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Monday, January 30, 2023

All articles tagged Fintech (65)

NMI Says Banks Could Lose Ground to Fintechs by Not Investing in Innovative Payment Technologies

NMI Says Banks Could Lose Ground to Fintechs by Not Investing in Innovative Payment Technologies

In a Nutshell: Big banks have spent too much time convincing customers that rival fintechs do not have their best interests in mind. As fintechs grow in popularity with innovative features, banks either need to start incorporating new features or partner with fintechs to offer better service. NMI is helping banks and other eCommerce companies stay up to date with its plug-and-play payment system. NMI’s payment system provides banks, independent sales organizations (ISOs), and... read more »

LoanSnap Saves Borrowers Time and Money With Personalized Smart Loans 

LoanSnap Saves Borrowers Time and Money With Personalized Smart Loans 

In a Nutshell: LoanSnap saves borrowers time and money by using algorithms and artificial intelligence to make home loans smarter. The company’s technology analyzes a borrower’s financial situation and recommends changes to save money on interest rates before they sign a loan. LoanSnap makes and funds the loans it offers to borrowers. There are no upfront fees for using LoanSnap; the only fees borrowers need to pay are for services such as an appraisal. After signing a smart loan,... read more »

New Trends Advance Modern Payment Systems and Cryptocurrencies in the Digital World

New Trends Advance Modern Payment Systems and Cryptocurrencies in the Digital World

In a Nutshell: Payment processing continues to grow in the post-Covid pandemic world. Instead of relying on card-present transactions, merchants must now accept new methods of payment for their goods and services. Payment processing companies were prepared for the influx of digital payments when the pandemic struck, and now they are preparing for what’s next. The Electronic Transactions Association is pioneering the next generation of payment systems and cryptocurrencies to provide... read more »

DataDome Earns Recognition for Shielding Businesses Against Bot-Driven Card Fraud

DataDome Earns Recognition for Shielding Businesses Against Bot-Driven Card Fraud

In a Nutshell: Consumers may not realize that bots — software that automates online tasks — are responsible for up to two-thirds of all internet traffic. Malicious bots disrupt digital business operations and put human data security and the customer experience at risk. DataDome helps a global customer base protect mobile apps, websites, and platforms against card fraud and other bot-driven threats. By providing industry-leading tools to protect businesses against automated online... read more »

The Identity Theft Resource Center Works to Protect Consumers and SMBs From Online Financial Crimes

The Identity Theft Resource Center Works to Protect Consumers and SMBs From Online Financial Crimes

In a Nutshell: As identity fraudsters become more sophisticated in their approaches, people will need to improve preventative measures and be more aware of security risks. For over 20 years, The Identity Theft Resource Center (ITRC) has been a leading authority on what to watch out for and how consumers can better protect themselves from identity theft. The Center provides risk minimization assistance and Help Center resources to those in need, as well as community presentations. For... read more »

Bread Financial Offers Cards and Tools that Meet Consumers’ Unique Needs

Bread Financial Offers Cards and Tools that Meet Consumers’ Unique Needs

In a Nutshell: In 2022, Alliance Data rebranded as Bread Financial, positioning itself as a forward-thinking fintech with the know-how of a trusted financial institution. Today, Bread Financial offers a range of products from branded cards that drive customer loyalty to pay-over-time Bread Pay™ products that offer consumers options about when and how they pay. The Bread Cashback™ American Express Credit Card also gives consumers 2% cash back on everything they purchase. Thirty... read more »

Fee-Free Pomelo App and Card for Remittances Help Users Build Credit When They Send Money Back Home

Fee-Free Pomelo App and Card for Remittances Help Users Build Credit When They Send Money Back Home

In a Nutshell: The Philippines is a significant recipient of money transfers from the US, with only India, Mexico, and China receiving more US remittances. Traditional international money transfer companies depend on intermediaries and typically charge high transfer fees. Pomelo is a free app and credit card that eliminates those barriers by using international credit card networks. Instead of transferring cash, Pomelo's US users employ a charge card to instantly send funds to... read more »

Alkami Develops Digital Platforms to Help Credit Unions and Banks Level the Playing Field

Alkami Develops Digital Platforms to Help Credit Unions and Banks Level the Playing Field

In a Nutshell: Alkami creates customized digital platforms for credit unions and banks. The fintech company considers the priorities of financial institutions before developing white-glove solutions that address each client’s unique situation. Financial institutions have seen a significant increase in digital adoption during the COVID-19 pandemic. Since community and regional banks and credit unions have fewer resources than the four U.S. mega-banks, Alkami provides the tools they... read more »

Tipalti Automates Long and Strenuous Payment Processes So Companies Can Focus on Growth

Tipalti Automates Long and Strenuous Payment Processes So Companies Can Focus on Growth

