CSI targets $1B in annual revenue
Payments Dive
MAY 2, 2023
The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.
Capital Community Fintech 
Community Banks Debut FinTech Alliance
PYMNTS
NOVEMBER 13, 2018
Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Guidelines From The UK. and MarketInvoice.
Community Bank 
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How banks attract new deposits in a competitive landscape
Abrigo
FEBRUARY 26, 2025
Community banks have a unique opportunity to strengthen their deposit base by embracing digital transformation, optimizing customer engagement, and enhancing their product offerings. Investing in digital solutions not only improves the customer experience but also positions community banks as forward-thinking financial partners.
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INV Fintech Announces Sixth Class of Startups
Bank Innovation
NOVEMBER 12, 2018
INV Fintech, Bank Innovation’s sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to revolutionize financial services.
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The Benefits of Leveraging a CRM to Be More Community-Focused
Abrigo
FEBRUARY 13, 2020
Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. CFIs reinvest in their communities, supporting local businesses and helping community members make financial decisions.
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B2B FinTechs Get Creative With Open Banking Use Cases
PYMNTS
SEPTEMBER 22, 2020
This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data. Cape Wields Open Banking For Corporate Cards.
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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit
PYMNTS
JANUARY 26, 2020
AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks. Alcanza Capital and Bontu. In Mexico and Colombia, it has loaned more than $1 billion total to various clients.
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Finastra Gains Foothold Among Community Banks with Malauzai Acquisition
Bank Innovation
JUNE 19, 2018
Finastra, which was formed from the union of Misys and D+H, and calls itself the world’s third largest fintech company in the world, has acquired American software company Malauzai in an attempt to strengthen its foothold in the American banking market.
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Bank-FinTech Collaboration Tackles SMB Finance Friction
PYMNTS
NOVEMBER 17, 2020
Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. In a statement , HSBC Bank USA Head of Retail Business Banking Shaun McDougall said fueling the SMB community is important to support the broader U.S.
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Walmart Eyes FinTech Expansion With Ribbit Capital Partnership
PYMNTS
JANUARY 12, 2021
For Walmart, FinTechs are in sight — but where to from here? As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. Users can also buy and sell fractional investments in individual stocks or exchange-traded funds (ETFs).
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These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite
Bank Innovation
FEBRUARY 19, 2019
Community Capital Technologies, Denizen Financial, Diro Inc., Six of the startups come from INV Fintech, this website’s sister […]. The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp.,
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U.K. Investment Association to Launch Fintech Accelerator Program
Bank Innovation
FEBRUARY 19, 2018
The innovation of fintech is not limited to retail banking, according to the UK Investment Association, which today said it would launch an accelerator for fintech starts focused on AI, ML, DLT technologies in the asset management sector. Investment Association is a 240-member community.
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Community Banks Aim To Amplify Competitive Edge With FinTechs
PYMNTS
JANUARY 9, 2018
Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs.
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Small Business FinTech Takes Center Stage With VCs
PYMNTS
OCTOBER 26, 2018
This week, however, venture capital rounds were all about the small- and medium-sized business (SMBs), and how to address their biggest financial management pain points. raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Businesses across Asia, South Africa, the U.K. Nisa Finance.
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Managing interest rate risk in 2024: Strategies for community banks
Abrigo
JUNE 28, 2024
Rising-rate environment Planning ALM strategies In today's volatile economic landscape, managing interest rate risk has become a top priority for community banks. With competition from nontraditional fintech companies, there is some concern that banks and credit unions will not be able to drop funds as quickly as they have in the past.
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How to Establish Quality Fintech Partnerships
Abrigo
DECEMBER 17, 2021
Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success.
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With Lemonade Out of Stealth, the Fintech Genome Community Has a P2P Bellwether to Analyze
Bank Innovation
SEPTEMBER 30, 2016
Image source The Daily Fintech founders are at SIBOS in Geneva; reporting every day, snippets of insights on the Fintech Genome. We held our breath for nearly 9 months after the $13m Sequoia Capital Seed round for Lemonade was announced at the end of 2015. Stay tuned on all SIBOS Insights conversations. Release Read More.
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B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding
PYMNTS
JANUARY 24, 2020
While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.
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FDIC Approves Square For Banking License
PYMNTS
MARCH 19, 2020
The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. Square, Inc.
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Southeast Asia Tips The B2B FinTech Funding Scales
PYMNTS
FEBRUARY 28, 2020
With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. said the company saw BHL Holdings lead the second Series A funding round, while Nire Capital and existing backers Concentric, Seedcamp and Beazley also participated. Reports in Verdict.co.uk
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175 B2B FinTech Firms Brace For Growth With New VC
PYMNTS
FEBRUARY 8, 2019
Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year.
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The top-performing community banks of 2021
Independent Banker
APRIL 30, 2022
Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.
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Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy
PYMNTS
JUNE 15, 2020
That’s when we say they could try to ask their local business community. Or people push back ideologically, believing that financial education is a political position meant to indoctrinate capitalism into the young. FinTech Is A Tool, Not A Replacement For Knowledge. Money is also typically an issue.
