Category Archives: Fintech AI/ML, Data-driven

Global Survey on Impact of Covid-19 and Recession Risk: Fintech and Financial Institutions

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Norton Rose Fulbright | July 2020

Norton Rose Fulbright Fintech and institutions covid lockdown recession Survey - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions

Financial institutions, including banks, asset/fund managers and insurers, as well as established FinTech businesses and start-ups, have been presented with major disruptive events with the advent of COVID-19 and national lockdowns, and with the impending risk of global or regional recessions.

How are financial institutions and FinTechs responding to such challenges? What role might new business models, strategic collaborations, investment and M&A, outsourcing, regulatory considerations, and the risk of litigation play in addressing such challenges?

See:  Fintech Reports and Research

 

To find out, in May and June we undertook a survey of a range of banks, asset/fund managers, insurers, established FinTech businesses, FinTech start-ups and venture capital and consulting firms across the globe.

We invite you to read the findings of the survey which cover the following subject areas:

  • FinTech as a strategic priority
  • New FinTech use cases
  • FinTech strategic collaborations
  • FinTech investment and M&A
  • Outsourcing and FinTech
  • Regulatory impact in relation to FinTech initiatives
  • FinTech areas of potential dispute

Download the 23page PDF Report --> Now

 


NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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FFCON20 Draft Shortlist ENGAIZ: Building relationships through AI based risk mitigation

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NCFA | Samuel He | July 22, 2020

FFCON20 Fintech Draft Engaiz - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions

Technology innovation and competition has led to increased dependence on third-party providers for essential services.

The result has been an increase in security risks, data privacy, business resiliency, and reputation. These risks cost organizations millions of dollars every year. And the problem is made worse by trying to manage these risks with disintegrated risk management processes and manual governance.

Founded by Jai Chinnakonda, ENGAIZ is an automated AI-driven platform aimed at tackling these problems.

ENGAIZ’s mission is two-fold. One goal is to help enterprise customers effectively engage and govern third-party vendors. This strengthens relationships, mitigates risks, controls cost, driving performance and innovation.

The second is geared towards helping third-party vendors move from being a mere vendor to a trusted partner. It is a win-win scenario.

ENGAIZ uses machine learning and analytics to provide Integrated Governance and Continuous Risk Monitoring. Their services center on Strategic Vendor Engagement and Strategic Customer Engagement.

Strategic Vendor Engagement provides several benefits to organizations. The platform allows for the ability to schedule, track monthly, quarterly and annual business review meetings with their vendor partners. It also emphasizes a move from a focus on ‘Cost Savings’ to ‘Risk Sharing’ partnerships that fosters a culture of Innovation.

Strategic Customer Engagement provides ample benefits to third party providers. The centralized document repository increases efficiency by allowing the ability to manage and track customer-related documents all in one place. The platform also ensures that providers are compliant with tough regulatory requirements.

Now, if you want to know more about ENGAIZ, see them at FFCON20 RISE Fintech Draft. 

If you like what you see, toss them some stars and give them your votes.

View Engaiz Profile and Vote --> here

Check out other shortlisted Draft Companies --> here

 


NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Open Banking – North American Style

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Fintech Talents | Lisa Moyle  | Jul 14, 2020

open banking north america style - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial InstitutionsOpen Banking is taking shape in different ways across North America. From driving the development of new providers to enabling existing institutions to keep pace with a fast changing industry, the impact on financial services is significant. As the current crisis demonstrates, the swift change in the economic outlook and the situation of consumers and business alike, not to mention a rapid move to digital channels, the ability to understand, pivot and serve customers is so crucial and can be supported by open access to vital market data.

Open Banking is coming to North America but is taking shape in different ways across the continent. From driving the development of new providers to enabling existing institutions to keep pace with a changing industry, the impact on financial services will continue to grow in significance. That impact and the innovations that open banking initiatives support and catalyse, no doubt, will vary depending on the structure and regulatory framework of the financial services sector and the needs of economies/communities. It both opens the gateway to opportunity and flags challenges and jobs to be done.

