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The BaaS Gold Rush is On

Gonzobanker

As the collision of traditional banking and fintech continues, there will be more competition and more innovative banking solutions due to the increasing number of actors seeking defensible niches and operational scale. infrastructure and the capacity to manage a BaaS strategy to significantly complement the core business.

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Privacy Regulations, Developing Trust Leads To New Revenue Streams for FIs

PYMNTS

His comments come at a time when California is arguably taking the lead in consumer data privacy protections. That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. Looking At Trust .

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Amazon, Travelers Team To Sell Smart Home Kits

PYMNTS

10) that it has teamed up with Amazon to offer smart home kits, insurance and risk management information through a digital storefront on Amazon, at Amazon.com/Travelers. The free Echo Dot and the discounts on the smart home kits are currently available to Travelers home insurance customers in California and Travelers Quantum Home 2.0

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Investors Impressed By Mix Of AI And Analytics

PYMNTS

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. The company provides cyber insurance for the enterprise coupled with real-time risk management and mitigation.

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Deep Dive: Credit Unions Work To Keep Members’ Data Private

PYMNTS

PYMNTS’ Credit Union Innovation Index found 65 percent of CU members chose credit unions as their primary financial institutions (FIs) because they trusted them, compared to 45 percent of non-CU members who said the same. California’s Protective Measures And Their Costs. Data Breaches Within And Without. Canada’s largest CU, the 4.2

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Identity management, ID proofing, preventing account takeovers, limiting card-not-present risk, the rise of social engineering on remote workers, and more cyber-crime-as-a-service offerings had most of the buzz. However, of course, it was generative AI that remained at the peak of the hype cycle.

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B2B eCommerce Tips The VC Scales

PYMNTS

An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup.

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