In a Nutshell: Tipalti provides automated payment systems to up-and-coming businesses that spend several hours per week just on payments. Tipalti ensures that every payment is by the books and on record in spite of all the factors at play such as taxes, regulations, and currency conversions. Its fully automated processes allow business owners to focus on growing their business instead of toiling away at financial data week after week. One of the most painful parts of growing a... read more »

Parafin Provides Marketplace Platforms a Financing Solution to Offer Sellers Up to $10 Million in Capital

Parafin Provides Marketplace Platforms a Financing Solution to Offer Sellers Up to $10 Million in Capital

In a Nutshell: Parafin is a fintech company that allows marketplace platforms to install a financing solution for sellers who need capital. Parafin has partnered with DoorDash and Mindbody, among other companies, so sellers can access the financing application and grow their businesses. Parafin provides the cash advances and assumes all of the risks. Sellers can sign up for up to $10 million in capital. Marketplaces and sellers can grow with Parafin's financing application that is easy... read more »

LimeWire Allows Musicians to Connect With Fans in New Ways With its Simplified NFT Marketplace

LimeWire Allows Musicians to Connect With Fans in New Ways With its Simplified NFT Marketplace

In a Nutshell: LimeWire continues to find innovative ways to connect music artists with their fans through non-fungible tokens or NFTs. The former music platform relaunched as an NFT marketplace where music fans can purchase a piece of history. LimeWire eliminates the difficult and confusing purchasing processes found on other NFT marketplaces, and opts instead for a straightforward approach with payment methods that appeal to mainstream consumers. And new partnerships with music... read more »

Recognizing Paysafe for its Secure Payment Services Tailored to Every Small and Medium-Sized Business

Recognizing Paysafe for its Secure Payment Services Tailored to Every Small and Medium-Sized Business

In a Nutshell: Paysafe provides an accessible and secure payments platform for the small and medium-sized businesses it serves. Its focus is to create a system where business owners only have to worry about their business. Paysafe takes care of fraud detection and data analytics, and it expands as businesses scale. For its dedication to helping small and medium-sized businesses thrive in what can be a very complicated space, CardRates is recognizing Paysafe with our Editor’s... read more »

Creative Juice Provides Online Banking, Financing, and Business Tools for Content Creators

Creative Juice Provides Online Banking, Financing, and Business Tools for Content Creators

In a Nutshell: Most people who earn a living through content creation, such as on YouTube and other online platforms, often find it difficult to organize their non-traditional cash flow. Traditional banks usually lack the expertise to deal with such entrepreneurs. Creative Juice is a startup provider of banking and financial services specifically for content creators. It provides useful tools and insights to help creators keep track of their finances. The company also offers funding... read more »

RoundUp App Makes Donating With Your Credit Card Easy and Accessible

RoundUp App Makes Donating With Your Credit Card Easy and Accessible

In a Nutshell: For making online donations easier, RoundUp App has created a platform that enables donors, nonprofits and merchants to connect seamlessly. The app’s key features allow donors to round out purchases for causes of their choosing, nonprofits to reach a wider target market, and merchants to integrate donation options into the checkout lanes. It comes with various tools for users to budget how much to donate, keep track of donation history and collect receipts for tax... read more »

Extend Empowers Businesses to Control Spending Through Virtual Credit Cards Without Changing Banks

Extend Empowers Businesses to Control Spending Through Virtual Credit Cards Without Changing Banks

In a Nutshell: The Extend platform allows companies to issue virtual credit cards (VCCs) to their vendors and merchants. VCCs have typically been issued by big banks, but Extend enables financial institutions to add that functionality to client credit cards without adopting any new products. And companies and small businesses can quickly start issuing VCCs to their own vendors and merchants. Virtual credit cards are becoming more common in our ever-connected world. A virtual credit... read more »

Copper: A Fee-Free Debit Card and App Ecosystem That Works with Parents to Teach Responsible Card Use

Copper: A Fee-Free Debit Card and App Ecosystem That Works with Parents to Teach Responsible Card Use

In a Nutshell: Copper provides digital banking services and products, including a debit card attached to an app, to help teens take control of their financial futures. The app offers interactive tools and resources, and Copper partners with parents to help kids master the fundamentals of digital banking. Copper also allows teens to manage their spending and balance their financial tradeoffs to build skills to manage their money as adults. People of a certain age probably remember... read more »

The Temenos Infinity Platform Empowers Banks and Credit Unions with Cutting-Edge Fintech Solutions

The Temenos Infinity Platform Empowers Banks and Credit Unions with Cutting-Edge Fintech Solutions

In a Nutshell: The Temenos Infinity platform provides out-of-the-box digital banking solutions for financial institutions looking to innovate quickly. Infinity offers a wide range of features to meet common online banking needs, and it provides the flexibility to modify them to the needs of each institution. Its built-in Explainable AI (XAI) helps drive user engagement, helping institutions improve their market performance and provide even greater value to customers and members. The... read more »

