Remove 2020 Remove Cards Remove Digital Banking Remove UX
article thumbnail

The Small Businesses (SMB) Love/Hate Relationship with their Bank

Fintech Labs Insights

When I looked for data to support that claim, I was surprised to see the JD Powers research that concluded small businesses were pretty happy with their banks last year. But remember, banks were facilitating a bunch of money giveaways in the form of government-backed PPP grants during 2020/2021. Related: Top 12 U.S.

UX 15
article thumbnail

Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

Q&A with Envel Bank Co-Founder Steve Le Roux (4 Feb 2020). I was a huge fanboy of Simple Bank back in the day. Sure they had great tech, refreshing UX and a talented team. Obviously, that edge was destined to fade away under big-bank ownership (it was acquired by Compass/BBVA in 2014). Real language.

Fintech 15
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

Umpqua Bank’s Homepage During Middle of Coronavirus Crisis (15 Apr 2020). And it didn’t really slow down until crashing in March 2020. Coronovirus crisis (2020-2021). Stimulus packages: Bonus for banking stimulus checks, enhanced unemployment assistance, paycheck advance, overdraft fee waivers. Financial crisis.

Fintech 15
article thumbnail

The 2019 GonzoBanker Awards

Gonzobanker

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch.

Idaho 148
article thumbnail

The 2022 GonzoBanker Awards

Gonzobanker

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to Sen.

Community 216