Fintech News

APRIL 24, 2025

billion payments Advance Intelligence Group Valuation: $2 billion Founded in 2016, Advance Intelligence Group is the parent company of Atome Financial, ADVANCE.AI, and Ginee. Flipkart acquired PhonePe in 2016, and by 2018, it achieved unicorn status, just three years after it started. billion insurtech Matrixport 1.05

FinTech 138

FinTech Online and Mobile Banking Payment APIs and Integration Finance 138

Finovate

JANUARY 7, 2025

” Canada-based Lexop was founded in 2016 to offer a compassionate debt resolution platform for credit unions. Logistically, Eltropy will continue to operate out of its headquarters in Santa Clara, California and Lexop will continue its operations in its headquarters location of Montreal, Quebec.

Acquirers 64

Acquirers Technology Credit Union Community Banks 64

Finovate

MAY 28, 2025

Founded in 2000, Daon made its Finovate debut at FinovateFall 2016 in New York. ” The partnership between Giesecke+Devrient and Daon will provide companiesincluding those in financial services and in merchant ecosystemswith identity continuity throughout the entire customer journey, from onboarding to recovery. .

Fraud Prevention 52

Fraud Prevention Verification Deepfake Central Bank 52

Fintech News

APRIL 29, 2025

Founded in 2016 as the U.K.s As our customer base and operations continue to grow, our adoption of Provenirs AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience. bank, savings bank and mortgage lender on Trustpilot.

Risk 71

Risk AI Credit Risk Product 71

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

Audit 130

Audit Risk Management Accounts Risk 130

The Payments Association

JANUARY 16, 2025

Starting 30 December 2024, crypto-asset service providers outside the EU must secure MiCA authorisation to continue operating in the EU market. Non-EU businesses will need an EU presence to continue and expand their operations in the region. This transition period, known as the Grandfathering period, runs until 1 July 2026.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

Finovate

APRIL 25, 2025

” IllumaShield helps banks and credit unions verify callers with its audioprint technology that continuously analyzes the unique characteristics of a callers voice and device using advanced signal processing, machine learning, and AI. This passive authentication eliminates the need for security questions or spoken pass phrases.

Credit Union 64

Credit Union Authentication Enrollments Verification 64

Fintech Finance

JANUARY 6, 2025

Tikkie continues to gain popularity: ABN AMROs payment app handled 157 million payment requests in 2024 for a total of 7.4 Since Tikkie was first launched in 2016, the app has been used to pay more than 32.6 We look forward to continuing to make our users happy in 2025. billion euros. billion euros. billion euros.

Payments 98

Payments Returns Consumer Continuity 98

Finovate

SEPTEMBER 10, 2024

We are especially grateful for our attendees and sponsors, whose support continues make our Finovate conferences among the most anticipated events in our industry. Let’s also raise a glass to all of our demoing companies for their innovations in fields ranging from regtech and payments to lending, wealth management, and beyond.

Deepfake 111

Deepfake Innovation Advisors Risk Management 111

The Fintech Times

OCTOBER 31, 2024

M&As Houlihan Lokey, the global investment bank, has acquired PSL, a provider of technology-driven valuation and analytic services, as it continues to strengthen its financial and valuation advisory business and offer clients a differentiated experience using data-driven deliverables.

FinTech 59

FinTech Verification Money Laundering Regulatory Compliance 59

The Fintech Times

JANUARY 28, 2025

On 9 August 2024, CAT granted the Collective Proceedings Order (CPO) authorising the Proposed Class Representative to continue the claim as a class action on behalf of eligible UK merchants. The claim runs from June 2016 to date.

Visa 59

Visa Commercial Card Caps Laws 59

PYMNTS

AUGUST 13, 2020

Waze is committed to continuing to help businesses leverage innovative technology to adapt, evolve, and engage with customers,” said Andrew Kandel, Waze U.S. But in June of 2016, Google went ahead and merged this data anyway, effectively destroying anonymity on the internet.”. country manager, in a statement.

Contactless Payments 138

Contactless Payments Federal Trade Commission FTC Payments 138

Fintech News

JULY 9, 2024

Since its inception in 2016, Fave has facilitated over US$1 billion in transactions across Southeast Asia and India, helping consumers save over US$500 million through its loyalty programs. The company plans to continue rolling out innovative commerce products in partnership with Pine Labs.

