Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. The expense management company says that employees that fudge the numbers on their expense reports to get reimbursed are hitting their employers hard. .; That’s up from 57 percent in 2013.

Survey 100

Survey Lending Analysis Management 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. And each January, we ranked all previous recipients into a master list.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

NOVEMBER 15, 2016

Prosper, like many of its peers in marketplace lending, has had a tough year in 2016 — with investors falling out of love with loans provided online as quickly as they fell in love with them. Aaron Vermut joined Prosper as president in April 2013 and became chief executive in March 2014.

Lending 100

Lending Online Management Company 100

PYMNTS

MAY 5, 2016

Max Levchin’s alternative online lender, Affirm, is bringing in the top guns to sturdy up its infrastructure as the company expands business beyond selling point-of-sale systems. Last month, the company also acquired personal finance management app maker Sweep.co. We’re not just trying to build another profitable lender.

San Francisco 100

San Francisco Branding Payments Analytics 100

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CB Insights

FEBRUARY 13, 2018

The bank acquired the team behind credit card startup Final in Jan’18, and it is rumored to be in talks with personal finance management app Clarity Money. Since 2013, 80% of the top 50 banks by total assets operating in the US have not acquired a fintech startup. Fintech: 2017 Year-in-Review & 2018 Trends.

Fintech 68

Fintech Trends Strategy US 68

PYMNTS

AUGUST 4, 2016

With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. That is also a 25 percent increase over last quarter.

Lending 100

Lending Capital Payments Taxes 100

Jeff For Banks

MAY 9, 2019

Online banks already use automated processes. In 2013, when the median branch deposit size in our profitability outsourcing service peer group was $47.9 In 2013, each branch had to absorb $536,000 of support center expenses per year. I'm sure readers can think of several use cases for their institutions. Oh contraire.

Survey 60

Survey Community Community Bank Resources 60

PYMNTS

JUNE 10, 2016

Uber had many wonderful years of asking for forgiveness instead of permission and managed to build a worldwide ridesharing empire on the strength of that conviction. As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news.

Regulation 100

Regulation National Austin Fintech 100

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. The online insurtech company was launched in 2013 in a joint effort by China-based tech giants Alibaba, Tencent, and Ping An. amid a difficult climate for China’s online lenders). in March 2019.

Fintech 51

Fintech Regional Analytics Groups 51

PYMNTS

NOVEMBER 16, 2017

Mary’s has since occupied the same site, constructing a new building in 1970 and replacing that structure with its current headquarters in 2013. According to Senus, the CU emphasized a “conservative approach” in its lending decisions to emerge successfully from the difficult economic environment. “We PYMNTS recently spoke with St.

Millennials 101

Millennials US New Hampshire Resources 101

William Mills

DECEMBER 12, 2017

First up was WMA-client Baker Hill, based in Carmel, Indiana and provider of Baker Hill NextGen , a turnkey online loan application system with a roles-based modern user interface specifically engineered to adapt with the evolving needs of financial institutions. Think Quicken Loans® on steroids but for small business lending.

Conference 40

Conference Innovation Lending Customer Experience 40

CB Insights

FEBRUARY 1, 2019

orders, or a daily average of 700,000 orders, in Q3’18, and reached 12M orders on Indonesia’s National Online Shopping Day in December. Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B

Policies 61

Policies Lending Operations Examples 61

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Old Mutual Global Investors, Artemis Investment Management. Company Description: Based in Sweden, Klarna provides online payment solutions. Select Investors: Woodford Investment Management.

Groups 76

Groups Capital Operations Fintech 76

FICO

FEBRUARY 10, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online 40

Online Tools New York City Analytics 40

FICO

FEBRUARY 9, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online 40

Online Tools New York City Analytics 40

PYMNTS

JULY 15, 2016

Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. But as someone said just the other day about Lending Club, just when you think there are no more shoes to drop, more shoes drop – and that there will always be more shoes. Really, since when?).

Retail 100

Retail FDIC Bitcoin Lending 100

Independent Banker

JULY 30, 2015

Each subsidiary is owned and managed by ICBA to deliver best-in-class programs, support and pricing for member community banks seeking operational efficiency and return on their membership investment. ICBA Strategic Technology Solutions program provides IT management solutions to increase operational effectiveness. Vendor Directory.

Resources 70

Resources Tools Community Bank Community 70

Fintech Labs Insights

FEBRUARY 2, 2021

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List.

United States 15

United States Fintech Utah Lending 15

Fintech Labs Insights

APRIL 28, 2016

This week alternative lending company BlueVine received an undisclosed amount of funding from Citi Ventures, Citibank’s investing arm. In a statement , managing director at Citi Ventures, Arvind Purushotham, states: “We found BlueVine doing factoring in a much more modern fashion.