See:  Digital IDs Help Open Banking Reach Its Fullest Potential

Open Banking in the US differs greatly, for example, from the European approach which was propelled by technology trends and solidified through regulatory initiatives (PSD2, The Open Banking rules in the UK). There is no single regulatory framework in the US compelling existing institutions to share data through an open API standard and no broad-based accompanying rules protecting consumer data or mandating security standards. According to a 2018 report by the US Treasury, although there is a will to avoid fragmentation and remove regulatory/legal uncertainty, a mandated and coordinated approach is not supported or deemed feasible.

As the report notes, “There are significant differences between the United States and the United Kingdom with respect to the size, nature, and diversity of the financial services sector and regulatory mandates. Given those differences, an equivalent Open Banking regime for the U.S. market is not readily applicable.”

While open finance in North America will not look like it does in the UK or Australia, the need for it here is not unique,” said Steve Boms, executive director of FDATA North America. “And with millions of families and small businesses struggling to keep afloat, there is no time to waste. Consumers will have improved access to capital, financial tools, and sound retirement options once they gain full control of their own data. North American economies simply will not be able to build back until open finance is a reality.”

See:  3 examples of what open finance can do right now

Open banking is coming to America but it will be driven by the private sector and State and Federal regulators will get involved as required rather than being in the driving seat. That may well be the American-way but market forces will continue to drive the adoption of Open Banking.

The Financial Data Exchange (FDX) is a prime example of how the financial industry has come together rapidly around a common, interoperable and royalty-free API standard to make the open finance concept a reality regardless what type of regulatory framework may be in place,” said Don Cardinal, Managing Director of the Financial Data Exchange.

“FDX is a big tent with financial institutions, consumer groups, fintechs, financial data aggregators, payment networks, financial industry groups and other permissioned stakeholders of all sizes at the table and working to ensure that consumers have secure and reliable access to their own data,” added Cardinal.

New entrants will seek access to key troves of consumer data held by banks and other financial institutions and those very same institutions will need to keep pace with the rapidly evolving technological landscape and equally fast changing customer expectations and needs.

According to Alex Yang, Director, CashPro API and Global Open Banking Strategy Bank of America Merrill Lynch, “Absent the ‘letter’ of open banking, organizations like Afinis, SWIFT, and FDX have stepped in to help lead conversations on behalf of the North American corporations who seek access to commercial or retail data and services in the ‘spirit’ of collaboration and innovation. It is this spirit that will help improve the financial lives of businesses and consumers alike.”

See: 

Looking North and South from the large US market. Canada and Mexico are also seeking to create more competitive, responsive and inclusive financial services sectors through exploring/supporting government-led initiatives. The Department of Finance Canada established an Advisory Committee in 2018 and published an initial consultation into whether a UK Style approach should be adopted.

Further plans have been delayed due to the Covid-19 pandemic and progress has been stalled. Whilst the lack of a mandated open API may not block innovation, it may well make a concentrated banking sector slower to move and create barriers to faster innovation.

The current crisis is illustrative as the swift change in economic outlook and the situation of consumers and business alike, not to mention a rapid move to digital channels, further highlights the extent to which the ability to understand, pivot and serve customers is so crucial and can be supported by open access to vital market data.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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3 examples of what open finance can do right now

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Yapily | Joe Terry | Jun 19, 2020

Open Finance image - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial InstitutionsThe average Briton's relationship with their bank lasts longer than their marriage - and this inertia can be costly. Banks have always been the one-stop shops for all things finance, but thanks to open finance that has changed.

Digital offerings in the financial services sector have changed the way we expect to interact with our banks and manage our finances. Gone are the days where switching is difficult, opening a new account takes weeks or applying for a loan means printing out bank statements.

