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

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. Using a mobility-led approach via the Svamaan App, it streamlines loan origination, management, and collections.

FinTech

PYMNTS

JUNE 20, 2016

According to the social platform, more than 110 billion emojis have been tweeted since being added to the service in 2014, and with emojis indicating a somewhat closer correlation with the specific emotion users are tweeting about, they could prove a powerful bank for marketers to draw off of in the future.

Non-Bank

PYMNTS

DECEMBER 4, 2018

Not only did the criminals behind the breach attack a juicy target (imagine the identities that could be hacked or created with all that information after it is sold to other fraudsters on the Dark Web or otherwise used), but they had apparently enjoyed unauthorized access into the hotel database since 2014. Good for them! Well, not really.

Breach

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

Finance

CB Insights

OCTOBER 29, 2018

Date: April 25, 2014. Ballmer led Microsoft’s purchase of Nokia for over $7B in a deal finalized in 2014. Date: January 13, 2014. In 2014, Google sought to make an entrance into smart homes by acquiring Nest Labs, a four-year-old startup founded by two ex-Apple engineers, Tony Fadell and Matt Rogers. Price: $7.9B.

Acquirers

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking

PYMNTS

SEPTEMBER 10, 2019

Bank of America recently applied to patent a security system with a digital wallet interface that fuels a layered authentication system. eIDEAS measures, which call for eSignatures to be used and accepted across the EU, took effect back in 2014. Blockchain-based systems are particularly popular. Department of Commerce.

Verification

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

P2P

Fintech Labs Insights

JULY 23, 2015

Five Finovate alums – including three innovative bank partners – have made it to the finals of the BAI Global Banking Innovation Awards 2015. Lending Club , Moven , and PayItSimple will compete for top honors in the “Most Innovation Non-Bank Financial Services Organization Award.”

Innovation

PYMNTS

AUGUST 16, 2019

Reinsch traced the 2014 genesis of the firm to his own experience as a freelancer , when a significant client did not pay an invoice on time. “As The advance payments , he said, are non-recourse in nature. It also brings opportunity to small businesses that want to grow, and have historically been turned down for bank loans.

Payment APIs and Integration

CB Insights

AUGUST 14, 2018

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” original iPhone. “No No one’s going to buy that.”. Robo-advisors.

Bitcoin

PYMNTS

JULY 1, 2019

Like Tencent and QQ, when Messenger separated from Facebook in 2014, it needed to get consumer and their friends to download the Messenger app. Back in 2014, Messenger users also had a different view of their “one place” to do all of those things – and it wasn’t any of their messaging apps. Just like WeChat did.

Bots

PYMNTS

SEPTEMBER 6, 2016

Also, two bitcoin experts responded to central bank calls for assistance in lifting the global economy and suggested that cryptocurrencies are less risky than central bank fiscal policies. Charles, is creating a network that is open to bitcoin and non-bitcoin users alike, according to Bitcoin Magazine. Let’s get the details.

Bitcoin

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021.  Bank transfers and digital wallets are more recent developments that have leveraged the rapid expansion in digital data and interconnectivity.

Payment APIs and Integration

CB Insights

SEPTEMBER 27, 2017

Netflix is very much a television network and not unlike what HBO and Showtime have done for years, they have some original product that goes out there. . “Netflix is a great service, it’s a great in-home service. They’ve had other movies. Robo-advisors. ” Innovation Summit: (N+1) Trends. ” 14.

Bitcoin

CB Insights

OCTOBER 10, 2017

Acorns’ rock-bottom customer acquisition costs as driven by non-viral referral. For the non-exited companies — Robinhood, Acorns, Stash, and Credit Karma — we looked at which apps had the highest rates of user growth and what’s driving expansion. bank accounts. The original Pageonce was a prototypical Web 2.0

Finance

Fintech Labs Insights

OCTOBER 30, 2020

The two finalists* were FinMkt ( founded in 2011 ), and non-profit fundraising platform Goodworld , ( founded 2014, raised $3.4M ). The New York City-based startup was originally founded in 2011 as Crowdnetic, then rebranded in 2016 as FinMkt. in Feb 2014. Subscription Banking: Revolut Launches Freemium Model.

FinTech

Fintech Labs Insights

MAY 19, 2016

billion, which would have been a record year anytime before 2014. This week, 7 deals did not reveal the amount raised including Finovate alum BlueVine which added Citigroup to the $40 million round originally closed last year. Digital banking company. Virtual assistant banking services. billion week ending April 22.

FinTech

Fintech Labs Insights

APRIL 17, 2017

In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Groundfloor is open to accredited and non-accredited investors in eight U.S. geographies.

Accreditation

CB Insights

MARCH 27, 2018

On Jan 31st, the originally scheduled date for its ICO, Kodak announced that it would be postponing its coin offering, claiming it would need more time to verify the “accredited investors” status of the 40,000+ people who applied to invest in the ICO. the day after the announcement (up from its price of $3.10 at open on Jan 9).

Blockchain

CB Insights

APRIL 7, 2018

While R&D scientists may seem non-essential to the manufacturing process, they are increasingly critical for delivering the latest and greatest technology, especially in high-tech manufacturing. As a report by Bank of America Merrill Lynch explains: “long robots, short humans.”. Robotics automate the once-odd jobs. Warehousing.

Technology

CB Insights

OCTOBER 26, 2020

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.

Underwriting

CB Insights

NOVEMBER 16, 2017

Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs. Facebook’s $22B acquisition of WhatsApp in 2014 was (and still is) the largest private acquisition of a VC-backed company ever. Semiconductor Manufacturing International (SMIC).

Returns

CB Insights

JUNE 17, 2020

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. Branchless banking. BANKING, HEALTHCARE, RETAIL SECTORS LIKELY TO EXPERIENCE SIGNIFICANT GROWTH IN CHATBOT USE. Cloud call centers.

Posting

CB Insights

OCTOBER 31, 2017

2014 Second Update (9/24/2014). 2014 First Update (6/3/2014). Original 50 Startup Failure Post-Mortems (1/20/2014). Background: Pearl was founded in 2014 by three ex-Apple iPod engineers, and hired dozens of other ex-Apple employees. 2017 Third Update (10/31/17). 2017 Second Update (6/9/17).

Posting

CB Insights

OCTOBER 31, 2019

Commercial Banking: How JP Morgan’s chatbot saves the company 360,000 hours a year. At the most rudimentary end of the spectrum, there are the bots that banks use to prompt callers through a phone tree, telling them to say “yes,” “no,” “check my balance,” etc. The rise and fall of chatbot hype: How the bubble burst.

Bots

CB Insights

OCTOBER 4, 2018

At $150B, the current valuation of Ant trumps the market capitalizations of leading financial institutions around the world, from Goldman Sachs and Morgan Stanley to Banco Santander and The Royal Bank of Canada. Between 2008 and 2014, China’s mobile internet users grew from 118M to 557M. Ant’s financial products.

Online and Mobile Banking

Fintech Labs Insights

JUNE 11, 2015

The goals of the project are twofold: To make it easier for developers to build payment apps for banks by embracing Open APIs. To make it easier for banks to safely access new payment technologies by providing resources like curated app marketplaces. A developer environment for payments app development and testing.

Payments