The most popular reported use for fintech, with 32% of respondents, has been connecting with online lenders.
Financial & Payments Technology
RPA Implementation Proves Challenging – But Rewarding – for Insurance Companies
As RPA successes add up for insurers, these early wins may be seen as just the first steps on an industry-altering journey.
DECENT and Venaco Group Join Forces on Blockchain-SAP Integration Platform SophiaTX
“Integrating blockchain with SAP and other business applications is inevitably the next frontier for blockchain,” says SophiaTX head Jaroslav Kacina.
Mobile Wallet Usage Has Nearly Tripled Among U.S. Consumers Since 2014
"What we are seeing is a tipping point regarding adoption," said Mark Ranta, head of digital banking solutions at ACI Worldwide.
France and Sweden Continue to Grow as FinTech Hubs
The U.K. and Germany remain the fintech leaders in Europe, but the growth of two other markets shows that location is less important than ever.
LendingTree Names LeadCrunch, Traaqr, ForeverCar, Outleads, Starbutter as FinTech Award Finalists
"Innovation in lead generation and customer experience is key for businesses in today's ever-changing environment," said Doug Lebda of LendingTree.
Is a Wave of Dealmaking on the Way in Europe’s FinTech Sector?
2018 will mark a new era for action due to a new EU directive — the Revised Payment Services Directive— that will go into effect in January.
Stripe, SoFi, and GreenSky Lead the Forbes List of the Biggest FinTech Firms
Stripe leads the biggest fintech firms list — and with a $9.2 billion USD valuation is worth more than twice as much as second-place finisher SoFi.
Chinese Firms Adopting FinTech with More Urgency than Rest of the World
PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."
Visa Teams Up with YellowPepper for Digital Payments in Latin America and the Caribbean
“YellowPepper has the skill set and existing footprint in the region to help us accelerate time to market for our clients," said Allen Cueli of Visa.
PayPal’s Stock Hits Record High After Expansion of Apple Partnership
"PayPal customers will be able to pay for App Store, Apple Music, iTunes and iBooks purchases across iPhone, iPad and iPod Touch devices using their PayPal account," said the company.
Interview: Unisys Rolls Out Its Elevate Omnichannel Platform for Banks
Unisys recently launched its new banking solution Elevate, an onmichannel platform that aims to improve the customer experience.
Apple to Launch Peer-to-Peer Payment Service Pay Cash to Compete with Venmo, Square Cash
"We use Apple Pay in apps, we use it in the web, and there was one final frontier we wanted to conquer," said Craig Federighi of Apple.
Spanish Banks and Other Firms Band Together for Blockchain-Based Tech Platform
“It is a consortium network, collaborative and useful for all," said Álex Puig, head of Spain's new multi-sector tech platform Red Lyra.
Mizuho Financial Group of Japan Will Open New FinTech Venture in June
Though Mizuho will only take up to a 15% stake in the new venture, it believes the endeavor will help it innovate outside of the stuffy culture within the bank.
KPMG Launches Innovation Center in New York and Acquires FinTech Firm Matchi
KPMG's new innovation center in New York aims to help serve clients build better technology-based solutions in disruptive sectors.
Wells Fargo Adds ProxToMe and Uniken to Startup Accelerator Roster
Uniken's CEO says being selected for the Wells Fargo Startup Accelerator program "is a great validation of our innovation in delivering great security.”
Starbucks Suffers Payment System Outage After Technology Update Gone Wrong
According to the coffee company, today's disruption was related to an internal technology update malfunction — not the global WannaCry cyberattack.
Signzy Technologies to Enhance Identify Verification Process by Using IBM’s Watson
"Cognitive computing has the potential to dramatically simplify digital trust processes throughout the financial services industry," said Ankit Ratan of Signzy.
Barclays Opens ‘Rise London’ FinTech Co-working Space
With Rise London, Barclays hopes to create new fintech-based products and services, experiment with emerging technologies, and spot early trends.
Guardian Group Has Embraced Automation on Its Quest to Expand Beyond the Caribbean
"In two years’ time, we expect this to look like a completely different company,” said Ravi Tewari of Guardian Group.
Lloyds Banking Group Partners with Microsoft on Biometric Authentication for Account Holders
"Devices will recognize the user rather than having to remember an assortment of letters and numbers that are forgotten or could be guessed," said Lloyds.
Spain’s CaixaBank Named Model Bank of the Year by Celent
The award, handed out annually by Celent, aims to honor the best use of technology in different areas critical to success in banking.
