Bank Innovation

NOVEMBER 22, 2019

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending. The nation’s third-biggest lender by assets expects one of the fintech units has the potential to become a ‘unicorn,’ or a private company […].

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Fintech Lending Technology Company 221

Bank Innovation

AUGUST 14, 2019

European fintech companies raised $3.3 billion in venture capital in the first […]. When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. billion valuation.

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Fintech Financial Technology Capital Online 170

Bank Innovation

APRIL 8, 2020

Fintechs will likely have a tough time securing funding as the coronavirus pandemic continues to shake up the U.S. economy, prompting investors to tighten purse strings.

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Fintech Security Industry Innovation Strategies 359

Bank Innovation

NOVEMBER 25, 2019

The startup and venture capital ecosystem may profess to be colorblind, but a look at where funding dollars are going presents a different picture. According to recent research, there have been two quarters since 2009 where the proportion of venture dollars going to female founders exceeded 17%.

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Fintech Capital Innovation Strategies Strategy 210

Bank Innovation

DECEMBER 5, 2019

Canadian venture capital firm Portag3 is continuing its global push with the close of a C$427 million ($320 million) fintech fund this week. The firm’s second fund will focus on early-stage startups that cover wealth management, banking and insurance, including direct-to-consumer and business-to-business models.

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Capital Fintech Management Innovation Strategies 221

Bank Innovation

APRIL 14, 2020

Last week saw banks and fintechs scrambling to stand up platforms to process Paycheck Protection Program loans, and now the struggle is to keep the platforms running while weeding out potentially fraudulent applications. Fraud is a common trend with government relief programs.

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Fraud Trends Fintech Innovation Strategies 335

BankInovation

MAY 12, 2020

The very pandemic that has prompted venture capital firms to pull back from fintech funding may be the ultimate proving ground for fintechs. As venture capital firms around the world pull back from the fintech space, funding is on pace to notch another year-over-year decline, according to fresh data from CB Insights today. “As

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Fintech Capital Data Innovation Strategies 75

Bank Innovation

SEPTEMBER 27, 2019

The contribution will go towards the nonprofit Financial Health Network’s Financial Solutions Lab, a development program that supports fintech startups that help consumers save money, reduce debt and meet long-term financial goals. JPMorgan Chase this week announced a $25 million commitment to tech tools that help underserved consumers.

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Meeting Tools Fintech Customer Experience 231

Bank Innovation

DECEMBER 17, 2019

Core banking providers FIS and Fiserv face pressure from banks’ growing in-house tech investments as well as fintech competition, Morgan Stanley reported in a research note this week.

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Study Fintech Report Innovation Strategies 221

Bank Innovation

OCTOBER 14, 2019

Indian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial and Japan’s SoftBank Group Corp. to fend off an influx of new rivals, a person familiar with the matter said. The funding will be split evenly between equity and debt and values the country’s top […].

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Groups Fintech Innovation Strategies Capital 218

Bank Innovation

OCTOBER 18, 2019

Santander InnoVentures, Santander Group’s fintech venture fund, is leading a Series B investment of 35 million euros ($39 million) in CrossLend, a pan-European digital debt marketplace.

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Innovation Groups Fintech Operations 218

Bank Innovation

JULY 25, 2019

Card issuing and processing startup Marqeta may not have picked the sexiest part of the payments ecosystem to disrupt, but it’s looking to catch the same wave as challenger banks and fintech lenders that are raking in funds by the hundreds of millions as they expand into new geographies. Marqeta uses open APIs to allow […].

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Payments Cards Fintech Innovation Strategies 186

PYMNTS

AUGUST 22, 2019

Such institutions are working to raise the necessary capital to expand their products and customer bases as they enter new markets. Legacy Banks and the Innovation Game. Warder believes that both legacy and challenger banks have the same impetus for innovation and technological experimentation: customer engagement and satisfaction. .”

