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The New Lending Fintech Bonanza

Gonzobanker

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market.

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Service UX: US Bank’s Well-Designed Appointment Scheduler

Fintech Labs Insights

Bank uses modern design and thoughtful UX to make it work just as the user would expect. Related: Fintech Startup-of-the-Week: Watch How INSTNT Removes Risk from New Applications (Aug 2020). Fintech Startup of the Week: Watch How SupportPay Handles Shared Childcare Expenses (July 2020). Screen 4: Day and time.

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Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

Add to that the introduction of strong customer authentication (SCA), which was mandated in 2019 and implemented in September of 2020, and yet another layer of friction is added for card-based payments. According to Soliman, PayDirect is the answer to those issues.

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The 18 Fintech Startups in the 2020 INC 500

Fintech Labs Insights

It’s rare that a fintech company could ever achieve that type of velocity. But we consider Nationwide to be more of a financial services company than a fintech (though the definition is extremely fluid). And while you are at it, please add your fintech startup to our database. And that’s just to make it to number 500.

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Watch 6 startups pitch in the “Entre x Pitch night NYC” Fintech Startup Competition

Fintech Labs Insights

Missed this fintech event from NYC-based entrepreneur network Entre in June (2020). The competition pitted six fintech companies against each other to win a bag of in-kind services (design, legal, etc). Related: The 18 Fintech Startups in the 2020 INC 500. The 27 Fintech startups from YC’s Summer 2020 batch.

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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). Sure they had great tech, refreshing UX and a talented team. References: Fintech Futures overview (22 Sep 2020) Envel press release (17 Sep 2020). References: Fintech Futures overview (22 Sep 2020) Envel press release (17 Sep 2020).

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Fintech Startup of the Week: Challenger Rho Business Banking Targets Sophisticated Startups/SMBs

Fintech Labs Insights

Which is a bit of a problem from a marketing UX standpoint. Source: Crunchbase; monthly website visitors per SimilarWeb, SEMrush, 15 Jan 2020. Fintech stack: – Banking services from Evolve Bank & Trust (dba Synapse ). Related: Challenger Lucy Focuses on Banking Women Business Owners (Fintech Startup of the Week).

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