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In some markets, banks and fintechs are a long way from overcoming the dependence on cash. billion ($513 billion) in assets, and boasting a 50-person innovation lab, implementing fintech for a fiat-focused market has its challenges. This challenge is felt at Germany’s Commerzbank. What is striking […].
Last week, the American Banking Association (ABA) held its annual Bank Marketing Conference in Denver, receiving rave reviews. The theme was – developing your marketing superpowers. Amid the brewery networking, superhero costumes, and fun, some fantastic bank marketing lessons were had, and not just for bank marketers.
The business-to-business credit market just got a big boost from Softbank’s Vision Fund. C2FO, a nine-year old working capital digital marketplace, on Wednesday raised $200 million in a Series G funding round led by Softbank Vision Fund, with participation from Temasek and Union Square Ventures.
Luge Capital, a fintech venture capital firm based in Toronto and Montreal, serves a growing ecosystem of startups north of the border. This week, it closed a C$85 milion ($65 million) fund for fintech and AI solutions.
Consider women more mindfully in marketing efforts. Firms must more thoughtfully consider the different assets, behaviors, and financial needs of women when executing their marketing tactics. One-size-fits-all marketing is no longer sufficient to remain competitive.
European payments giant Wirecard, which has a marketcapitalization of more than $15 billion, is making a bet on freelance personal finance platform Xolo to increase uptake for its banking services. Xolo is a subscription-based freelance accounting and banking platform that allows freelancers to manage cash flow and legal needs.
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For this reason, the Tracker notes that “many CUs are focusing on entering the small business banking market and are looking to snag some of the $500 billion that small to mid-sized businesses (SMBs) are spending on bookkeeping, invoicing, payments and related services. They must confront one major obstacle in doing so, however: big banks.
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In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.” It might be the case that as institutions scale larger, caution increases too — at least when it comes to innovation.
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Business-to-business payments companies continue to score venture capital despite the market uncertainty caused by the COVID-19 pandemic. Checkout.com today announced a $150 million Series B that tripled the company’s value to $5.5 billion. “The
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.” Taulia also announced hiring Barbara Holzapfel as its new Chief Marketing Officer. Cedric Bru, Taulia CEO, called Holzapfel a “powerhouse” and praised her expertise in strategic marketing and operations. Before working with SAP, Holzapfel did strategic marketing at The Coca-Cola Company in Atlanta, Georgia.
We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong. Visa — One Market Center. Founded: 2013.
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