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Model Bank 2017: Some First Impressions

Celent Banking

Operations and Risk. As for what you can expect between now and April 4 in Boston, look for a series of articles from the Celent analyst team highlighting some of the many insights that we’ve gleaned along the way. We’ve addressed this conundrum with five categories chosen to provide a broad cross-section of the banking landscape.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

AvidXchange previously raised $300 million in 2017 at a $1.4 percent through 2028, according to Boston Consulting Group. Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. 9), citing sources.

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Car Marketplace CarGurus Has Acquired Autolist

PYMNTS

CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website. PistonHeads also still operates under its own brand name. “We

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Model Bank 2017: Small Business and Corporate Digital Innovation Themes

Celent Banking

Operations and Risk. I hope this brief description whets your appetite for more discussion on our award winners in small business and corporate banking at the 10 th annual Innovation and Insight Day on April 4 th in Boston. Legacy Transformation / IT Platform Innovations. Emerging Innovation. I look forward to seeing you there.

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Rethinking the Customer Experience: Themes from the 2017 Model Bank Submissions

Celent Banking

The second type is a completely separate brand ring-fenced under a different technology stack, operating under the umbrella of the parent organization but effectively a separate entity. This is just a taste of what we’ll have in store at the 10 th annual Innovation and Insight Day on April 4 th in Boston.

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Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

The Federal Reserve launched the Faster Payments Task Force in 2015, which advised in 2017 that a governance framework should be implemented. As a result, the FPC was created in 2018.

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Fidelity Aims To Be Leader In AI, Blockchain, Machine Learning

PYMNTS

Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. CNBC noted that operating profits at partner company FMR increased 54 percent in 2017 with revenue topping $18.2 Revenue was up 13.7