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FIs and fintechs innovate with an eye on SMBs

BankInovation

At the start of the year, Bank Innovation predicted, “if 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.” But as 2020 would have it, not much is what it seemed at the beginning of the year, with the coronavirus pandemic disrupting the fintech […].

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Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

Fintechs can provide better design capabilities, improved customer experience, research states. Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. These numbers represent an increase from 49% and 60%, respectively, in 2019. Register here.

Strategy 102
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Should banks be worried about skyrocketing fintech valuations?

American Banker

But one venture capitalist says it's "a call to action" for traditional banks to match fintechs' all-digital, customer-friendly services. Speculation is part of the reason for the growing differential in market capitalization between legacy financial institutions and upstarts.

Fintech 101
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Why PPP fraud hit fintechs harder than banks

American Banker

Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity.

Fintech 81
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Which fintechs will survive the pandemic?

Payments Source

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

Fintech 106
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B2B FinTech On The Cusp Of Change

PYMNTS

Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players.

Fintech 108
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‘There will be hundreds of fintech failures’

American Banker

Jane Gladstone, new president of Promontory Interfinancial Network, says the recession will accelerate the shakeout among the nonbank disruptors and that small banks have an opportunity to forge new bonds with the survivors.

Fintech 100