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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. While customer relationships are being redefined by fintechs, there will always be a place for community banking.

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Top 15 Online Digital Corporate Credit Cards for Small Businesses (June 2021)

Fintech Labs Insights

Source: FintechLabs, Crunchbase, SEMrush, SimilarWeb; 16 June 2021. Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Rho, a challenger bank, is the newest entrant, launching a charge card last month (13 May 2021). Website visits (May 2021): 750,000 (SimilarWeb).

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Top 15 Online Digital Corporate Credit Cards for Small Businesses (June 2021)

Fintech Labs Insights

Source: FintechLabs, Crunchbase, SEMrush, SimilarWeb; 16 June 2021. Notes : *FAB score = Fintech Attention Barometer , a proprietary measure calculated by Fintech Labs. Rho, a challenger bank, is the newest entrant, launching a charge card last month (13 May 2021). Website visits (May 2021): 750,000 (SimilarWeb).

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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. Fintech stack: – Banking services from Evolve Bank & Trust (dba Synapse ). Quality articles: – TechCrunch , 13 Jan 2021. Bank Automation News (fka Bank Innovations ), 13 Jan 2021 (paywall). 33 Fintech Conferences & Events for 2021.

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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. Fintech stack: – Banking services from Evolve Bank & Trust (dba Synapse ). Quality articles: – TechCrunch , 13 Jan 2021. Bank Automation News (fka Bank Innovations ), 13 Jan 2021 (paywall). 125 Fintech Unicorns of the 21st Century (YE 2020).

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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). If you are on a hyper-growth curve, make sure to apply for the Inc 2021 list by next May.

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

Fintech Labs Insights

But remember, banks were facilitating a bunch of money giveaways in the form of government-backed PPP grants during 2020/2021. Do an annual UX audit with real customers; then communicate about shortcomings and fixes : Find out what the irritation points are in your digital banking. Night and day in terms of net promoter.

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