Amazon Web Services Launches Cloud-Based Call Center Solution
"Amazon Connect is simple enough to be configured and run directly by business decision makers," according to Jeff Barr of AWS.
World Economic Forum Launches Center in San Francisco to Address Emerging Tech Challenges
"The presence of the World Economic Forum in our city will help accelerate innovative science and technology policies," said San Francisco Mayor Ed Lee.
IMF Establishes FinTech Task Force to Study How Technology Is Changing Finance
The new IMF working group will study the many economic and regulatory implications of the technological developments that are changing the world of finance.
NICE Releases New Omnichannel Recording Platform Aimed at Improving Customer Service
"We are strengthening our commitment to simplifying processes and experiences, empowering users, and facilitating digital interactions," said Miki Migdal of NICE.
Scotiabank Plans to Invest $1 Billion USD in Digital Transformation Over the Next Three Years
"Our customers want to do more of their banking through digital channels," said Brian Porter, Scotiabank chief executive
Banks Recognize the Need for Omnichannel Customer Experience but Few Are Executing
Though most now see the importance of omnichannel, more than half of the financial companies surveyed "have not begun substantive efforts."
PayPal Forecasts What Technology Will Hold for 2017
This is a guest contribution to Finance TnT by ...
Daimler Financial Services Buys PayCash Europe to Bulk Up Mobility and Digitization
"Daimler's new payment system underscores our ambition...to make the products and services we offer even more appealing," said the company's Bodo Uebber.
NICE Introduces New Onmi-channel Analytics Solution
Company president calls the onmi-channel offering "analytics with no limits."
BBVA Customers Can Now Open an Account with Selfie Identification
“We know our customers value their time and like to do everything through their cell phones," said Cristina de Parias, head of BBVA Spain.
Machine Learning Will Transform Finance and Accounting, Says Xero CEO
"As the software gets smarter it just creates more and more opportunities to add value," says Rod Drury of Xero.
NICE Earns Certification to Support Microsoft Skype for Business
NICE Trading Recording solution allows financial institutions to use the same secure means to capture calls in their back office that they use on their trading floors.
UK Actuary Department Publishes Assessment of Blockchain’s Potential
With blockchain, "we may see the financial services industry becoming more streamlined and efficient," says the U.K. actuary department.
Why Money Is Soon Coming to an End
More and more economists continue to insist on the theory that bills will come to an end.
Facebook Introduces Messenger Payment Option
TechCrunch notes that Facebook "is working with all the major players in the industry including Stripe, PayPal, Braintree, Visa, MasterCard and American Express."
Bank of America, JPMorgan, RBS, and BBVA Highlight Fintech Awards in 2016
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
Barclays Introduces Voice Biometrics for Telephone Banking Security
A person's voice pattern is as unique as their fingerprint, so Barclays is ditching security passwords in favor of voice biometrics.
CIOs Are Driving Corporate IT Resource Migration to the Cloud
A new survey reveals that, in nearly three-fourths (72%) of all enterprises, the CIO is the person leading migration to the cloud.
Intelligent Automation: The New Frontier in Banking
Automation is helping organizations deliver innovation in business and IT services while cutting costs, improving service, and optimizing processes.
The End of Money Draws Near
Two Scandinavian countries are already ditching currency for most applications, and one study says that money will be replaced by payments through mobile devices by 2030.
Wells Fargo to Offer Person-to-Person Mobile Money Transfers in August
The transfers occur instantaneously and come at no cost, with the sender only needing the recipient's email address or phone number.
Scotiabank Expands in Fintech by Partnering with Startup Kabbage to Offer Loans up to $100,000 USD
“We’re open for business as it relates to fintech and partnering with other companies,” said Scotiabank's Jeff Marshall.
Can Banks Compete in the Fintech War? A New Report Offers a Strategy
Banks must be proactive if they hope to survive in a world where fintech startups can offer the same services at a fraction of the speed and cost.
Blockchain Will Disrupt Finance as Digital Revolution Creates Winners and Losers
Some believe the blockchain technology that underpins digital Bitcoin ...
Deloitte Launches SAP S/4HANA Finance Lab For Finance and IT Leaders
NEW YORK, May 12, 2016 (PRNewswire) – Deloitte today announced ...
Insurance Technologies, LLC Taps Christopher Lintecum As Firelight VP of Sales
COLORADO SPRINGS, CO, May 12, 2016 – Insurance Technologies, ...
IDB Debuts Updated INTrade: Caribbean/LatAm Trade Information System
The Inter-American Development Bank (IDB) developed a new version ...