Open finance is enabling a new wave of innovative financial services. The access to data made available by open banking connections is more versatile than originally imagined. The majority of sectors can now benefit from access to the API links created during the open banking era, meaning that customers can easily share their financial data. From mortgages and pensions to payment solutions, open finance encapsulates the idea of accessibility and removes barriers for banks, firms and consumers to interact more efficiently.

See:  Open banking in Canada - Interview with Senator Deacon at FFCON20

How could open finance change the credit process?

Businesses could benefit from a new, more accessible way of accessing credit. Using open finance could increase efficiency as opposed to the traditional methods used when assessing a businesses loan or credit application. Choosing to use this option means businesses could share their financial data instantly, meaning the lender could:

  • Carry out faster eligibility checks.
  • Assess affordability and credit worthiness instantly.
  • Gain immediate access to historical transaction data.

Businesses would in turn benefit from access to faster funds without laborious checks and waiting times. Open finance would transform credit assessments and could be automated, ensuring less human error, ultimately improving overall lending efficiency.

Open finance can solve the inefficiencies in money management.

How many finance apps do you have on your phone?

The odds are, if you have a credit card, more than one bank or accounting software on your phone, then you have a few different apps. Usually, all of the platforms or apps have different login details (you’re lucky if you only ever use face ID). It can be a nightmare, checking balances, transferring funds and managing accounts.

Open banking provides a secure and scalable method, whereby innovative firms can create money management apps that could collate all of your data in one place. Given the consumers consent, financial data from different accounts and financial institutions can be pulled together and be managed within one platform or app.

See:  UK: Open Finance: The FCA Consults On How To Transform The Financial Services Market

Open finance enables the automation of financial management. Innovative firms could create platforms to enable applications to make financial decisions based on consumer information and preferences. A great example of this is moving money to the best interest rate available, maximising the return on savings and the opposite for debt, where moving debt to the lowest interest rate for overdrafts and credit cards could be automated.

Do you check and compare prices for utilities or insurance online?

Today's online comparison sites play a big role in what financial product customers end up purchasing. The quotes are usually generated by the user going through roughly 4 or 5 pages, typing in the relevant information to that product. Customers are then presented with many different quotes or estimates based on the information they have typed in.

Of course, typing in this information presents various challenges. Fraudulent entries being the most frequent. This may be in an attempt to reduce the cost of the product or service or it could be due to human error. However, comparison sites, pension providers, utility companies, insurers and more can utilise open banking data to see the real financial picture, automatically increasing effectiveness and reducing risk. The data made available through open banking could help simplify the process for firms and consumers.

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NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Digital IDs Help Open Banking Reach Its Fullest Potential

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PYMTS | July 10, 2020

Open bankingdigital ID aids access - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen, chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview.

As financial institutions (FIs) work with FinTechs, they need to know that these tech-nimble startups are not only enabling access to customers’ account data but also in a manner that embraces KYC and AML. The end goal: to speed innovation toward new products and services while keeping fraudsters out.

Regulation Vs. Market Forces

The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. It’s also growing across the pond in the European Union, albeit with some important distinctions.

“In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” Cohen said. “It’s been a coordinated effort — regulatory-driven, highly standardized and thrust upon the banking community. In the U.S., it’s been an organic-but-inevitable exercise, driven primarily by innovation and consumer demand.”

That’s due in part to the fact that America has a more fragmented banking and regulatory landscape, he said. But despite the differences, Cohen said he believes open banking is here to stay in the U.S.

Just consider all the recent acquisitions from major payments players. For instance, Mastercard last month bought Finicity, while Visa earlier this year acquired Plaid. Through those acquisitions, the networks have shown their interest in serving as intermediaries between banks, their customers and FinTechs that want access to important account-related data.

See:  Refusal to embrace open banking puts Canada behind yet another curve

After all, the financial services ecosystem is striving to give consumers access to their financial records and leverage tech-driven innovations to improve their lives.

