CB Insights

JULY 11, 2019

get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.

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Fintech cryptocurrency Examples Cards 64

Fintech Labs Insights

OCTOBER 2, 2020

Q&A with Envel Bank Co-Founder Steve Le Roux (4 Feb 2020). I was a huge fanboy of Simple Bank back in the day. Sure they had great tech, refreshing UX and a talented team. Obviously, that edge was destined to fade away under big-bank ownership (it was acquired by Compass/BBVA in 2014). Real language. Real humor.

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Fintech Kansas City Boston UX 15

Fintech Labs Insights

JULY 20, 2022

Financial services, primarily credit card processing and insurance, are the biggest ongoing expense items by far (not counting labor). Do an annual UX audit with real customers; then communicate about shortcomings and fixes : Find out what the irritation points are in your digital banking. Related: Top 12 U.S.

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UX Digital Banking Examples Conference 15

Fintech Labs Insights

NOVEMBER 8, 2016

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? The new company (spun out from Signet Bank in 1994) was widely revered as a data analytics and marketing master. As recently as 2010 they were the last major bank to launch a native mobile banking app.

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UX Capital Mobile User Experience 17

Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. The Ecosystem Award – Goes to Partners Credit Union for its collaborative member experience work with digital banking vendor Kony (now part of Temenos).

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Idaho Conference Data Marketing 148

Celent Banking

MAY 5, 2017

Systems had to be rebuilt, and customers had issues with using debit cards, not being US citizens , and just recently, losing their accounts (Simple said it wasn’t able to transfer everyone before its relationship with The Bancorp Bank ended). Challenger institutions have been an important part of the banking ecosystem.

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PYMNTS

NOVEMBER 25, 2019

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. Google’s expertise is in UX design,” he noted. “By Banks are never going to become obsolete,” VB said, “but they could end up becoming stored value accounts.

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Google Fintech Payments Apple 272

Fintech Labs Insights

APRIL 16, 2020

Umpqua Bank’s Homepage During Middle of Coronavirus Crisis (15 Apr 2020). In my 25 years in the fintech space, I’ve had the misfortune to experience three massive ecosystem shocks. To help gauge where fintech is now and how and when it will get back on its feet, let’s compare and contrast the three downturns and their recoveries.

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Fintech Labs Insights

DECEMBER 2, 2019

Financial institutions are in an enviable position to profit from this consumer behavior by gamifying debit/credit cards and mobile app usage. While MasterCard and Visa have run year-end card purchase sweeps off and on during the past 20 years, few banks or credit unions have mounted serious long-running usage-based games.

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UX Digital Banking Mobile Taxes 15

Fintech Labs Insights

MARCH 4, 2020

The first pure-play digital bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on. I don’t believe they need to be regulated as a bank as long as they facilitate the big three products under one UI: deposits (e.g.,

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Fintech Labs Insights

FEBRUARY 4, 2022

Lending : Our largest category tracks 33 digital alt-lenders predominantly lending to small-and-medium U.S. Cards : Currently, 16 startups offer charge cards (or credit cards) and business expense management services in the United States. 7 card payment processors. – Top 33 Digital Lenders to U.S.

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Fintech Payments UX United States 15

Fintech Labs Insights

OCTOBER 3, 2016

I love the minutiae of digital banking. Others may be fascinated with how the blockchain will disrupt global payments or the impact of Dodd-Frank on debit card rewards. And as luck would have it, Bank of America obliged in its latest iOS update ( Sep 22, v7.1 ). Me, I just need a shiny new button to make my day.

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America Mobile blockchain Digital Banking 17

Fintech Labs Insights

APRIL 22, 2020

Someone with $50k in the bank isn’t going to risk dropping down a tier because they charged one-too-many meals to their debit card (e.g., $125 The bank is also moving forward with a credit card rollout to some of its customers. Related: Fintech’s Third Crisis is Tipping Point to a Digital-Only Future.

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Taxes CA UX Digital Banking 15

Fintech Labs Insights

FEBRUARY 15, 2016

Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 Six weeks into the new year, fintech companies have raised $4.5 Here are the fintech deals by size from 6 Feb to 12 Feb 2016: Renew Financial. Digital banking app. times the $1.9

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Company Fintech New York City Comparison 12

PYMNTS

JUNE 4, 2020

The degree to which consumers’ lives have gone digital over the past two or three months can’t be overstated. Those he termed “digital laggards” — FIs that have been slow to connect their card offerings to their mobile apps — have noticed more than a 50 percent reduction in their transaction spend of late.

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Mobile UX Cards Payments 141

Fintech Labs Insights

JUNE 1, 2016

My favorite website of all time was from the ill-fated dot-com “fintech” card issuer, NextCard. If only it had been equally savvy in its underwriting skills , it would be a digital banking giant by now. In 1999, it was light years ahead of its time in design and UI.

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PYMNTS

MARCH 24, 2020

London Unicorn FinTech Revolut Rolls Out In The US. London-headquartered Revolut is launching its app-based digital-only bank in the U.S. The FinTech launched in 2015 and has since attracted more than 10 million customers across Europe and the U.K. There has been a waitlist for U.S. There has been a waitlist for U.S.

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US Fintech Payments UX 101