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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

Radius is based in Boston and has in the neighborhood of $1.4 The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. However, the FinTech wants to reestablish itself in the market as a full-fledged bank. billion in assets.

Fintech 242
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. This demand is driving the global expense management software market to reach $6.6 billion in value by 2025.

Tools 141
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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

US 171
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. Now is the time to develop a more coherent digital strategy to decide where to play and how to invest.”.

Boston 109
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Model Bank 2017: Some First Impressions

Celent Banking

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.

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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Deutsche Bank told U.K. Amazon To Build $40M Robotics Innovation Hub Near Boston. percent of banking customers would be interested in switching their financial institutions if their branch experiences do not match their digital banking experiences. Recent PYMNTS research indicates that 34.8

Google 139
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Rethinking the Customer Experience: Themes from the 2017 Model Bank Submissions

Celent Banking

While this makes the category more difficult to judge, it offers immense insight into what’s happening in the market. The standards of customer engagement are constantly changing, and banks are experimenting with new ways to drive increased satisfaction, higher revenue, and greater loyalty. Three themes stand out this year.