUARY 3, 2017

Apple is gearing up to cut production of its iPhone by roughly 10 percent in the new year. According to a report by the Nikkei Asian Review , the production cut will happen in the first quarter and comes on the heels of Apple cutting production from January to March 2016 because of a buildup of the iPhone 6s.

Product 41

Product On-Demand Contactless Payments CHIPS 41

PYMNTS

JANUARY 10, 2017

Membership-only warehouse club Costco rounded out 2016 with a bang. The latter element is also significant because Costco keeps fewer than 4,000 stock keeping units (SKU), meaning that there is only one product per type of item besides its private label (typically, Kirkland). and more in Canada (7 percent). Canada, the U.K.,

Product 40

Product 40

PYMNTS

DECEMBER 29, 2016

Microsoft may not be a red hot mobile app startup, but 2016 turned out to be a good year for the leading maker of software. In September, Microsoft created a new 5,000-strong engineering and research team focused on artificial intelligence products.

AI 47

AI Acquirers Research Product 47

CB Insights

AUGUST 23, 2016

From mobile fitness platforms to patient-doctor communication apps to online portals for selling pharma products, there has been a boom in investment to Chinese digital health companies in the first half of 2016. In total, over $1.1B has been deployed … Continued.

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Continuity Product 47

PYMNTS

MARCH 3, 2017

million in 2015 to $130 million in 2016. The likely culprit of Vitamin Shoppe’s stagnant yet stable condition of its direct sales is because of two changes in 2016. Now although the supplement company’s direct sales decreased four percent in Q4, its overall direct sales for the year saw a slight uptick of 0.9 percent from $128.8

Transactions 40

Transactions Accounts Product 40

PYMNTS

JULY 3, 2019

The company hasn’t been active on the site since 2016. It’s gratifying that the 3rd Circuit agreed with our argument and recognized that the existing interpretation of product liability law in Pennsylvania was not addressing the reality, the dominance that Amazon has in the marketplace,” said David Wilk, Oberdorf’s lawyer, told Reuters. .

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Third Party Vendors Product Rules Laws 44

PYMNTS

SEPTEMBER 7, 2016

The global momentum we’re achieving with banks, merchants and consumers is proof-positive of our efforts to create simple and secure digital payment experiences anywhere consumers want to shop,” said James Anderson, executive vice president of digital payment products at Mastercard, in a press release.

Online and Mobile Banking 41

Online and Mobile Banking Issuers Visa Digital Payments 41

CB Insights

NOVEMBER 22, 2016

There are way too many companies making ridiculous products trying to get on your holiday … Continued. Shark Tank recently featured Potato Parcel, a company that ships custom messages … on potatoes. And they got a deal with Mr. Wonderful, Kevin O’Leary.

Continuity 69

Continuity Product 69

PYMNTS

SEPTEMBER 27, 2016

About a year ago, the number of consumers searching Amazon for products was pushing 50 percent but not quite there yet — the numbers clocked in at 44 percent. consumers start their online product searches on Amazon, meaning, going into holiday 2016, Amazon is the first online stop for digital shoppers.

Product 57

Product Checks Consumer Innovation 57

Fintech News

JULY 15, 2024

Since its launch in November 2016 as a joint venture between Yoma Bank and Telenor Group, Wave Money has significantly expanded its services and network, covering approximately 89% of Myanmar by November 2020. MO offers various products catering to both business-to-business (B2B) and business-to-consumer (B2C) markets.

FinTech 111

FinTech Online and Mobile Banking Financial Inclusion Payroll 111

Fintech News

JULY 21, 2024

Airwallex, an Australia-founded financial platform, announced that it has become the first major payments company to be granted an Australian Financial Services License (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. Current returns stand at 3.67

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Multi-Currency Returns On-Demand Product 100

FICO

FEBRUARY 23, 2016

In my fraud predictions for 2016 , I said that the meaning of “analytics” will continue to blur and get more confusing. We will see some bad analytics in 2016, no question about it. The post Will 2016 Be the Year of Bad Analytics? Here’s why. More data doesn’t solve this problem if the data all has the same limitation.

On-Demand 40

On-Demand Participant AI Automation 40

Fintech News

APRIL 22, 2024

The B2B firm, which specialised in providing robo-advisory products to financial institutions, was unable to achieve profitability within the set timeframe, leading to its shutdown. Bambu, launched in 2016 by Phillips alongside co-founders Luke Janssen and Aki Ranin, had secured at least US$13.4

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Shutdown Advisors Mitigation Consulting 108

Fintech News

FEBRUARY 26, 2024

JULO’s credit underwriting process, which uses comprehensive behavioral data, has enabled the successful launch of virtual credit card products designed for the middle-income demographic in Indonesia. The company has a retention rate of over 70% per cohort, contributing to reduced loan acquisition costs and increased efficiency.

Underwriting 101

Underwriting Risk Management Credit Cards Volume 101

FICO

MAY 10, 2016

Missed FICO World 2016? Then you won’t want to miss this video of the FICO World keynote from Stuart Wells, FICO’s chief technology and products officer. The post Video: FICO CTO Explores Solving the Global Productivity Crisis appeared first on FICO.

Product 40

Product Regulations Innovation Security 40

PYMNTS

SEPTEMBER 23, 2016

. “It is also likely to come from the small and mid-sized retailers that focus on niche products and experiences. The retailers that compete on differentiated products and experiences should be well-positioned to outperform other competitors during the holiday season.” ”

Product 55

Product 55

PYMNTS

MAY 8, 2017

Back in November 2016 , Facebook introduced a new feature to its Messenger platform with its Instant Games to a limited number of users. The issue that arises with integrating games into the chatbot sphere is whether or not this will be a distraction from workplace productivity. 27 percent — connecting with friends and family.

Product 40

Product Bots Blocks Research 40

The Fintech Times

SEPTEMBER 16, 2024

In fact, the gross domestic product (GDP) per capita of Brunei is over $37,000. Between 2014 and 2016, it established a real-time gross settlement system and an automated clearing house. Gas and oil have allowed the country to prosper for many years, allowing its population to obtain a high standard of living and adult literacy rate.

Economy 59

Economy Central Bank Non-Bank FinTech 59

Finovate

AUGUST 27, 2024

Coupa announced a handful of AI-powered product enhancements this week. Spend management platform Coupa announced its new product enhancements this week. “Our September release, and each of our product releases, drives the Coupa platform forward so our customers can reach their ambitious goals,” said Chang.

AI 52

AI Treasury Management Treasury Use Case 52

PYMNTS

JUNE 21, 2016

“Alexa, show me who snagged the top spots in the 2016 PYMNTS/Alexa Challenge.” 2016 PYMNTS/Alexa Challenge participants included: Best Innovation Group (BIG), DaVincian Healthcare, Discover, Exa, Feasty powered by Zipscene, FIS, Fiserv, ONvocal powered by People Power, USAA, Vantiv, Visa and Western Union. And the results?

Innovation 40

Innovation Non-Bank Consumer Participant 40