The world of digital transactions is in the middle of a meteoric rise, spurred by major lifestyle changes in the face of Covid-19. Ecommerce has developed more in the past three months than in the ten years prior, and that growth still hasn’t plateaued. How do FinTechs take advantage of that growth and adjust for the future? That was the theme of Plug and Play Ventures’ … [Read more...] about FinTech Reaches a Digital Tipping Point
FinTech Trends
FinTech Offers New Tools in Fighting Fraud
Cybercrime continues to become more sophisticated and more prevalent as ecommerce accelerates. Synthetic identities are being used to open accounts, and account takeovers can be automated by networks of bots. Fraud targeting businesses will likely only continue to expand as the post-Covid world turns increasingly to online business, and staying on top of those attacks will … [Read more...] about FinTech Offers New Tools in Fighting Fraud
A New Era For FinTech
As Covid-19 continues to impact almost every aspect of life and business, the question of how it has and will continue to reshape Fintech has been a major concern for industry members. Speakers at a recent Tech In Motion webinar took time to examine the issue, and while the answers are complex, the ultimate thesis is simple enough: this is a new era for the industry, and the … [Read more...] about A New Era For FinTech
Is Covid-19 Payments’ 9/11 Moment?
Like 9/11, the coronavirus can spur needed payment automation, I wrote in a recent Pay Think column published in PaymentsSource. You may remember that it took the 9/11 crisis to get U.S. federal legislation moving to put scanned check images on the same legal footing as the paper originals. 2020 should be that moment for the U.S. payments infrastructure. Not simply for the … [Read more...] about Is Covid-19 Payments’ 9/11 Moment?
FinTechs Could be a Vital Tool in Solving Coronavirus Problems
There’s no way to get around talk about the coronavirus. Now in over 80 countries, it’s touched on nearly every aspect of life for people around the world. Its impact on the FinTech landscape is no less profound, but its long-term effects are still an open question. A consumer slowdown and long-term recession could lower valuations for FinTech startups and lead to a pullback … [Read more...] about FinTechs Could be a Vital Tool in Solving Coronavirus Problems
FinTech Platforms Emerge in Wealth Management
Software companies are seeking to use the “platform” model to extend their reach and help segments of the wealth management industry use technology to retain clients and expand market share. “It is well established that when software platforms enter into any market, they virtually always win, and they win big,” said Lawrence Johnson, SVP and Head of Fintech Engagement for … [Read more...] about FinTech Platforms Emerge in Wealth Management