Sections
financial services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies.
(source: en.wikipedia.org)
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1.7KMobile CommerceApp Annie: Mobile Companies Valued 6X Higher Than Firms Without Mobile Focus
Go mobile or go back home — especially when it comes to payment and finance. That is one thing that came to...
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2.5KAlternative FinancesIndia’s Rapid But Rocky Transition Into Digital Financial Services
While much of the world is profoundly different at the end of this decade than at the beginning, there are few places...
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2.5KBank RegulationRegulators Detail Banking Rules For Hemp Firms
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the...
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2.2KBankingBank Branch Closings Take Toll On Rural Communities
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the...
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5.3KFaster PaymentsHow Faster Underwriting, Credit Analysis Unlock Faster Loan Payments
Consumers with poor credit and a lack of savings have few good borrowing alternatives when unexpected expenses arise. In the new Faster...
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16.1KPayments InnovationWhy Google’s Deal With Citi Isn’t About Becoming A Bank (But Is Still A Big Deal)
It was the gasp heard ‘round the world last week. Google confirmed that it will partner with Citi and Stanford Federal Credit...
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6.0KFaster PaymentsCan Real-Time Data Render Credit Scores Obsolete?
The rise of faster peer-to-peer (P2P) payment services has had an unintentional ripple effect for businesses, banks and merchants. With customers able...
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4.4KBankingGoogle Dives Into DDAs
Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ)...
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2.5KB2B PaymentsSalesforce On Digitizing The Mortgage Process — With An Eye On Millennials
According to Geoff Green, global head of mortgage and lending at Salesforce, the experience of applying for a mortgage is ripe for...
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3.3KInnovationMastercard Report: Nearly Half Of Consumers View Innovation As Purchase Driver
Society still puts the “gut instinct” on the pedestal, often celebrating people who lead by intuition and emotion, and putting them at...
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4.9KB2B PaymentsOpen Banking Goes Straight To The Corporate Customer
Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank...
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10.0KPayments InnovationUber Money Wants To Be The Bank Account For Uber Drivers
During the Middle Ages, payday was a yearly event wherein the local landlords and their peasant workers settled up for the previous...
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3.4KPayment MethodsFiserv Rolls Out New Bill Payment System Focused On Automation
Financial services company Fiserv has released a new system called CheckFree Next that will enable companies to provide automated and personal bill...
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7.5KDigital BankingWhy Merchant Services Are Key To Small FI Deposit Growth
This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and...
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2.5KCryptocurrencyFidelity Bolsters Digital Currency Custody Services
In hopes of profiting from the lack of large, regulated institutions in the chaotic digital asset space, Fidelity is bolstering its digital currency custody...
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2.6KRetailMercadoLibre To Bolster Investment In Brazil
With an eye toward logistics and financial services, MercadoLibre Inc. will reportedly invest over $718 million (3 billion reais) in Brazil next year. The...
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4.4KPartnerships / AcquisitionsUber To Team With Brazil’s Banco Inter For Financial Services
A source has revealed that Brazilian lender Banco Inter SA is currently in discussions with Uber about partnering in financial services. The...
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3.0KAlternative FinancesWhy Migrant Workers Need Their Own Financial Services
According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million...
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3.9KPodcastsAs The 2020s Dawn, Why Credit Unions Need Millennials
With 2020 rushing toward us, a new decade means its time to take stock of where we are and where we’re headed in...
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3.5KDigital BankingBuilding The ‘Super App’ For The African Market
This week, Cellulant – an Africa-focused payments services firm – is announcing a big play to build the comprehensive “catch-all app” for...
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4.1KBankingWill The SAFE Banking Act Make Life Riskier For Banks?
Since California first declared marijuana “legal” for medical consumption in 1996, transactions involving legally permitted cannabis have been complicated things. In fact,...
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3.4KGlobal PaymentsWhat Brexit Uncertainty Will Mean For Ireland’s FinServ Future
The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the...
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3.0KPersonnelBain Capital Hires Keri Gohman As Operating Partner
Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Gohman will work across the firm’s...
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2.6KDigital BankingNeobank Northmill Gets Swedish Banking License
The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday...
