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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. 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. The subject? Trust in Banks.

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Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. Twenty-two billion dollars is a monster-size deal, but at 2X First Data’s annual revenue, the price is a way lower revenue multiple than the growth-oriented digital mashups lining up in the market. Diversification versus Concentration. So, put the coffee on.

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Fintech Startup of the Week: Challenger Rho Business Banking Targets Sophisticated Startups/SMBs

Fintech Labs Insights

Which is a bit of a problem from a marketing UX standpoint. Fintech stack: – Banking services from Evolve Bank & Trust (dba Synapse ). Quality articles: – TechCrunch , 13 Jan 2021. Related: Fintech Startup of the Week: Meratas Powers Income Sharing Agreements (ISA). There’s more on its homepage than Chase Bank.

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Fintech Startup of the Week: Challenger Rho Business Banking Targets Sophisticated Startups/SMBs

Fintech Labs Insights

Which is a bit of a problem from a marketing UX standpoint. Fintech stack: – Banking services from Evolve Bank & Trust (dba Synapse ). Quality articles: – TechCrunch , 13 Jan 2021. Related: Challenger Lucy Focuses on Banking Women Business Owners (Fintech Startup of the Week). Funding: $19.9M (per Crunchbase).

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Temenos to Acquire Kony: So What?

Gonzobanker

The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. market expansion. market has been a hard row to hoe for Temenos. market – already well established internationally from the aforementioned growth. So now you can lose those European loafers and wear these [cowboy boots].”

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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. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. GonzoBankers, 2019 was a year of extremes.

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Top U.S. Digital Banks for Small Businesses

Fintech Labs Insights

The legacy players held onto their market share by providing digital services that were “good enough” to retain customers loath to switch banks. Leading USA digital small business banks ranked by our proprietary FAB score (Fintech Attention Barometer, see note 1) . Press: 34 articles in past 2 years (10 in ’20, 23 in ’19, 1 in ’18).