PYMNTS

MARCH 17, 2020

To stay competitive, especially with digital startups unencumbered by legacy systems, traditional financial institutions (FIs) need to deliver seamless customer services to individual consumers and enterprise customers alike. 1: Security. With global reach, Caldeira said, comes the need to scale globally, too.

Foreign Exchange 91

Foreign Exchange Compliance Securities Startups 91

PYMNTS

OCTOBER 21, 2020

Silicon Valley neobank startup Unifimoney is partnering with Singapore FinTech startup Nium for real-time money transfers across the globe, the companies said in a statement on Wednesday (Oct. Neobanks are increasing in number as FinTechs continue disrupting legacy banking. Gabriel Grisham , vice president, head of U.S.

Startups 57

Startups Education Compliance Banking 57

PYMNTS

MARCH 23, 2016

The R3 effort aims to explore how these financial institutions can work with the R3 startup group. Post-bitcoin phase has opened new opportunities; indeed, financial institutions have already started to study and experiment with blockchains, and a large number of related startups have been funded.”.

Startups 50

Startups Banking Compliance Leverage 50

PYMNTS

APRIL 4, 2019

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. And on Wednesday (April 3), Austin-based cookware startup Made In announced it had closed a seed funding round. million: Number of credit union members in the U.S. All this, Today In Data.

Technology 46

Technology Prioritization Compliance Startups 46

PYMNTS

JUNE 8, 2020

If they don’t report takeover attempts from abroad that could pose a risk to the country’s security, company directors in Britain could face the prospect of jail time. In December of 2019, the administration of Prime Minister Boris Johnson included a “national security and investment bill” in the Queen’s Speech.

Compliance 52

Compliance Investments Securities Startups 52

PYMNTS

SEPTEMBER 29, 2020

29) announced a deal for the AML platform of Beam Solutions , a San Francisco-based startup that focuses on transaction monitoring and helping financial companies comply with KYC regulations. The Palo Alto-based firm on Tuesday (Sept. The announcement comes on the heels of Jumio’s Sept.

Compliance 61

Compliance Leverage Startups Numbers 61

Nerd's Eye View

OCTOBER 19, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one or more state securities regulatory agencies.

Investments 52

Investments Startups Numbers Securities 52

PYMNTS

SEPTEMBER 15, 2016

But “second year” is also a great phrase, especially if you’re a blockchain startup. Although the proportion of blockchain startups remained the same as last year, most of them are still developing products or even have yet to see significant growth. Past second, let’s skip over three to the number four.

Problem Solving 76

Problem Solving Startups Compliance Finance 76

PYMNTS

JUNE 24, 2019

With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. Sberbank Croatia is among the financial institutions (FIs) partnering with other platforms for more flexible compliance solutions. For more GDPR and PSD2 news, visit the Tracker’s News & Trends section.

Banking 64

Banking Compliance Advertising Startups 64

PYMNTS

MARCH 29, 2019

To that end, Passbase , a digital identity (ID) startup based in London, has focused on serving as “the Stripe of user identification,” as noted in an analogy by Co-founder and COO Dave McGibbon during an interview with Karen Webster. However, the two sides of any given transaction may never see one another, so trust is crucial.

Compliance 68

Compliance Startups Risk Management Leverage 68

PYMNTS

AUGUST 21, 2017

With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. But Lending Club ran into trouble with compliance requirements, resulting in the resignation of CEO Renaud Laplanche.

Startups 40

Startups Compliance Investments Securities 40

PYMNTS

OCTOBER 27, 2016

Making instant and secure money transfers any time of day, shamelessly skipping out on the lines in front of brick-and-mortar agents. “We We want to be known as the WhatsApp of Money,” said Brion Nazzaro, group compliance director at WorldRemit. We’ve grown rapidly since then and now number 290 people worldwide,” said Nazzaro.

Compliance 74

Compliance Startups Banking Planning 74

PYMNTS

MARCH 31, 2017

Investors are fueling growth for B2B FinTechs across Asia, with startups in Indonesia, Singapore and India securing most of the more than $125 million raised in recent days. based company that secured $50 in Series A million for its cloud management solution. Newid Capital and angel investors also participated, reports said.

B2B 43

B2B B2C Startups Valuation 43

PYMNTS

AUGUST 14, 2018

No, not just in homeownership, but in business, too – and especially when it comes to upstart FinTech firms grappling with an ever-onerous compliance landscape. In the world of transaction monitoring for compliance, the spreadsheet becomes the all in all: a ledger, analytics, tracking, case management and auditing tool. Build vs. buy.

Compliance 40

Compliance Auditing Risk Analysis Prioritization 40

PYMNTS

APRIL 29, 2019

The same can be said for hostel booking sites, where increased security, compliance and verification requirements are instilling pain points. Airbnb has acquired booking site HotelTonight, for instance, and recently announced it will acquire the Indian hotel startup OYO. They’re different kinds of properties,” he noted. “I

Advertising 40

Advertising Compliance Currencies Securities 40

PYMNTS

NOVEMBER 21, 2018

Major changes are being proposed by current service providers, as well as startups that regulators need to research to better understand.”. It’s not surprising then that, despite regulatory efforts, the number of correspondent banking relationships continues to decline, threatening corporate cross-border payment capabilities.

Benchmarking 49

Benchmarking Banking Compliance Financial Systems 49

PYMNTS

FEBRUARY 10, 2017

The region is also home to an active and fast-growing startup scene. Brussels the third wealthiest region in terms of GDP per capita due to this number being twice as high as the European average. The plan also hopes to help the country see 1,000 new startups take root and 50,000 new jobs to be created in a variety of sectors.

