Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

Innovation 65

Innovation AI Payment APIs and Integration Online and Mobile Banking 65

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 109

FinTech Online and Mobile Banking Non-Bank On-Demand 109

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. Since 2012, we have offered innovative solutions to hundreds of merchants worldwide to drive revenue and increase loyalty. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

International Payments Processing

AUGUST 30, 2021

Therefore, cannabis stores cannot access the banking service at a national level, which prevents them from accepting card or digital payment. Since 2012, we have offered innovative solutions to hundreds of merchants worldwide to drive revenue and increase loyalty. However, cannabis is still federally illegal.

Process 88

Process Payments International Payments Online Payment Processing 88

PYMNTS

MAY 25, 2018

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or about €11 billion) was laundered through banks in Estonia between 2012 and 2016. Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In

Money Laundering 48

Money Laundering Non-Bank Accounts Process 48

CB Insights

SEPTEMBER 19, 2017

We also charted the share of unicorns that have been added to the club each year since 2013 by location (US vs. non-US). See the map and full list of all non-US unicorns, their select investors, and the date each reached unicorn status below. China Development Industrial Bank, Tencent Holdings, Morningside Ventures. 2/13/2012.

Non-Bank 78

Non-Bank Online and Mobile Banking Technology Innovation 78

Finovate

APRIL 4, 2024

Banking-as-a-Service provider Finzly launched Account Galaxy, a new embedded banking solution. Account Galaxy allows non-banks and fintechs to launch virtual accounts with real-time transaction monitoring. These capabilities offer non-banks and fintechs virtual accounts where transactions can be monitored in real-time.

Accounts 52

Accounts Non-Bank FedWire Payment APIs and Integration 52

PYMNTS

MARCH 9, 2020

At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Many small businesses, too, are struggling to access the bank products they need to survive and thrive, like bank loans and deposit accounts.

Credit Union 75

Credit Union Small Business Community Banks Online and Mobile Banking 75

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

DECEMBER 23, 2016

from 2012 to 2015. noncash payments totaled 144 billion in 2015, with a value of close to $178 trillion, up almost $17 trillion since 2012. percent by value from 2012 to 2015. billion from 2012 to 2015, with non-prepaid debit card payments leading the way, growing 12.4 trillion, since 2012. What’s more, U.S.

Debit Card 40

Debit Card Federal Reserve Chip Cards CHIPS 40

PYMNTS

JUNE 1, 2018

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In

Cryptocurrency 49

Cryptocurrency Money Laundering Non-Bank Central Bank 49

PYMNTS

MARCH 20, 2020

Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic region, according to Reuters Thursday (March 19). Now, it is the largest bank in Estonia. million in transactions that violated U.S.

AML 55

AML Money Laundering Non-Bank Breach 55

Finovate

JANUARY 24, 2024

Open banking company Tink has launched its new rules-based risk engine, Risk Signals. Open banking company Tink launched its new rules-based risk engine, Risk Signals this week. .” In the years since, Tink has grown into an open banking leader. Tink won Best of Show in its Finovate debut at FinovateEurope 2014.

Settlement 65

Settlement Risk Payment Service Provider (PSP) Non-Bank 65

PYMNTS

NOVEMBER 14, 2018

A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states.

Money Laundering 49

Money Laundering Law Enforcement Non-Bank Treasury 49

Fintech News

MARCH 26, 2024

The World Bank flagged in October 2023 that the region’s burgeoning economies would decelerate to 4.5% It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4

FinTech 104

FinTech APACS Payment APIs and Integration Multi-Currency 104

PYMNTS

JANUARY 8, 2020

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday (Jan. The post did not say when Amex would start operations in the country.

Non-Bank 53

Non-Bank Central Bank PayPal Process 53

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 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

PYMNTS

MAY 8, 2019

“The FTC is the sole federal regulator and enforcer in the non-bank small business financing marketplace. . “We are accountable for cleaning up this market,” he added, calling on the FTC to take a tougher stance on predatory small business lending.

FTC 60

FTC Federal Trade Commission Small Business Regulations 60

PYMNTS

APRIL 26, 2018

The Chinese central bank formally accepted American Express’ application to clear and settle domestic bank card transactions, the Wall Street Journal reported Thursday. billion bank cards in circulation, with government-owned UnionPay dominating the market with 90 percent market share, according to the Wall Street Journal report.

Non-Bank 51

Non-Bank Bank Card Disputes Central Bank 51

PYMNTS

DECEMBER 6, 2018

Brown, a Democrat on the Senate Banking Committee from Ohio, and Rubio, a Republican from Florida, said they will submit the bill on Thursday. Since the financial crisis, banks have not been giving small businesses as many loans. The cash advance outfits have won 25,000 judgements since 2012, a number that equals about $1.5

Small Business 47

Small Business Legal Non-Bank Origination 47

Fintech News

APRIL 10, 2025

From bustling megacities to remote villages, digital finance is breaking down barriers, giving millions access to banking, credit, and investment opportunities for the first time. million Samrat Investments , also known as Samrat Financial Banking, offers what it says is the world’s first customisable personal savings platform.

