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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

Scottdale, Arizona was chillier than normal this week, but that didn’t prevent bankers from having heated discussions about 2023 at this year’s Acquired or Be Acquired conference, hosted by Bank Director. Business Experience Catches Consumer In past years digital innovation discussions tended to focus on consumer-focused players (e.g.,

Arizona 147
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New Digital Experiences Keep Credit Unions Relevant – And Then Some

PYMNTS

Consumers waited on financial institutions (FIs) to innovate in an odd relationship that put business needs before customers’ needs. Arizona-based FI consulting firm Cornerstone Advisors noted that just three major banks have 47 percent of the accounting and payment services sector’s $11 billion.”. It was all on their timetable.

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Could Income Share Agreements Displace Payday Loans?

PYMNTS

Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017.

Arizona 148
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Einride Presses The Pedal On Autonomous Delivery

PYMNTS

Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. Scant information was immediately available from Einride, which appears poised to use that capital to expand internationally and otherwise continue development of its electric Einride Pods.

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Utah’s new regulatory sandbox

CFPB Monitor

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Arizona’s program, in contrast, is administered by the Arizona Attorney General.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

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Self-Driving Vehicles Face New Speed Bumps

PYMNTS

If so, that just adds to the pressure on Uber regarding its self-driving efforts in the aftermath of the March incident in Arizona, in which one of the company’s self-driving prototypes hit and killed a pedestrian (a human was in the car at the time). Another survey provides a similar view in the aftermath of the Arizona accident.

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