PYMNTS

DECEMBER 5, 2019

The funding, led by DST Global, is the largest individual equity investment for a challenger bank, surpassing NuBank’s $400 million, which was also led by DST Global, according to CB Insights. DST Global led the Chime’s previous funding round that closed in March, which valued the digital bank startup at about $1.5

Digital Banking 144

Digital Banking Chicago Google Fintech 144

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. Digital Banks.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

JANUARY 14, 2020

About 12 associations, including foreigners, are working on the new laws with Chinese officials, and some are eager to introduce online banks, a source said. The rules would allow them to partner with tech firms for independent digital banking platforms,” the source said.

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Online Digital Banking blockchain Fintech 145

Celent Banking

NOVEMBER 30, 2015

Fintech is booming. In 2013, according to a report by Accenture and CB Insights , total investment into Fintech was just less than $4 billion. By 2014 it ballooned to more than $12 billion globally, with 750 deals. Many are claiming the death of traditional banks, but I´m not sure these claims have merit.

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Fintech Report Innovation Trends 100

PYMNTS

JULY 8, 2020

Ant Group was launched in 2014 to provide global financial services. Also in January, Ant was reportedly seeking a wholesale digital banking license in Singapore , with a capital commitment of $100 million.

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Groups Report Capital Regulation 175

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. Note: These are the rankings from 10 years ago.

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Innovation Fintech Online Mobile 15

PYMNTS

JULY 28, 2019

The Brazil-based FinTech Nubank raised $400 million in a Series F round of funding led by TCV , making it the first major Latin American investment by the Menlo Park, California fund. . In this seventh round series F funding, the company raised $400 million and is now the largest “digital bank” in the world, a Nubank press release said. .

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America Capital California Fintech 134

PYMNTS

JANUARY 14, 2020

In today’s top payments news, China is finalizing its rules for online-only banks, Mastercard names Raj Seshadri as its new president of data and services and Visa buys FinTech startup Plaid for $5.3 China Finalizing Laws For Digital-Only Banking. FinTech Play, Wrapped In Plaid. Visa announced its $5.3

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Data Payments Online Digital Banking 131

PYMNTS

JULY 24, 2020

. “Most of our members are not located in locations where we have physical offices or a presence,” he explained, “so that digital channel has always been important, whether through call centers, digital banking, or other ways.” As the U.S. As the U.S.

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Innovation Payments Leadership National 201

PYMNTS

AUGUST 2, 2016

Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. Blankenship thinks that a lack of access to banks and high fees will increase the number of underbanked who are turning to payday lenders instead. households without a bank account as of 2013.

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Cleveland US Data Banking Trends 100

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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Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JANUARY 12, 2020

Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments.

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Google Capital Millennials Digital Banking 101

Gonzobanker

FEBRUARY 20, 2021

Digital banking providers answered the demand with digital account opening solutions. The financial terms of Atlanta-based NCR’s deal for Bay area-based Terafina (founded in 2014) were not disclosed. NCR was one of the few remaining digital banking providers that didn’t have its own answer for digital account opening.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

Lex Sokolin

SEPTEMBER 19, 2019

Fintech is expensive. Fintech is everywhere. Fintech is the global competition for regulation, talent, and macroeconomic supremacy. Fintech is the trade war between the US and China. Fintech is the trade war between the US and China. Fintech is Facebook and Amazon. Fintech is the next bubble to burst.

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Fintech Lending United States Data 40

CB Insights

MARCH 8, 2018

Digital banking startups — or challenger banks — have gained traction over the past few years by bringing retail banking services mobile. Banks in Fintech: what’s ahead in 2018. Join us for data-driven look at how major banks are approaching fintech investments and taking on insurgents.

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Retail Digital Banking Fintech Regulation 78

PYMNTS

NOVEMBER 5, 2019

Singapore FinTech startup Nium — formerly branded InstaReM — is dropping its pursuit to compete for a digital wholesale banking license in the city-state, Bloomberg reported on Tuesday (Nov. The company is instead going to concentrate on its cross border business-to-business payments solution.

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Fintech Regional Payments Regulation 101

PYMNTS

OCTOBER 20, 2020

As a disruptor of traditional credit, Afterpay was founded in 2014 to offer its customers interest-free installment plans for online purchases.

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Groups Retail Management Tools 130

Fintech Labs Insights

MAY 3, 2021

Startupbookcamp continues to accelerate fintech startups around the globe. Description: Digital insurance provider. Launched: 2014. Related: Watch 12 Fintech Startups Pitch at Startupbootcamp Amsterdam Demo Day (May 2021 update)). Top 26 Digital Lenders to U.S. HQ: Manz, Germany. Founded: 2015. Funding: $1.1M.

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San Jose Fintech CA Washington 15

Fintech Labs Insights

OCTOBER 22, 2020

Today, I watched a 10 impressive demos at DC Fintech Week ( see list at bottom of post ). Louis, MO-based fintech that just landed a fresh $10M (total round size of $20M, the other $10M raised in 2019) to give them a total of $25.4M. They were founded in 2014, but the big funding ($20M) did not arrive until after the pandemic.

