"There is a clear demand on the part of consumers for personal loans," said Shayan Khwaja of BBVA Compass.
In a transaction last year, credit card giant American Express acquired U.K. digital payments startups Cake Technologies, the global financial firm recently confirmed.
In a massive deal, Experian is set to acquire London-based fintech startup ClearScore for $385 million.
The EU will propose common standards for blockchain in an effort to create more clarity and encourage fintech innovation.
The has opted to implement the robotic process automation solutions, Kofax Kapow and Kofax TotalAgility, to overhaul its legacy infrastructure.
WePay will continue to operate as a standalone company and receive additional resources from JPMorgan Chase to continue to grow.
The most popular reported use for fintech, with 32% of respondents, has been connecting with online lenders.
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.
PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."
Unisys recently launched its new banking solution Elevate, an onmichannel platform that aims to improve the customer experience.
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's new innovation center in New York aims to help serve clients build better technology-based solutions in disruptive sectors.
Uniken's CEO says being selected for the Wells Fargo Startup Accelerator program "is a great validation of our innovation in delivering great security.”
With Rise London, Barclays hopes to create new fintech-based products and services, experiment with emerging technologies, and spot early trends.
"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.
The award, handed out annually by Celent, aims to honor the best use of technology in different areas critical to success in banking.
The new IMF working group will study the many economic and regulatory implications of the technological developments that are changing the world of finance.
Customers and providers that adopt the “as a service” model will find themselves relatively insulated from political winds — and perhaps better positioned for the wider evolution already underway.
"Succeeding in this new competitive landscape requires a rigorous focus on customer care," says Atul Garg of Protiviti.
More and more economists continue to insist on the theory that bills will come to an end.
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.
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–The Open Financial Exchange (OFX) Consortium last Thursday released OFX 2.2 for public comment. The updated specification offers financial institutions safe and secure data aggregation as well as enhanced data element support which includes support for credential-less OAuth or similar ...
EMC Corporation (NYSE: EMC) last week announced EMC DSSD D5 rack-scale flash storage. Designed for the most data-intensive applications which require extreme levels of performance and the lowest possible latency, the DSSD D5 is designed to improve fraud detection, credit ...