Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. year over year, from 20.7 million in 2020 to hit 47.8 million by 2026.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

The Fintech Times

OCTOBER 15, 2024

Despite its market stalling in H1’24, Australia’s economy still remains a major player globally with a gross domestic product (GDP) per capita of over $65,000 according to the World Bank. These include cross-border payments Airwallex , buy now pay later (BNPL) Afterpay and challenger bank Judo Capital.

Cross-Border Payments 52

Cross-Border Payments Scams Non-Bank Cross-Border 52

PYMNTS

FEBRUARY 13, 2019

12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the sharing of data between companies and their banks. trillion across the globe, with billions of dollars in fines issued by regulators against banks and corporations. Payments messaging firm SWIFT announced on Tuesday (Feb. ”

Money Laundering 64

Money Laundering AML Economy SWIFT 64

Fintech Finance

FEBRUARY 6, 2024

Once this card payment central infrastructure is established as a part of NPS-NCS, banks and financial institutions in Nepal will be able to provide domestic NEPALPAY cards to their customers which will help increase acceptance, implement data localization and reduce transaction charges.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

PYMNTS

MAY 22, 2018

For women around the world, freelancing in the digital economy isn’t just convenient – it’s empowering, especially as gender pay disparity comes under scrutiny across the corporate workspace. India respondents said they were able to earn more participating in the digital economy than the traditional one.

Economy 44

Economy Cross-Border Payments Cross-Border Non-Bank 44

The Fintech Times

SEPTEMBER 4, 2024

Appointments Malcom Finance ( formerly 4Trans) , a fintech company specialising in financial services for supply chain and logistics SMEs, has appointed the founder of Twisto as a non-executive director. The Bank of London has revealed that its founder, Anthony Watson CBE, is stepping down from his role as CEO.

FinTech 64

FinTech Non-Bank Cross-Border Reconciliation 64

Fintech Finance

JUNE 14, 2024

Visa is sponsoring the 6th Cashless Day celebration, organized by the State Bank of Vietnam and Tuoi Tre Newspaper. Dung Dang, Visa Country Manager of Vietnam and Laos, said: “Digital payments are shaping the future of the modern economy in Vietnam, with positive benefits for consumers and businesses. million cases3.

Digital Payments 98

Digital Payments Payments Transactions Non-Bank 98

Fintech News

MAY 20, 2024

The event will explore cybersecurity careers within the banking, finance, and fintech sectors, particularly in response to the increasing frequency of cyber attacks. The session will be moderated by Urs Bolt, a Fintech and Banking Expert.

FinTech 133

FinTech Embedded Finance BNPL AI 133

Stax

NOVEMBER 20, 2023

Participating in Small Business Saturday can help SMBs boost revenue, foster customer loyalty, and strengthen the local economy. As a partnering non-profit organization, The Small Business Administration (SBA) invites shoppers to patronize 32 million SMBs nationwide and throughout the holiday season. Amazon, eBay).

Small Business 88

Small Business Online and Mobile Banking Participant On-Demand 88

PYMNTS

MAY 22, 2020

The economists, led by Michael Feroli, said in a note that the lockdowns of economies in states will lead to a 40 percent annualized drop in gross domestic product (GDP) and a measured recovery in the latter half the year, Bloomberg reported.

Federal Reserve 74

Federal Reserve Economy Non-Bank Adjustments 74

The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. The service was introduced as part of a government initiative to increase competition in the banking sector, aiming to reduce the inertia that had kept 75% of account holders with the same bank for years.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

The Fintech Times

DECEMBER 12, 2023

NexPay , a global education payments, has unveiled new board roles including David Jonhstone as non-executive chair, Rajesh Yohannan, the current CEO of Axi Corp, as a non-executive board director, as well as Clive Wilson to the newly created role of chief risk and governance officer.

FinTech 59

FinTech Financial Crimes Non-Bank Point-of-Sale (POS) 59

PYMNTS

DECEMBER 11, 2020

Backers placed the spotlight on everything from B2B eCommerce, to supply chain optimization, to Banking-as-a-Service, but human resources and payroll landed in the top spot in this week's VC roundup. Core banking technology provider Modularbank , based in Estonia, has secured $4.85 Procurement Partners. Modularbank. the company said.

B2B 77

B2B Payment APIs and Integration FinTech Non-Bank 77

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Accenture’s “ Banking Top 10 Trends ” report for this year highlights this transformative journey. Generative AI supercharges banking.

AI 112

AI Risk Non-Bank On-Demand 112

The Fintech Times

JULY 16, 2024

’s CEO Chris Jurasek joins as non-exec chair, while Emma Brown joins as chief financial officer. Stéphane Besson joined CUBE’s board earlier this year and continues as non-exec director. Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.

FinTech 52

FinTech Online and Mobile Banking Non-Bank Payment Gateways 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. Soft Space – US$31.5

FinTech 106

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

The Fintech Times

JUNE 1, 2024

The standards body confirmed the pilot in June 2023, after contacting industry partners to test the benefits of the service with a group of participating banks and payment service providers. Now, Visa is making this real-time fraud detection service, dubbed ‘Visa Protect for A2A Payments’, available to all banks in the UK.

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 134

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 134

PYMNTS

AUGUST 23, 2019

The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond- i. It is issued in Australian dollars by non-Australian organizations, including governments, businesses, and financial institutions. This isn’t World Bank’s only blockchain project.

