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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. Radius is based in Boston and has in the neighborhood of $1.4 The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide.

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Transactions: Eastern Bank selects Backbase for digital account opening

BankInovation

$24B Eastern Bank selects Backbase Boston-based Eastern Bank announced last week that it has partnered with digital banking platform provider Backbase to provide enhanced digital account opening for consumer and commercial customers.

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The Finanser’s Week: 17th July – 23rd July 2017

Chris Skinner

This week’s main blog headlines are … Why FinTech start-ups think they can beat the banks There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint.

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The 57 Biggest Fintech Conferences & Events in 2023

Fintech Labs Insights

Below is our curated list of top fintech, banktech, payment tech, investech global conferences for 2023. These the biggest and best events in the financial services space geared towards technologists, product managers, developers, marketers and C-Suite execs at both financial institutions and rival fintech firms.

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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”. “A

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

based FinTech, recently added a new corporate card to its portfolio of solutions. Tide , a digital banking solutions provider, issued several updates intended to help SMBs use optical character recognition (OCR) to automatically match receipts with individual transactions. Yordex , a U.K.-based

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Virtual Bank Aims to be Primary Account Engine Behind Fintech Brands

The Financial Brand

Boston's Radius Bank keeps reinventing itself, using APIs in effort to build a strong deposit base without a branch network. The post Virtual Bank Aims to be Primary Account Engine Behind Fintech Brands appeared first on The Financial Brand.