PYMNTS

DECEMBER 19, 2019

PayPal has acquired a 70 percent equity stake in Guofubao Information Technology ( GoPay ) and will head to China as the country’s first online-only payments platform, PayPal said in a press release on Thursday (Dec. 30 by the People’s Bank of China, according to reports. mobile apps and spend 6.3 They use an average of 2.22

PayPal 53

PayPal Online and Mobile Banking Central Bank Cross-Border 53

PYMNTS

MAY 3, 2019

That’s the big message being sent throughout the payments world as PSD2 and other FinTech efforts spark innovation and give consumers, companies and other organizations more methods to pay — methods that better match the preferences of those participants, payments that feature more speed and less friction than was often the case before.

Non-Bank 83

Non-Bank Online and Mobile Banking Payments Alternative Payment Methods 83

PYMNTS

AUGUST 15, 2019

Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999.

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

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

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 106

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

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

CB Insights

FEBRUARY 20, 2019

Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. In 2018, Brazil saw a new annual high for deals and funding, hitting 38 deals worth $480.8M. Latin American fintech companies are creating products aimed at rethinking banking, lending, and payments in the region.

FinTech 57

FinTech Online and Mobile Banking Participant Research 57

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

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

JANUARY 11, 2021

In a 2018 Mercator Advisory Group survey , 67 percent of respondents said they actively seek out ATMs in surcharge-free networks to avoid paying fees. More than 1,900 organizations and 130 million cardholders participate in Fiserv’s MoneyPass ATM network. While ATMs are highly popular with customers, ATM fees are not.

ATM 52

ATM Online and Mobile Banking Credit Cards Agreements 52

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 93

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

PYMNTS

MARCH 10, 2020

The conversation came against a backdrop where, at the end of February, Fiserv said that nearly 600 banks and credit unions (CUs) have joined the turnkey service from Zelle to enable person-to-person (P2P) payment capabilities, and that the number of participants accessing the network via Fiserv has increased ten-fold in 2019 from 2018.

P2P 92

P2P Real Time Payments Zelle Credit Union 92

PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. Cybercriminals often use these identities to set up bank accounts and apply for credit cards and loans.

Online and Mobile Banking 53

Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

The Fintech Times

DECEMBER 14, 2023

His previous experience also included various roles at the private banking firm of Brown Brothers Harriman. ClearBank , an enabler of real-time clearing and embedded banking for financial institutions, has named Megan Cooper (nee Caywood) as chief product officer. Cooper has previously worked at Barclays UK Business and Starling Bank.

FinTech 69

FinTech Online and Mobile Banking On-Demand Risk Management 69

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. In this case, prepaid cards can serve as a payments alternative to traditional banking offerings like checks, and more technology-driven ones like real-time bank deposits.”. Firms in the U.S.,

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. In Fiscal Year 2018, not one of the 100 top lenders participating in the SBA’s 7(a) loan program were credit unions, reports in American Banker said last month.

Credit Union 51

Credit Union NCUA Small Business Online and Mobile Banking 51

PYMNTS

OCTOBER 11, 2018

workforce has participated in it in some way. Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps. To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year.

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

OCTOBER 25, 2019

What Apple Pay At Five Says About The Future Of Mobile POS Payments. Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters. Waiting for checks to arrive in the mail, or for bank deposits to process, can be frustrating — especially for consumers struggling to make ends meet between paychecks.

Innovation 40

Innovation Office of the Comptroller of the Currency Online and Mobile Banking Void 40

PYMNTS

AUGUST 24, 2020

Online classes are also gaining the attention of workers who have been laid off during the economic downturn and want to refresh their skills or build new ones and attracting employees who may be seeking to polish their know-how while working from home. . Mobile money service M-Pesa is used by 24.5 Tackling The Currency Challenge .

International Payments 60

International Payments Cross-Border Online and Mobile Banking Cross-Border Payments 60

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

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

PYMNTS

SEPTEMBER 20, 2018

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. That’s because Chinese consumers have embraced mobile commerce and payments more than nearly everyone else in the world, which provides a wealth of consumer information. “We

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

AUGUST 6, 2019

The Q1 2018 edition of the Disbursement Satisfaction Index found that 81.9 The same survey also found that 53 percent of workers were interested in using mobile apps to access information related to their retirement plans. The test also prevented seniors from having to visit physical bank branches or have bank accounts at all.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

PYMNTS

JANUARY 31, 2020

Bank Is Doing to Drive Virtual Card Adoption. Bank , however, believes it has the perfect weapon to counter such reluctance: vendor and client input. BMO on Taking a Digital-First Approach to Retail Banking. Amazon’s last official update was in April of 2018, when it reported more than 100 million members in the program.

