TechCrunch

MARCH 1, 2021

Known for its innovations in the payments sector, Square is now officially a bank. Nearly one year after receiving conditional approval , Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. The trend of fintechs becoming bank continues.

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Banking Fintech Small Business .Net 352

TechCrunch

JULY 16, 2021

But it might come as a surprise to learn that many in the industry believe that the story is just beginning and the sector is poised to achieve much more, with fintech’s next decade expected to be radically different from the last 10 years. Long before the pandemic, the way in which banks were regulated was changing.

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Fintech Banking B2B Small Business 340

TechCrunch

OCTOBER 13, 2022

Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. It is also licensed by Indonesia’s central bank, enabling it to offer more services.

Banking 225

Banking Fintech Infrastructure Mobile 225

CIO

OCTOBER 17, 2023

NetSuite is adding generative AI and a host of new features and applications to its cloud-based ERP suite in an effort to compete better with midmarket rivals including Epicor, IFS, Infor, and Zoho in multiple domains such as HR, supply chain, banking, finance, and sales. The ERP suite is available on Oracle Cloud Infrastructure.

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Generative AI Analytics Enterprise Budget 328

TechCrunch

MARCH 24, 2021

There are over 100 million adult Nigerians, of which more than half have little or no access to financial services. . In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline. Slowly , an online banking presence is built for them.

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Fintech Banking Systems Review Technical Review 363

TechCrunch

FEBRUARY 19, 2021

Financial institutions are falling behind the tech curve in delivering on the convenience consumers demand, leaving the door wide open for Big Tech companies like Apple, Amazon and Google to become our bankers. What happens when an advertising company now wants to be our bank? Traditional banks miss the digital mark.

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Fintech Banking Company Data 312

TechCrunch

MARCH 30, 2023

This year, we’re rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event — which will once again this year be held at the Moscone Center in San Francisco. On the Fintech Stage we will have some of the biggest industry players discussing some of the hottest topics in the industry.

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Fintech Blockchain Sustainability Hardware 246

TechCrunch

APRIL 27, 2023

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools.

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Fintech Banking Development Team Review Technical Review 246

TechCrunch

NOVEMBER 23, 2020

Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 Akash Sinha and Reeju Datta, the founders of Cashfree, did not have any prior experience with payments. Akash Sinha and Reeju Datta, the founders of Cashfree, did not have any prior experience with payments.

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Banking Insurance Travel Industry 310

TechCrunch

MARCH 13, 2023

Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system. Treasury bonds.

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Banking Real Estate Insurance Government 246

TechCrunch

MAY 14, 2023

There’s a lot of fintech news out there and it’s our job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann and Christine Brex bid for SVB portfolios The FDIC finally released the various financial institutions that bid for parts of Silicon Valley Bank’s portfolio. Welcome to The Interchange !

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Fintech Banking .Net Report 280

CIO

APRIL 17, 2023

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. The stakes for financial organizations are growing as well. And for every dollar lost to fraud, banks spend over $4 on recovery fees, legal fees, and other expenses.

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Cloud Artificial Intelligence Artificial Inteligence Banking 264

TechCrunch

JANUARY 17, 2022

Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which research says 85% of African small and medium businesses are subject to, are the main culprits of cash flow issues. Cash flow is a major pain point for small businesses in Africa.

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Fintech Small Business Retail Banking 363

TechCrunch

OCTOBER 31, 2022

The Bengaluru-based startup offers banking and payments APIs that allow development of fintech products such as banking, payment cards, neobanking and collections and payout services in a short period of time. It’s not so great.

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Fintech Banking Scalability Innovation 249

TechCrunch

MAY 11, 2023

billion of financial fraud in 2022 to the Federal Trade Commission , and while the FTC received fewer reports, 2.4 Bank transfer or payment fraud amounted to $1.6 When you expand this globally, Cable ’s co-founder Natasha Vernier told TechCrunch that financial crime becomes a $4 trillion problem. People in the U.S.

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Banking Fintech Testing Report 167

TechCrunch

MAY 17, 2022

Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners. The pair spent the first year stealthily building out the technology with the mission of giving companies a way to embed financial services into their product, accelerating their time to market.

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Banking Fintech B2B Infrastructure 234

OTS Solutions

JULY 28, 2022

Nowadays, Financial organizations are at the peak of their business transformation. Several financial businesses have launched their apps to compete in this digital transformation in financial services. The financial services industry has traditionally been a slow adopter of modern technology.

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Artificial Inteligence Blockchain Banking Fintech 204

TechCrunch

SEPTEMBER 16, 2022

When financial institutions want to offer a debit card or credit card, they hire an issuing processor to help them with those services. But when it comes to cross border payments and international fund transfers generally, banks have had far fewer choices, and to industry veteran Gary Palmer, that spelled opportunity.

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Banking Fintech Compliance Innovation 229

TechCrunch

NOVEMBER 17, 2021

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. However , expensive value-added services like credit cards do not necessarily address the needs of underbanked people. Ozow is one such player.

