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

FEBRUARY 22, 2024

Kani Payments, the global data reconciliation and reporting platform, announces a strategic partnership with issuer processing and core banking platform Pismo. The new partnership with Pismo means that Kani’s SaaS platform will now be available to Pismo’s global client base, including large banks, marketplaces and fintechs.

Distributed Ledger Technology (DLT) 69

Distributed Ledger Technology (DLT) FinTech B2B On-Demand 69

PYMNTS

JULY 24, 2020

Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. But other data indicates people remain cautious about returning to bars and restaurants. Britain’s stores have become the envy of the retail world.

Volume 75

Volume Returns Non-Bank Consulting 75

PYMNTS

JULY 14, 2020

Morgan Chase – America’s biggest bank in asset terms – on Tuesday (July 14) became one of the first financial firms to show how big of a bite COVID-19 took out of its second-quarter top and bottom lines. All in, the bank reported a 51 percent earnings plunge, with profits falling to $4.7 Commercial banking revenue rose 5 percent to $2.4

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

PYMNTS

APRIL 13, 2020

In addition, some physical locations of Whole Foods stores have curtailed hours to allow for restocking and cleaning, and others are now focusing exclusively on fulfilling online grocery orders as the coronavirus pandemic accelerates demand beyond capacity. Banking On A Rough Earnings Season For Banks.

Non-Bank 60

Non-Bank PayPal Small Business Payments 60

FICO

JANUARY 13, 2022

A mass of digital solutions and fintech innovations offering real-time Open Banking data alongside transactional insight into customer affordability and vulnerability are being touted to Tier-1 lenders. The headache is knowing where to make the big bets for the best return. Stress on Household Wallets.

BNPL 52

BNPL Non-Bank On-Demand Push-to-Card 52

Fintech News

JUNE 10, 2024

Yeshu Agarwal, 29, Co-Founder and CTO, Transak, India Yeshu Agarwal is the co-founder and CTO of Transak, a web3 payment gateway that simplifies the buying and selling of cryptocurrencies and non-fungible tokens (NFTs). Nadeem, an MIT graduate, has been involved in educational issues since high school. The startup secured US$6.1

FinTech 125

FinTech Non-Bank Finance AI 125

Finovate

FEBRUARY 2, 2024

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The new digital bank also offers financing products for bineo account holders. The bank also pledges competitive rates and instant access to funds once loans are approved. The company noted that it hopes to add 2.8

BNPL 59

BNPL Online and Mobile Banking Debit Card Non-Bank 59

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. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration Governance 59

PYMNTS

MARCH 30, 2020

For them, it all depends on how long the current lockdown/shutdown lasts and when consumer demand will return — and at what level. At that point in time, only 20 percent of SMBs we talked to that asked the government (at any level) for assistance received any, and only 17 percent that asked their banks for more funding had gotten it.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

The Fintech Times

DECEMBER 13, 2023

Fintech remains in the top three sectors for investment, as 63 per cent of respondents strongly agreeing that there remain many opportunities for disruption by startups in the fintech sector, with a further 60 per cent strongly agreeing that exit opportunities will continue to have strong return potential.

FinTech 75

FinTech Payment Networks Research Payments Strategy 75

PYMNTS

MAY 3, 2019

The two of them operate a program that enables airlines to accept instant online bank payments for consumers’ ticket purchases. Indeed, the organization processed a record number of alternative (non-card based) payments over its platform in 2018, and expects to see that number soar in 2019 and beyond. and the U.K. and the U.K.

Non-Bank 83

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

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. So what our customers are asking from us today as we reopen is, ‘Hold on a second.

Posting 116

Posting Automation Best Practices Compliance 116

PYMNTS

JUNE 16, 2020

The Singapore-based company, which provides service in eight countries, did not face capital constraints and would be “sunsetting non-core projects, consolidating teams and pivoting to focus on deliveries,” a spokeswoman told Reuters. Last week, its CEO said business was returning to pre-pandemic levels. But Didi Chuxing Technology Co.,

Non-Bank 56

Non-Bank Adjustments On-Demand Consulting 56

Clearly Payments

JANUARY 10, 2024

In this type of partnership, the referrer promotes the payment processor’s services to potential clients or customers and receives compensation in return for successful referrals. Established payment platforms have already cultivated extensive user bases, merchant networks, and partnerships with banks.

Processors 105

Processors ISOs Embedded Finance Payments 105

FICO

JANUARY 6, 2021

We didn't profile their likely return to financial good and we didn't understand any differences in their financial morality.”. Collections, risk and operations executives will need to have the data that helps them: Understand the differences between COVID-19 related debt and non-COVID related debt. Redundancy?

Posting 98

Posting Credit Risk Risk Returns 98

Nanonets

MARCH 27, 2023

These documents may include bank statements, W2s, pay stubs, and tax returns. It can read and extract relevant data from loan applications, pay stubs, tax returns, bank statements, credit reports and more; including unstructured data like handwriting and signatures.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

PYMNTS

MAY 8, 2020

The stage had been at least partially set to help merchants meet the demands of life lived online and sheltered in place. The accelerated efforts of merchants to meet the needs of their end-users — especially in banking — were apparent in FIS’s results. Possibly even a renaissance. If they can hold on, that is. Setting The Stage.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

MAY 14, 2020

Prajit Nanu , CEO at Nium , recently told Karen Webster that companies should probably get used to the idea that what was once considered “normal” may never return. If there’s one thing for certain for small business today, it’s that nothing is certain.

