PYMNTS

MARCH 6, 2019

Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a bank with a goal of bringing thousands of South Africans who lack bank accounts into the country’s financial system, according to reports.

Banking 49

Banking Financial Systems Startups Education 49

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. In addition, the bank also features software integration with accounting, expense and eCommerce tools. . The bank said it signed up 1 percent of all new small business accounts in the U.S. A new challenger bank in the U.S., are less prevalent.

Banking 54

Banking Financial Systems Startups eCommerce 54

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

JANUARY 23, 2020

Financial wellness technology startup Even is rolling out a new savings solution that gives users the ability to target three goals at the same time, the company announced on Thursday (Jan. So far, customers have deposited in excess of $21 million into their savings accounts.

Budgeting 52

Budgeting Financial Systems Startups Accounting 52

PYMNTS

MARCH 22, 2019

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Startups 69

Startups Banking Financial Systems Accounting 69

PYMNTS

DECEMBER 4, 2019

Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. We founded this company to break down barriers to our financial system,” the company said in a blog post. “As

Education 52

Education Currencies Financial Systems Startups 52

PYMNTS

MARCH 26, 2018

B2B payments startup Candex announced $3.5 Candex brings the speed and ease of consumer payment apps to large businesses, leveraging a private blockchain to ensure compliance and massively streamline financial system records.”. Paymerang provides accounts payable services with a focus on digitizing supplier payments.

Accounts Payable 43

Accounts Payable Vendor Management B2B Leadership 43

PYMNTS

OCTOBER 12, 2016

Blockchain startup contests. With €15,000 in prize money ready to be handed out, BlockchainHub Graz and industry partners have announced a Blockchain Startup Contest. That money will be awarded through two categories: software and hardware startups. The Blockchain Startup Contest is the very thing that the industry needs.

Startups 77

Startups Securities Financial Systems Technology 77

PYMNTS

DECEMBER 17, 2019

That’s one of the main messages of a new PYMNTS interview with Regio Martins, CEO and founder of nobli , which aims to enable businesses to offer more forms of collateral when seeking loans — the company’s personal loans are secured by financial collateral. In essence, nobli functions as a Credit-as-a-Service provider.

Financial Systems 54

Financial Systems Startups Treasury Banking 54

PYMNTS

APRIL 7, 2020

I have been a loyal customer for years with my business accounts.”. Despite being told that all an SMB needed to have to apply was a business bank account open since January of this year and tallies for their payrolls payouts (as the loans are set at 2.5 The United States of America is the greatest startup in the history of startups.

Startups 57

Startups Banking Healthcare Treasury 57

PYMNTS

DECEMBER 5, 2019

While much of the world is profoundly different at the end of this decade than at the beginning, there are few places on the planet where that difference is more pronounced than in India — particularly when it comes to financial services. At the start of the decade a little under a third of Indian adults (35 percent) had a bank account.

Banking 52

Banking Accounting Startups Education 52

PYMNTS

APRIL 30, 2018

First, authorities have brought more people into the formal financial system by lowering the bar on what it means to open a bank account. India has taken a few steps that have made this leapfrogging possible, said Cooke. A customer with limited credentials can still get banked, albeit with reduced functionality.

Startups 44

Startups Banking Financial Systems Technology 44

PYMNTS

JULY 15, 2019

Alain Meier, CEO of Cognito, told PYMNTS in an interview that many FIs focus on bad actors trying to game the financial system while not prioritizing letting the right customers through. Digital banking changed all that, and now consumers expect the onboarding process to be near-instant and with minimal friction.

Prioritization 51

Prioritization Compliance Financial Systems Startups 51

PYMNTS

SEPTEMBER 1, 2016

Of course, even the FinTechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits, but this may be changing. More products can also be offered to the end customer, such as overdraft protection and savings accounts.

Startups 40

Startups Compliance Financial Systems Banking 40

PYMNTS

APRIL 1, 2019

Some of that money — supplied by investors such as Andreessen Horowitz , Nyca Partners and Max Levchin, founder and CEO of alternative lending startup Affirm — will go toward building an identity bureau, which will help lenders and financial firms verify identities.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

SEPTEMBER 1, 2016

Of course, even the fintechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits — but this may be changing. More products can also be offered to the end customer, such as overdraft protection and savings accounts.

