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Commerce Ventures Founder, Dan Rosen, Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE – Dan Rosen, founder and general partner at Commerce Ventures, has joined the speaker roster for Bank Innovation 2018, taking place next week March 5 to 6 in San Francisco. Since founding Commerce Ventures in 2012, Rosen has added more than forty fintech startups to its portfolio.

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DATA: How FI’s Innovation Gap Is Big Tech’s Big Opportunity

PYMNTS

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.” . And while there are plenty of headwinds in pursuing those innovative opportunities – many so-called incumbent FIs may be running out of the proverbial runway.

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KYC Still Time-Consuming and Not Standardized in Fintech, SWIFT Says

Bank Innovation

EXCLUSIVE— A time-consuming and costly area of banking, Know Your Customer (KYC) and due diligence maintenance could use an upgrade, global payments provider SWIFT told Bank Innovation. KYC is a key tenant of our product set, part of a unit of SWIFT we launched in 2012. It’s part of a bigger play for us,” Paul Taylor, […].

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Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet

PYMNTS

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. The digital wallet offering is intended to solidify the FinTech’s reach in the Brazilian payments market.

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America’s banking regulations strangle innovations

Chris Skinner

Whilst almost 500 banks failed in the USA between 2008 and 2012, only three new banks opened. Only three new banks have opened in the United States since 2010.

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Clash of clans … or new bank versus old bank (Fidor, BPCE) 

Chris Skinner

I was talking with some friends at the most innovative bank in Europe that has stopped getting on my radar for the past few years. I first blogged about them back in 2012, when I met the founder at an event. That bank is called Fidor.

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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).