Bank Innovation

APRIL 13, 2020

One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best practices to get funding into the hands of small business clients. As COVID-19 continues to rattle the economy, startups are launching new products and features to engage customers.

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Fintech Customer Experience Innovation Strategies Strategy 364

Bank Innovation

AUGUST 14, 2019

European fintech companies raised $3.3 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. Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

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Fintech Financial Technology Capital Online 170

Bank Innovation

APRIL 10, 2020

One week after the Small Business Administration launched its Paycheck Protection Program, banks and fintechs alike are still navigating best practices to get funding into the hands of small business clients. As COVID-19 continues to rattle the economy, startups are launching new products and features to engage customers.

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Fintech Customer Experience Innovation Strategies Video 369

Bank Innovation

FEBRUARY 21, 2020

Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.

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Fintech Digital Banking Customer Experience Innovation Strategies 243

Bank Innovation

MARCH 12, 2020

Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc., mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc.

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Digital Banking Payments Fintech Mobile 359

Bank Innovation

JANUARY 17, 2020

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

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Retail New York Video Conference 243

Bank Innovation

APRIL 20, 2020

The $349 billion Congress set aside for small businesses as part of the Coronavirus Aid, Relief and Economic Security Act ran out on Thursday, and digital lenders are anxiously awaiting the next round of funding to deliver what they say is a better customer experience. There are still millions of [small and medium sized businesses] […].

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Customer Experience Fintech Security Innovation Strategies 259

Bank Innovation

NOVEMBER 26, 2019

More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation.

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Big Data Data Fintech Innovation Strategies 259

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

PYMNTS

JULY 29, 2019

In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most. The new service, Flex Loan, is being offered by SkyPoint Federal Credit Union and was established through a partnership with cloud-based mobile lending platform QCash Financial. About the Tracker.

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Pennsylvania Analytics Maryland Innovation 173

Bank Innovation

APRIL 7, 2020

A handful of fintech providers are bringing SBA Paycheck Protection Program loan platforms to market, a move that could be the industry’s moment to shine. If the fintech players can prove that they’re better at […].

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Fintech Marketing Innovation Strategies Strategy 259

Bank Innovation

APRIL 16, 2020

EST, Bank Innovation will host a Zoom meeting for subscribers titled “Regulators’ and Financial Institutions’ Pandemic Responses: What Do We Know, What Can We Know, and When Can We Know It?”

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Meeting Regulation Innovation Fintech 273

Bank Innovation

OCTOBER 31, 2019

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Online lending will comprise about half that total for […].

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Study Lending Google Online 186

Bank Innovation

APRIL 7, 2020

In a year of major fintech acquisitions, SoFi today announced a $1.2 Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […].

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Financial Technology Innovation Fintech Technology 259

Bank Innovation

MARCH 4, 2020

Payitoff, a white-label platform that provides automated guidance on student loan repayment, won the 2020 Bank Innovation Ignite DEMOvation contest. With the win, Payitoff has been awarded an advertising package on Bank Innovation worth $10,000. Rodrigo Suarez, principal of INV Fintech, moderated the startup pitch competition. “We

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BankInovation

SEPTEMBER 8, 2020

There were a handful of prominent staffing shuffles in August within the banking and fintech space, as the fallout from the coronavirus pandemic begins to settle in the U.S. Payments companies Stripe and PayPal have tapped executives from incumbents while fintechs specializing in underwriting bolstered their executive teams.

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Fintech Payments Company Innovation Strategies 94

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 17, 2020

Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. Gary Herbert. “The The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development.

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Utah New York City Fintech California 83

PYMNTS

AUGUST 22, 2019

Warder recently spoke with PYMNTS about how legacy operations are approaching their innovation strategies amid the rise of challenger banks, and why the latter institutions represent a key progression for the digital banking world. Legacy Banks and the Innovation Game. What I think these FinTechs can do is focus on one area.