Blockchain 76

Blockchain Cross-Border Payments Cross-Border Non-Bank 76

PYMNTS

JANUARY 20, 2021

Today in B2B payments, European banks pull back spending, while WEX collaborates with MYOB. European Banks Lend Less, Fearing Bad Loans During Pandemic. Euro area banks have scaled back lending in order to shield against risk, a new European Central Bank (ECB) survey says. 19) press release.

ISO 20022 64

ISO 20022 ISOs B2B Cross-Border 64

CB Insights

APRIL 22, 2020

SMBs need financing, but many banks have been slow to process loan applications and even slower to disburse funds. Aid-related or not, alternative (non-bank) lenders have an opportunity to step in and demonstrate technological advantage over incumbent lenders through faster loan processing and payment.

FinTech 87

FinTech Processors Governance Government 87

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. Soft Space – US$31.5

FinTech 98

FinTech Online and Mobile Banking Non-Bank On-Demand 98

PYMNTS

SEPTEMBER 8, 2016

The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7 The survey additionally took into consideration “underbanked” households — wherein consumers have access to a bank account but still make use of check cashing, money transfer services, payday loans or pawnshops. percent in 2013.

FDIC 65

FDIC Non-Bank Regulations Consumer 65

The Fintech Times

APRIL 23, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. The digital economy has no doubt picked up pace in the last 10 years, with it now contributing £149billion to the UK economy each year.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration Governance 59

PYMNTS

AUGUST 21, 2019

The Banking & Payments Federation Ireland said it had established a FinTech Foresight Group — further evidence of collaborations between traditional financial institutions and tech upstarts. The federation has 100 members firms and associates across its roster, including licensed domestic and foreign banks and institutions.

FinTech 69

FinTech Non-Bank Regulations Authorization 69

PYMNTS

APRIL 30, 2018

First, authorities have brought more people into the formal financial system by lowering the bar on what it means to open a bank account. A customer with limited credentials can still get banked, albeit with reduced functionality. They’re bringing people into the formal financial sector, and that’s good for everyone,” Cooke said.

Credit Cards 44

Credit Cards Non-Bank Online and Mobile Banking Payments 44

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”. Others, not so much.

Central Bank 73

Central Bank Digital Currency Federal Reserve Non-Bank 73

PYMNTS

APRIL 21, 2020

“One thing that has driven a lot of variants in loan terms in the market over the last 10 years is that after the recession, there was a tremendous expansion of non-bank lenders servicing the middle market,” he said, noting that these alternative players make up about one-third of total mid-market loan volumes in the U.S.

Finance 56

Finance Non-Bank Agreements Small Business 56

PYMNTS

JUNE 27, 2019

Congress’ introduction of Title III under the JOBS Act opened the doors for non-accredited investors to participate in crowdfunding for companies, with lawmakers hoping that Main Street SMBs would benefit from the initiative. . “There’s not really a Seed round option for a yoga studio,” Mathews said.

Accreditation 58

Accreditation Small Business Non-Bank Finance 58

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 129

Online and Mobile Banking Treasury Non-Bank Finance 129

PYMNTS

MAY 4, 2018

This erosion tends to be more prevalent in the gig economy, a space which sees freelance workers dependent on employers following through on their payment obligations to make their financial ends meet. The effects of such non-payment can be far-reaching, too. Building a ‘trusted economy’ for creative professionals.

Blockchain 41

Blockchain Economy Non-Bank On-Demand 41

PYMNTS

JULY 30, 2018

For many companies, 2018 is a year of regulatory change: In Canada, for example, there are proposed changes to the Canadian Payments Act that could result in the creation of a non-bank associate member role for Payments Canada. may need to travel from California to New York, or banks might need to travel from New York to California.

Innovation 41

Innovation Non-Bank Payments Real Time Payments 41

PYMNTS

OCTOBER 17, 2016

percent of participants in the survey. As part of its Regional Revitalization policy rolled out in June 2014, the government urged banks to enhance the scope of domestic automatic teller machines (ATMs) to make them compatible with overseas-issued cards due to a rise in inbound foreign tourists. percent of the survey respondents.

Digital Payments 55

Digital Payments Consumer Push-to-Card Payments 55

PYMNTS

SEPTEMBER 20, 2019

India neobank Yelo did not reveal how much it raised in new funding this week, though reports in The Hindu Business Line said the mobile-first FinTech secured seed investment from Matrix Partners India, Omidyar Network India and Flourish, while existing backer Better Capital also participated.

B2B 49

B2B IBAN Small Business Non-Bank 49

PYMNTS

SEPTEMBER 21, 2018

One of the biggest anxieties for businesses participating in the global economy is the potential of late or (worse) non-payment from an international partner, which can cause cash flow issues and, ultimately, hurt the bottom line. It then enables sellers to have their funds deposited into their bank accounts for a small fee.

Cross-Border 46

Cross-Border Cross-Border Payments Enrollments Non-Bank 46

PYMNTS

OCTOBER 9, 2017

Open banking looms in many corners of the world, mandated in some areas (think PSD2) while driven by market forces in others (here in the United States). Last week, the Canadian Bankers Association said in a release that the government should evaluate open banking a bit more carefully before fully committing to the concept.

Payment APIs and Integration 75

Payment APIs and Integration API Non-Bank Governance 75

PYMNTS

APRIL 24, 2019

Attention-starved celebrities and people showing off on social media used selfies, not serious, reputable companies competing for market share in the digital economy. That includes sharing economy marketplaces, along with Mobility-as-a-Service (MaaS) and even online dating sites — to say nothing of banking and other financial services.

Authentication 62

Authentication Online and Mobile Banking Use Case Economy 62