Technology 52

Technology SARS Online and Mobile Banking Contactless Payments 52

PYMNTS

MAY 29, 2020

billion as of 2018, but a sale now would likely reflect a reduced valuation due to the rough first half of 2020. “We billion,” Asad Hussain , a mobility tech analyst at PitchBook, wrote in a research note. And in 2019, the company participated in a $530 million funding round for autonomous tech firm Aurora Innovation.

Online and Mobile Banking 52

Online and Mobile Banking Push-to-Card Direct Deposit Debit Card 52

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. In the event of a further tie, investors participating in the larger of total dollars invested were selected. Digital banking and financial infrastructure. GET THE ENTIRE 41-PAGE CANADA VC REPORT H1 2019. Company subcategories. Personal finance.

FinTech 93

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

PYMNTS

FEBRUARY 28, 2019

The Michigan High School Athletic Association, for instance, reported 12,722 registered sports officials in the 2008 to 2009 academic year, and that total fell to only 9,816 in the 2017 to 2018 season. The offering uses a Fiserv SDK that allows payments to be sent directly to recipients’ bank accounts via mobile or web-based platforms.

Reconciliation 43

Reconciliation Payee Payments Payer 43

PYMNTS

JANUARY 20, 2020

To that end, at a House Judiciary Committee “field” hearing in Colorado, titled “Online Platforms and Market Power: Competitors in the Digital Economy” a number of smaller tech firms called out Big Tech giants such as Amazon and Google for what they said were unfair business practices. Moving beyond U.S.

Online and Mobile Banking 52

Online and Mobile Banking Cross-Border Payments Non-Bank Cross-Border 52

PYMNTS

JULY 23, 2018

Target reported that its one-day sale on July 17 was its biggest online shopping day of the year, in terms of both traffic and sales. Prime Day has turned into a huge opportunity for all online retailers.” People love to comparison-shop, with many turning to Amazon’s competitors to compare deals and prices. Install Bing?

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

NOVEMBER 22, 2018

million ATMs across India, per data from the Reserve Bank of India (RBI). These requirements were never anticipated by the industry participants at the time of signing contracts with the banks. In the world of mobile money, competition and competitive advantage revolve around data.

ATM 75

ATM Digital Payments Financial Inclusion Payments 75

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 125

FinTech Online and Mobile Banking Multi-Currency Non-Bank 125

PYMNTS

MAY 31, 2018

In 2016, 95 percent of transactions in in India were done in cash and there were approximately 60 million online shoppers – representing about 14 percent of the internet using base of the nation, according to a late 2017 report by Morgan Stanley. By March of 2018 the system was handling around 178m transactions, worth about $3.6bn.

Online and Mobile Banking 40

Online and Mobile Banking Database Accounts Digital Payments 40

Wharton Fintech

OCTOBER 30, 2023

Narmi’s Co-Founder Nikhil Lakhanpal — building an API-driven digital banking platform In today’s episode, Kailee Costello hosts Nikhil Lakhanpal , Co-Founder at Narmi. Narmi’s mission is to offer financial institutions the best digital banking platform in the industry. A really big part of that is the core banking system.

API 52

API Online and Mobile Banking FedNow Payment APIs and Integration 52

PYMNTS

DECEMBER 26, 2018

That’s not to put some boring academic spin on these digital discussions, but only to underscore how intelligent the material is, and how the participants often learn from each other during these events. The research shows that 58 percent of consumers have participated in contextual commerce experiences. Does #Donate Lead to #Buy?

Cross-Border 62

Cross-Border Real Time Payments RTP Online and Mobile Banking 62

Fintech Labs Insights

JUNE 1, 2017

There’s a month and a half to go before CeleritiFinTech (CFT) launches its first core banking hackathon , CFT Hack the Core. Based on CFT’s high-performance Hogan core banking software and its APIs, events like CFT Hack the Core can be important stepping stones for emerging fintech startups. and that’s it.

Payment APIs and Integration 18

Payment APIs and Integration Online and Mobile Banking Credit Union API 18

CB Insights

MARCH 27, 2018

Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. First Name.

Blockchain 48

Blockchain Cryptocurrency Bitcoin Accreditation 48