BankInovation

FEBRUARY 12, 2024

In 2023, global fintech equity deals amounted to $39.2 18 State of Fintech report by CB Insights, a data intelligence company. Investors expect funding activity to rebound in 2024 following a year of uncertain macroeconomic conditions. billion, compared to $78.6 In Q4, only […]

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PYMNTS

JANUARY 25, 2021

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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Gonzobanker

AUGUST 24, 2023

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The crisis the WSJ is alluding to is the short-term “crisis of 2023.” One bright spot for the banking industry is Americans’ rising appetite for credit card debt.

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Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. billion in capital into fintech startups in 2023.

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BankInovation

SEPTEMBER 20, 2022

SEATTLE — Citi Ventures is investing in fintechs that focus on data security and developer productivity this year and is already eyeing an expanding portfolio for 2023.

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Bank Innovation

JULY 5, 2018

Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one. And there is more to this virtual assistant than just the cool factor, for banks these chatbots improve […].

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BankInovation

JANUARY 19, 2023

are leading a $27 million round of investment in KLYM, a data-driven fintech that focuses on providing working capital to small and midsize companies in Latin America. KLYM will use the capital to expand, with Brazil as the main priority in 2023, Diego Caicedo, co-founder and chief […] JPMorgan Chase & Co.

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Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

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FICO

SEPTEMBER 30, 2022

Meet Our 2023 FICO Decisions Awards Judges. FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. 2023 FICO Decisions Awards Now Open.

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Bussman Advisory

OCTOBER 7, 2023

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

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Abrigo

FEBRUARY 11, 2022

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard. Learn More.

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Independent Banker

DECEMBER 31, 2022

And with 2023, we have no shortage of adventures awaiting us. For example, we have moved the ThinkTECH Accelerator in-house to ensure year-round innovation programming and find new fintech partners who are bringing to market solutions that respond directly to community bank needs. Consider industry evolution. Rebeca Romero Rainey.

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BankBazaar

APRIL 11, 2023

National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. The company grew its net revenue for FY23 by 60% over FY22 on the back of a 60% growth in its Credit Card issuances.

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CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D.

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PYMNTS

OCTOBER 7, 2019

Tide will use the capital to grow its share of the banking business market in the U.K., Oliver Prill, CEO of Tide, said: “Securing this substantial investment from successful FinTech investors like The SBI Group and Augmentum underlines how far the business has come in a short time. FinTech company.

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PYMNTS

DECEMBER 17, 2020

UK FinTech GoCardless Raises $95 Million Led By Bain. FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Fiserv To Acquire FinTech Ondot Systems. The FinTech Fiserv has signed a deal to acquire Ondot Systems. The financial terms of the agreement were not disclosed.

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Independent Banker

JANUARY 31, 2023

And with 2023, we have no shortage of adventures awaiting us. For example, we have moved the ThinkTECH Accelerator in-house to ensure year-round innovation programming and find new fintech partners who are bringing to market solutions that respond directly to community bank needs. Consider industry evolution.

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Independent Banker

DECEMBER 31, 2022

CB Insights revealed that Q3 2022 fintech investments in payments continue to dominate financial services, with early-stage deals reaching a record high even as overall funding begins to cool. We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations.

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PYMNTS

JUNE 18, 2019

In a Series C round led by Sequoia India and Ribbit Capital, online payments firm Razorpay has notched $75 million in funding. The company is said to use the funds to grow new offerings such as its Razorpay Capital lending arm and Razorpay X neo-banking platform. With the funding, Razorpay is said to be valued at roughly $450 million.

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PYMNTS

JANUARY 24, 2020

FinTech payments firm WEX is closing a deal to acquire business-to-business (B2B) travel payments startup eNett and B2B optimization company Optal , WEX announced on Friday (Jan. billion agreement includes about $1.275 billion in cash and roughly 2 million shares of WEX common stock paid to the sellers. .

