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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. SoFi had familiarity of Technisys through prior use of the system and through SoFi’s prior acquisition of digital payments provider Galileo.

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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Panning versus mining for BaaS gold. It’s exciting that the BaaS gold rush is gaining momentum.

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Today In Digital First Banking: LendingClub Gets OK To Buy Radius; European Banks Lend Less Amid Pandemic

PYMNTS

In today’s top news in digital-first banking, LendingClub said it has attained all of the regulatory approvals to close its $185 million acquisition of Radius Bancorp, while Euro area banks have reportedly scaled back lending to safeguard against risk. European Banks Lend Less, Fearing Bad Loans During Pandemic.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

The deals were widely dispersed around the world, with only 4 of the 30 headquartered in California. Incentive & rewards systems for financial institutions. Payments technology. HQ: Palo Alto, California. HQ: San Francisco, California. Digital bank. HQ: Sunnyvale, California. billion Debt).

Company 12
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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. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.

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Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”

Fintech Labs Insights

These 10 companies range from payments innovators and security specialists to alt-lending platforms and mobile banking app builders – and even include a pair of alums that have earned multiple Best of Show awards. Headquartered in Santa Rosa, California. Yantra Financial Technologies. Founded in 2009.

Company 16
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FinovateFall 2017 Live Blog – Day 2

William Mills

Digital banking solutions for community banks and credit unions. A turnkey solution incorporating CRM, invoicing and payments into a simple solution for the business delivered through the bank’s digital banking solution. Digital banking is the new core.” MalauzaiMonkeys. afs_vision.

Samsung 69