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12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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Wells Fargo Discloses It Will Add ‘Open Fintech’ Features to Home Loan Platform

Bank Innovation

will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The San Francisco-based bank disclosed the plan in a job posting today. Among the services that will be included in these open-fintech offerings are […]. Wells Fargo & Co.

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Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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SME App Seed Gets Rid of Monthly Fee

Bank Innovation

The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free. EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers.

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The eBank joins smaller rival Starling Bank on the lending front, becoming the second online bank in the U.K. The company is hopeful that its consumer lending division will lead to profits, according to the report.

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RegTech, AI Fuel Strong B2B FinTech Numbers

PYMNTS

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 leads the rest of the world in the total value of FinTech investment due to the large amount of funds available to invest in the market, with investors focusing on late-stage, clear front-runner FinTech companies,” said KMPG U.S. “The

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