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Today In Data: Alt FIs Raise Funding, SMBs In The US And AI Gets Backing

PYMNTS

Today in PYMNTS’ data, small- and medium-sized businesses (SMBs) have won the alternative financial venture capital (VC) funding rounds, millions of SMBs are in operation in the U.S. — 30 million | Higher end estimation of the number of SMBs in operation in the U.S.

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Payments 2016: The Year Of Capitulation

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. The year 2016 was the year of capitulation by FinTechs to the traditional banking industry. Payments 2016: The Year Of Capitulation . Reasons for the change?

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

His insights on humanizing interactions come from his larger piece on digital banking called The 11 Commandments of Digital Banking eBook. 11 Commandments of Digital Banking: The Customer Journey Darryl Knopp kicked off the year with the first in a series of posts on digital banking called The 11 Commandments of Digital Banking eBook.

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Foot In Mouth: 37 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

. “While recent stories and reports of a new entity competing with the three major carriers in the United States grabs headlines, the reality is it would be a daunting task requiring tens of billions of dollars in capital and years to build sufficient scale and density to replicate existing networks like FedEx,” [Mike] Glenn said.

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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

. “While recent stories and reports of a new entity competing with the three major carriers in the United States grabs headlines, the reality is it would be a daunting task requiring tens of billions of dollars in capital and years to build sufficient scale and density to replicate existing networks like FedEx,” [Mike] Glenn said.

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KPMG: 2018 Was The Year of Democratization

PYMNTS

Daniel Houseman, partner at KPMG, contributed the following piece as part of the PYMNTS 2018 year-end eBook. . BBVA , for example, has invested $1B in FinTech M&A and is a major shareholder in Atom Bank and solarisBank. New Entrants. The Rise of the Customer.

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242 Startup Failure Post-Mortems

CB Insights

“The initial 7 years were all about having negative working capital, positive cash flow and a sustained ability to fund our own growth. I started treasuring GMV, room-nights and other ‘vanity’ metrics instead of the fundamentals of cash flow and working capital,” he explained. Those were the only metrics we tracked. Product: Bridj.

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