Chris Skinner

JULY 26, 2016

In 2009, I coined the word BaaS. Instead, BaaS stands for Banking-as-a-Service. No, nothing to do with sheep!

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Fintech Branding Digital Banking Innovation 150

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online 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.

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Digital Banking Online Atlanta Las Vegas 15

Chris Skinner

JUNE 4, 2018

Hence, I can claim that Banking-as-a-Service (BaaS) is mine. That’s because I was presenting the idea ten years ago and blogged about it in February 2009. Now, no idea is unique, and the BaaS idea … The post #Money2020Europe Day One: Will banks become ‘safes’ for data?

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Data Digital Banking Innovation Fintech 199

PYMNTS

MAY 24, 2016

The rise in digital and online banking hasn’t deterred banks in the U.S. Financial Times reported that just one in 30 bank and credit union branches has been forced to shutter its doors since 2009, despite the massive surge in digital FinServ and a subsequent drop in transactions completed by the physical locations.

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Fintech America Retail Report 100

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

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PYMNTS

NOVEMBER 9, 2020

The Tracker also examines how mobile and instant disbursement tools could be essential to making sure these individuals are still able to participate and transact within the digital banking world. percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009.

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Tools Mobile FDIC Examples 203

PYMNTS

AUGUST 5, 2019

It seems fraudsters have found a rich vein that exploits the same technology deployed by banks to make cashing checks less of a hassle for their customers, enabling remote mobile check deposits tied to their digital banking apps. Mobile Check Capture Circa 2009. Fraudsters count on that, he pointed out.

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Fraud Payments Mobile Handbook 162

Fintech Labs Insights

AUGUST 26, 2020

27 of the total were fintech companies, a fairly typical 14% of the YC batch. Though back when YC was just starting, only a handful were fintech. In the first 9 years of YC (2005 thru 2013), only 24 YC companies were in the fintech space though two of those early participants are now decacorns ($10B+). Year Fintech.

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Fintech Labs Insights

FEBRUARY 2, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). 7 born this month (Digit Insurance, Divvy, Mambu, Melio Payments, MX, PPro, Sunlight Financial). + It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List. 2-feb-2021.

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Fintech Labs Insights

MAY 12, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 5 largest were founded in 2007, 2008, and 2009. As a side note, there have been no major digital lenders founded in the past 30 months. Funding $M. Visitors (Apr21).

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Fintech Labs Insights

AUGUST 25, 2016

This week digital banking solutions provider Meniga announced an $8.2 The UK-based company has assigned the funds to bolster its personalized digital banking platform, an offering already in use by Santander , Intesa Sanpaolo, mBank, and ING Direct. million (€7.3 million) round of funding it secured earlier this year.

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Fintech Labs Insights

OCTOBER 17, 2016

Alkami Technology is partnering with credit union service organization, Open Technology Solutions (OTS), to bring its ORB Digital Banking Platform to member CUs in states from Colorado to Maryland. “We look forward to supporting this journey as their digital banking partner of choice,” he said.

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Digital Banking Technology Idaho User Experience 12

Fintech Labs Insights

JUNE 29, 2023

This can improve visibility on our website, but does not impact the company’s FAB score. ** The FAB score, Fintech Attention Barometer, is a proxy for the overall size of a private company since they typically do not release traditional metrics (# customers, deposits, AUM, etc). including $6.5B 12,000 reviews) 2.

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Celent Banking

FEBRUARY 10, 2016

Payment APIs have grown by almost 2,000% since 2009, with Financial APIs growing at more than 470% during that time. Banks embrace APIs to modernize and streamline back-office connectivity, especially for customer-facing digital channels. These include PayPal, Stripe, Authorize.Net and LevelUp.

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Data Groups Fintech Report 100

Fintech Labs Insights

SEPTEMBER 16, 2016

Alkami Technology , which demoed at FinovateStartup 2009 as iThryv and transitioned to its current incarnation a year later , announced this week that Desert Schools Federal Credit Union will use its ORB (Online Relationship Builder) digital banking platform.

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Digital Banking Technology Arizona Texas 12

Fintech Labs Insights

AUGUST 21, 2014

Relationship mortgages __ In late 2009, I refinanced my home through what was then ING Direct. While the process wasn''t perfect ( see post) , it went pretty smooth and I''ve been happy with the bank even as it transitioned to Capital One ownership.

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Fintech Labs Insights

JULY 28, 2016

Digital banking pioneer Fidor Bank has been acquired by Groupe BPCE of France. Terms were not disclosed, and Fidor Bank founder and CEO Matthias Kröner will remain with the company. ” Kröner, whose bank expanded to the U.K. ” Kröner, whose bank expanded to the U.K.

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Groups social media New York Digital Banking 12

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 UX Community Comparison 15

Fintech Labs Insights

MAY 12, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 5 largest were founded in 2007, 2008, and 2009. As a side note, there have been no major digital lenders founded in the past 30 months. Founded: 2009. Funding $M.

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Fintech Labs Insights

NOVEMBER 19, 2021

But as you can see from the chart below, the digital SMB lenders started in earnest during and right after the 2007/2008 financial crash. Whereas, 3 of the 6 largest were founded in 2007, 2008, and 2009. Digital Lenders: Year Founded. We are calling it the FAB score, standing for Fintech Attention Barometer. Lendistry.

