Fintech News

APRIL 1, 2024

According to the report, VC funding in CCA reached US$110 million in 2023, up by 450% from a mere US$20 million in 2018. Since 2018, the country’s VC market has increased considerably, growing by 6.6 times to US$80 million in 2023. Meanwhile, average deal size grew 3.8

FinTech 111

FinTech Web 3.0 Security Non-Bank 111

Fintech Finance

SEPTEMBER 11, 2024

Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Non-cash transactions boom; APAC leading adoption Non-cash transaction volumes rose to 1,411 billion in 2023 and are on track to reach 1,650 billion in 2024.

Instant Payments 98

Instant Payments Accounts Innovation Non-Bank 98

PYMNTS

JUNE 18, 2020

.” France emerged from a list of potential countries for the trial because AXA is based there and because of the volume of the remittance transactions sent from the country. Fellahi said Western Union is testing the insurance product with a small number of participating countries before scaling it for broader use.

Wire 84

Wire Wires Origination Volume 84

PYMNTS

NOVEMBER 10, 2020

In early 2018, goodr grew from a small community of runners buying its products to appeal to a larger fanbase. Goodr also participated in A/B testing that showed increases in RPV (revenue per visit) from 12 percent – 15 percent in just over a month. Online sales have risen by 10 percent for products that are try-on-enabled.

Technology 104

Technology On-Demand Use Case Product 104

Fintech Review

OCTOBER 1, 2024

Dubai, United Arab Emirates, October 1st, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. Participants can also take part in the first-ever Web3 Idol competition.

Participant 52

Participant Volume Best Practices Cryptocurrency 52

Fintech News

FEBRUARY 15, 2024

Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups. In H1 2023, Southeast Asia recorded a substantial 54% year-on-year (YoY) decline in tech investment volume which reached US$3.1 billion for the period.

FinTech 109

FinTech Adjustments Volume Continuity 109

Fintech News

JULY 23, 2024

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. In 2023, the company processed over 50 million transactions and achieved annual volume close to US$80 billion. billion by late 2022.

FinTech 132

FinTech Online and Mobile Banking Multi-Currency Non-Bank 132

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: The 2018 holiday shopping season has been more than kind so far to PayPal. 3: Via Automatic Payments.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

FEBRUARY 20, 2020

Decentraland , a startup founded in the heart of the cryptocurrency boom, has emerged as a somewhat unexpected financial success for participants. The token has more than doubled in value this year, though it’s still down from the high of 2018. The plan was always to incorporate cryptocurrency as a form of payment for flights.

Cryptocurrency 73

Cryptocurrency Bitcoin Digital Currency Blocks 73

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 Revenue, however, was a slight miss for both the quarter and the year. PayPal posted $4.23

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

JANUARY 8, 2020

billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan. The number of deals with VC [venture capital] participation captured 60 percent of the total number of deals in 2019,” Zysman said. The dollar volume of deals in which VCs took part captured 77 percent of the total raised in 2019.”.

AI 64

AI Caps Cybersecurity Laws 64

CB Insights

DECEMBER 4, 2019

But it’s clear that the company remains very focused on building financial services products that support its core strategic goal: increasing participation in the Amazon ecosystem. In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. That scale would make Amazon Go a $4.5B

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. As part of their proposed settlements with the FTC, Dluca will pay $453,932, and Chandler will pay $31,000. And a hacker from the U.K.

FTC 55

FTC Bitcoin Federal Trade Commission Transactions 55

CB Insights

FEBRUARY 13, 2020

In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Get the full report.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

MARCH 21, 2019

The Series E round is $3.8908 a share and the valuation is a large leap from 2018’s number, which was $545 million. The company works with other FinTechs like Square, Affirm, Klarna and Kabbage, and it said that last year in October its volume for payments grew 100 percent.

Funds Transfer 63

Funds Transfer Payments Volume Participant 63

PYMNTS

OCTOBER 23, 2018

23), Zelle — the P2P service backed by Bank of America , JPMorgan Chase and other financial institutions (FIs) — said in its Q3 results that transaction volume increased 16 percent year over year, and that the total amount of money moved increased 13 percent during that same time frame. On Tuesday (Oct. Zelle Enrollment Boost. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

PYMNTS

JANUARY 30, 2020

Participating buyers and financial institutions can also facilitate payment automation with access to BPN’s supplier directory, a transparent listing of supplier payment preferences,” the release said. We’ve long recognized CSI as an AP innovator that continually increases volume to suppliers in our network,” Babinsky said.

Automation 60

Automation B2B Payments Payment Networks 60

PYMNTS

DECEMBER 16, 2019

. “Google has been a successful market participant in India’s use of UPI, and Google Pay provides one of the three leading mobile applications that use UPI, as measured by transaction volume,” the letter said. Monthly users of Google Pay hit 67 million in September, an increase of 45 million over September 2018.

FedNow 57

FedNow Real Time Gross Settlement (RTGS) Federal Reserve Payment APIs and Integration 57

PYMNTS

JULY 20, 2017

We have been overwhelmed by the volume and quality of entrants for the Open Up Challenge,” said Nesta Challenge Prize Lead Chris Gorst in a statement. Those standards will go live in January 2018. The companies participating in the challenge are as follows: Beyond Labs. The Open Up Challenge is backed by the U.K.’s Fractal Labs.

FinTech 62

FinTech Small Business API Innovation 62

CB Insights

APRIL 17, 2019

2018 wasn’t a great year for blockchain companies. When the price of Bitcoin was hovering at roughly one-fifth of its peak, top VCs participated in rounds tallying $465M across 11 deals in Q4’18. Smart money deals took a noticeable pause between May and July 2018, when crypto enthusiasm first began cooling.