Lending 12

Lending Operations Online Community 12

Fintech Labs Insights

SEPTEMBER 21, 2020

Personal Financial Management & Wellness. Payment platform for online businesses and processors. Founded: 2013. Digital Assets. Finalists: Lacero ( pitch ), SupraFin ( pitch ), Wirex (see pitch below). Category winner AND overall winner: Wirex. HQ: London. Founded: 2016. Funding: $4.6M seed April 2020. HQ: London.

Innovation 15

Innovation Fintech blockchain Capital 15

Fintech Labs Insights

JULY 6, 2016

Rosen served as an advisor to the company since 2013 and is taking the seat of Howard Lindzon who founded StockTwits in 2008. Rosen most recently served as CEO of Even Financial, a supply side platform for online lending. Prior to that he was general manager of financial media business MarketWatch.

San Diego 16

San Diego San Francisco Video Lending 16

CB Insights

OCTOBER 10, 2018

Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance. There are four unicorns among the group — Nubank ($4B), Revolut ($1.7B), Atom Bank ($1.3B), and Brex ($1.1B).

Retail 78

Retail Cards Millennials Mobile 78

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Pay with with Dwolla or Bitcoin, and manage all your orders in one place. One solution.

Fintech 26

Fintech Bitcoin Cards Online 26

PYMNTS

MARCH 11, 2020

Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age…. Alt Lending Too. The deal has yet to be closed, by Lending Club management has signaled the desire to gather up cheaper sources of funding.

Digital Banking 130

Digital Banking Lending Capital Fintech 130

Tefkin

MAY 6, 2015

Online comparators have brought unheard of transparency in pricing. However with online distribution channels becoming increasingly primary channels, will the insurance agent suffer the same fate as the bank branch? Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Industry 50

Industry Examples Google Big Data 50

CB Insights

AUGUST 23, 2018

As of the end of July, JPMorgan Chase’s career website had 2,314 open technology jobs, 148 product manager roles, and 63 digital jobs. . New hires will be given technical assessments, training, and managers who act as career advisers. JPM is introducing a two-year curriculum to focus on technical skills. JPM Mobile.

Cards 76

Cards Mobile Strategy Branding 76

CB Insights

SEPTEMBER 10, 2019

Download the free report to find out how fintech is shaping the future of wealth management and investing. As millennials head deeper into adulthood and make more money, the personal finance space is adapting to their unique money management attitudes in a few key ways: From in-person to online.

Millennials 77

Millennials Mobile Lending Cards 77

CB Insights

OCTOBER 29, 2018

In 2013, Microsoft CEO Steve Ballmer saw an opportunity in Nokia, a Finnish phone company that was losing ground to competitors. Date: May 20, 2013. Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!,

Google 76

Google Software Innovation Company 76

Fintech Labs Insights

MAY 18, 2015

New investors included Cooley LLP, Data Collective, Stanford StartX Fund, and Core Innovation Capital, whose founder and managing partner, Arjan Schütte, will join the Vouch board of directors. If you didn’t think P2P lending could get any more “P”, then you don’t know Vouch. Lee is also a PayPal veteran.

Innovation 12

Innovation San Jose San Francisco Capital 12

PYMNTS

SEPTEMBER 5, 2016

The latter said earlier this month that it would buy Jet.com, focused on household goods and groceries, a move that spurred PYMNTS CEO Karen Webster to mull a retail rivalry gaining in intensity, especially in online sales (and it should be noted that Jet’s prices are competitive and, in many cases, lower than Amazon’s). The read across here?

Payments 100

Payments Apple Retail Online 100

Fintech Labs Insights

MAY 30, 2017

As the company’s Managing Partner Harry Langenberg pointed out, SuperMoney is taking the same approach to loan comparison that “won Google the search engine wars.” ” Pictured: SuperMoney Managing Partner Harry Langenberg demonstrating the Supermoney loan offer comparison tool at FinovateSpring 2017.

UX 22

UX Online Comparison Lending 22

CB Insights

AUGUST 1, 2017

This analysis does not include Social Capital’s funds managed independently from the main funds such as their investment in the Slack Fund, Social Capital’s hedge fund, or the recently launched Growth fund. Deals were just shy of the record set in 2013, which saw 38 investments worth approximately $332.7M in financing.

Capital 34

Capital Software Google Company 34

Independent Banker

AUGUST 31, 2021

The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We Among its digital innovations is an extensive library of application programming interfaces (APIs) that runs its customer platform and allows the bank to originate and service loans on online lending platforms.

Community Bank 196

Community Bank Community National Fresno 196

CB Insights

MARCH 27, 2018

Ziddu focuses on blockchain-backed solutions that offer microfinance lending against collateralized commodities in the form of Ziddu Coins — in other words, blockchain-based technology that could hypothetically make it easier for LongFin to collect collateral from borrowers. Overstock.com. 48-hr stock change: 22%. Industry: E-commerce.

blockchain 48

blockchain Company cryptocurrency Bitcoin 48