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St. Louis DC Fintech Management 15

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. Founded: 2014. Sample Clients – Zions Bank – NBH Bank – Bank of the West (BNP Paribas) – Byline Bank – ConnectOne Bank.

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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.

Innovation 132

Innovation Strategy Innovation Strategies Security 132

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. FinovateSpring, May 2021 (Digital). Founded: 2014. 3 international bank clients. . HQ: Stockholm, Sweden.

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Fintech New York Colorado Digital Banking 15

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. 2-feb-2021.

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United States Fintech Utah Lending 15

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. FinovateSpring, May 2021 (Digital). Founded: 2014. 3 international bank clients. HQ: Stockholm, Sweden.

Fintech 15

Fintech New York Colorado Online 15

PYMNTS

APRIL 2, 2018

Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens.

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blockchain Lending User Experience Mobile 171

Fintech Labs Insights

OCTOBER 2, 2020

Obviously, that edge was destined to fade away under big-bank ownership (it was acquired by Compass/BBVA in 2014). They have said they are working with BaaS provider Cambr and Q2 for digital banking technology. References: Fintech Futures overview (22 Sep 2020) Envel press release (17 Sep 2020). Real humor.

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Fintech Kansas City Boston UX 15

PYMNTS

DECEMBER 21, 2016

During the year, Atom launched two Fixed Saver accounts — business lending and, most recently, Digital Mortgages by Atom, a range of residential mortgage products via a panel of specialist intermediaries, Atom said in the press release. Among the 2016 highlights, Atom said the bank became the only U.K.

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Lending Mobile Regulation Technology 100

Fintech Labs Insights

OCTOBER 13, 2020

Their were 9 fintech companies and one healthtech. Description: Digital banking and spend management platform for global NGOs. Founded: 2014. Related: Fintech Debuts: Watch COVERR and OnePipe Pitch at Techstars NYC Demo Day (8 Oct 2020). Envel is the New Simple Bank (Fintech Startup of the Week).

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San Francisco CA Fintech Oakland 15

Fintech Labs Insights

JULY 31, 2014

But the conversation got me thinking about what I''d recommend for next year if I was working in a bank, credit union or consumer fintech company. It''s one of the last frontiers for retail banks, especially in the United States. In semi-prioritized fashion, here are my first three recommendations for 2015. More will follow.

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Digital Banking United States Google Digital Strategies 27

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.

Fintech 12

Fintech Cards Lending cryptocurrency 12

Gonzobanker

DECEMBER 22, 2020

There have been many come-and-go digital banks. For a digital bank, Axos has a net interest margin twice that of Wells and BoA with an expense ratio under 2% – that helps drive a 15.5% Most Zen clients were FIS clients, FIS was already a minority investor, and Zen is the backbone of FIS Digital One.

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Idaho Community Industry Strategy 172

Fintech Labs Insights

MAY 12, 2021

As nerds do) We are developing a proprietary score measuring adoption of private digital financial services companies that do not release traditional metrics (# customers, loans, orginations, etc). We are calling it the FAB score, standing for Fintech Attention Barometer. Online Digital Banks for Small Businesses (SMB) May 2021.

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Atlanta Utah DC Detroit 15

Fintech Labs Insights

SEPTEMBER 16, 2015

Product Launch: June 2014. 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.

Digital Banking 12

Digital Banking Analytics New York Branding 12

Fintech Labs Insights

JANUARY 8, 2017

The company announced last month that it has signed a memorandum of understanding with fellow Finovate/FinDEVr veteran Fidor Bank ( F11; FD16 ) that will make Token’s software available within Fidor AG’s digital banking and open community middleware technology, Fidor OS. Wealth Management and Investing.

Fintech 12

Fintech blockchain Technology Lending 12

Fintech Labs Insights

JULY 22, 2015

We published our first fintech unicorn list in April 2014 with a mere 11 companies. Unlike other lists, we include exits (2 companies), public companies (5), real estate plays (2), and a few Finovate alums (3) that are not pure-play fintech, but do have substantial operations in that vertical. Digital banking.

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Fintech Lending Bitcoin Software 12

Tefkin

JANUARY 5, 2016

2016 will see a strong competition in the pure banking space. In Europe especially, a crop of new banks and alternative banks will push strongly into the market. If 2014 was seemingly the year of Bitcoin, with its pricing toping above $1,000. 2015 was the year of transitioning from currency to infrastructure.

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Fintech Marketing Maine Trends 31

Fintech Labs Insights

MAY 6, 2020

Breaking Banks, Jim Marous, 11:FS, and Bank On It to name a few ) and there has been much talk about the covid crisis and what it means for digital banking and the fintech challengers. Clearly, this is the digital tipping point we’ve been waiting for since the late 1990s (see previous post ).

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Course Fintech Digital Banking Branding 15