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The United States Of Fintech Startups

CB Insights

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

Delaware-based bank M&T Bank has just created an all in one money management dashboard, which allows customers to add competing products through their mobile apps or online dashboards. Banks still need to be sure that they are keeping the customer experience as easy and seamless as possible in the midst of reacting to a breach.

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Watch 6 startups pitch in the “Entre x Pitch night NYC” Fintech Startup Competition

Fintech Labs Insights

Missed this fintech event from NYC-based entrepreneur network Entre in June (2020). The competition pitted six fintech companies against each other to win a bag of in-kind services (design, legal, etc). Related: The 18 Fintech Startups in the 2020 INC 500. The 27 Fintech startups from YC’s Summer 2020 batch.

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Sizzle/Fizzle: In Banking, Truth as Currency

PYMNTS

That might impact not just office space, but lending activities and even FinTech. Some heads even rolled: The five main players who had served as senior managers in the consumer business were either fired or demoted, and John Stumpf, the CEO of Wells Fargo at the time the scandal broke, was forced to resign from the board.

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Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Fintech Labs Insights

This week, 35 fintech companies worldwide raised $469 million the second week of June. Fintech deals by size from 11 June to 17 June, 2016: Fenqile. HQ: Wilmington, Delaware. Fintech company builder. Research management software for investors. million convertible note to further its remote deposit business.

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Finovate Alumni News

Fintech Labs Insights

Forbes notes MaxMyInterest , Dragon Wealth , and EverSafe in a feature on the global growth of fintech accelerators. Market Visual integrates with the Tradier API to enable investors to manage stock portfolios and trade on a single platform. Delaware Business Times profiles Global Debt Registry.

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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

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