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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Response From The Other Two Big 3 Players.

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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

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The 2023 GonzoBanker Awards

Gonzobanker

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc. million (that’s right million) of financial donations and support to the community in 2025.

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The Future Of Payments Beyond The Pandemic

PYMNTS

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

financing round to India-based startup OneAssist , which protects consumer smartphones and credit cards by storing the information and blocking transactions on lost cards and phones before a reported loss or theft. USAA has in some cases launched partnerships and pilots with its investments including Coinbase and MX Technologies.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

And most recently, Allianz made a strategic investment in US online homeowners and renters insurance carrier Lemonade , which currently operates in New York, Illinois, and California. Stated investment focus: Underserved risk markets, innovative approaches to risk underwriting, financial technology with application to risk underwriting.

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A Deep Dive into the Upcoming FinDEVr Silicon Valley 2016

Fintech Labs Insights

By sharing more about the backgrounds and inspirations that help drive our FinDEVr presenters, we hope our slideshow below provides insights into what our industry’s brightest talents are working on now, as well as a preview of where financial technology may be headed in the years to come. Click image to view slideshow.