Posts filtered by tags: Financial-services[x]


To Replace Or Not To Replace Core Banking Systems Is Not The Question

Banks don't need new core banking systems, they need new paradigms to deliver core banking capabilities - and they need them today or tomorrow.
Tags: Marketing, Banking, Financial Services, Age Of The Customer, Application Development & Delivery, Architecture & Technology Strategy, APIs & API management, Core Tech Strategy

Checkout is the key to frictionless B2B e-commerce

Andrew Steele Contributor Share on Twitter Andrew Steele is an investor at Activant Capital. He focuses on fintech and e-commerce infrastructure and is based in New York. COVID-19 cemented e-commerce into everyone’s daily habits in 2020, and as we look ahead, B2B e-commerce is quickly becoming the next frontier for founders and investors. The pandemic pushed businesses online, and the emergence of B2B marketplaces and e-commer...
Tags: Ecommerce, Column, New York, Finance, Tech, E-commerce, Paypal, Payments, Online Payments, Api, Financial Services, Klarna, John Deere, Resolve, Rho, Andrew Steele

WhenThen’s no-code payments platform attracts $6M from European VCs Stride and Cavalry

The payments space – amazingly – remains up for grabs for startups. Yes dear reader, despite the success of Stripe, there seems to be a new payments startup virtually every other day. It’s a mess out there! The accelerated growth of e-commerce due to the pandemic means payments are now a booming space. And here comes another one, with a twist. WhenThen has built a no-code payment operations platform that, they claim, streamlines the payment processes “of merchants of any kind”.  It says its plat...
Tags: TC, Europe, Money, Finance, Entrepreneur, Tech, E-commerce, Ceo, Paypal, Mobile Payments, Online Payments, Dublin, Financial Services, Stripe, Adyen, Bitpay

United States: Financial Services & Products / Antitrust Advisory: Biden Competition Order May Influence Bank Merger Approvals - Alston & Bird

Our Financial Services & Products and Antitrust Groups examine the Biden Administration's call to revitalize oversight of bank consolidations and what it means for smaller banks
Tags: News, United States, Financial Services, Biden

With open banking on the horizon, the fintech-SME love story is just beginning

Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). The fintech sector has been hugely successful (and hugely profitable) for much of the last decade, and even more so during the pandemic. But it might come as a surprise to learn that many in the industry believe that the story i...
Tags: Startups, Column, Asia, Europe, Opinion, Finance, China, India, Tech, Banking, Barclays, Alipay, Payments, Financial Services, Fintech, Paytm

Singapore-based Tinvio raises $12M Series A to build financial services for supply chain merchants

First created to give supply chain merchants a streamlined way to communicate with buyers, Tinvio is now preparing to launch financial services, including financing and credit card issuing. The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform. The round was led by AppWorks Ventures, with participation from strategic investor MUFG Innovation Partners (MUIP), a venture capital firm for collaborations between startups and Mitsub...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Singapore, Supply Chain, Wholesalers, Tech, Credit Suisse, Financial Services, Partech Ventures, Gopal, Inventory Management, AppWorks Ventures

Where is suptech heading?

Marc Gilman Contributor Share on Twitter Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by this contributor AI as a blueprint for fintech startups Recommendations for fintech startups navigating the procurement process Technology plays a huge role in nearly every aspect of financial services today...
Tags: Startups, Column, Asia, Finance, Government, Africa, Tech, Bank Of England, Artificial Intelligence, Fca, Machine Learning, World Bank, Federal Reserve, Financial Services, Bis, Regulatory Compliance

Homebrew leads Z1’s effort to bring digital banking to Latin America’s teens

Z1 , a Sao Paulo-based digital bank aimed at Latin American GenZers, has raised $2.5 million in a round led by U.S.-based Homebrew. A number of other investors also participated in the financing including Clocktower Ventures, Mantis – the VC firm owned by The Chainsmokers, Goodwater, Gaingels, Soma Capital and Rebel Fund. Notably, Mantis has also backed Step , a teen-focused fintech based in the U.S., and Goodwater has also invested in Greenlight , which too has a similar offering as Z...
Tags: Iphone, Fundings & Exits, Startups, TC, Apps, Y Combinator, Finance, Funding, US, Tech, Software, United States, Computing, Venture Capital, Brazil, Bank

