2023 Digital Banking FDIC Fintech 
Fintech Labs Insights
JUNE 26, 2023
Are we about to see a rush of fintech startups serving the interest-sensitive small business market? But what we will surely see is challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. 2021 SF $14 12,000 Source: FintechLabs, Crunchbase, SimilarWeb, 26 June 2023 1.
Fintech Labs Insights
NOVEMBER 10, 2023
Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.
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Fintech Labs Insights
APRIL 6, 2023
Are we about to see a rush of fintech startups serving the interest-sensitive small business market? Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. 95,000 6 Meow * 11 4.3%
Fintech Labs Insights
APRIL 4, 2023
The new Mercury Vault ( company announcement , 13 March 2023 ) includes $5M of FDIC insurance (achieved by shipping deposits in excess of $250k to a network of 20 banks). So even if there is a failure at Mercury’s bank partner (Evolve or Choice), there would be no deposit losses or even major inconvenience ( see note 1 ).
Fintech Labs Insights
MAY 2, 2023
Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. For the most part, financial technology event planners are organizing in-person gatherings, often with a virtual option.
Gonzobanker
FEBRUARY 1, 2024
Since banks with less than $10 billion in assets continue to struggle in deposit gathering, scale and overall earnings, we wonder how many will not be here in five years? The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” Five Hundred? (Oh
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