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5 payments trends you should know about

Independent Banker

“If I talk about Bank of Tampa’s vision, we want to be great at our personal relationships and upgrade our digital capabilities so that we get as close as we can to being a best-in-class digital bank,” Lakoumentas says. According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year.

Trends 140
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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Maryland Representative Elijah Cummings and California’s Representative Jimmy Gomez, in an open letter to BoA CEO Brian Moynihan, said that many low-income American families rely on the account. Their average customer is 32, and by and large people who have already migrated to digital banking – and almost never use tellers.

America 109
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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

HQ: Glenwood, Maryland. Digital bank. Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). HQ: Chicago, Illinois. Source: Crunchbase. Bridge2Solutions.

Company 12