FinTech 112

FinTech Payment APIs and Integration Online and Mobile Banking AI 112

The Fintech Times

JULY 22, 2024

According to McKinsey, capital markets were responsible for 70 per cent of asset growth from 2012 to 2021. According to Ellevest research, only about half of women know where to go with a financial windfall compared to 72 per cent of men, resulting in women often moving their money into safe but non-growth-oriented bank accounts.

Non-Bank 64

Non-Bank Addressing Governance Government 64

CB Insights

OCTOBER 29, 2018

Date: March 21, 2012. Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: 2012. Bank of America and Countrywide. Zynga and OMGPOP. Price: $210M. a viral gaming hit for iOS and Android.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

PYMNTS

AUGUST 18, 2019

percent in late 2012. Big banks’ mortgage businesses are a lot smaller than they used to be,” Jeffery Harte of Sandler O’Neill told FT. Non-traditional mortgage lenders like Quicken Loans are now taking a bigger market share as traditional financial institutions opt out. percent, close to the all-time low of 3.3

Non-Bank 43

Non-Bank Treasury Finance Regulations 43

PYMNTS

OCTOBER 23, 2019

Ant Financial’s Alipay — WeChat Pay’s rival — launched a comparative feature in 2012 that lets users send and receive funds using a mobile number or email addresses. . Bank of China, China Merchants Bank, and Industrial and Commercial Bank of China have also launched payment features using a mobile phone number.

Online and Mobile Banking 44

Online and Mobile Banking eWallet Cross-Border Non-Bank 44

Finovate

JANUARY 22, 2024

Discretionary spending tools that analyze users’ transactions, identify non-essential expenditures, and offer insights into where their money is going. However, each of these needs to be brought under a single hub that is either standalone or offered by an existing fintech or bank.

Non-Bank 59

Non-Bank Automation FinTech Transactions 59

Payment Savvy

JUNE 18, 2020

According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. Fully known as the Society for Worldwide Interbank Financial Telecommunication , it is a bank to bank payment instruction system. It was during this period that a group of banks launched SWIFT in 1973. In 2015, more than 6.1

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

Fintech News

DECEMBER 13, 2023

The city-state hosts some of ASEAN’s biggest and largest fintech companies; it continuously attracts the lion’s share of fintech funding across the region; and its well-established banking sector has shown commitment to adopting and integrating emerging technologies.

FinTech 113

FinTech Web 3.0 Payment APIs and Integration APACS 113

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. HSBC CFO Ewen Stevenson announced plans to restructure the U.K.

Compliance 40

Compliance Money Laundering Non-Bank Regulations 40

PYMNTS

JULY 20, 2017

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

Online and Mobile Banking 51

Online and Mobile Banking Non-Bank Consumer Technology 51

PYMNTS

OCTOBER 17, 2018

So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Credit Union 50

Credit Union Legal Non-Bank Underserved 50

PYMNTS

MARCH 16, 2017

BDRC’s report, the SME Finance Monitor , released last week, analyzes Q4 2016 SME lending trends for banks and regulators in effort to guide their debates and actions in this industry. According to researchers, 47 percent of SMEs surveyed qualified as permanent non-borrowers.

Finance 40

Finance Non-Bank Cross-Border Small Business 40

Green.Money

AUGUST 16, 2019

Wire transfers are costly, and in many cases, take a trip to the bank. Best of all, there is no bank in the middle. It happened in 2012-2013 and again in 2016-2017. He also holds a seat on the board of breast cancer non-profit, as well as a clean ocean initiative in the Caribbean. ACH transactions can be reversed.

Bitcoin 52

Bitcoin Wire Transfer Checks Non-Bank 52

The Fintech Times

JANUARY 23, 2024

Funding and investments Ozone API, the open banking API platform, has raised a £8.5million Series A round to fund its continued global expansion. Alba Bank, the UK challenger bank for SMEs, has strengthened its leadership team ahead of its planned market entry, hiring Michael Mustard as general counsel and company secretary.

FinTech 69

FinTech Payment APIs and Integration Agreements Finance 69

Finovate

MARCH 15, 2024

Last month at FinovateEurope, we introduced Swedish embedded banking and payments company Visualizy to our audiences. Founded in 2022, the company offers a multi-bank platform that helps businesses lower costs, reduce errors, and boost security in their financial and payment operations. open banking a major boost.”

Central Bank 52

Central Bank Payment Service Provider (PSP) Non-Bank Settlement 52

PYMNTS

MAY 28, 2018

In banking, the Office of the Comptroller of the Currency has issued new guidance that encourages banks to offer what are defined as responsible small/short-term loans to customers. This guidance sends a clear signal [that] bankers can help customers receive short-term loans within the well-regulated, cost-effective banking system.”.

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Money Laundering Privacy Non-Bank 40

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Can banks have it both ways?

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Checks 53