Cohen said that if banks don’t jump on board with those goals, they risk losing significant numbers of customers. Consumers want to share and access data to make such things as applying for a mortgage or tracking spending across various accounts easier.

Protecting Consumer Data

But with an ever-greater exchange of data must come an increased FI focus on data privacy, data ownership and how information gets used, he said. At a high-level view, banks must have robust ID verification procedures in place, making sure that the right people are showing up at the right time to do the right thing.

Webster noted that KYC and AML procedures aren’t governed by global standards. However, Cohen said that in the U.S., various forms of privacy legislation have been making headway. For instance, he pointed to statewide initiatives in California and Illinois that have focused on biometrics.

“It’s a good move for organizations that are involved in open banking and driving that innovation to have similar high privacy standards in that regard,” said Cohen.

Checks And Balances

He recommended that organizations have checks and balances to make sure consumers are protected and data is secured via coordinated efforts between banks and FinTechs.

Along those lines, financial services players — banks and FinTechs among them — are entering into data exchange agreements that operationalize tenets around what can be done with data, what information is needed and how long it can be stored.

See:  FFCON20 DIGITAL Attendees to Receive Exclusive Digital Icon and Early Access to Liquid Avatar

“You’re confirming pieces of information on demand, but you’re not maintaining an open channel, nor are you retaining information nor sharing it or using it for any other purpose other than strictly what has been stated,” he said.

Generally speaking, firms shouldn’t retain data in searchable format, but should keep it in anonymized formats and quickly expunge it, Cohen said.

“When you feed that information back or you provide that connectivity and access, there’s no reason to retain it,” he said. “As long as you’re following strong data retention principles and as long as you’re securing those networks and channels, that’s the basic foundation that you want when operationalizing open banking.”

The Pandemic Is Speeding Innovation Up

Dialogue and close coordination between financial services players have spurred the equivalent of three years of innovation during the pandemic’s past three months, Cohen said.

“There’s been a huge amount of volume and demand for these types of digital journeys, as opposed to being able to walk into a branch and do things in person,” he said.

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NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Montreal’s Flinks raises $16 million

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Montreal in Technology | Steve La Barbera | Jul 6, 2020

Flinks celebration - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial InstitutionsPerhaps Montreal’s best known fintech, Flinks has today announced another $16 million flowing into its coffers. That includes just over $5 million in debt, and and $11 million series A round led by National Bank’s corporate venture capital arm, NAventures, which was also the source of the loan. The round also included participation from Intact Ventures, Luge Capital and Panache Ventures.

“The digitization of financial services is more than just a trend. It’s a profound reshaping of the industry, driven by rapidly changing consumer needs in a global context. Flinks is uniquely positioned to help businesses accelerate their digital transformation,” said Flinks co-founder and CEO, Yves-Gabriel Leboeuf.

“This investment from our strategic partners allows us to jumpstart the next phase of our mission: consolidating our position in our home market and building new innovative data products that will allow us to tackle global demand.”

The funding will be used to help Flinks bring its services to new verticals, such as wealth management, and continue its geographic expansion to establish itself as a market leader in those new geos. By developing and leveraging a powerful, secure data exchange network, Flinks plans to continue to improve the experience of all of its stakeholders.

See:  In the Future, Home Will be Wherever Consumers Choose to be

“NAventures firmly believes in democratizing innovation. That is why we are proud to support Flinks as they continue to establish their vital role in fintech ecosystems, both in Canada and abroad,” said Philippe Daoust, Managing Director of Venture Capital at NAventures.

“We see great alignment between Flinks’ mission and our own focus on helping our clients manage their finances by providing them with innovative and reliable digital solutions.”

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NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Mastercard to Acquire Finicity to Advance Open Banking Strategy

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Finicity | Release | Jun 23, 2020

Finicity - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions

Strengthens existing open banking capabilities with Finicity’s proven technology and talent

Enhances collaboration and co-creation efforts with fintechs and financial institutions

Furthers commitment to consumer-centric data protection and practices

PURCHASE, N.Y. – June 23, 2020 – Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.