Startups 40

Startups Compliance Planning Banking 40

PYMNTS

MARCH 8, 2017

In fact, when it comes to FinTech companies, thinking “small” by focusing and serving a relatively small number of huge markets may provide the best opportunity to drive more impactful revenue with sustainable and profitable growth. Payments are very complicated, whether you’re a large global company or a smaller startup company,” he stated.

Marketing 52

Marketing Risk Management Compliance Startups 52

PYMNTS

MARCH 7, 2018

In fact, new data from venture capital (VC) analysis firm CB Insights, analyzed by global management consulting and professional services firm Accenture Financial Services, suggests FinTech startups’ VC funding hit a new high last year, with major deals in the U.S., and India leading the charge. billion worth of investments.

B2B 52

B2B B2C Finance Management Consulting 52

PYMNTS

JULY 5, 2017

That’s why we are well-versed in a number of agile practices like Scrum, Kanban and XP, to name a few. We also work with many emerging growth startups and SMBs, which forces us to be agile, fast and responsive, while providing continuous momentum to the market and to customers.

Securities 48

Securities Compliance Startups Investments 48

PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. Investors are paying attention to that need, and are working to back the startups that develop solutions with these goals in mind. . “So many companies still rely on Excel spreadsheets to run their business.”

B2B 55

B2B B2C Startups Accounting 55

PYMNTS

DECEMBER 10, 2016

When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club. Furthermore, there were reports that the date on the loans were tampered with to ensure they were within compliance requirements.

GAAP 73

GAAP Compliance Valuation Auditing 73

CFO Talks

MARCH 14, 2024

No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. CFOs can seek strategic partnerships and collaborations with other companies, including fintech startups, to explore new technologies and business models.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

FEBRUARY 7, 2019

Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Retail Auditing Startups 65

PYMNTS

MARCH 6, 2018

Perhaps it’s not surprising, given the number of consumers who have invited Amazon’s virtual assistant Alexa into their homes, but more than half of Amazon users said they would consider using an Amazon-built cryptocurrency around the site – and Amazon Prime members were even more eager, with 58.27 percent in favor and only 21.9

Currencies 47

Currencies Leverage eCommerce Compliance 47

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept.

Valuation 54

Valuation Startups Banking CFO 54

PYMNTS

SEPTEMBER 9, 2016

When procurement software startup Vroozi announced last month that it secured $4 million in venture capital , the company said it would use that investment to strengthen technological capabilities in sophisticated areas, like analytics and artificial intelligence.

B2C 40

B2C Accounts Payable Invoicing Compliance 40

PYMNTS

JULY 10, 2020

In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 Our solution streamlines employee, client and third-party interactions and drives increased profitability, efficiency, transparency and regulatory compliance across a financial institution.”. million, $22.3

Profit and Loss 79

Profit and Loss Compliance Startups Securities 79

PYMNTS

JUNE 3, 2020

TrueLayer’s application programming interface (API) technology supports payment acceptance with a focus on speed and security of the transaction without requiring payers to provide credit or debit cards. “A significant number of individuals simply don’t have access to credit and debit cards,” he said.

Banking 68

Banking Auditing Finance Treasury 68

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Engineered to cater to small businesses and startups, Cube particularly enhances the financial agility of expanding firms and major enterprises. Streamline manual data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

PYMNTS

JANUARY 27, 2017

While it awaits consensus, elsewhere in the world a startup is gearing up to go hard with its blockchain-based venture funding platform. Neufund wants to build a blockchain-based and investor-directed platform to bridge the world of cryptocurrency and equity — and the Berlin-based startup recently got seed funding to back it up.

Startups 54

Startups Securities Compliance Currencies 54

PYMNTS

MAY 15, 2017

Headlines hyping its threat to existing financial systems abound, including one recently that somewhat distorts the threat that bankers feel about all FinTech startups that suggests that nearly 90 percent of bankers say they fear losing money to bitcoin startups. Experts believe that number could double again in 2017.

Math 62

Math Currencies Startups Concentration 62

PYMNTS

JANUARY 24, 2018

It can quickly turn into a deluge of data, unused solutions and wasted money on subscriptions, though, says Eric Christopher, CEO of startup Zylo. This week, Zylo announced it secured new venture capital to the tune of $9.3 However, this can also lead to SaaS chaos, creating potential security risks and financial waste.”.

Securities 44

Securities B2B Compliance Startups 44

PYMNTS

JUNE 23, 2016

When you think FinTech, many words come to mind — startups, disruption, innovation, consumer-centric — but there’s also regulation. On average, approximately 20 percent of a FinTech’s operational costs are dedicated to the governance and compliance area.

Foreign Exchange 50

Foreign Exchange Leverage Compliance Securities 50

PYMNTS

JULY 23, 2018

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. L ate last month, Santander U.K. Chasing Unicorns .

Banking 43

Banking B2B Startups Compliance 43

PYMNTS

MAY 16, 2018

Dubbed Project Jasper, the initiative is now in its third phase to focus on integrated payments and securities infrastructure. Along with MUFG Bank, Krungsri and Standard Chartered, Mitsubishi is exploring blockchain with a number of applications in corporate finance, including cash management and payments visibility. ” Deloitte.

Currencies 40

Currencies Corporate Finance Startups Finance 40

PYMNTS

JULY 3, 2017

Amazon has been up to a lot this summer — they bought Whole Foods, Alexa-powered the Dash wand, turned the apparel segment upside down with a partnership with Nike and the launch of its Stitch Fix-killer, Wardrobe, gave Echo a screen and transformed it into a home security center — and that’s just the short list.

CFO 40

CFO Invoicing Sales Banking 40