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Tag: fintech


Channels

The digital transformation divide in Europe’s banking industry

May 7, 2024

Via: FinTech Futures

According to the survey, fund managers have rediscovered their optimism, and gloomy predictions of recession seem to have been narrowly avoided. Against this backdrop, European fintech is finding its footing once more. Thanks to an exemplary combination of resilient financial […]


Regulations

JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits

February 20, 2024

Via: FinTech Futures

The US bank first acquired a 48.5% stake in Viva Wallet in December 2022 in an effort to tap the European payments market, with WeRealize, led by Viva Wallet founder Haris Karonis, retaining the remaining share. However, reports have suggested […]


News

FinTech Futures: Top five news stories of the week – 26 January 2024

January 26, 2024

Via: FinTech Futures

UK asset management firm Abrdn has announced it is implementing a new “transformation programme” in a bid to streamline its operations and bring down costs, with 500 job cuts proposed. The company says the programme “targets an annualised cost reduction […]


News

5 banking trends to watch in 2024

January 9, 2024

Via: Banking Dive

2024 might be the year of wait-and-see. Can we expect a resurgence in the factors that spurred the failure of several high-profile banks last year? How will regulators respond to pushback against proposed increases in capital requirements? What is the […]


Capital and Risk, Operational

Instant payments, BaaS and GenAI: A fintech industry review of 2023

December 20, 2023

Via: FinTech Futures

With the end of 2023 on the horizon, FinTech Futures takes a look back over a year full of highs, lows, innovations, challenges, and transformative moments across the fintech landscape, featuring insights from the likes of JP Morgan Chase, Citi, […]


Regulations

E-invoicing in Europe 2024: a country by country policy overview

December 14, 2023

Via: FinTech Futures

The European Commission recently unveiled VAT in the Digital Age (ViDA), a comprehensive proposal to reform the EU’s value added tax system. This reform includes significant changes in the scope of obligations regarding e-reporting and e-invoicing. EU Member States will […]


Activity, Corporate Banking

US fintech start-up CapitalOS emerges from stealth with $39m in equity and debt financing

November 30, 2023

Via: FinTech Futures

The equity round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and angel investors from other fintech companies. Founded by former employees of Microsoft, Stripe, Lyft and Tipalti in 2022, CapitalOS says its software enables […]


Channels

How Embedded Payment Solutions are Driving Customer Loyalty

November 21, 2023

Via: Spiceworks

Explore the evolution of payment solutions with David Sharp, EverCommerce General Manager. Discover how embedded payment options enhance customer loyalty and satisfaction. In today’s digital age, how businesses handle payments has evolved dramatically. Gone are the days when customers had […]


Regulations

CFPB targets US fintech firms with proposals for increased regulatory scope

November 9, 2023

Via: FinTech Futures

The proposals put forward by the US consumer finance watchdog this week specifically target nonbank companies that offer digital wallets, retail payment apps, or process more than 5 million transactions per year. Under this scope, the new regulations would only […]


Activity, Retail Banking

Early Warning’s digital wallet offering Paze readies for launch as the US’ biggest banks look to fend off Big Tech

October 30, 2023

Via: FinTech Futures

Named Paze, the new service will be offered by participating financial institutions in a bid to deliver an improved payment experience for consumers shopping online and fend off the growing advances of Big Tech giants in the financial services space. […]


Capital and Risk, Operational

What bank, fintech execs are saying about AI

October 30, 2023

Via: Banking Dive

President Joe Biden is expected to sign an executive order on Monday aimed at regulating the development of artificial intelligence. The landmark order sets “new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands […]


Capital and Risk, Operational

Embedded Finance: Should Banks Overthrow Intermediaries and Reclaim Control?

October 27, 2023

Via: Bank Director

Well, everyone is talking about a $7 trillion opportunity in embedded finance. This colossal figure is enticing enough for several banks to hop on the bandwagon without even validating if they are truly prepared to be active competitors or if […]


Activity, Channels, Corporate Banking

BNP Paribas and 321founded partner to launch marketplace payment management fintech Panto

October 24, 2023

Via: FinTech Futures

Launching initially for European B2C e-commerce firms, the Paris-based fintech will provide a full-service payment platform enabled via API integrations. Its core suite will include cash-in features such as support for multiple payment acceptance capabilities and cash-out features such as […]


News

GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms

October 13, 2023

Via: FinTech Futures

Joining Sixth Street as part of the consortium are funds and accounts managed by the New York-headquartered investment firm KKR, investment management firm Bayview Asset Management and credit and payments company CardWorks. Investment advisor Pimco also supported the transaction through […]


Activity, Corporate Banking, Regulations

Senate bill would let SMBs use SBA loans to cover fintech fees

October 4, 2023

Via: Banking Dive

Small-business owners are increasingly relying on digital financial tools to help them manage spend, process payments, track payroll expenses, and handle other administrative tasks, according to the Financial Technology Association. That’s why the trade group, which represents 26 fintechs, says […]


Channels

JPMorgan Chase revs up payments lab hiring

September 7, 2023

Via: Banking Dive

As part of the hiring spree, JPMorgan’s payments division is hosting a career event this month in Athens to woo engineers and technologists interested in working for the lab. In a post on his LinkedIn page, Choulakis put out a […]


News

FinTech Futures: Top five stories of the week – 11 August 2023

August 11, 2023

Via: FinTech Futures

Revolut confirmed this week that from 2 September, its US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled from 3 October. Speaking to FinTech Futures, a […]


Capital and Risk, Credit

SumUp secures $100m credit facility to expand merchant cash advance product

August 9, 2023

Via: FinTech Futures

The company says its latest offering, SumUp Cash Advance, will help merchants in the UK finance their operations by furnishing advances of up to £20,000 based on their payment history. Merchants can then pay the advances back through payment acceptance […]


Regulations

Fintechs call on UK government to put an end to hidden fees in cross-border payments

July 24, 2023

Via: FinTech Futures

The letter says that there is currently “widespread practice of firms showing currency conversion services as have ‘zero fees’ or ‘0% commission’”, but claims this is “highly misleading when a much larger charge is embedded in the exchange rate, ranging […]


Channels

Fintech data integration challenges and effective strategies

July 3, 2023

Via: FinTech Futures

The sheer volume of data that continues to grow exponentially, coupled with the demand for real-time insights and the diversity of data sources, present formidable obstacles in integrating and utilising data resources. In this article, I will explore the complexities […]