Payment APIs and Integration 69

Payment APIs and Integration Adjustments Facilitators Service Provider 69

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The development of the FedNow service is a response to the growing demand for efficient instant payment services in the digital age.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

PYMNTS

NOVEMBER 29, 2018

Despite any possible reservations early on, large financial institutions (FIs) now appear to be going all in on Open Banking, with plans to introduce new revenue streams as a a result. The report, “It’s Now Open Banking, Do You Know What Your Commercial Clients Want From It?,” ” published Wednesday (Nov.

Non-Bank 56

Non-Bank Small Business Research NOV 56

PYMNTS

JULY 2, 2020

It would therefore make sense that members pay attention to the loyalty and rewards programs their credit unions (CUs) offer in return for their continued membership. Banking customers generally remain loyal, yet PYMNTS research revealed that nearly four in 10 members are likely to consider leaving their current CUs.

Credit Union 62

Credit Union Innovation Non-Bank Research 62

Fintech News

MARCH 18, 2024

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.

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

The Fintech Times

MAY 22, 2024

However, in its latest report published today, the UK banking and financial services trade association announced that there was a four per cent decrease in the amount stolen to £1.17billion in 2023. Last year, UK Finance announced that over £1.2billion was stolen through fraud throughout 2022.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Nanonets

FEBRUARY 15, 2024

Process: The production manager at XYZ Corp notices a decline in production efficiency and identifies the need for a new manufacturing machine to meet increasing customer demand. Requirement: To address this issue and meet a 20% increase in customer demand, it is imperative to procure a new manufacturing machine.

Finance 52

Finance RFP Agreements Automation 52

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. Localizing Capital.

Accreditation 58

Accreditation Small Business Non-Bank Finance 58

FICO

OCTOBER 12, 2020

This has yielded a rise in medical equipment fraud and put banks’ fraud detection systems into overdrive. In the US, the pandemic drove a sudden surge in demand for health care supplies , from gloves to ventilators, as well as a growing interest in remote online medical consultations, or telemedicine. Medical Services .

Volume 52

Volume Fraud Detection FBI Correspondent 52

Payment Savvy

JANUARY 11, 2023

As with many aspects of banking and merchant processing among credit card issuers, the term represents something slightly confusing (at best) and incredibly bewildering (at worse), with lots of banking jargon and terminology thrown into the language to confuse you a little further. One of those terms is merchant interchange.

Credit Cards 98

Credit Cards Card Issuer Issuers Processors 98

PYMNTS

NOVEMBER 23, 2016

The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions. “Besides the benefits of the speed of the transactions, just think about the number of ACH returns and errors that could be avoided,” McShirley added. ”

Real Time Payments 73

Real Time Payments Payer Faster Payments Payments 73

FICO

FEBRUARY 8, 2017

One in five of my bank customers have digital collections operations.". Non-users of digital are a dying breed. As the newer generation becomes more of the population, they will demand digital. “. “At At our bank, when customers enter arrears, their use of our apps drops by 70%. “An Digital Collections. Social Media.

Regulations 45

Regulations Non-Bank On-Demand Gateways 45

FICO

OCTOBER 26, 2021

But the reality is that credit unions are still competing for customers in the same market as big banks and FinTechs. On one side, you have big banks with big budgets and market dominance – but according to a recent survey by Accenture , only 29% of U.S. consumers trust their bank to look after their long-term financial wellbeing.

Credit Union 52

Credit Union AI Non-Bank Risk Assessment 52

FICO

SEPTEMBER 19, 2022

These rules require the debt collectors and recoveries staff to—if non-complaint—make significant changes on how and when they can communicate with debtors. Banks and financial institutions have always sought to gain a realistic awareness of their customers’ wants, needs, likes, and dislikes. Embrace it. FICO Admin. by Cyril Cherian.

Regs 52

Regs Consumer Financial Protection Bureau (CFPB) CFPB Regulations 52

PYMNTS

JANUARY 23, 2018

Superior Press , a treasury management solution provider for commercial banks, is acting on that need. Steve Traut, co-owner and SVP of Sales at Superior Press , recently spoke with PYMNTS about why the company is helping banks stay up to date with technologies to help manage paper check volume, despite ongoing talk of its eventual demise.

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

FICO

JULY 29, 2020

The same argument can be extended to other industries like the one I mainly focus on, banking, wherein knowing a customer’s non-banking transactions can reveal information about customer segment, interests, and overall risk. Similarly, in the manufacturing industry there is now stronger demand for digital connectedness.

Assessments 52

Assessments Risk Assessment Non-Bank Risk 52

PYMNTS

JUNE 15, 2018

FreightWaves has developed an analytics platform and freight futures market to link industry players with supply and demand indicators. PatSnap said the funds will go toward its own R&D, as well as toward global expansion as it enables businesses to obtain the highest return on IP and R&D investments. FreightWaves.

Cybersecurity 40

Cybersecurity B2B Non-Bank Finance 40

PYMNTS

NOVEMBER 3, 2016

homeowners this fall, thousands were forced to seek shelter far from home, only to later return and find their homes destroyed or severely damaged by the storm. I suspect most people don’t understand banking regulations or the complexity that goes into payments, settlements and that sort of thing,” he said.

Faster Payments 72

Faster Payments Same Day ACH ACH Payments 72

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. With torrential growth and return on investment (ROI) driven largely by the trading of complex financial instruments, Lehman Brothers, Bear Stearns, Goldman Sachs and others achieved record profits and awarded unprecedented bonuses. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78