Tag: fintech


Professional cybercriminals put the heat on fintech

December 3, 2018

Via: Banking Technology

In the European Payments Council’s (EPC) “2018 Payment Threats and Fraud Trends Report”, it provides a bleak and very lengthy overview of the most important threats in the payments landscape. There is a lot to mention, but the EPC raised […]

Capital and risk, Credit

Lenders bet on AI for credit scoring

August 1, 2018

Via: Finextra

Banks have to struggle with a lot of risks – from issuing credit to operational challenges, technological troubles to good old fashion fraud. In addition to the risks of yesteryear, modern banks face falling long-term rates, growing fintech competition and […]

Business banking, Products

Square no longer angling for US bank charter

July 6, 2018

Via: Banking Technology

Square has withdrawn its application to open a new depository bank in the US, but says it plans to apply later to the Federal Deposit Insurance Corp (FDIC). As reported in September 2017, Square was applying for an industrial loan […]

Business banking, Products

BNY Mellon and Deutsche Bank launch co-developed chatbot for traders

June 4, 2018

Via: Banking Technology

The jointly developed chatbot-to-chatbot communication solution replaces manual responses to status updates on customers’ securities trades on the messaging platform Symphony. For references, processes that used to previously take up to three minutes for a single trade will now be […]

Business banking, Products

Five Benefits to Automating the Credit Process

May 29, 2018

Via: Bank Director

Automation is a common buzzword these days in the financial services industry. What does it really mean for your business, and how far can you take automation through your credit origination process? We have compiled the top five benefits of […]

Capital and risk, Operational

Three Fintech Startups to Watch Next Month

December 26, 2017

Via: Bank Innovation

EXCLUSIVE— Fintech is continuing to grow, as more startups across payments, insurance, blockchain, and other areas carve out niches for themselves in the financial ecosystem. And with more funding and more innovations come more players. Here are three that Bank […]

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


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’s […]

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. […]