Blockchain 70

Blockchain Bitcoin Cryptocurrency Correspondent 70

CB Insights

APRIL 15, 2018

2018 VC Report: AI FUNDING LEPT 29% IN US. Below is our comprehensive list of the Top 100 Venture Capital Partners in addition to our Selection Methodology: Top 100 Venture Capital Partners of 2018. In December 2017, First Round participated in a secondary sale by SoftBank that valued Uber at $48B. 2018 VC Partner Rankings.

Advisors 78

Advisors Volume Participant AI 78

Fintech Review

FEBRUARY 14, 2025

Bybit , the worlds second-largest cryptocurrency exchange by trading volume, has partnered with Avalon Labs to mark the exclusive launch of Avalon Token (AVL) on Bybit Spot. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone.

Stablecoins 52

Stablecoins Bitcoin Cryptocurrency Issuers 52

PYMNTS

FEBRUARY 7, 2019

The biggest hurdle in the area of supply chain compliance is the volume of paperwork and documents that must exchange hands to prove that a company and its entire supply chain is compliant with these U.S. billion by the end of Q2 2018. percent participation rate — do you [think] the problem is technology, or is it people? .

Compliance 65

Compliance Due Diligence Audit Blockchain 65

PYMNTS

AUGUST 16, 2018

“But Zelle has leapfrogged the early stages of adoption by having the benefit of being embedded into the already existing apps of participating banks.”. Overall, eMarketer said that users of P2P mobile payment products will rise 30 percent in 2018 to encompass 82.5

Zelle 50

Zelle Small Business Business Payments P2P 50

PYMNTS

NOVEMBER 9, 2018

The company expects efficiencies that will result in $30 million of expense reductions in 2018 and, upon completion, $45 million on an annualized basis. CEO Alexander Holmes told conference call participants that the impact to the top line came amid “deliberate decisions to stop doing business with certain customers in certain corridors.”

Compliance 64

Compliance Federal Trade Commission Due Diligence Volume 64

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. Money laundering, tax evasion and other types of financial fraud pose significant and evolving threats that active participants in the financial industry must contest.

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

PYMNTS

FEBRUARY 5, 2020

Clear , a startup that wants to build blockchain for huge-volume transaction systems like telecommunications companies, has announced a $13 million Series A funding round, according to reports. ”

Bitcoin 57

Bitcoin Blockchain Laws Volume 57

PYMNTS

JUNE 3, 2019

Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Dunkin’ CEO David Hoffmann said in a Q4 2018 earnings conference call that mobile orders make up 3 percent of transactions.

Volume 65

Volume Participant Consumer Technology 65

Finovate

OCTOBER 1, 2024

. “The option to immediately integrate with existing systems and manage a high volume of transactions were added benefits for us and our customers. ” Founded in 2018, Kani has since reconciled more than $26.5

Acquirers 52

Acquirers Reconciliation Regulatory Compliance Compliance 52

PYMNTS

NOVEMBER 14, 2016

The dedicated AR device market is projected to reach just under $660 million by 2018. The current hype surrounding AR can draw in new customers to a brand that implements it, while AR’s ability to increase user participation can work toward customer retention. Will Devices Drive AR?

Security 74

Security Authentication Phishing Credential 74

The Fintech Times

SEPTEMBER 18, 2024

Originally created in 2018 by the global messaging platform Telegram, the TON network — then known as Gram — was poised for success. Research from Bitget shows that the TON ecosystem has seen a 12-times increase in daily transaction volume, rising from 100,000 to 1.2 million over the past year.

Cryptocurrency 64

Cryptocurrency Blockchain Volume On-Demand 64

PYMNTS

MAY 1, 2020

The EU’s PSD2 and GDPR regulations were passed in 2018 and designed with a primary focus on interoperability between open banking systems around the world. This also makes data security critical, though, because banks must protect growing volumes of personal information. these programs appear to have remained the same in most markets.

Privacy 98

Privacy API Innovation Payment APIs and Integration 98

PYMNTS

FEBRUARY 28, 2019

In a press release , the company said the round of funding was led by Scale Venture Partners and included participation from existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony. The funding comes on the back of a good year for Socure in 2018. 28) it raised $30 million in Series C funding.

Fraud Detection 47

Fraud Detection Verification Fraud Prevention API 47

PYMNTS

AUGUST 10, 2020

When B2B order-to-cash technology provider Billtrust announced the launch of its Business Payments Network (BPN) in late-2018, it was a solution designed to tackle one of the largest hurdles in B2B payments that remains today: managing all of the data and workflows required to achieve transaction success.

Wire 49

Wire Wires ACH Payment Networks 49

PYMNTS

DECEMBER 17, 2019

percent from the 178 million units shipped in 2018. Total volumes for smartwatches will hit 109.2 IDC also sees a continued downward trend in smartwatch pricing, with companies like Apple participating and playing a crucial role in lower price pressure. The wearables global market is on track to ship 305.2

Volume 53

Volume Participant Continuity Research 53

PYMNTS

FEBRUARY 14, 2020

Additional participation came from ERA, 645 Ventures, Stage 2 Capital and Green Visor Capital. Additional participation came from Partech and Bpifrance Digital. Trade volumes between the regions was worth more than $320 billion in 2018. Negotiatus.

Small Business 52

Small Business Cross-Border Risk Management AI 52