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Tag: fintech


Capital and risk, Credit

Fintechs Have a Larger Share of Personal Loans than Banks or Credit Unions

November 27, 2017

Via: Bank Innovation

Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few years. The report, called Fact versus Fiction: FinTech […]


Capital and risk, Operational

JPMorgan buys fintech start-up WePay

October 18, 2017

Via: CNBC

JPMorgan has agreed to buy payments start-up WePay, in its first major acquisition of a financial technology (fintech) firm. The investment bank said Tuesday it would provide its 4 million small businesses clients with WePay’s payments technology. “With WePay, Chase […]


Products, Retail banking

Timex and Barclaycard collaborate to create contactless payment watch

September 29, 2017

Via: Banking Technology

Timex and Barclaycard have partnered in true style to produce a new range of contactless payment watches. The Fairfield Contactless promises to be a perfect fusion of style and smart functionality. Coming in at a retail price of ¬£159, it‚Äôs […]


Activity, Channels, Investment banking

State Street unveils Quantextual Idea Lab for investment research

September 22, 2017

Via: Banking Technology

State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. […]


Business banking, Products

WhatsApp mulls business revenue stream

September 6, 2017

Via: Banking Technology

Facebook-owned IM service WhatsApp reckons it might finally be able to make some money by charging businesses for clever access to their punters, reports Telecoms.com (Banking Technology‚Äôs sister publication). Apparently quite a lot of people already use WhatsApp around the […]


Channels

Swift teams with TCH to drive instant payments in US

August 16, 2017

Via: Banking Technology

The global financial messaging provider says it will provide US institutions with a gateway to¬†The Clearing House‚Äôs¬†(TCH) real-time payments (RTP) platform. And as instant payments become more ubiquitous in the US, Swift says it will provide an interface to manage […]


Activity, Investment banking

Where top US banks are investing in fintech ‚Äď CB Insights

August 14, 2017

Via: Banking Technology

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to¬†CB Insights. The research company says that while investment activity dropped on a quarterly basis in […]


Activity, Corporate banking

Banks and fintechs must revise expectations

July 17, 2017

Via: Banking Exchange

As customers, competition, and regulations intensify with every new technological advancement, banks and fintechs must reinvent their relationships with each other. This will involve entirely new approaches to regulatory development and vendor-bank agreements. In many organizations, basic cultural changes from […]


Channels

Bank web lending can be faster and cheaper

July 9, 2017

Via: Banking Exchange

The cover of Tompkins Financial‚Äôs annual report bears the slogan, ‚ÄúLocally focused; A world of possibilities.‚ÄĚ And that was part of the $6.2 billion-assets company‚Äôs thinking when it adopted an web-based commercial loan application system earlier this year that it […]


Channels

Fintech charter debate boils on

July 3, 2017

Via: Banking Exchange

The controversy over the possible establishment of a national banking charter available to fintech companies came into sharp focus at the recent ABA Payments Forum in Washington, D.C. The Comptroller‚Äôs Office, which is still weighing the issue‚ÄĒbut which has not […]