FinTech Archives - Finance TnT

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.”

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.

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.

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.

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.