Jack Henry
JULY 13, 2023
As deposits reach their lowest levels since 2009 – when many younger bankers were still in college ‒ the mission to attract and grow deposits is a fairly new concept. They translate into lucrative lending opportunities as well as fee-based commercial solutions, like payments and financial management services.
Gonzobanker
JULY 7, 2015
Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Ally Bank $23,212,768 $60,709,382 $37,496,614. Green Dot Bank (Go Bank) 28,553 725,719 697,166.
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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.
Current
NOVEMBER 10, 2020
As many traditional banks close branches in low-income areas it will emphasize the huge opportunity for fintechs like Current to fill the void with a mission around financial inclusion that is already aligned with the administration with a best-in-class digital experience.
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.
Fintech Labs Insights
AUGUST 21, 2014
Small business debt crowdfunding __ While commercial lending in the United States is up this year, the small business segment is still vastly underserved. And while there are good reasons why banks choose to avoid riskier SMBs, none of the reasons make a lick of sense to any business owner. I know from experience.
Gonzobanker
MARCH 6, 2018
Wells Fargo, Bank of America and Chase opened more new checking accounts in the last year than the next 17 largest banks combined and have more than 70 million total mobile users. Meanwhile, Wells plans to close 450 branches by 2019, BofA has closed 1,600 branches since 2009, and Chase closed 365 since 2015.
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