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Banking Development Team Review Systems Review Fintech 269

TechCrunch

MARCH 18, 2021

Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. Kuda currently provides services for consumers to save and spend money, and it has recently introduced overdrafts (essentially revolving credit for individuals).

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Banking Mobile Fintech Marketing 317

TechCrunch

JULY 29, 2022

Incubated by Snoop Dogg’s ( yes, that Snoop Dogg ) Casa Verde Capital, a venture firm focused exclusively on the cannabis industry, Kompliant initially set out to tackle the pain points surrounding payments in the marijuana trade. But it slowly evolved into a solution for financial institutions more broadly, according to Katzin.

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Compliance Company Banking Retail 212

TechCrunch

SEPTEMBER 23, 2021

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks.

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Banking Authentication Fintech Systems Review 207

TechCrunch

OCTOBER 14, 2021

And it’s starting with financial services. The company’s technology lets merchants transform mobile devices into payment terminals. Or in other words, it gives merchants a way to accept card payments on any consumer device with no reader or extra hardware required. “We

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Hardware Mobile Banking IoT 240

TechCrunch

SEPTEMBER 18, 2022

Before we get into the various news items from the past week, let’s talk about bank charters. For the unacquainted, according to Investopedia : “A chartered bank is a financial institution (FI) whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, as well as to lend money out.

Banking 206

Banking Fintech Real Estate Report 206

CIO

OCTOBER 26, 2022

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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Authentication Banking Data Software Review 246

TechCrunch

MARCH 16, 2023

“We are excited about PhonePe’s future and have confidence in how it continues to expand its offerings and provide access to financial services for Indians at scale. PhonePe, to be sure, is the clear leader in the mobile payments market on UPI, a network built by a coalition of retail banks in India.

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Mobile Fintech Banking Metrics 284

CIO

FEBRUARY 23, 2024

This is very crucial for example in the payments industry where failure to comply with requirements such as PCI-DSS could force an organisation out of business. The year has been marked by a general increase in state-sponsored attacks due to geopolitical conflicts. The Internet of Things (IoT) vulnerabilities have also been increasing.

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Generative AI Technical Review Systems Review IoT 295

TechCrunch

MARCH 15, 2022

Buy now, pay later (BNPL) services offer customers accessibility and flexibility for payments, but unregulated services mean people can unintentionally put their financial health at risk. ended up with lower credit scores after using unregulated BNPL services. Yaacov Martin. Contributor. Share on Twitter.

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Technical Review Banking Fintech Study 232

TechCrunch

JUNE 23, 2022

A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. Fintechs typically partner with banks to issue cards and then tie up with non-banking financial institutions or use their own NBFC unit to offer credit lines to consumers.

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Fintech Banking Government Industry 243

TechCrunch

FEBRUARY 16, 2023

The rapid adoption of digital payments has become a great challenge for finance teams. He worked a Melio, a business-to-business (B2B) payments platform for small companies, where he saw finance teams become the victims of their own success. They also get AI-powered recommendations on how to optimize payments and spending.

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Tools Fintech B2B Banking 212

OTS Solutions

JULY 28, 2022

The financial services industry has changed a lot in the last few years due to innovations in mobile and digital apps and modern technology has made it easier for individuals to invest and borrow money. The technology also makes it easier for banks to process transactions and manage their operations.

Mobile 195

Mobile Industry Banking Fintech 195

CIO

AUGUST 8, 2022

The last thing consumers need when they’re hundreds or thousands of miles away from home is to be the victim of payment fraud. Fortunately, innovative and secure digital payment technologies embraced by the travel industry have made it easy for individuals to safely pay for goods and services — no matter where they are in the world.

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Travel Industry Authentication Banking 246

TechCrunch

AUGUST 7, 2022

Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. Welcome to The Interchange!

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Fintech B2B Technical Review Real Estate 266

TechCrunch

MARCH 29, 2023

Payday , a neobank issuing global (USD, EUR and GBP) accounts to Africans, has raised $3 million to fuel its “future of work” initiative through borderless payment alternatives in major currencies. entity that houses Moniepoint Microfinance Bank and TeamApt Nigeria.

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Fintech Technical Review B2C Banking 248

CIO

AUGUST 5, 2022

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

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Banking Systems Review System Guidelines 299

TechCrunch

MARCH 29, 2022

The account receivables automation startup is out to change how businesses manage the debt owed to them by their customers through its SaaS product, which automates the processes of reconciling incoming payments and invoices, a labor-intensive process that is still predominantly manual for most local companies.

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Enterprise Banking B2B Fintech 205

TechCrunch

SEPTEMBER 1, 2022

Laura Spiekerman is the co-founder and chief revenue officer of Alloy , an identity-decisioning platform for banks and fintech companies. Since last year, valuations are down 70%-80% , deal activity is down 67% and layoffs have plagued many former industry favorites. Share on Twitter. But fintech is resilient. International coverage.

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Infrastructure Fintech Banking Compliance 231