Inherently High-Risk, Banks Seek To Tackle Cybersecurity Risks and Costs at Once
Increasing digitization and interconnectivity is driving a rising tide of inherent cyber risk that is particularly high for banks, with...
Banking
ACI Worldwide Acquires Speedpay to Better Its Subscription-Based Payments Service
Mobile bill presentment is at the heart of ACI Worldwide's $750 million all-cash acquisition of bill pay service Speedpay from...
Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’
Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic...
Rob Guilfoyle, CEO of Abe AI, Joins Speaker Faculty of Bank Innovation Ignite
Rob Guilfoyle, CEO of Abe AI, will be speaking at Bank Innovation Ignite 2019 on March 11-12 in Seattle. Guilfoyle...
Larger Sellers Account for 51% of Square’s Gross Payment Volume as ‘Ecosystem’ Takes Root
Square Inc. saw gross payment volume increase 28% year-over-year to $23 billion in the fourth quarter of 2018. The payments processing...
Plaid Team Multiplies as Sales Model Comes into Focus
Fintech Plaid is in massive-growth mode. By yearend, the company has plans to get to 600 employees from 300, Charley...
Klarna Ups Revenue But Growth in Merchants Joining Startup Slows
Payments company Klarna Bank AB grew revenue by about a third in 2018, but operating income fell and the speed...
Worldpay’s Tech Solutions Revenue Up 21%, Fueling Growth
Beating expectations, Worldpay reported total organic net revenue growth of 10% in the fourth quarter of 2018, aided largely by...
Fundamentals of Changing a Bank’s Core System
The announcement that BB&T will make a $28.2 billion all-stock acquisition of SunTrust Bank -- which, when it closes, will be the largest...
Fintechs Cater to E-Commerce Businesses with New Products, Services
Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and...
