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Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

PYMNTS has found that 55 percent of millennials say they would switch to an FI that uses geodata to enhance the security of users’ accounts. That number is even higher for those individuals who earn higher wages – and taken together, higher earners and younger demographics are the sweet spot of banks’ customer bases. The Disconnect.

Data 227
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Q2 Acquires Social Money in $10 Million Deal

Fintech Labs Insights

.” Formerly known as Smarty Pig, Social Money helps financial services companies better engage their customers by offering them savings solutions such as GoalSaver , a customized, bank-audited goal-saving system. ” Q2 Holdings was founded in 2005 and is headquartered in Austin, Texas.

Iowa 12
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

million to its digital banking platform. Startup digital bank. SaaS banking platform. HQ: Austin, Texas. Millennial saving & investing app. Charity Bank. Digital bank serving non-profits. Tags: Enterprise, B2B2C, mobile banking, digital banking.

Company 12