Penfold Digital Pension App Helps Workers Maximize Retirement Savings and Plan for a Positive Credit Future

Penfold Digital Pension App Helps Workers Maximize Retirement Savings and Plan for a Positive Credit Future

In a Nutshell: Many workers in the UK aren’t on track to have enough money saved for retirement, with as many as 20% not having any pension savings at all. The Penfold pension app encourages UK workers to plan for a comfortable retirement by using digital automation and flexibility to manage their pension. That can mean a more positive credit future for UK retirees because workers short on funds when they retire may find themselves resorting to high-cost credit products. Shifting... read more »

How Consumers and Mobile Devices are Changing the Economics of Card Services

How Consumers and Mobile Devices are Changing the Economics of Card Services

In a Nutshell: As recently as a decade ago, routing data over the big payment networks was so expensive that smaller merchants had to consider whether accepting cards was worth it. That's certainly not the case today, as mobile devices have replaced the clunky processing hardware of yore. But the story of change won't end there, says Andrew Wu of the Michigan Ross FinTech Initiative. As issuers compete for business, money management services and tools are set to emerge as drivers of... read more »

Tribal Credit: Interest-Free Corporate Cards Help Digital Startups in Emerging Markets Grow and Scale

Tribal Credit: Interest-Free Corporate Cards Help Digital Startups in Emerging Markets Grow and Scale

In a Nutshell: Modern startups and SMEs in emerging markets often have the technology to reach customers and suppliers all over the world. However, many lack willing financial partners and access to sophisticated card and payments products because they have insufficient credit histories. Those SMEs can turn to Tribal Credit for physical and virtual cards and other payment products that enable global transactions with customers and suppliers and provide granular spend controls. With... read more »

Zafin: Enterprise-Level Solutions That Help Small Banks and Credit Unions Drive Innovation and Growth

Zafin: Enterprise-Level Solutions That Help Small Banks and Credit Unions Drive Innovation and Growth

In a Nutshell: Community banks and credit unions need top-tier solutions to compete, but often the resources aren’t there to support the necessary innovation. Fortunately they can now partner with Zafin to gain the upsides of a tier one bank without the complexity and overhead. On their platform, that also serves enterprise customers, Zafin Community Advantage enables community banks and credit unions to quickly integrate new products and gain insights to improve acquisition of new... read more »

TurboTenant: Convenient Management Software that Allows Independent Landlords to Accept Cards

TurboTenant: Convenient Management Software that Allows Independent Landlords to Accept Cards

In a Nutshell: Renting out properties as an independent landlord can be a challenging process, from advertising a property and screening potential tenants to collecting rent in a timely manner. TurboTenant is a software platform designed for landlords who own between one and four properties. The property management software delivers a new level of convenience for landlords and tenants by facilitating communication and maintenance requests and allowing easy online payments via ACH,... read more »

MOVO® Helps Move Money Fast with Its Innovative Technology and App-Based Debit Card

MOVO® Helps Move Money Fast with Its Innovative Technology and App-Based Debit Card

In a Nutshell: The finance sector continues to evolve thanks to rapid developments in new technologies. Innovative companies like MOVO® are leveraging these technologies to deliver a simple, fast, and efficient way to move money. The company’s all-in-one platform reenvisions the traditional debit card and allows users to create, load and preload digital CASH Cards to optimize security and ease of use. MOVO’s focus on digital cash is built for today’s fast-moving world of... read more »

Zelf Offers a Virtual Debit Card and Voice-Controlled Banking Services Through Familiar Messenger Apps

Zelf Offers a Virtual Debit Card and Voice-Controlled Banking Services Through Familiar Messenger Apps

In a Nutshell: Online banks typically stick to a model built around a dedicated app and a physical card. A new offering from Zelf allows financial consumers to use their favorite messenger apps to set up virtual card accounts to send and receive money and make purchases. Zelf appeals to a growing audience of younger consumers by dispensing with a dedicated banking app infrastructure. Its technology works through more familiar digital channels that consumers can navigate quickly, even... read more »

Brex: A Platform for Businesses to Consolidate Credit Cards, Cash Management, and Reporting

Brex: A Platform for Businesses to Consolidate Credit Cards, Cash Management, and Reporting

In a Nutshell: Companies today operate differently than companies of the past. Fast-paced startups are often dependent on modern technology that helps them grow rapidly and pivot at a moment’s notice. But traditional financial structures haven’t necessarily kept pace with these young businesses. Brex offers a fintech platform designed with modern startups in mind. The platform allows new companies to more easily secure a credit card to begin spending. And the Brex Cash product... read more »

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