Identity presents a challenge for consumers around the globe, according to FinTech experts at artificial intelligence (AI) biometric software companies. “There are about a billion people in the world who lack any kind of legal identity whatsoever,” Distilled Identity CEO David Shrier told PYMNTS in...
Payments can be very cyclical for clients of FinTech startups – they can be flooded Monday morning after a quiet Sunday. With that sudden rush of information, the startups need to rapidly adapt to handle that flow of information. “We need the ability to scale...
Ajay Chopra, who founded Pinnacle Systems, a digital video hardware and software company for consumer and broadcast markets, wrote a column in TechCrunch about the viability of a private equity buyout for a startup. The option, the current venture capitalist said, is one worth seriously...
It’s a time of great transformation for payments in the eyes of FinTechs: “The payment market is changing rapidly with the adoption of electronic payments and soon-to-be real time payments,” DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS.com in an interview. For receivables, Berdan noted that larger banks...
Morgan Stanley wants to make it easier to acquire new tech from startups as well as pick up the pace of collaboration amid concerns from FinTechs that partnering with big banks can be slow and expensive. According to a report in Reuters citing Shawn Melamed, Morgan Stanley’s...
Before Rachel Carpenter co-founded FinTech startup Intrinio, she faced a challenge when it came to building an app for the finance industry: She couldn’t afford the data needed to run the program. That is, she needed to pull stock prices and all sorts of information...
Regulatory changes, particularly those in Europe, are making it an interesting time for companies to be in the forex and money exchange businesses. “They’re dealing with the need to comply with things like GDPR,” Global Data Consortium (GDC) Co-founder Charles Gaddy told PYMNTS in an...
There are all kinds of startups that set out with a big goal in mind — disrupting an ecosystem; remaking the way people buy, sell and pay; hitting reset in healthcare and even changing the entire world as we know it. Big plans generally required...
Bird and Lime, the two electric scooter sharing startups, have been reducing the amount they are seeking to raise from investors amid rising competition and vandalism of their scooters. The Wall Street Journal, citing people familiar with the discussions, reported that Bird plans to take...