article thumbnail

Tandem, Harrods Acquisition to Restore Tandem as a U.K. Fintech Player

Bank Innovation

A bank buying a fintech company is newsworthy, but a fintech startup buying a bank means the industry may be changing. It’s happened before — Green Dot bought Bonneville Bank back in 2011, and there have been a few others, but it’s far from a trend — yet. But that kind of change is what […].

Fintech 331
article thumbnail

Moven Gets Funding from SoftBank and Looks to Returns to Roots with Bank Acquisition

Bank Innovation

Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account. Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report.

Fintech 261
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

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’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

article thumbnail

How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. have plans to acquire a FinTech in the next 12 months as they pursue heightened digital transformation. For proponents of open banking , the regulatory initiative seen in the U.K.

Data 184
article thumbnail

Banks and Fintech: Friends or Foes?

Celent Banking

Earlier this week, I was kindly invited to join the panel on “what’s hot in Fintech” at Citi’s Digital Money Symposium, and it was one of the central questions we debated as a group. My colleague Stephen Greer has also discussed Bank-Fintech relationships on these very pages, for example, see here and here.

Fintech 100
article thumbnail

Financial Services Platform SoFi Plans IPO Via SPAC

PYMNTS

billion, with the goal of bringing FinTech businesses to public markets. Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing. The deal would give SoFi a post-money valuation in excess of $8.65 The deal is anticipated to provide as much as $2.4

Samsung 183
article thumbnail

Conference Alert: New Fintech Event to Focus on AI (duh!)

Fintech Labs Insights

In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks. The pandemic slowed the introduction of new events.