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Banesco USA Favors Fintechs over In-house Teams to Implement New Tech
Bank Innovation
MARCH 25, 2019
million from its shareholders to continue growing and investing in technology this year, Banesco USA entered into an agreement recently with Silicon Valley-based accelerator Plug and Play Fintech. based bank may be a community bank, but it’s thinking big when it comes to digital transformation. Working with $11.9 The Coral Gables, Fla.-based
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SMB Financing Fuels Week Of B2B Venture Capital
PYMNTS
MAY 22, 2020
Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1
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Small Businesses In Focus For B2B FinTechs (And Their Investors)
PYMNTS
MARCH 13, 2020
million in new funding, B2B FinTechs this week are finding support from investors embracing startups’ focus on small- to medium-sized business (SMB) finances, from banking to payments. Below, PYMNTS rounds up the latest B2B FinTech venture capital funding rounds. With more than $93.7 Checkfront.
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Community Banks Embrace Faster Payments’ Competitive Edge
PYMNTS
JANUARY 6, 2020
Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.
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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?
PYMNTS
MAY 27, 2020
And, they said, traditional players can find competitive strength by linking up with firms that had previously been viewed as foes (that would be FinTechs). If you talk to a bank CEO, they will tell you that most of them want to grow deposits, unless you are big enough that you worry about allocating capital.
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236 Seed Capital Investors Focused on Fewer, Bigger Deals in 3Q
Bank Innovation
OCTOBER 10, 2016
Fintechs were hit particularly hard, but let’s set that aside a moment. The numbers raise an interesting question: Is the venture community trying to cure the indigestion it got by swallowing too many new companies like a Read More.
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150 Lighter Capital Broadens AltFin Products For Startups
PYMNTS
JUNE 6, 2019
Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. In a press release issued on Wednesday (June 5), Lighter Capital said it will add lines of credit and term loans to its current offering of revenue-based financing.
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Fintech Deals to Watch: Back to School
Gonzobanker
AUGUST 17, 2022
Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).
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192 First New Community Bank In Decades Headed To US Market
PYMNTS
JANUARY 31, 2019
is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.
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Banks Get Smart on Fintech
ABA Community Banking
DECEMBER 29, 2020
What venture capital sees when it surveys the bank tech landscape. The post Banks Get Smart on Fintech appeared first on ABA Banking Journal.
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140 INV Fintech Announces Sixth Class of Startups
Bank Innovation
NOVEMBER 12, 2018
INV Fintech, Bank Innovation’s sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to revolutionize financial services.
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FinTech Mobilizes To Repair Construction's Biggest B2B Payment Pains
PYMNTS
FEBRUARY 2, 2021
Letting go of a lump of capital on one date every month can also create cash flow pains. The construction space is no stranger to FinTech, with emerging solutions stepping in to tackle a variety of these cash flow and payment pain points. The Value Of The Mobile Device. That means there is very limited back office.
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Bank Innovation Launches BankBoost App to Answer Fintech Questions
Bank Innovation
JUNE 15, 2016
Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. BankBoost is an “answerbase,” which means it is an app for getting questions to your fintech questions. Users can post on any fintech topic and seek answers from the Bank Innovation community.
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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook
PYMNTS
SEPTEMBER 30, 2020
Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.
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So You Want to Be a Venture Capitalist: Best Practices for Community Banks Investing in Fintech Startups
Gonzobanker
FEBRUARY 8, 2023
Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. billion in capital into fintech startups in 2023.
PayPal Hits $10B SMB Lending Milestone
PYMNTS
MAY 29, 2019
Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. For loans made via the Working Capital operation, the new money tends to support inventory.
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What happened to the bitcoin bubble?
Chris Skinner
JULY 18, 2017
That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology. Chris Skinner spoke to Barry Corbett of the UBS Knowledge Network in London on 12 June.
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318 JPMorgan Commits $25M To Aid In Customer-Centric Fintech To Help With Savings, Debt
PYMNTS
SEPTEMBER 24, 2019
JPMorgan Chase is committing $25 million to its Financial Solutions Lab in an effort to help grow and develop FinTech solutions for people in underserved communities. The lab has been around for about five years, and it has given capital, mentorship and resources to about 40 FinTech companies from around 1,600 applicants.
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Canapi VC Firm Commits $545M To Boost FinTech Startups
PYMNTS
JANUARY 23, 2020
Venture capital firm Canapi Ventures announced $545 million in funding that will serve as its inaugural venture capital funds, gleaned from a sizable investor base. It also counts the American Bankers Association, the Independent Community Bankers Association and several state-banking associations among its financial sources.
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
PYMNTS
NOVEMBER 27, 2018
So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. “We all know banks are a key source of capital for small and medium businesses,” Phelan told PYMNTS in a recent interview. Yet, the small business lending gap remains.
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Community Bank CEO Outlook 2022: Your priorities for the new year
Independent Banker
DECEMBER 31, 2021
Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?
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