February 21 – P2P Cash, a Georgia-based digital financial services company, has opened a new money transfer service between Georgia and South Carolina in the USA and Mexico, enabling cross-border money transfers at competitive exchange rates without any transfer fees.
February 21 – Plug and Play is pleased to announce that premier consumer financial services company, Synchrony Financial, has joined Plug and Play FinTech’s innovation platform as it prepares to kick off its fifth cohort. Through the partnership, Synchrony Financial will engage with leading entrepreneurs in the FinTech and Retail sectors to further accelerate pioneering digitization efforts to enhance the customer experience.
February 13 – Some form of regulation is in the interest of the evolving fintech industry, Federal Reserve Bank of Philadelphia President Patrick T. Harker said recently in remarks at the Global Interdependence Center’s Payment Systems in the Internet Age conference in San Diego. “Regulation is not just a question of protecting consumers; it’s a question of protecting the innovators as well,” Harker said. “It’s in their best interest to have an established framework in which to operate.” (more…)
February 14 – Data Center Inc. (DCI), the privately-owned developer of iCore360® core banking software and related technologies, has announced a new partnership with Checksforless.com, one of the best-known online providers of high-quality banking-related products.
February 14 – Ensenta, a provider of enterprise-wide, real-time SaaS solutions for making mobile and online payments and deposits, announces they were recognized by TAG FinTech, Georgia’s foremost association devoted to the advancement of Georgia’s technology industry, as one of five recipients of a 2017 TAG FinTech ADVANCE Award, which honors leading technology companies in the financial technology sector.
February 14 – -Fiserv, Inc., a leading global provider of financial services technology solutions, has been named a winner of the first-ever Technology Association of Georgia (TAG) Fintech ADVANCE Awards. The award recognizes the company’s ability to bring measurable results to the financial industry through innovative solutions. It is the most recent in an impressive array of accolades received by Fiserv clients and solutions during the last year.
February 9 – Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, along with its partner Let’s Talk Payments (LTP), have released a global survey report – Blockchain Technology: From Hype to Reality. According to the report, over 80 percent of bankers surveyed expect to see commercial adoption of the technology by 2020, with nearly half (50 percent) of the financial institutions already investing or planning to invest during 2017. This announcement builds on the recent announcement by Emirates NBD and ICICI Bank on the deployment of blockchain technology in international remittances and trade finance.
February 9 – Professor Vijay Madisetti of Georgia Institute of Technology (Georgia Tech) and Arshdeep Bahga (former Research Scientist at Georgia Tech) has written a new textbook, Blockchain Applications: A Hands-On Approach, published by VP Technologies, Inc. Atlanta, Georgia, USA and available on Amazon.com.
Software AG has released its top five predictions for the banking industry in 2017. Laura Crozier, CFA, global industry director, Banking, of Software AG noted: “There will be some seismic shifts in the banking industry in 2017 as threats and opportunities from digital banks, fintechs and regulation continue to shake up the landscape.”
February 3 – Wells Fargo & Company has entered into an agreement with Intuit Inc., which allows Wells Fargo customers who use financial management tools such as QuickBooks Online, Mint, and TurboTax Online to use an innovative application-programming interface (API) when importing their bank account information.