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At home with HOA banking

Independent Banker

One of the very quick things we turned to were HOAs … and we quickly learned we could earn more of their business if we had a lending solution. We found that if we found a niche or product line to serve their lending needs, we could fulfill their relationships.”. Two bank charters (which doubles FDIC coverage).

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FinTech Step Aims To Create The Concept Of ‘Family Banking’

PYMNTS

The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. We’ve all heard the horror stories.

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BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year. In this way, Google gets new users for its Pay offering , and the banks get new customers and strengthen their respective brands. To that end, BBVA was one of six banks that said on Monday (Aug.

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Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

As Cornerstone Managing Director Brad Smith put it, this deal might not get the coverage of Visa/Plaid, but it should, because Galileo is like a mashup of Plaid and Q2’s CorePro if CorePro was extended to payments, lending and investments. Other similar challengers Square and Varo Money received FDIC approval in the past couple months.

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Dr. Strangelove or: How Fintechs Will Learn to Stop Worrying and Love Regulation

FICO

In China, online P2P lending exploded in popularity, with the number of P2P lenders growing from 50 in 2011 to 6,000 in 2015. Then the whole industry imploded when it was revealed that 40% of P2P lending platforms were Ponzi schemes. Brand protection. and China). A Prediction for the 2020s.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. Online book stores. In 1998, they decided "why don't we sell everything online?" or Idea Killers? A 26% decline.

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Pokemon The Surprise Retail Sizzle Of The Summer?

PYMNTS

We understand that sometimes brands do things in an effort to get a little boost so that people notice. But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Lending Club Algorithms .

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