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MortgageTech Owns the Stage at Finovate Spring, Day 2

Bank Innovation

SAN JOSE, Calif. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today. — Getting a mortgage is a terrible experience. It is expensive and time-consuming, and a lot of work to gather documents and data.

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 Payments company, PayPal will sell its U.S. consumer loan portfolio to Synchrony Financial. billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking partner since 2004.

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Investing, Authentication, and a Few Bots Take the Stage at Finovate

Bank Innovation

SAN JOSE, Calif. Not all were startups (IBM) and not all were really fintech (Quid). All of them did their best to impress a passionate crowd of 1,500+ fintech fanatics. — Thirty-nine companies demoed their products to the crowd at Finovate Spring today. Here’s our take on the demos from Read More.

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Investments, Financial Management, and Even Some Virtual Reality: Finovate Day 2

Bank Innovation

SAN JOSE, Calif. – Day 2 of Finovate saw a seeming parade of wealth management and investment solutions, but the final one included a new twist — virtual reality. Was it a bit frivolous? Was the use case far-fetched, strained, even bizarre? Could be, but the audience appreciated it anyway simply Read More.

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Subscription Business Models Lead B2B VC Funding

PYMNTS

This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. Allica Bank, a FinTech in the process of building a small business challenger bank, raised more than $33.6

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Finovate Spring: A Focus on the Practical

Celent Banking

Finovate Spring 2017 has just finished up in San Jose; go to the Finovate blog at [link] for an official list of the best in show winners. The presenting roster was down to 59 companies from 72 last year in San Jose. Practicality. There were few gee-whiz, wildly futuristic presentations.

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FinovateSpring Sneak Peek: Tyro

Fintech Labs Insights

A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Tyro integrates payments, banking, and lending into one simple and transparent product as the only fintech in Australia with an unrestricted banking license. Only Australian fintech with an unrestricted banking license.