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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Neobank Northmill Gets Swedish Banking License

PYMNTS

By being able to operate as a bank, we have the tools to take the next step and drive true positive change for the users.”. As part of the deal, Northmill must maintain a capital minimum of €5 million. There is a number of cloud-operated FinTechs offering the same services as Northmill. and Monzo in London.

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

capital appreciation and dividends. Texas Capital Bancshares, Inc. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Not so over the three years I have been keeping track.

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Wheels Up Takes Flight With $128M Co-led By Franklin Templeton

PYMNTS

New York aviation startup Wheels Up has notched a $128 million Class D equity capital raise co-led by new investor Franklin Templeton, the company said in a press release on Friday (Aug. TMC, the largest wholesale-focused light jet operator in the U.S., Wheels Up now has a valuation north of $1.1 billion. .

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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. 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.

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Bolt Closes $55M Deal To Compete With Uber

PYMNTS

Bolt is a good example of European excellence in tech and innovation … the bank is very happy to support the company in improving its services, as well as allowing it to branch out into new service fields. Founded in 2013, the company was formerly called Taxify and rebranded to include additional offerings, like food delivery and scooters.

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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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