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.
Fintech News - Page 2
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.
January 27 – PCLender, a provider of internet-based mortgage solutions for community banks and credit unions, has announced an enhanced integration with Blend, a Silicon Valley technology company bringing mortgages into the modern age.
January 24 – FinXTech, powered by Bank Director, has announced its 2017 Advisory Group comprised of a select number of technology startup founders, established technology providers, innovation leaders in banking, investors and government and non-government policy leaders – all of which make up the FinXTech ecosystem.
January 25 – The Office of the Comptroller of the Currency’s proposed fintech charter has drawn expressions of concern from a state regulator as well as two key banking industry trade associations. (more…)
January 23 – -Basware, a leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, has been recognized for providing the best web-based supply chain financing solution by Global Finance magazine in its tenth annual ranking of the World’s Best Supply Chain Finance Providers. The company was selected for its working capital services portfolio, which delivers multiple payment and financing options, enabling companies to realize greater financial agility, flexibility and liquidity. Basware’s financial services operate over the Basware Network, the largest open business network in the world, providing easy collaboration between buyers and suppliers of all sizes.
January 16 – rateGenius, offering vehicle loan refinancing, has spun off its software subsidiary, FinanceGenius, as an independent company. The separation was effective December 1, 2016. FinanceGenius is a Financial Technology (FinTech) company that provides a cloud-based loan origination system and associated mobility software that is used by credit unions and community banks.