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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. The winners in BaaS will be outstanding risk managers – not risk eliminators.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Questions directed at Ms.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Allianz has backed startups providing complimentary technologies to auto insurance for purposes of roadside assistance ( Urgent.ly ), cybersecurity ( Argus ) and connected camera networks ( Nauto ). Stated investment focus: Enterprise software, financial technology, insurance technology, innovations in travel, health, and auto verticals.

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FinovateFall 2017 Live Blog – Day 2

William Mills

Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior. Very interesting UI on how companies and topics are integrated as well as the sentiment of the financial news. It looks like they started in Poland and have offices in Palo Alto, California.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Stated investment focus: Mobility & connected car, connected home & properties, insurtech & wealth management, digital health, cybersecurity & data intelligence. ” In this area, AmFam has made investments in startups including Cozy , a rent management startup, and mobile used car marketplace Instamotor. .”

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Finovate Spring 2018 – Day 2

William Mills

Again another financial wellness platform using machine learning technology. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Grounding your organization’s digital transformation in people, processes, and technology is critical.