PYMNTS

NOVEMBER 11, 2020

In today’s top digital-first banking news, MercadoLibre has been granted a license from Brazil’s central bank, while payments FinTech Alacriti has teamed with Glia on new customer service options for payments needs. Plus, payment startup SumUp has been granted a new electronic money license from Ireland’s central bank.

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Chris Skinner

MAY 2, 2017

Celent estimate that 80% or more of the $200 billion spent by banks on IT is maintaining legacy systems. I know I’ve made this point often but banks are run by bankers when they really should be balanced with technologists, as they are FinTech firms. This is not a new phenomena either.

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System Survey Software Fintech 286

PYMNTS

JUNE 4, 2019

Tink , the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 Reuters , citing the companies, reported proceeds from the investment will be used for Tink to expand its team, develop new products and connect more banks. Tink was founded back in 2012. In February Tink raised $62.7

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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.

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PYMNTS

OCTOBER 2, 2020

The company’s marketing tagline is that it provides “banking for humans,” and its website says the firm has 7 million members. “I I want Dave to be the biggest, splashiest, most aspirational and accessible fintech brand in the U.S,” Mildenhall said, according to a Wall Street Journal report. Payroll Processor Debuts Gusto Wallet.

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PYMNTS

AUGUST 17, 2017

The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC).

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Millennials Digital Banking San Francisco Fintech 132

PYMNTS

JUNE 13, 2018

That growing group of FIs includes Sweden-based FinTech Tink , which offers a consumer-facing digital banking platform alongside a growing B2B API development business. Founded in 2012, Tink debuted its AI and machine learning-focused digital banking platform the following year to give customers better financial insights.

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Regulation Guidelines Tools Data 115

Chris Skinner

MARCH 31, 2017

I took part in a webinar the other day, focused upon the developments in digital banking in the Middle East. Having visited Abu Dhabi, Bahrain, Dubai and Qatar recently, I can claim to know a little. Equally, having been to the region regularly since 2002, I’ve seen how it is developing and changing.

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Regional Digital Banking America Meeting 150

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. Netherlands.

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United States Fintech Utah Lending 15

Accenture

SEPTEMBER 22, 2019

They’re also expanding their offerings by linking up with other popular fintechs such as Moneybox (investment), Transferwise (international transfers) and PensionBee (pension plan). Traditional banks have responded by innovating and creating their own digital banking brands—witness the launches of RBS’s Bó and HSBC’s Connecting Money app.

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Innovation Metro Apple Marketing 150

Chris Skinner

JULY 3, 2017

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017.

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Mobile Cards Video Management 286

PYMNTS

JUNE 1, 2020

That is why it is critical for FIs to build out networks that can handle an increased amount of transactions or swiftly analyze large reams of data, according to Ali Niknam , CEO and founder of European digital bank Bunq. This is similar to the card aggregation solutions that fellow FinTech Curve offers.

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Fintech Labs Insights

JUNE 7, 2021

Launched in a midtown (NYC) basement venue in 2007, Finovate* now organizes 4+ shows annually where fintech startups (as well as a few bigger companies) show their technology in no-Powerpoint 7-min live(ish) demos. 3 international bank clients. Glia : Digital customer service platform. Founded: June 2012.

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PYMNTS

MARCH 2, 2020

As far as we can tell, the origin of the quote is from a 2012 Fortune article, with the author writing: “ A favorite Bezos aphorism is “Your margin is my opportunity.” . Big Tech, FinTech and neo-banks are increasingly there to lap up the opportunities innovation is presenting to offer an alternative path to financial services.

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Innovation Data System Mobile 222

Chris Skinner

APRIL 13, 2017

It feels nearer, but when a group of experts on Artificial General Intelligence were asked this question in 2012, their view was that it would not be achieved until 2040. That will be somewhere over the next 10-25 years to achieve. The question here being: When will achieve the Singularity?

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Technology Software Groups Innovation 283

PYMNTS

MARCH 28, 2019

FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. “This is all being done while managing capital requirements and compliance costs in a rapidly evolving digital landscape marked by increased competition.”

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Regulation Technology Tools Fintech 118

Fintech Labs Insights

JUNE 7, 2021

Launched in a midtown (NYC) basement venue in 2007, Finovate* now organizes 4+ shows annually where fintech startups (as well as a few bigger companies) show their technology in no-Powerpoint 7-min live(ish) demos. 3 international bank clients. Glia : Digital customer service platform. Founded: June 2012. Top 12 U.S.

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Fintech Labs Insights

OCTOBER 20, 2020

In the past 5 years, FIS’s accelerator has helped 57 startups find product/market fit in the difficult-to-get-started fintech world. Cirrus Secure 7-minute demo @FIS Fintech Accelerator Demo Day. Sample Clients – Zions Bank – NBH Bank – Bank of the West (BNP Paribas) – Byline Bank – ConnectOne Bank.

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CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Where Top US Banks Are Betting On Fintech.

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America Lending Cards San Francisco 101

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 Cards Lending cryptocurrency 12

Fintech Labs Insights

JUNE 29, 2021

Here are the biggest players in the United States ranked by our FAB score ( Fintech Attention Barometer ). NEW : Looking for digital banks, lenders or corporate charge/credit cards serving small businesses? Check out our latest lists: SMB online lenders (26) | SMB charge/credit cards (15) | SMB challenger banks (10) .