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Fintech Labs Insights

APRIL 7, 2017

Digital banking solutions company Meniga has brought in $8 million (€7.5 Founded in Iceland in 2009, Meniga helps banks in 18 markets leverage their customer data to market and up-sell products and services to the banks’ 40 million end customers.

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Data Meeting Digital Banking Capital 21

Fintech Labs Insights

NOVEMBER 29, 2016

“We see Five Degrees as a winner in FinTech,” Cels said. Five Degrees’ Matrix digital banking platform provides retail and private banks with a fully automated solution that supports any product or channel via a web-based, mid office environment connected to either the client’s legacy back office or Matrix’s.

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Lars Markull

JUNE 6, 2020

I have actually worked at a small Sparkasse in the North of Germany between 2006 – 2009 and thus remember the introduction and confusion by some customers in 2008 very well. Most complains were around the fact that the IBAN in Germany is 22 digits long and many people claimed they will not be able to remember their IBAN.

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Fintech US Regulation Examples 90

Fintech Labs Insights

NOVEMBER 11, 2015

Santander is partnering with Meniga to bring the Iceland-based fintech innovator’s “world class” PFM solutions to its clients and customers. Meniga’s announcement comes just days after being recognized by Business Insider as one of the most promising fintech startups in the Nordics.

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Innovation Conference Fintech Online 12

Fintech Labs Insights

JULY 20, 2020

But that doesn’t mean they don’t need specialized banking services. Finally, 25 years into the digital banking era, there are a half-dozen challengers focused entirely on serving small businesses and freelancers. Below, Founder/CEO Michael Rangel presents at CB Insights Future of Fintech last June (2019).

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San Francisco Austin Video United States 15

Fintech Labs Insights

SEPTEMBER 25, 2015

Adding to the 215+ banks that call Britain home, Fidor Bank launched in the U.K. last week after applying for a banking license in January. This makes Fidor the country’s first new retail bank in five years. Additionally, the bank soon plans to roll out other fintech partnerships.

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San Francisco Bitcoin Community Conference 12

Fintech Labs Insights

JUNE 14, 2016

Drossaert comes to Fidor with more than 20 years experience in finance and IT, having worked as CTO Banking & Capital Markets for Asia, Middle East, and Africa for Computer Sciences Corporation and as Head of Transformation and Change at Saudi Hollandi Bank.

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San Francisco Management New York Innovation 12

Lars Markull

JUNE 6, 2020

I have actually worked at a small Sparkasse in the North of Germany between 2006 – 2009 and thus remember the introduction and confusion by some customers in 2008 very well. Most complains were around the fact that the IBAN in Germany is 22 digits long and many people claimed they will not be able to remember their IBAN.

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Fintech US Regulation Examples 40

Lex Sokolin

MAY 25, 2020

Remember how Morgan Stanley bought eTrade to compete with Bank of America Merrill Lynch and is Merrill Edge brokerage platform? You are forgiven for not remembering all my favorite Fintech minutiae. For the rest of this article and conclusions about Wells Fargo and digital banking, keep reading it here. Is that right?

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Strategy Fintech Capital Case Study 52

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Issuing serves corporate expense and digital banking use cases, among others. Seed VC, 2019). The road ahead.

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Online Company Retail Payments 98

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. Chris Myers, President & CEO, Citizens Business Bank – During a tumultuous time for West Coast banks, Myers kept his sights on being a top commercial relationship bank.

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Fintech Labs Insights

NOVEMBER 22, 2021

At FintechLabs we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). Full Fintech Unicorn List. In October, we added 22 new unicorns for a total of 260. Their total market value is now $2.23 trillion, just $20B more than last month (essentially flat). Unicorn count: Beginning (Oct 1) = 238. +

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Fintech Labs Insights

OCTOBER 5, 2016

Half of the companies in the FinTech Forward 20 “Companies to Watch” list presented by American Banker and BAI this week are Finovate/FinDEVr alums. When evaluating the various companies, judges were encouraged to ask themselves questions such as: “is this organization solving relevant problems for the banking industry?

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Company Fintech New York City New York 16

Fintech Labs Insights

JULY 7, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Bunq , banking startup from The Netherlands. Trulioo , Canadian fintech security company. Full Fintech Unicorn List. In June, we added 12 new unicorns for a total of 199. Their total market value is now $1.91

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United States Fintech Bitcoin Capital 15

Fintech Labs Insights

MARCH 4, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Full Fintech Unicorn List. Online Digital Banks for Small Businesses. In January, we added 9 new unicorns for a month-end total of 134. The total value is now $1.65 trillion, up $230B from last month. Value Date.

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United States Fintech Company Analytics 15

Fintech Labs Insights

AUGUST 10, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Full Fintech Unicorn List. In July, we added 10 new unicorns for a total of 208. Their total market value is now $2.0 trillion, up $120B fro m last month. Unicorn count: Beginning (July 1) = 198. + 9 born this month (see below). +1

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United States Fintech Technology Capital 15

Fintech Labs Insights

JUNE 3, 2021

At FintechLIVE we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). US fintech insfrastructure. Full Fintech Unicorn List. In May, we added 16 new unicorns for a total of 187. Their total market value is now $1.72 trillion, up $50B from last month. Unicorn count: Beginning (May 1) = 171. +

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