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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Or Hatch Bank, which, after partnering with HMBradley, saw deposits grow 300% in the first half of 2021.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. team focused on UX, data, integration, and risk. In 2021, the Standish Group reported that 83% of I.T. Mandate #3: Build a next-gen I.T.

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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., Randy Newman, Alerus Financial – For 40 years, Newman guided Alerus out of a flooding disaster in North Dakota to the creation of a diverse financial powerhouse focused on banking, mortgage, wealth management, and retirement services. Goes to CSI.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

This flurry of activity generated a lot of excitement about the technology’s potential. Gartner predicted 80% of all new enterprise applications would be using chatbots by the year 2020, and that by 2021 chatbots would be the “most important platform paradigm” for the enterprise. Fintech: Contract review & bill negotiation.