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5.1KPartnerships / AcquisitionsMastercard, R3 Team Up To Bring Blockchain To X-Border Payments
Enterprise software provider R3 is teaming up with Mastercard to establish a blockchain solution for cross-border payments, the companies said in a...
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3.1KDigital BankingJD.com, Central Group Team Up For FinServ App
JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local...
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5.5KDigital BankingSWIFT Reveals New API Standard For Pre-Authorization Of Funds
A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in...
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2.8KInternationalMTN’s New Mobile Money Transfer Service Caters To Unbanked Nigerians
The biggest telecom company in Nigeria has launched a mobile money transfer service intended to serve the country’s unbanked population, according to...
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2.3KSafety and SecurityLloyds To Launch Support Team To Fight Financial Abuse
British financial institution Lloyds Bank is putting together a team to fight domestic financial abuse by offering help to victims, according to...
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3.6KPartnerships / AcquisitionsRaisin FinTech Enters Pension Market With Fairr Acquisition
FinTech startup Raisin, a company that offers savings and investments in the pan-European market, has acquired German startup Fairr, according to a...
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3.2KB2B PaymentsCiti Eyes Asia, Europe In Treasury API Adoption
Citi announced on Monday (Aug. 26) that its corporate treasury APIs and its CitiConnect API platform have processed more than $26 billion...
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2.6KInvestmentsGrab Continues Asian Expansion With Foray Into Vietnam
Ride-hailing company Grab, which recently announced a $2 billion expansion plan in Indonesia, said it was going to invest “several hundred million...
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3.7KLoansXiaomi To Roll Out Consumer Lending In India
With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing...
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4.0KPersonnelWalmart Adds Two Global Governance Leaders To Support Financial Services
To help advise its financial services business as one global team, Walmart has added two new global governance leaders. Emma Waddell will...
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2.8KInternationalGhana’s Central Bank Pulls Licenses Of 23 Financial Institutions
In August of 2017 Ghana’s government announced that it was going to clean house in its financial services sector — particularly among...
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2.2KB2B PaymentsCurrencycloud, Iwoca Next To Land RBS Funds
Four U.K. FinTechs have been named as the next winners of funds from the Royal Bank of Scotland (RBS) to boost financial...
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4.9KAlternative FinancesFinServ Matchmaker SuperMoney Tops $2B In Loan Requests
Most people make big purchases not so much with the total cost of ownership in mind, but how much it costs them...
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5.1KB2B PaymentsBottomline Launches Open Banking API
Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate...
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3.2KEarningsLendingClub Logs Lower-Than-Expected Losses
Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of...
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2.9KInvestmentsStackin’ Scores $4M In Funding, Adds Digital Banking Features
Startup Stackin’ announced it has raised $4 million in Series A funding and is also launching no-fee checking and savings in conjunction...
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6.4KDataWhy Mastercard Bit On Flybits
In the art and science of reaching a consumer, some things never change. The gold standard of marketing is, was and ever...
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21.7KPartnerships / AcquisitionsFiserv-First Data Merger Is Complete
The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation....
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3.3KAlternative FinancesBringing Debt Management Into The Digital Age
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”...
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6.0KLatin AmericaLATAM’s Payments Innovation Renaissance
Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. The level of opportunity arising...
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2.7KToday In DataFor Credit Unions, Data As Competitive Advantage
Data, data everywhere. For credit unions, data may be the conduit to competing with banks. As found in the latest PYMNTS Credit Union Tracker,...
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1.6KInvestmentsMyMoneyMantra Financial Marketplace Lands $15M For Expansion
Indian financial services marketplace MyMoneyMantra announced that it has raised $15 million (INR 100 crore) in funding from Dutch-based IFSD and private...
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6.2KAuthenticationThe Future Of Compliance: Using Data Better
In the pre-digital age of financial services, AML/KYC was a very slow process. The government would put out their lists of sanctioned...
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6.4KPlatform Paymentsi2c On Brex And ‘Fast Twitch’ Innovation
The good old days of a two-year product development cycle are pretty much over. These days, no matter how creative, innovative and...
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5.3KDigital BankingInstaReM CEO: Why We Want A Digital Banking License
When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no...
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2.0KToday In DataDelivering Faster And More Secure Payments
The financial services landscape is moving to upgrade existing payment infrastructures or create new systems to deliver faster and more secure payments. In the...