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Fintech Labs Insights

FEBRUARY 17, 2021

Founded: 2012. Founded: 2012. Online Digital Banks for Small Businesses. Fintech Startup Debuts: Brave Credit & AWSM Bank Pitch @ 500Startups Demo Day (4 Feb 2021). The 134 Fintech Unicorns of the 21st Century (Jan 2021 update). Description: Asset management tools. HQ: Frankfurt. Founded: 2015.

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San Jose CA Fintech Tools 15

Fintech Labs Insights

MAY 12, 2021

Digital Lenders: Year Founded. 2012 to 2015 >>> 10. Digital Lenders (ranked by our FAB score*). We are calling it the FAB score, standing for Fintech Attention Barometer. A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. Prior to 2007 >>> 3.

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Fintech Labs Insights

FEBRUARY 17, 2021

Founded: 2012. Founded: 2012. Related: The 140 Fintech Unicorns of the 21st Century (Feb 2021 changes). Online Digital Banks for Small Businesses. Description: Asset management tools. HQ: Frankfurt. Founded: 2015. Crunchbase. Infermedica (6 mins). Description: AI-powered care coordination. HQ: Warsaw. Crunchbase.

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San Jose CA Tools Digital Banking 15

Fintech Labs Insights

SEPTEMBER 16, 2015

Founded: May 2012. The post Urban FT’s Digital Banking Platform appeared first on Finovate. Metrics: To date we have raised $14.5M, currently employ 32 people throughout 3 offices, and service 700,000 registered users. Product distribution strategy: Direct to Business (B2B), through financial institutions.

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Digital Banking Analytics New York Branding 12

Celent Banking

JANUARY 23, 2017

Over its ten years of existence, Celent’s Model Bank programme has always changed and evolved. In the last few years we have been awarding multiple initiatives in a small number of categories – for example, last year we had four winners in Digital Banking Transformation, the busiest of seven categories.

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Risk Management Innovation Case Study Boston 100

Fintech Labs Insights

JUNE 27, 2023

Enter the digital insurance challengers aiming to fill the gaps through simple online/mobile interfaces. Here are the biggest players in the United States ranked by our FAB score ( Fintech Attention Barometer ). NEW : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses?

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Online Denver San Francisco DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Digital Lenders: Year Founded. 2012 to 2015 >>> 13. Digital Lenders (ranked by our FAB score*). 30. *(As nerds do) We have developed a proprietary score measuring adoption of private digital financial services companies that do not release traditional metrics (# customers, loans, orginations, etc).

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Atlanta Utah Miami DC 15

Fintech Labs Insights

MAY 12, 2021

Digital Lenders: Year Founded. 2012 to 2015 >>> 9. Digital Lenders (ranked by our FAB score*). We are calling it the FAB score, standing for Fintech Attention Barometer. A defunct Canadian bank, Bayshore Trust, launched the first online loan application in March 1996. . Founded: 2012.

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Atlanta Utah DC Detroit 15

PYMNTS

JULY 20, 2017

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

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Digital Banking Video Mobile Survey 128

Fintech Labs Insights

JANUARY 12, 2016

A look at the companies demoing live to 1,500 fintech professionals. Innofis is a full digital banking platform which combines knowledge of customer behaviour and context with predictive analytics and machine learning to provide highly personalized information and services. Register today. . Presenters: David Moreno, CEO.

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Digital Banking Analytics Innovation Fintech 12

Fintech Labs Insights

DECEMBER 2, 2021

Here are the biggest players in the United States ranked by our FAB score ( Fintech Attention Barometer ). NEW : Looking for digital banks, lenders or corporate charge/credit cards serving small businesses? Check out our latest lists: SMB online lenders (26) | SMB charge/credit cards (15) | SMB challenger banks (10) .

Online 15

Online Denver DC Atlanta 15

Fintech Labs Insights

MAY 16, 2016

Tagit CEO Sandeep Bagaria said the investment would help speed growth in sectors like digital banking and “Smart City” technology. Pictured (left to right): Parikshit Paspulati (CIO) and Neelima Subramanyam (CPO) demonstrating Mobeix Open Platform at FinovateAsia 2012 in Singapore.

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Mobile Groups Analysis National 21

Fintech Labs Insights

OCTOBER 7, 2016

After leaving mBank, Panowicz joined Nordea, where he served as SVP and Deputy Head of Digital Banking. His long tenure in finance and technology includes stints at Alior Bank, Microsoft, eBay, and The Boston Consulting Group.

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Technology Boston Leadership Conference 19

Fintech Labs Insights

APRIL 5, 2017

” Chapman added, “In addition, while supporting the conversion of the financial industry to digital banking, and while contributing to the foundation of the accounting industry’s cloud accounting system, we will continue to devote our efforts to constructing an industry-wide ecosystem based on users. .”

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Capital Regional Industry Software 18

CB Insights

AUGUST 23, 2018

Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results.

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Cards Mobile Strategy Branding 76

Fintech Labs Insights

SEPTEMBER 25, 2015

Additionally, the bank soon plans to roll out other fintech partnerships. Fidor’s presentation will focus on teaching developers how to leverage its APIs and European banking license to set up their own digital banking services.

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San Francisco Bitcoin Community Conference 12