The 1871 FinTech Innovation Lab is Now Accepting Applications: Accelerate Your Startup’s Growth! Are you a post-revenue startup looking to scale in the financial services industry? The 1871 FinTech Innovation Lab is the perfect opportunity to propel your business forward. Applications are now open, and startups have until September 2, 2024, to apply for this unique … [Read more...] about The 1871 FinTech Innovation Lab is Accepting Applications
Fintech Rising Weekly: Focus on Payments Growth
This week, we dive into the Federal Reserve's 2023 Diary of Consumer Payment Choice, highlighting the continued dominance of credit cards and the stabilization of cash usage. Additionally, we cover Apple's concessions in the EU Tap-to-Pay dispute, growth in both U.S. realtime payments networks, and new guidelines from China on payment services for foreigners, and more insights … [Read more...] about Fintech Rising Weekly: Focus on Payments Growth
Fintech Rising Weekly: Focus on Faster Payments
As part of our commitment to providing relevant payments and FinTech news and analysis, we're excited to announce our new weekly report. Each week, we’ll highlight some of the most interesting and relevant articles in the industry. This week, we’re highlighting recent payments reports. From the transformative power of real-time payments to the potential of tokenized deposits … [Read more...] about Fintech Rising Weekly: Focus on Faster Payments
Five Things We Liked About Payments in 2023
Much of my knowledge of payments comes from my daily experience. Like many consumers, I want things that work without me thinking about them. This year, I'm very much down with the increasing prevalence of contactless cards and anything that integrates digital wallets (cards on my phone) with POS and web payments. My list includes payment systems that reduced friction in the … [Read more...] about Five Things We Liked About Payments in 2023
Toward Connected Finance
This post grew out of watching demos at Finovate Fall 2023, in New York. Given that 2023 is the year of AI, it was no surprise that AI played some role in most of the demos and many of the panels. The main essence I noticed in the demos was their focus on applications that connect to banks to supplement their clients' financial needs. Many of the FinTech firms seek to … [Read more...] about Toward Connected Finance
Cryptocurrency and Its Potential Impact on Cross-Border Payments
Last week at Finovate Fall 2023, MoneyGram CEO Alex Holmes was interviewed by a Forbes reporter, Leo Schwartz, about cryptocurrency and its potential impact on cross-border payments and remittances. The discussion shed light on the complexities and challenges surrounding the adoption of cryptocurrencies in the payments industry. Holmes began by acknowledging the allure of … [Read more...] about Cryptocurrency and Its Potential Impact on Cross-Border Payments