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Innovation Digital Banking Fintech US 109

BankInovation

JUNE 1, 2020

Santander Group’s venture capital fund, Santander InnoVentures, has deepened its presence in Latin America with its fourth investment in the region, this time funneling $5 million in a Series A funding round into a55, a niche alternative SME lender, the VC firm announced in a release last week.

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Fintech America Regional Capital 69

PYMNTS

AUGUST 17, 2017

For American regional financial services company Bank of the West, a division of international bank BNP Paribas, striking the right balance has meant seeking collaborations with competitors in the FinTech space instead of focusing on a digital-only approach. Among the participating FinTechs are Payso, SnapCheck and Token.

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Millennials Digital Banking San Francisco Fintech 132

BankInovation

JULY 29, 2020

This year continues to see major fintech acquisitions. Enova International announced yesterday it will acquire the small business lending fintech OnDeck for “approximately $90 million” in a deal the companies expect to close this year. In a year that has seen major deals like Visa acquiring Plaid for $5.3

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Fintech Lending Company Innovation Strategies 64

BankInovation

JULY 31, 2020

Whether more fintechs will follow suit remains to be seen. “A A banking charter comes with capital requirements and regulatory oversight that will not be appealing to all fintechs,” said Julie […].

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Capital Fintech Payments Company 64

PYMNTS

JULY 18, 2019

DeRosa also took note of a major impact shaping the user experience, a seemingly never-ending pool of capital — as much as $112 billion was invested last year by private equity and VC firms in FinTechs and challenger banks — where ostensibly anyone with a new idea is getting funded. and beyond. The Courage Factor.

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Innovation Study Technology Millennials 155

PYMNTS

NOVEMBER 20, 2019

Scotiabank’s Three-Pronged Innovation Strategy. It is really for any new innovations and trends out there, which would include fraud and cyber.”. The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

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Fraud Data Management Analytics 117

Bank Innovation

JANUARY 9, 2020

In a revealing Meetup fireside chat yesterday evening, Alex Sion and Rachel Moore shared details on the inner workings of Citi’s internal innovation operation, known as D10X. Look no further than Citigroup to catch a glimpse of the future of bank product development.

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Innovation Operations Innovation Strategies Capital 221

Bank Innovation

JANUARY 6, 2020

For Eric Byunn, partner at Centana Growth Partners, tech innovation that supports an intuitive and personalized banking experience of the future has room to grow. Byunn will speak at Bank Innovation Ignite in Seattle on March 2-3, on a panel entitled “Embedded Finance: The Automation of Everything Financial.”

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Seattle Innovation Innovation Strategies Capital 221

Bank Innovation

DECEMBER 19, 2019

Throughout 2019, banks continued to partner with startups in their efforts to build multi-service platform offerings. These relationships have been necessary to help institutions evolve their distribution models and enable startups to develop product offerings that meet customer expectations. digital partnerships team in Chicago, is […].

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Chicago Meeting Groups Innovation Strategies 221

South State Correspondent

SEPTEMBER 20, 2022

Casey Christopher, Chief Empowerment Officer at Quontic Bank (NY, $835mm), and Brooke Ybarra, VP of Innovation Strategy at the ABA, provided bankers with a working knowledge of the current regulatory environment and how each technology works. He made an interesting point – “boring companies pay a premium.”

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Fintech Labs Insights

AUGUST 9, 2016

A look at the companies demoing live to 1,500+ fintech professionals on September 8 & 9, 2016. His career has focused on venture capital, tech/strategy consulting and start-ups. Justin is the co-founder and COO of SaleMove, prior to which he was a strategy consultant for Accenture, working on growth and innovation strategy.

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Innovation Strategies Strategy Video Customer Experience 12

Fintech Labs Insights

JANUARY 26, 2016

“From incubating SAP’s supplier relationship management business to driving significant growth through innovation strategies, she has time and again proven her leadership and marketing savvy,” Bru said. Raised $46 million in funding bringing total capital to more than $130 million.

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San Francisco Leadership Michigan Georgia 12

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. Capital One — Capital One Labs. PWC — Center for Technology and Innovation (CTI). Founded: 2012.

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Innovation blockchain Technology Groups 78