White label fintech platform Toqio secures $9.4M Seed led by Seaya and Speedinvest

The upside of the Open Banking regulations which have swept jurisdictions like the UK and the EU is that many more challenger banks have appeared. The headache for either incumbent banks or for upstart startups is the very proliferation of these new banks and financial tech products. But as we know, in gold rushes, the people selling the picks and shovels usually win. Thus, startups have turned their attention, not to launching full-stack banks, but to full-stack platforms that other people can ...
Tags: TC, Europe, UK, London, Money, Finance, Articles, Tech, Eu, European Union, Banking, United Kingdom, Bank, Financial Services, Madrid, Fintech

Tom Blomfield takes first board post at Generation Home, after leaving Monzo and Angel investing

Following on from mid-June when first-time buyer mortgage lending startup Generation Home raised a $30.4m Series A round and a £300m loan facility from NatWest, it’s now adding to its board. Although known for becoming an Angel investor since leaving Monzo, the challenger bank startup he co-founded, Tom Blomfield hasn’t joined any startup boards. That changes today with the news that he is joining Generation Home. The startup launched last year with radically a different model for home buying ...
Tags: TC, Europe, UK, Money, Finance, Tech, Ceo, United Kingdom, Bank, Mortgage, Loans, Natwest, Financial Services, Tom Blomfield, Monzo, Blomfield

How COVID-19 Forced Wealth Managers To Become More Hybrid

The Pandemic Signaled A Shift To Hybrid Sales And Service Models 2020 was a year of reckoning as face-to-face interactions disappeared and demand for digital engagement skyrocketed. This compelled wealth management firms to accelerate their digital transformations and upgrade their sales, service, and advisory capabilities. Over the past 12 months, the model approach has permanently […]
Tags: Marketing, Customer Engagement, Customer Experience, Financial Services, Age Of The Customer, Wealth Management

Consumers have more banking options than ever before, but few are owned by or designed for underrepresented communities

Skye Gould/Insider Of the nation's 5,000 FDIC-insured banks and credit unions, only 3% cater to or are owned by minorities. PeopleImages/Getty Images Of the nation's 5,000 FDIC-insured banks and credit unions, only 3% cater to or are owned by minorities. MDIs haven't kept pace with the broader industry, which has seen deposits boom at the nation's largest banks. Disparities in who has access to appropriate banking services extend from race and ethnicity to LGBT...
Tags: Usa, Finance, US, Trends, Banking, Credit, Federal Reserve, Financial Services, Black, Puerto Rico, Curtis, MDI, FDIC, OCC, WNYC, National Credit Union Administration

PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines

Voyager Innovations, the Manila-based owner of PayMaya, one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. The raise includes $121 million in new funding, and $46 million from previously committed funds. Voyager announced in April 2020 that it had secured up to $120 million in investment commitments from PLDT, KKR, Tencent, the International Finance Group ...
Tags: Fundings & Exits, Startups, TC, Asia, Southeast Asia, Tech, Philippines, Ifc, Tencent, Financial Services, World Bank Group, KKR, Manila, BSP, PLDT, Digital Bank

European Union: CLO Managers Embed New EU Sustainable Disclosure Language In Docs After Investor Push - Cadwalader, Wickersham & Taft LLP

Cadwalader Capital Markets partner David Quirolo and Financial Services partner Michael Sholem comment on various considerations for EU-based CLO investors ...
Tags: News, Eu, European Union, Financial Services, Cadwalader Wickersham, CLO, Taft LLP, Michael Sholem, Cadwalader Capital Markets, David Quirolo

AdTech startup Tomi raises Seed funding to make real estate ads perform as well as ecommerce

Industries like real estate, automotive, and financial services have long and offline sales cycles and digital advertising tends not to perform well in these areas. The conversion rates are low and because the real-world assets are offline the temptation of advertisers is to buy leads and clicks, which can inflate customer acquisition costs. People are browsing but they end up buying offline, basically. A new startup, Tomi plans to address this issue by processing a user’s behavior on a company’...
Tags: Apple, Google, Amazon, TC, Facebook, Ecommerce, Europe, Real Estate, Russia, Marketing, Tech, Web Analytics, Machine Learning, Financial Services, Digital Advertising, Adtech

Viva Republica, developer of Korean financial super app Toss, raises $410M at a $7.4B valuation