Compliance 40

Compliance Financial Systems Banking Startups 40

PYMNTS

MARCH 8, 2016

All lenders, from online startups to large banks, must follow consumer financial protection laws. The complaints it accepts are in the areas of mortgages, bank accounts and services, credit cards, student loans, auto and other consumer loans, credit reporting, debt collection and payday loans.

Credit Risk 40

Credit Risk Advertising Financial Systems Startups 40

PYMNTS

DECEMBER 28, 2018

This is where startups like HomeFundIt come into play, with a platform that allows homebuyers to crowdfund real estate down payments and other associated costs of home purchasing from friends and family members. On the whole, this group of consumers can fully participate in the financial system.

Finance 58

Finance Banking Startups Numbers 58

PYMNTS

JUNE 23, 2016

The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Investments 42

Investments Securities Compliance Financial Systems 42

PYMNTS

JUNE 20, 2016

San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms by providing easy infrastructure to connect FinTech innovators with their clients’ bank accounts.

Technology 40

Technology Investments Accounting Banking 40

PYMNTS

APRIL 30, 2018

According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. But that’s not enough to support and service these accounts. Consider the money being poured into it. Digital Banks.

Banking 73

Banking Investments Concentration Accounting 73

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. Buying bitcoin hasn’t always been the easiest — nor getting the funds instantly into an account.

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

MAY 1, 2018

Sometimes, being a startup is about fixing the problem no one else will fix. Here’s what’s been happening in the startup world this month. NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accounts payable (AP) workflow. AvidXchange.

Startups 50

Startups Accounts Payable Pharmaceutical B2B 50

Barry Ritholtz

JANUARY 9, 2024

And so the thing we were doing was sort of solving like often securities law or tax or accounting problems for people with like derivatives. Like, like the, you know, like the accounting standards. You know, it was all this like structuring and like tax and legal and accounting stuff. ’cause he made a firm offer.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Finance Math Banking 52

PYMNTS

JUNE 23, 2017

The financial sector in India has been largely dominated by government-backed banks – similar to the financial system status in China – with the leading money market fund as state-owned and run by private banks such as the State Bank of India and ICICI Bank. Paytm, which is owned by One97 Communications, received a $1.4

Marketing 46

Marketing Economics Communication Currencies 46

BlueLight

APRIL 16, 2020

More Important to Move Fast than Precisely Correct Yesterday, millions of Americans found government stimulus money deposited into their checking accounts. Yet millions of Americans above the income threshold found a check in their bank account from the IRS. To stabilize the market, money had to go directly to the financial system.

Management Consulting 52

Management Consulting Education Financial Systems Accounting 52

CFO News Room

DECEMBER 6, 2022

So just most technology has been a little bit more either the pipes and infrastructure of how the financial system runs or something that lets people buy the products that they want to buy because they can just go online and buy it. But there’s this new emergence of advice- and advisor-oriented technology firms.

Planning 130

Planning Budgeting Investments Communication 130

Barry Ritholtz

NOVEMBER 8, 2022

I then was doing journalism for Breakingviews, which was the sort of dot-com startup, FX FT people known by Reuters, and started doing some — and then I did some research for Crispin Odey, London hedge fund guy. But he said — he says that you need positive carry for the financial system to carry on making loans.

Valuation 57

Valuation Finance Investments Banking 57

PYMNTS

NOVEMBER 28, 2019

The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year. Robinhood will continue to focus on increasing participation in the financial system and challenging the industry to better serve everyone,” a spokesperson told CNBC.

Banking 75

Banking Valuation Cash Management Currencies 75

PYMNTS

OCTOBER 16, 2017

In those pieces, I acknowledged bitcoin was an interesting, even fascinating, innovation, but not the salvation of our global financial system — not even close. Bitcoin’s core principle of anonymity is anathema to operating a safe and secure global financial system. At least I hope so.

Currencies 71

Currencies Concentration Financial Systems Investments 71

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. financial system. “Ever notice your paycheck takes days to clear ?”

Banking 78

Banking Investments Accounting Leverage 78

Onplan

NOVEMBER 30, 2022

Because it’s from the same vendor, Adaptive works best with Workday Financial Management and Human Capital Management. While it’s an excellent modeling tool for users that already use Workday for all their financial systems, Adaptive can cause friction for those that don’t.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52