Remove Financial Technology Remove Information Remove Technology
article thumbnail

Small business loan processing: Automate back-office tasks

Abrigo

They often must consult paper files as well as information housed in separate digital systems. The speed advantage may be due to large banks greater use of automated lending technology, the FDIC said, although large banks increased reliance on hard credit-scoring information may also play a role.

Lending 195
article thumbnail

Fintech M&A: More Deals, Less Value

Bank Innovation

Over the past two years, the transaction volume in the financial technology and information technology sectors remained relatively flat. The value of those deals, however, has shrunk significantly.

Fintech 210
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

With Take-backs, Kasasa is Giving Borrowers More Control Over Their Money

Bank Innovation

EXCLUSIVE—Speedy, flashy financial service through mobile or a wearable is all well and good, but the product has to respond to changing customer needs as well. That’s why financial technologies provider Kasasa has come up with a loan product that will allow users to “take back” some of their funds.

article thumbnail

Mitek Upgrades Digital ID Verification With NFC Technology

PYMNTS

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

article thumbnail

Revolut Adds Amex To Open Banking Feature

PYMNTS

the British financial technology company headquartered in London, has added American Express to its open banking platform. As a result, customers had limited access to account information since the only way to view it was by accessing multiple websites or apps, the company said. Revolut Ltd.,

Fintech 309
article thumbnail

US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

Visa announced plans in January to purchase Plaid , which enables consumers to share their banking information with thousands of apps and services like Chime and Venmo. For instance, when a user sets up a Venmo account, Plaid lets the person link their bank account to their Venmo account.

US 343
article thumbnail

Hong Kong’s FinTech Strategy

Chris Skinner

Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes.

Strategy 271