Interoperability 110

Interoperability Payments Payments Institute Facilitators 110

The Finance Weekly

OCTOBER 12, 2023

million , according to Crunchbase , has run out of money and will continue operations going as long as possible, the source said. OnPlan was founded in 2016 by David Greenbaum and reached , $1.5 The Florida based FP&A software solution, which has raised $6.8 million in revenue in 2023.

Automation 147

Automation Small Business Compliance AI 147

PYMNTS

DECEMBER 16, 2020

Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. . The new funds follow a $33 million August fundraise from new investors, including Lloyds Banking Group, Nationwide Building Society and venture capital firm 83North.

Real Time Payments 133

Real Time Payments Visa Faster Payments Near Real-Time 133

The Fintech Times

FEBRUARY 4, 2025

Source: The Fintech Times Key statistics Image Source: The Fintech Times This is an excerpt from The Fintech Times: Middle East and Africa (MEA) 2024 Report : read online The post How is Senegal Leveraging Fintech to Overcome Major Inclusion and Economic Challenges?

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

FICO

NOVEMBER 30, 2016

In many ways I think 2016 was the year that analytics hit the mainstream. At cocktail parties and in coffee shops, 2016 has been the year that we data scientists suddenly felt a bit like – dare I say it? analytics 2016” returned 52.3 rock stars. million hits. million hits.

AI 108

AI Compromise Risk Assessment Assessments 108

Fintech News

OCTOBER 6, 2024

Wong joined Adyen in 2016 in a technical role before transitioning to sales in 2017. Ben Wong “I am honored to step into this new role and contribute to Adyen’s continued growth. Wong’s experience in both technology and sales has contributed to the company’s work in sectors like retail, e-commerce, and hospitality.

Addressing 109

Addressing Global Payments Payment Solutions FinTech 109

Fintech News

MARCH 6, 2024

Since acquiring its inaugural license in Luxembourg in 2016, Bitstamp has expanded its regulatory compliance across major markets, including the UK, Luxembourg, the Netherlands, Italy, Spain, France, and the United States, covering 40 states like New York, Washington, Texas, and Florida.

Security 109

Security APACS Regulatory Compliance Compliance 109

Fintech News

FEBRUARY 26, 2024

In 2023, JULO saw a 73% rise in its revenue and disbursed over US$454 million in loans, totaling approximately US$1 billion in disbursements since its inception in 2016. The company has a retention rate of over 70% per cohort, contributing to reduced loan acquisition costs and increased efficiency.

Underwriting 116

Underwriting Credit Cards Risk Management Volume 116

Fintech News

JUNE 9, 2024

Since its launch in 2016, JULO has disbursed over US$1 billion in total, with nearly half of that amount disbursed in 2023 alone—a 50% increase from the previous year. JULO also recently expanded its offerings by launching non-credit products such as insurance and continues to build on these new services.

Financial Inclusion 117

Financial Inclusion Underserved Non-Bank Returns 117

PYMNTS

MAY 1, 2020

The letter highlights continued tension between the world’s largest social network and advertisers, who want to know what they are getting in exchange for billions of dollars spent on Facebook pages. . We will continue working with MRC on accreditation, as we have since 2016.”.

Accreditation 93

Accreditation Audit Compliance Addressing 93

Fintech Review

MARCH 17, 2025

As automated trading continues to reshape financial markets, strategies that merge speed, adaptability, and precision are becoming essential tools for traders looking to navigate golds volatility. A wave-centric approach positions trades ahead of market shifts, letting traders ride momentum instead of chasing it.

AI 52

AI Advisors Automation Risk Management 52

Fintech News

APRIL 13, 2025

Despite a clear funding slowdown across global markets , Indias fintech sector continues to command significant capital, ranking as the third-highest funded fintech ecosystem globally after the United States and the United Kingdom. A standout USD $658 million Series D in 2023 signalled continued investor confidence.

FinTech 71

FinTech Online and Mobile Banking Finance Push-to-Card 71

Fintech News

APRIL 22, 2024

Bambu, launched in 2016 by Phillips alongside co-founders Luke Janssen and Aki Ranin, had secured at least US$13.4 As the liquidation process continues, Phillips noted that Bambu’s technology has been sold to multiple buyers, ensuring that their advancements in the fintech space would persist beyond the company’s operational life.

