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B2B Finance As A Service Tops This Week’s VC List

PYMNTS

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. The company secured $50 million in private equity funding from BV Investment Partners, Built In Austin said this week.

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4 winners and losers from the American Banker Digital Banking 2018 Conference

Gonzobanker

You might have snickered at the launch of their cringe-inducing brand “BFF”, but their digital concierge concept intended to democratize private banking through their “banker in every pocket” platform (basically secure chat soon to be launched through their Pivotus Ventures subsidiary) is going to be fun to watch.

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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. The tension between FinTechs and FIs is real, as PYMNTS data shows. Banks are never going to become obsolete,” VB said, “but they could end up becoming stored value accounts.

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Credit UX: Starter Loans from Self Lender

Fintech Labs Insights

Another more traditional route is a deposit-secured loan. Customers without credit can take a loan secured by their deposit, typically a CD. Enter Self Lender , an Austin, TX-based startup with $17 million in funding. Users apply for a $500 or $1000 CD-secured loan. As the loan is repaid, credit is established.

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Ping Identity Acquires UnboundID

Fintech Labs Insights

Identity security solutions provider Ping Identity has acquired UnboundID, its former partner , for an undisclosed amount. Austin-based UnboundID offers customer identity and access management solutions. Founded in 2003, Ping Identity upgraded its Identity-as-a-Service (IDaaS) platform to improve security and ease of use for end users.

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32 Corporate Innovation Labs In Retail

CB Insights

From supply chain and inventory improvements to new payment options, these brands are going all in on digital. You can see our list of 30 fintech-focused corporate innovation labs here. With a major focus on sustainability and the future, Space10 is looking to innovate in everything from urban planning to food security.

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Top 12 U.S. Online Digital Banks for Small Businesses (SMB) May 2021

Fintech Labs Insights

The first pure-play online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. We are also including divisions of traditional FIs if they operate under a separate autonomous brand, such as BBVA’s Azlo (which closed this month). ranked by our FAB score (Fintech Attention Barometer*).