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Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. This includes services like mobilebanking, peer-to-peer payments, investment platforms, and blockchain applications. Consumer trust in banks plummeted.
Digital banking and financial infrastructure. Companies in this subcategory provide (1) white-labeled technology infrastructure to banking players, or (2) leverage technology to provide financial infrastructure and banking software (e.g. APIs) directly to end-users. Personal finance. Regulatory tech. Wealth management.
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.
Appointments Torpago , a commercial credit card and spend management provider for banks, hires Chris Boncimino , as head of business operations. He brings over two decades of experience in the financial services sector, having led business and technology teams at major banks and technology firms.
The following post will define fintech, discuss the types of companies involved, and comment on how this new industry fundamentally changes the face of banking, investment, and doing business. This has come to mean everything from banking and insurance to investments. .” But what is fintech? What Does Fintech Mean?
In an interview with Paul Purcell , partner at Continental Advisors , four panelists — investors and analysts all — weighed in on the current investment climate … and whether that climate is getting overheated. In the great digital shift, as Purcell mused, is every app becoming a bank (and vice versa)? follow the money.
It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions. Integrated with bank accounts and digital wallets in Pakistan, Hakeem provides customers with easy disbursement options. The company replaces traditional B2B payment methods (e.g.
Consumer credit underwriting. Mobile payments. Marketplace for financial advisors and other professional services. Developer tools for mobile card acceptance . Developer tools for mobile card acceptance . Cybersecurity tools for banks and credit unions. Source: Crunchbase. ZestFinance. Source: Crunchbase.
In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). Those things can easily be done on mobile.
Also, long-time alum, Alkami Technology picked up $11 million Friday to further their e-banking solutions business. Online investment platform. Digital banking solutions. French neo-bank. Mobile payments. Simple mobile trading app. Tags: Consumer, advisors, investing, trading, wealth management.
Mobile payments for mcommerce companies. Mobilebank. Tags: Enterprise, fraud, security, onlinebanking, payments, API, developers, big data. Here are the deals by size from 7 Nov to 12 Nov, 2015: NCR. ATMs, POS & financial technology. Latest round: $820 million Post-IPO equity. Total raised: Unknown.
Online mortgage advisor. Banking job exam preparation. Tags: Regulations, compliance, enterprise, bank management. Crowdfunded student loans. HQ: New York City. Latest round: $35 million Series B. Total raised: $196 million ($150 million debt, $46 million equity). Source: Crunchbase. Enterprise blockchain technology.
Notable raises included Finovate alum Tagit which brought in nearly $9 million to supercharge its mobile application development platform. ——-. Mobile financial applications. Online financial advisor. Digital bank. Mobile on-demand insurance . Consumer alt-lender. Total raised: $1.92 billion Debt).
D3 Banking raised $10 million. Online payroll system. D3 Banking. Banking platform. Tags: SMB, lending, commerical credit, underwriting. Of the total raised, $61.5 million was debt. Four Finovate alums raised a total of $77 million during the week: Klarna landed $35 million in debt. BizFi raised $20 million.
Online automobile insurance. Digital banking technology. Investment banking platform. Mobile payments platform. Tags: Institutions, digital banking, Finovate alum. Platform for investing in early-stage startups. Latest round: $14.4 million Debt. Total raised previously: Unknown. HQ: New York City. OK Car Insurance.
Mobile wallet. Digital banking company. Latest round: $40 million Debt (Silcon Valley Bank). Digital bank. Mobile payments. Digital banking company. Online bookkeeping service. Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P.
Consumer online investment platform. Smartphone based alt-credit & underwriting for underbanked. Banking services for the under- and non-banked. Tags: SMB, consumer, insurance, mobile, underwriting. Source: Crunchbase. Betterment. Latest round: $100 million Series E ($700 million valuation). LoanLogics.
Online insurance. Mobile wallet analytics. Mobile savings account. Tags: Consumer, advisors, trading, wealth management, investing. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Latest round: $134.5 Total raised: $134.5 HQ: Auckland, New Zealand. Source: Crunchbase. Vibes (owned by Syniverse).
million to expand its mobile personal finance & savings app. Underwrites & guarantees high-risk credit card transactions . Mobile point of sale. Online stock brokerage. Digital banking app. Digital investment advisor. Tags: Consumer, investing, trading, mobile. Qapital raised $3.5 million.
million from Bank of Tokyo. Online broker. Tags: Consumer, advisors, traders, investing, wealth management, trading, information, analytics, reporting. Most ($449 million) went to Chinese payment and investment platform, Qufenqi. Four Finovate alums raised a total of $18 million during the week: Coinbase landed $10.5
Mobile alt-lender. Mobile payments for restuarants. Tags: Consumer, lending, credit, underwriting. HQ: Rio De Janeiro, Brazil. Source: Crunchbase , FT Partners. Net1 UEPS Technologies. Alt-payment system provider. Latest round: $107.7 Total raised: Unknown. HQ: Johannesburg, South Africa. Source: FT Partners. HQ: Bejing, China.
million to launch its virtual bank. Digital investment advisor. Full-service digital bank. Mobile rent payments. Tags: Consumer, credit, deposits, banking, payments, credit/debit cards. SigFig brought in $40 million from a blue-chip lineup of financial institutions including Comerica, Santandar, and New York Life.
Digital bank. Security solutions for mobile apps and online services. Real estate discover mobile app. Mobile loyalty and payments. Tags: Consumer, SMB, loans, credit, lending, underwriting. Total raised: $21.2 HQ: San Rafael, California. Source: Crunchbase. UniRush (RushCard). Prepaid card issuer.
Advisor Software will provide an overview of its wealth management cloud platform – an end-to-end suite of APIs, apps and widgets that power digital investment advice and financial planning applications. Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace.
Digital startup bank Number26 pulled in the bulk of that landing a massive $40 million round. Digital bank startup. Online identity & payment services. Banking & money management for students. The total raised by the eight was at least $60 million (though two raised undisclosed amounts). Source: FinDEVr.
Bento for Business landed $7 million for its digital business banking platform. Bank operating system. Digital business banking platform. Mobile point-of-sale platform. Tags: SMB, payments, mobile, mPOS, merchants, acquiring, credit/debit cards. Buzz Points grabbed $1.8 Source: Crunchbase. Latest round: $17.7
In the company’s FinovateSpring 2016 demo , Blend’s Head of Product Pranay Kapadia, speaking about the mortgage application process, asked, “How do we make this financial, stressful transaction as humanistic as possible– so it’s as though you’re working with a financial advisor?” 80 employees.
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.
In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. Online courses & content.
Banking & Lending. This shift is driving transaction volume to the payments companies behind online retailers and taking market share away from those serving physical retailers. This displacement is happening for both consumers and merchants, as merchants begin to turn to online B2B marketplaces for procurement and supplies.
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