Remove Concentration Remove Financial Systems Remove Numbers Remove Technology
article thumbnail

François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

However, these "big systems" certainly offer guarantees of solidity, but they also have handicaps linked to their aging and cumbersome technologies that prevent them from being sufficiently agile. Number of fintech’s, but for whom? We could not name the solutions given their huge number. But isn’t it the opposite?

Treasury 130
article thumbnail

Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

The startup was founded in May and will introduce a digital banking blueprint concentrated on serving millennials in India, Narayanan told TechCrunch. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments. billion citizens outside the financial system. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why Hello Kitty Has A Credit File

PYMNTS

The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. As Harris noted during the discussion, synthetic fraud essentially centers around creating a person (a fictitious one, in this case) — where bad actors can and do use fake names, Social Security numbers or birthdates, and build credit histories.

article thumbnail

OCC Defines Top Threats To Banks This Season

PYMNTS

As cyberattackers deploy more aggressive tactics, corporate banking firms have to respond with heightened cybersecurity measures to ensure confidence in the nation’s financial system, the OCC warned. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

Banking 46
article thumbnail

Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Bitcoin is a fascinating technology on the merits. That means bitcoin.

Math 62
article thumbnail

Can FinTech Walk The FinTalk?

PYMNTS

Most of that spend will be concentrated in the U.S., with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. In January, the International Data Corporation (IDC) reported worldwide spending on blockchain solutions would increase to $2.1 billion by 2021.

Banking 73
article thumbnail

Filtering Down To The Most Impact-Weighted Work To Add Value

CFO News Room

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