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The New Lending Fintech Bonanza

Gonzobanker

2020 is the wildest downward ride in the market since 1929, which, one would think, is taking its toll on the fintech ecosystem serving banks and credit unions. And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market.

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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

It also opened the door for a boom of FinTech innovation and a flood of alternative lenders targeting the small- to medium-sized business (SMB) segment. But that’s not to say that these FinTechs have a certain path ahead. For lenders – both FinTechs and legacy players – it remains to be seen how borrowing behavior will change.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Perhaps “overly optimistic” might be the mindset that marks private markets.

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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Perhaps “overly optimistic” might be the mindset that marks private markets.

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Mobile UX: A First Look at “Second Look” Transaction Alerts from Capital One

Fintech Labs Insights

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? Fast-forward six years and Capital One owns the innovation mantle, at least in the United States. Bottom line : This is just one example of a more proactive approach to helping customers deal with day-to-day finances.

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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

In my 25 years in the fintech space, I’ve had the misfortune to experience three massive ecosystem shocks. To help gauge where fintech is now and how and when it will get back on its feet, let’s compare and contrast the three downturns and their recoveries. Umpqua Bank’s Homepage During Middle of Coronavirus Crisis (15 Apr 2020).

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