The addition of Finicity’s complementary technology and teams strengthens the existing Mastercard open banking platform to enable and safeguard a greater choice of financial services, reinforcing the company’s long-standing partnerships with and commitment to financial institutions and fintechs across the globe.

See:  Rebank Podcast: How to Build a Profitable Digital Bank with Tinkoff

Open banking gives people and businesses more control over their financial data. This includes determining how and where third parties – such as fintechs or other banks – can access that information to provide new services like money management programs or initiate payments on their behalf.

Mastercard has increasingly invested in this space over several years, including the 2019 launch of a set of comprehensive open banking solutions in Europe. The combination of these efforts with the Finicity technology powering platforms such as Quicken Loans Rocket Mortgage and Experian Boost has the potential to shape the next generation of open banking services.

“Open banking is a growing global trend and a strategically important space for us. With the addition of Finicity, we expect to not only advance our open banking strategy, but enhance how we support and accelerate today’s digital economy across several markets,” said Michael Miebach, president of Mastercard.

“Finicity has a proven business, built on partnerships with thousands of banks and fintechs, similar to us. Finicity also shares our commitment to consumer-centric data practices, ensuring consumers have a say in how and where their information should be used. It’s through the use of next generation open banking APIs and clear consumer approvals that this financial information can deliver streamlined loan and mortgage processes, rapid account-based payment initiation and personal financial management solutions.”

“Since our founding, Nick Thomas and I have focused on developing industry-leading technology and building an organization that empowers consumers and organizations to better understand, manage and use their financial data to improve their financial lives,” said Steve Smith, chief executive officer and co-founder of Finicity. “Enabling people to access and control their data, while ensuring best practices to protect that data, will continue to drive tremendous innovation that increases financial literacy, inclusion and health.  This partnership with Mastercard helps us accelerate this mission globally.”

 

Strategic Rationale 

Advances Mastercard as a Strong Open Banking Partner for Fintechs, Financial Institutions. Finicity’s technology and dedicated employees will enhance Mastercard’s existing open banking solutions by enabling them to expand in North America and other key geographies. Today, Mastercard open banking services in Europe feature connections to more than 1,800 financial institutions. With a direct connection to the North American banking, lending and wealth management ecosystem, Mastercard will extend Finicity’s reach to be a one-stop partner for any consumer, bank, merchant, fintech or government’s data, payment and open banking needs.

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Strengthens Capabilities and Offerings to Consumers and Businesses. Following the completion of the transaction, Mastercard’s existing technology and expertise combined with Finicity’s new analytics platforms, will help streamline the credit decisioning process for consumers and small businesses. Additionally, the integration of Finicity’s account owner verification tools to Mastercard’s New Payment Platform capabilities will deliver an improved ACH and real-time payments experience to consumers, merchants and businesses.

Enhances Commitment to Responsible Data Practices. Finicity shares Mastercard’s commitment to safe and secure data practices centered around the individual. Finicity’s co-founders have played a critical role in the advancing the discussion of best practices across multiple industries. Finicity has a strong commitment to deliver best-in-class data management practices by partnering with banks and their customers to ensure secure connectivity is established.

“Bank of America is a strong believer in giving people control over their financial information and the ability to share it securely,” said Mark Monaco, head of Enterprise Payments at Bank of America.  “We’ve worked with both Finicity and Mastercard, as well as industry groups such as Financial Data Exchange, to accelerate the adoption of the highest standards of privacy and security for data sharing, and to eliminate the retention and storage of individuals’ financial details by third parties. We look forward to continuing our work with Finicity and Mastercard to further improve the customer experience.”

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NCFA Jan 2018 resize - Global Survey on Impact of Covid-19 and Recession Risk:  Fintech and Financial Institutions The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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