Remove California Remove Digital Banking Remove Fintech Remove Management
article thumbnail

In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

These shifts have made digital banking and debit transactions more important than ever. The Next-Gen Debit TrackerĀ® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. Pandemic Puts Digital Banking in the Spotlight.

article thumbnail

Community Bank Acquires SMB Digital Bank Seed

PYMNTS

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Andreesen Horowitz-Backed Company Raised $120M To Enhance Its Digital Bank

CB Insights

Mercury , a fintech company, has raised $120M in a Series B. The round drew participation from Coatue Management, Andreessen Horowitz, CRV, and Sapphire Ventures, among others. Mercury currently caters to more than 40,000 SMBs, managing over $4B in customer deposits in 200 countries. HOW’S THE COMPANY PERFORMING?

article thumbnail

FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

PYMNTS

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed ā€” so long as they harbor a relentless focus on identifying and solving customer problems.

Fintech 236
article thumbnail

M&A Emerges As Key Strategy To Drive SMB Finserv Collaboration

PYMNTS

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Orange Bank Acquires Anytime. Lloyds Pilots Satago Technology.

Strategy 196
article thumbnail

Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding

PYMNTS

In todayā€™s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. Plus, the Federal Reserveā€™s Beige Book report noted that the U.S.

Cards 152
article thumbnail

Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.