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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Read the full customer development post 4.

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The BaaS Gold Rush is On

Gonzobanker

According to CB Insights , 43 fintech companies became unicorns (privately held startups valued at over $1 billion) by Q3 2021, many of them raising millions of dollars to help flesh out products and attract customers. Look at Middlesex Federal Savings, which rented its charter out to Bank Novo and just got $90 million in Series B funding.

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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.

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

Fintech Labs Insights

Coronovirus crisis (2020-2021). Community service: Food-bank fundraisers, gift card marketplace for local businesses, etc. 2021 to 2023: Digital-first (on our way to digital-only). Focus on digital-first solutions for all financial activities. Concentrate on markets you can serve digitally.

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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Newman also architected 25 business acquisitions from 2000 through 2021. Now that’s what you call a change of momentum. Goes to CSI.

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