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Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. Lendo is a licensed FinTech sandbox that uses data points and modern underwriting techniques.

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Finastra research points to open finance progress

Bobsguide

Explore the latest trends in lending, payments, universal banking (digital, retail and commercial banking), treasury and capital markets, and Finastra’s broader commitments, including: Open technology: Collaborating to innovate. Open communities: Creating more equitable access to banking.

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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. Based on our advisory work with hundreds of financial institutions and fintechs, Cornerstone has identified four Foundational Pillars of Smarter Bank Leadership.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Holding these assets can impact profitability because banks can’t lend those funds out or invest them at higher rates. In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. Rising interest rates depress the value of low-rate securities and loans.

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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

Fintechs and challenger banks have disrupted the status quo in the financial services universe,” said McConaghy. “By When asked about the future size of their bank in the year 2030 , some 28 percent of the survey respondents predicted that their organisations would need fewer employees (between 5 to 50% decrease).

Survey 40
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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

Fintechs and challenger banks have disrupted the status quo in the financial services universe,” said McConaghy. “By When asked about the future size of their bank in the year 2030 , some 28 percent of the survey respondents predicted that their organisations would need fewer employees (between 5 to 50% decrease).

Survey 40
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The 2019 GonzoBanker Awards

Gonzobanker

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Most Egregious Fintech Valuation – Chime , which went fromone funding round at $1.5 GonzoBankers, 2019 was a year of extremes. billion late last year to $5 billion in recent months.

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