Viva Republica, the Seoul-based fintech company behind Toss, a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 billion. The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like Korea Development Bank, and returning backers Altos Ventures and Greyhound Capital. The company plans to launch Toss Bank, a neobank, in September 2021, which it describes as “the ...
Tags: Fundings & Exits, Startups, TC, Asia, South Korea, Southeast Asia, Tech, Malaysia, Korea, Vietnam, Financial Services, Seoul, Fintech, Toss, Challenger Bank, Lee

Vietnamese financial services app MFast gets $1.5M pre-Series A led by Do Ventures

MFast founders Phan Thanh Long and Phan Thanh Vinh MFast, a mobile app that lets Vietnamese users in remote areas access financial services, announced it has raised a $1.5 million pre-Series A today. The round was led by Do Ventures, with participation from JAFCO Asia.   Launched in 2019 by fintech company Digipay, MFast says it has been used by 600,000 people to date. It partners with financial institutions who provide services like loans and insurance, and says it has been used to distribu...
Tags: Fundings & Exits, Startups, TC, Apps, Tech, Vietnam, Financial Services, Fintech, Jeff, Jafco, Do Ventures, Naver Vertex, Digipay, JAFCO Asia, MFast, Phan Thanh Long

Insurtech AI startup Akur8 closes $30M Series B

Automating insurance claims is a big business, and the world of AI is coming at it ‘full pelt’. The latest is Akur8, an insurtech automating insurance platform whose ‘Transparent AI’ product is trying to eat into the incumbent large business of Willis Towers watson, among others. It’s now closed a Series B funding round of $30m led by an undisclosed investor. This brings its total funding to $42m. The round is to support international expansion. Akur8 is used by actuaries and pricing teams to ma...
Tags: TC, Europe, Finance, US, Insurance, Tech, Artificial Intelligence, United States, Financial Services, Axa, Partner, Munich Re, APAC, BlackFin Capital Partners, Willis Towers, Akur8

One in five Kiwis plans to or has invested in cryptocurrency

Investing in shares and cryptocurrency is rising in popularity and younger generations are taking it up at an even faster rate.Nearly 40 per cent of respondents in a survey of 2000 people undertaken on behalf of the Financial Services... [Author: [email protected]]
Tags: Business, Financial Services, Kiwis

The fintech endgame: New supercompanies combine the best of software and financials

Shiran Shalev Contributor Share on Twitter Shiran Shalev is a principal at Battery Ventures, where he focuses primarily on software and consumer investments, including fintech. More posts by this contributor Why Breach Detection Is Your New Must-Have, Cyber Security Tool Aaron Rinberg Contributor Aaron Rinberg is a vice president at Battery Ventures. ...
Tags: Amazon, TC, Column, Enterprise, Finance, Insurance, Tech, E-commerce, Venture Capital, Financial Services, Fintech, Shopify, Battery Ventures, Customer Service Software, Shiran Shalev, Aaron Rinberg Contributor Aaron Rinberg

Contentstack raises $57.5M for its headless content management system

Contentstack, a startup that offers a headless content management system (or a ‘content experience platform’ in marketing speak), today announced that it has raised a $57.5 million Series B round. The round, which the company says was oversubscribed, was led by Insight Partners, which also led its Series A round. New investor Georgian and existing investors Illuminate Ventures and GingerBread Capital also participated. With this, the company has now raised a total of $89 million. “In the last ye...
Tags: TC, Tech, Hp, Ceo, Cms, Artificial Intelligence, Machine Learning, Mcdonalds, Financial Services, Broadcom, Content Management System, Contentstack, Neha Sampat, Emily Walsh, Insight Partners, Illuminate Ventures

Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M

Wagely founders (from l to r): Tobias Fischer, Sasanadi Ruka and Kevin Hausburg Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead of waiting until payday are proliferating around the world. Today, Indonesian EWA startup wagely announced it has raised $5.6 million in strategic funding, led by Integra Partners (formerly known as Dymon Asia Ventures). Other investors included the Asian Development Bank (ADB) Ventures, PT Triputra Investindo Arya, ...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Tech, Mexico City, Financial inclusion, Financial Services, Fischer, Ewa, Ruka, Dymon Asia Ventures, Tobias Fischer, Wagestream

Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor

Jeeves, which is building an “all-in-one expense management platform” for global startups , is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing.  The $31 million in equity consists of a new $26 million Series A and a previously unannounced $5 million seed round. Andreessen Horowitz (a16z) led the Series A funding, which also included participation from YC Continuity Fund, Jaguar Ventures, Urban Innovati...
Tags: Fundings & Exits, Startups, TC, Apps, Money, Mexico, Finance, Funding, NFL, Startup, Tech, Banking, Colombia, Canada, United States, Chile

Synctera raises $33M Series A to pair fintechs with banks

Synctera , which aims to serve as a matchmaker for community banks and fintechs, has raised $33 million in a Series A round of funding led by Fin VC. The raise comes just under six months after the fintech raised $12.4 million in a seed round of funding. New investors Mastercard and Gaingels also participated in the latest round, which included follow-on investments from Lightspeed Venture Partners, Diagram Ventures, SciFi Ventures and Scribble Ventures. Several angel investors put money i...
Tags: Google, Fundings & Exits, Startups, Uber, Finance, Funding, Articles, San Francisco, Startup, Tech, Diversity, Economy, Canada, Venture Capital, Bank, Api

Financial Advisors Propel Morgan Stanley To The Top Of Investment Firms In The US CX Index 2021

Amid massive market volatility and uncertainty, two investment firms were able to vault up the rankings in the Forrester US CX Index 2021. Discover how, and why they'll have a competitive advantage going forward.
Tags: Marketing, US, Customer Experience, Financial Services, Age Of The Customer, Forrester US, customer experience index (CX Index

Is PayPay's 'Buy New Pay Later' Installment Plan Worth It?

With the boom of Buy Now Pay Later (BNPL) retail financing, the preference for no-interest installment plans has prompted popular payment apps like PayPal to launch their own versions. If you’re a regular user of PayPal who’s new to this form of payment, here’s a look at how it works and how to set it up.Read more...
Tags: Money, Paypal, Mobile Payments, Online Payments, Credit Card, Lifehacks, Financial Services, Cryptocurrencies, Layaway, Sephora, Debit Card, Urban Outfitters, Electronic Funds Transfer, Payment Systems, Draftbuy Now Pay Later

Best Marketing Strategies For Financial Services In 2021

This article looks at the best financial services marketing strategies to help your financial app get into the spotlight. The post Best Marketing Strategies For Financial Services In 2021 appeared first on Young Upstarts.
Tags: Startups, Financial Services, Others, Marketing Strategies, Best Marketing Strategies For Financial Services

Embedded finance will help fill the life insurance coverage gap

Melbourne O’Banion Contributor Share on Twitter Melbourne O’Banion is co-founder and CEO of digital life insurance company Bestow. An estimated 41 million Americans say they need life insurance but have yet to purchase coverage. Despite this awareness among consumers, the Life Insurance Marketing and Research Association estimates a $12 trillion coverage gap, with about 50% of millennials planning to purchase coverage within t...
Tags: Amazon, Startups, Column, Finance, Insurance, Tech, Life Insurance, Melbourne, Financial Services, Bestow, Embedded Finance, EC Column, EC Fintech, Twitter Melbourne O'Banion, Life Insurance Marketing and Research Association

Ex-Square execs launch Found to help the self-employed, raise $12.75M from Sequoia

If you’ve ever been self-employed you know what a pain it is to keep up with the hassles of running a business. From bookkeeping to invoicing to paying taxes — it’s one big headache. Freelancers and self-employed people often turn to a number of different solutions to try and address different aspects of running their business. It can be a lot to keep up with. Enter Found. Previously called Indie, the startup was founded by two former Square execs who got firsthand insight into how SMBs pai...
Tags: Startups, Business, Entrepreneurship, Finance, Funding, Employment, San Francisco, Tech, Tax, Economy, Gm, Square, Financial Services, Accounting, Fintech, Sequoia

Chile-based Kredito raises $4M to help businesses get loans

In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. However, the business banking space seems like it’s also undergoing some changes. Today, Chile-based Kredito announced a $4 million pre-seed round. The company focuses on generating loans for small to medium-sized businesses (SMBs).  “What we see is that in our sector people have a bank account but don’t have access to credit,” s...
Tags: Startups, TC, Finance, Tech, Banking, Economy, Artificial Intelligence, Chile, Bank, Financial Services, Fintech, Latin America, Debit Card, Robles, Patio Group, Recent Funding