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Innovation Digital Banking Fintech US 109

The Financial Brand

SEPTEMBER 12, 2021

Increasing demand for digital loans and faster decisions is changing the face of consumer lending. The post Banks Are Arming to Win the Digital Lending War With Fintechs appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Lending Fintech Banking Trends Analysis 40

BankInovation

JULY 7, 2020

based Suncrest is partnering with a local fintech, which McMullan declined to name, to […]. Visalia, Calif.-based

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Sacramento Lending Fintech Marketing 69

Bank Innovation

DECEMBER 24, 2019

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

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Financial Technology Technology Innovation Strategies Apple 332

BankInovation

SEPTEMBER 25, 2020

September has proven to be a busy month in banking and fintech staffing shuffles. Meanwhile, fintechs Vise and GoCardless continue to draw top industry talent away from more established players. Here are […].

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Fintech Analytics Industry Data 59

BankInovation

JUNE 5, 2020

Many fintechs rallied for social justice on Twitter, but their offline actions were a mixed bag. Protests launched around the country this week in response to systemic racism and police brutality.

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Fintech System Customer Experience Innovation Strategies 64

The Financial Brand

OCTOBER 10, 2021

Leading traditional credit card issuer crosses the line into merchant-supported buy now, pay later lending. The post Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Cards Fintech Banking Trends Analysis 39

South State Correspondent

SEPTEMBER 20, 2022

It was agreed that too many lines of business, such as treasury management, commercial lending, and commercial deposits, are not utilizing their marketing departments enough, given the tremendous value of their products. Both ladies detailed the tremendous opportunity, potential fintech partners in this space, and the risks.

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The Financial Brand

OCTOBER 23, 2018

The bank's innovative digital lending solution increases pressure on both fintechs and traditional institutions in a key battleground market. Bank Jumping Into Digital Lending With New Platform appeared first on The Financial Brand. The post U.S.

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Lending Innovation Branding Fintech 31

BankInovation

SEPTEMBER 25, 2020

September has proven to be a busy month in banking and fintech staffing shuffles. Meanwhile, fintechs Vise and GoCardless continue to draw top industry talent away from more established players. Here are […].

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Fintech Analytics Industry Data 52

The Financial Brand

DECEMBER 10, 2020

Fintech payment giant's adoption of business banking-as-a-service could upend traditional players, but not all agree on that outcome. The post Is Stripe’s Lending and Payments Platform Move the Future of Banking? appeared first on The Financial Brand.

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Lending Payments Branding Fintech 33

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

Bank Innovation

APRIL 20, 2020

Melissa Stevens, chief digital officer of the 160-year-old Fifth Third Bank, is using data to advance the bank’s innovation and customer service strategy, one that hinges on being a relationship-based bank.

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Data Strategy Innovation Customer Experience 259

The Financial Brand

APRIL 1, 2021

The post Fintech Lenders Will Come Roaring Back As Economy Re-Opens appeared first on The Financial Brand. While Kabbage and On Deck were bought, other players have been overcoming the COVID slump to haunt traditional financial institutions again.

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Fintech Branding Innovation Strategies Strategy 43

Bank Innovation

DECEMBER 29, 2019

The past year saw digital lenders enhance their product suites beyond credit, as big banks focused on adding features to their digital platforms to keep customers in their ecosystems, S&P Market Intelligence reported in a December research note. “Such expansion […].

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Study Marketing Report Innovation Strategies 221

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 23, 2020

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities.

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Innovation Seattle Fraud Technology 221

Bank Innovation

DECEMBER 6, 2019

The Clearing House (TCH) showed encouraging progress for the digital financial ecosystem last month when they proposed their model financial data sharing agreement. Kabbage and Plaid support simple and uniform rules for data sharing.

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Data Innovation Strategies Strategy Management 221

BankInovation

JULY 15, 2020

Visa and point-of-sale lending technology startup ChargeAfter announced yesterday a pilot of their installment loan solution for select merchants in the United States.

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United States Lending Online Technology 64