Infographic: Banking in Europe 2017
Banking by the numbers in the EU, with key facts and figures from the European Banking Federation, including stats on which fintech is getting the love from big banks.
Banking by the numbers in the EU, with key facts and figures from the European Banking Federation, including stats on which fintech is getting the love from big banks.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
Enterprise software firm R3, the UK’s Financial Conduct Authority (FCA), RBS and another unnamed bank have built a prototype application for regulatory reporting of mortgage transactions on R3’s Corda distributed ledger technology (DLT) platform. The application is also able to generate automated delivery receipts for the regulator when a mortgage is booked. The application was […]
Client lifecycle management (CLM) software vendor Fenergo has landed a deal with Santander Global Corporate Banking – to revamp its client onboarding process. Fenergo CLM will be rolled out to Santander’s operations in Europe, Asia and the Americas, across multiple business lines.
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
At the recent G20 meeting in Germany, Financial Stability Board (FSB) briefed leaders on its efforts to arrest the decline in correspondent banking relationships. FSB also presented the results of a survey of more than 300 banks in 50 countries, supplemented by Swift payments data, which showed that the number of correspondent banking relationships continues to decline globally.
Money is the honey keeping fintech sweet. Our latest funding round-up features Linxo, Rubique and TNG. French start-up Linxo, which offers a budget management app, has raised €20 million from Crédit Agricole, Crédit Mutuel Arkéa and MAIF (a mutual insurance firm) – bringing the funds raised since its launch to €23.2 million. MAIF is a […]
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
Fintech startups continue to make headlines with investments and accolades. Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Tim Rogers, engineer at London-based start-up GoCardless, asks do we need to kill screen scraping? If you work in this industry you’ll […]
Another day, another acquisition—this time with a focus on card-linked offers. London-based Collinson Group, on Sept. 8 announced it’s purchasing “a number of assets” from Boston-based Linkable Networks, including Linkable’s card-linked-offers platform.
After his first few months at the helm of the Network Branded Prepaid Card Association, Brian Tate talks about prepaid’s role alongside fintech in the next generation of payments innovation.
Before you get too excited about the down and dirty world of cloud security, we should warn you this is more of a light-hearted report on the quirky things our sister publication Telecoms.com picked up at the CloudSec conference.
After two years of stealth technology development and $3.6 million in venture capital backing, New York City-based Petal has announced a credit card that uses machine learning to underwrite customers instead of traditional credit scores.
Google might be raising some eyebrows with its traditional business, but the cloud team has started down an interesting route in the world of data centre interconnect (DCI).
Despite calls from fintechs to permit screen scraping under PSD2, the FIDO Alliance sees some serious flaws with that approach, including security and privacy issues.
Epipoli, the Pay Award-winning Italian gift card distributor with a network of 50,000 stores, has acquired 100 percent of social shopping and offers company Groupalia from entrepreneur Andrea Gualtieri.
This week Apple Pay celebrated its third birthday, and ACI Worldwide and Aite Group released data on rising mobile wallet usage, indicating that consumers in the U.S. and Europe are starting to catch up with those in Asia and Latin America where mobile wallets dominate.
Capgemini has roared into the artificial intelligence (AI) battle with new research which claims the human cost of automation is a myth, reports Banking Technology’s sister publication Telecoms.com. There might be a few people who will raise concern over such a claim, but in a survey of almost 1,000 organisations with revenues of more than […]
The U.S.’s No. 2 remittance provider is expanding its MoneyGram MobilePass service to its entire U.S. network of 35,000 agent locations.
The incentive trade group has named a new president and board members for 2017-2018.
Baton Systems, an on-demand platform for clearing, settling and managing payments between financial institutions, has appointed former Citigroup Vice Chairman Lewis B. Kaden to its advisory board.
Cloud storage is often hailed as the future of data storage in IT, but there are still risks involved. This infographic from Parker Software explains the disadvantages of cloud storage, reveals the cloud stats that aren’t commonly shared and argues there remains a strong demand for on-premises software.
The fintech funding is on fire. Following on from yesterday’s (6 September) action, here’s another round-up. Features ABN Amro, Cloud Lending Solutions, Dataiku, EY and Innovate Finance. Amsterdam-based ABN Amro has made an undisclosed investment in US-based Cloud Lending Solutions (CLS) – the second by the bank’s Digital Impact Fund (DIF) and in line with […]
It might seem obvious, but sometimes we just need to be reminded of how much information we give away without thinking about it.
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
More than a year after Capital One unveiled the feature, U.S. Bank customers still are among the first in the U.S. to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command to an Amazon Alexa device.
As some celebrate 10 years of contactless payments, Bastian Knoppers discusses why cards (not mobile wallets) are still king outside the U.S. and what it will take for the U.S. to catch up to the rest of the world on tap-and-go payments.
LevelUp’s nearly 1 million active users, as well as Chase Pay mobile wallet users, will have access to thousands more restaurants for order- and pay-ahead options, thanks to a deal with Onosys.
Fed Chair Janet Yellen needs a new No. 2. Today, Stanley Fischer submitted his resignation as vice chairman and as a member of the Board of Governors of the Federal Reserve System.
Wake me up when September sends a fintech funding round-up. Features Deutsche Börse, RegTek.Solutions, Finaeo and Now Money. Deutsche Börse and Illuminate Financial Management have co-led in a $5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider. As reported last month, the Regulatory Reporting Hub of Deutsche Börse launched a partnership […]
Lloyds Bank has launched a new service to help businesses manage their bookkeeping without manual intervention. Called Lloyds Bank Direct Bank Feed it allows clients to receive their statement information directly into their accounting software – “eliminating the need for businesses to manually input their bank statements and reduce the time spent reconciling accounts”. Steve […]
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’s sister publication). Apparently quite a lot of people already use WhatsApp around the world to interact with shopkeepers and other relatively simple business transactions such as placing orders, […]
Today’s financial services institutions are challenged to keep pace with changing and covert cybersecurity threats. Since financial institutions are among some of the most appealing targets for hackers, it is critical for these organisations to remain extra vigilant about securing confidential information.
French bank BNP Paribas wants to help merchants “kiss goodbye” the costly, time-consuming and complex task of managing multiple, incompatible domestic acceptance systems. Enter global standards.
Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment consultants, for $705 million funded through a mix of debt and cash on hand. According to Nasdaq, eVestment provides investors a database for both traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment […]
The risks are big, but the opportunities are even bigger; that’s why only the bravest are making the most of the digital economy to date.
Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
The wait is over. The 2017 Pay Magazine – Awards Issue is here. In this special issue, you’ll find out more about the programs, companies and two individuals that walked away with top honors from this year’s competition.
Austrian commuters with a sweet tooth may be able to save some money on their next train or bus fare thanks to Wirecard’s new digital voucher platform and a partnership between Austrian Federal Railways and Toffifee candymaker Storck.