banks

Jan
31

Indonesia’s fintech lending boom exploits shortfall in bank loans

Fintech firms, offering loans of as little as a few hundred dollars, are seeing a spike in lending in Indonesia where tens of millions of people have little or no access to bank credit – helping alleviate a financing shortfall estimated at more than $73 billion. The emergence of these peer-to-peer (P2P) lending platforms has […]

By Reposted by International FinTech | Banking . Borrowing . FinTech . Lending
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Jan
25

Fintech start-ups continue to disrupt the established order

Fintech start-ups are developing innovative new solutions to shake-up the financial services sector; established banks are having to decide whether to collaborate or compete. Banks have been the dominant force in the financial sector for decades, but it is very possible that this is about to change. Emerging financial technology start-ups are challenging this authority, […]

By Reposted by International FinTech | Banking . FinTech
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Jan
24

Banks and Fintechs are duelling in a ‘War For Talent’

Banks may be losing the talent battle to London’s financial-technology industry, but the war for the customer is still to come. Europe’s financial technology startups are on hiring mode, fighting each other – and the incumbents — in what one executive described as a “war for talent.” Payments company GoCardless Ltd., which employs 170 people […]

By Reposted by International FinTech | Banking . FinTech
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Jan
18

UnionPay International signs long-term partner agreement with global payment innovator Verrency

Verrency today signed a long-term agreement with UnionPay International (UPI), a wholly owned subsidiary of China UnionPay (CUP), to offer Verrency’s innovative value-added services to Union Pay’s issuing banks across Asia. Verrency’s services will be delivered via the UPI Wallet, Union Pay’s innovative API service. Signing the formal agreement were David C. Link, Chief Executive Officer/ […]

By International FinTech | Banking . FinTech . Payments
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Jan
18

Standard Chartered creates fintech investment unit

Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee new disruptive technology ventures owned by StanChart. Another part of […]

By Reposted by International FinTech | Banking . FinTech
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Aug
07

PCF Bank partners with Sandstone Technology to launch a digital origination and servicing platform

PCF Bank has launched a new digital platform to facilitate the origination and servicing of savings deposit products online. The service uses the latest responsive device platform from Sandstone Technology supporting mobile, tablet and traditional PC channels. The launch of deposit products by the bank complements its established consumer motor finance and SME asset finance […]

By International FinTech | Banking . FinTech
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Aug
03

Bank of America files for 3 new Blockchain patents

Three new patent applications reveal that the Bank of America has been working on using distributed ledger technology (DLT) to validate the veracity of information – and those who handle it. First filed in February 2016, the details of the three applications were made available to the public last week by the U.S. Patent and Trademark Office. One […]

By Reposted by International FinTech | Banking . Blockchain . FinTech
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Jul
24

Temenos a leader in Gartner’s Magic Quadrant

For the 8th consecutive time Temenos recognized as a Leader in the Gartner Magic Quadrant for Global Retail Core Banking 2017. Temenos, the software specialist for banking and finance, announced that industry analyst firm Gartner, Inc., has positioned Temenos as a Leader for the eighth consecutive time in the 2017 report ‘Magic Quadrant for Global […]

By International FinTech | Banking . FinTech
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