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PYMNTS

SEPTEMBER 20, 2019

India neobank Yelo did not reveal how much it raised in new funding this week, though reports in The Hindu Business Line said the mobile-first FinTech secured seed investment from Matrix Partners India, Omidyar Network India and Flourish, while existing backer Better Capital also participated.

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BankInovation

AUGUST 23, 2022

Ren Riley, investment partner at Fin Capital, will speak at Bank Automation Summit Fall 2022 to discuss investor interest in banking technology in 2023.

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PYMNTS

MARCH 22, 2018

According to Venture Beat , this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that include Union Square Ventures, Insight Venture Partners and Spark Capital. With data breaches in the news daily, it’s no surprise that fraud detection is big business.

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PYMNTS

DECEMBER 15, 2019

The (food) delivery market has been flooded with gigantic Japan-backed capital and influential online platforms, leading Woowa to factor in partnership as a survival strategy,” a spokesman at Woowa Brothers told Reuters. The system is expected to be released to FinTech firms by (Wednesday) Dec.

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PYMNTS

JULY 6, 2018

IPOs: See a renaissance of sorts, topping $35 billion in 2018, amid the fastest pace in 20 years and among verticals as far-flung as wholesale clubs and FinTech firms. Capital is flowing and investors’ pulses are quickening, it seems. The volume is the highest seen since 2014. Chatbots, it turns out, can boost the bottom line.

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CB Insights

NOVEMBER 5, 2019

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

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Gonzobanker

FEBRUARY 1, 2024

Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives. M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong.

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Gonzobanker

JANUARY 4, 2022

These fintech and banking trends should be on financial institutions’ radar in the year ahead. This list of top banking and fintech trends for 2022 won’t tell anyone anything they haven’t already heard about. Anyone who’s paid attention to the banking and fintech space in 2021 knows how hot embedded finance is.

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FICO

JANUARY 5, 2023

Thu, 01/05/2023 - 16:00. What’s more, unlike some fintech initiatives that assess risk based on cash flow data alone, the UltraFICO® Score presents the best of both worlds, combining cash flow data with traditional data from consumers’ credit files, along with the odds-to-score ratio that lenders understand. FICO Admin.

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American Banker

APRIL 3, 2023

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South State Correspondent

SEPTEMBER 20, 2022

Bank Marketing Lesson 10: Increase Marketing Budget for 2023. Another popular tactic was that since many banks are ahead of budget this year due to the faster than anticipated rise in margins, many banks are increasing spend on technology and marketing in the back half of this year to set themselves up for success in 2023.

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PYMNTS

MARCH 12, 2019

Alternative lenders position themselves as faster, technologically-savvy options for small to medium-size businesses (SMBs) that seek capital, while many of the FinServ providers in the running for RBS funds operate as digital-first companies ready to meet small firms’ need for automation, online platforms and cutting-edge banking services.

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FICO

FEBRUARY 9, 2023

During the past decade, following the financial crisis and last big economic squeeze, financial institutions mainly focused on rebuilding resilience, increasing capital, mending regulatory fences, investing in digitization, and achieving productivity and efficiency gains. There are still plenty of opportunities for the innovators.

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Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. He passed away in January 2023. What a year.

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American Banker

OCTOBER 2, 2023

But competition from HSBC and JPMorgan Chase as well as fintechs has multiplied in recent months. A remnant of the failed bank, now owned by First Citizens, is trying to reclaim its once-prominent role in venture-debt lending to startups.

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PYMNTS

DECEMBER 3, 2019

In developing the lending venture, the Chinese electronics company partnered with a few different FinTech startups, including ZestMoney, which is based in Bangalore. Other FinTech partners include CreditVidya, Money View, Aditya Birla Finance Limited and EarlySalary. Xiaomi said it offers a “low” interest rate.

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BankUnderground

MAY 25, 2023

Within this brief period, the borrower must request the funds, call on other smart contracts to perform near-instantaneous trades with the loaned capital, and return the funds before the transaction ends. Flash loans are therefore only available to the borrower for the short duration of the transaction. To this date over US$6.5

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