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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. The subject? Not So Black-and-White.

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The Rise Of ‘Intelligent Engagement’ In Corporate Banking

PYMNTS

The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience. FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management.

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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. Oh, what a mere 12 months can do.

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Finovate Debuts: Innofis Enhances the UX for Banks and Customers

Fintech Labs Insights

>3 million digital end customers (retail & corporate). Moreno, who has served as CEO of Innofis since 2012, started his career at a bank where he worked in retail and corporate banking, marketing, IT, and consulting. We believe banks understand now that a good customer-facing UX is a must. Founded in 2012.

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Temenos to Acquire Kony: So What?

Gonzobanker

Still to be sorted out are overlaps between Infinity and Kony’s UI/UX assets. Culture Club : There could be employee flight risk as the Temenos culture (especially outside of the United States) can skew more formal corporate than is often preferred at smaller fintech companies in places like Austin. So we aren’t always. negbombers.

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Mobile Banking Apps Get a Blah Net Promoter Score From Consumers, Bank Innovation Finds

Bank Innovation

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores. NPS scores range from -100 to […].

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First Look: LA-Based Neobank HMBradley Braves the Pandemic with March 30 Launch

Fintech Labs Insights

Thoughts : It’s a clever approach to drive direct-deposit relationships, the holy grail in retail banking. Though, in practice, for most savers, the interest rate difference may not be significant enough to budge them out of Bank of America. Related: Fintech’s Third Crisis is Tipping Point to a Digital-Only Future.

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