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Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2 Many are seeing partnerships as the path to growth.

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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Founded in 2005, the FinTech AffiniPay now processes over $6 billion annually on behalf of 150,000 professionals, according to a news release announcing the appointment. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. Yordex , a U.K.-based

Tools 141
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SEC Charges Founder Of Mozido With Defrauding Investors

PYMNTS

The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido , the FinTech startup, with scamming investors out of their money. Unscrupulous operators make it difficult for ordinary investors to assess such ‘investment opportunities.’”.

Boston 126
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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

Traditional financial institutions have been forced to look inward as they continue to face competition from alternative lenders and FinTech providers. The weakest performers fell below the returns hurdle rate across regions and across segments, the report noted. Baumgärtner also coauthored the report.

Survey 109
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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. From nowhere, sizable regional players are being created. Acronym of the Year.

Fintech 147
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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes? The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region. The marketplace said Monday (Nov.

Google 129