Shutdown 113

Shutdown Advisors Mitigation Consulting 113

PYMNTS

JUNE 26, 2020

We continue to closely monitor developments and assess new information as it becomes available,” a Visa spokesperson said in an emailed statement to Bloomberg. Our priority is ensuring people are able to continue to use their cards,” Mastercard said. “We Wirecard did not return a request for comment, Bloomberg reported. At issue is $2.1

Visa 101

Visa Accounts Request for Comment Payment Networks 101

Fintech Finance

JUNE 27, 2024

His vision and dedication have been invaluable to our success, and I am confident that under his leadership, we will continue to achieve outstanding results.” To that end, I have the clear brief to continue to make everything we do here at Nium all about the customer. Appointing Spencer to COO was a natural decision.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Advisors Continuity 98

PYMNTS

NOVEMBER 13, 2020

The SEC claims that Tolstedt publicly discussed and endorsed Wells Fargo’s “cross-sell metric” as a way of keeping track of the bank's financial success from mid-2014 to mid-2016. In 2016, Stumpf announced his resignation as chairman and chief executive of Well Fargo in the scandal’s wake. Stumpf also already agreed to pay $17.5

Request for Comment 92

Request for Comment Settlement NOV Authorization 92

PYMNTS

NOVEMBER 13, 2020

Google is integrating its Expedition 360 virtual reality (VR) tools to Google Arts & Culture app to allow teachers to keep offering students digital adventures as remote learning continues. The original Expeditions Pioneer Program launched in 2015 for educators and in 2016 was made available on the Android operating system.

NOV 88

NOV Participant Origination Continuity 88

Fintech News

FEBRUARY 25, 2024

Established in 2016, HitPay offers a no-code, full-stack commerce infrastructure designed to empower small businesses. As HitPay continues to grow, we will seek to further expand our license portfolio in Southeast Asia to better serve the needs of our SME customers as their preferred commerce enabler.”

Cross-Border 109

Cross-Border Small Business Payments Payments Institute 109

Open Banking

JANUARY 13, 2025

Adoption continues to grow month-on-month, with over 11m active users in November 2024. Marion King , OBL Chair and Trustee Open banking is just seven years young, and much has been achieved. The UK pioneered this financial innovation, and our Standard keeps on providing a blueprint for many jurisdictions across the globe.

Economy 59

Economy Message Standards Cross-Border API 59

VISTA InfoSec

DECEMBER 19, 2024

The reason why SWIFT took the initiative to introduce the Customer Security Programme (CSP) was due to a series of high-profile cyberattacks in 2016, particularly the Bangladesh Bank heist which revealed significant vulnerabilities within the local security measures of individual institutions.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

PYMNTS

NOVEMBER 12, 2020

We are thrilled to have the support of world-class investors who bring a highly strategic network to help us continue with the vision, with zero pivots, that Clive [Mitchell], my co-founder, and I started with in 2016,” Nigel Verdon , co-founder and chief executive officer (CEO) of Railsbank , said in a statement on Thursday (Nov.

NOV 88

NOV Credit Cards Participant Product 88

PYMNTS

DECEMBER 21, 2020

Annual revenues have grown from $97 million in 2016 to an anticipated $1.25 Salt Lake City will continue to be Acima’s headquarters, and the company will incorporate Rent-A-Center’s complementary Preferred Dynamix platform to create a frictionless LTO experience for consumers and retail partners. billion in 2020.

Federal Trade Commission 105

Federal Trade Commission Acquirers FTC Adjustments 105

Finovate

MARCH 4, 2025

” Payoneer has presented at FinDEVr New York in 2016, where it showcased integrating its Armor Payments API into a marketplace. ” Once they link their account, Nequi savings accountholders can transfer up to $5,000 per month, with a maximum of $2,000 per transaction. .

Payment APIs and Integration 52

Payment APIs and Integration Cross-Border Transactions International Payments 52

PYMNTS

NOVEMBER 20, 2020

According to Loadsmart, examples include “truckload instant pricing and booking in 2015; server-to-server autonomous truckload booking via API and TMS integrations in 2016; and drayage and transload digital services in 2019.”.

API 101

API NOV Legal Participant 101

Open Banking

SEPTEMBER 9, 2024

We look forward to continuing to work closely with the FCA, PSR and HM Treasury to help deliver the future arrangements for Open Banking. “As we move towards this future, we will continue to ensure the Standard is maintained and that the nine banking providers are held to their ongoing obligations under the CMA’s Order.”

Innovation 121

Innovation Message Standards API Enrollments 121