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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Hot embers continue to glow in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Some perspective on how fast this fintech market is moving: Fintech Labs tracks 269 $1B+ valued fintech unicorns that have been founded in just the past two decades. According to CB Insights, US fintechs raised $14.6B

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A New Human Connection

Independent Banker

Interactive video ATMs draw attention as an alternative retail delivery option. ATMs with video connections to bank staff in a centralized back office have been getting a lot of buzz within the industry. Video ATMs are roughly 1.5 By Katie Kuehner-Hebert.

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Bankers: You spend like drunken sailors.

Jeff For Banks

On December 8th I am speaking at the Northwest Bank Executives conference in Seattle. At a time when so many banks are challenged to grow revenues, marketing expenditures represent 2.1% Or is our digital strategy champion hyper-focused on installing ATMs that are ADA compliant? of all operating expenses. million per year.

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Software Eats The (Retail) Workforce

PYMNTS

Why visit a bank with a teller when you can go to an ATM, and why go to an ATM (unless you need cash) if you can do everything you need to on your phone or laptop? The New World Of Automation Tech. There is no question but that automation has made life easier for consumers. recently enshrined as their state minimum wage rate.

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Feature Friday: Umpqua Showcases the Closest Branch on its Website

Fintech Labs Insights

I’m not a fan of bank branches (except Chase’s NE Seattle outpost, hi Ben). But even then, you generally have to go to a ATM/Branch finder to locate the closest branch. For instance, it listed a farmers market that was 40 miles away and didn’t mention the one within walking distance.

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Gift Card Season Off to the Races: Square Places New Bet, Starbucks Goes All-In, Banks Stuck at Starting Gate

Fintech Labs Insights

This week, digital poster child Square jumped into the plastic gift card market. But the Seattle U-Village main Starbucks has two of these is massive display cases near the queue (the back side has the usual holiday beans and merchandise). Apparently, there are more than 100 different designs.

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Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

While the technology is still developing, many companies (including Amazon) are banking on it as a disruptive force in a myriad of markets. Marketing & Advertising. The tech isn’t limited to protecting online data: CaixaBank in Spain is using facial recognition at its ATMs to provide bank customers with an extra layer of security.