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Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Capital Float had provided 500,000 clients with $1.2 billion in funding as of April, although the virus’s spread was greatly impacting India’s FinTech space.

Video 175
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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

PYMNTS

Video-based know your customer (KYC) processes are particularly promising in this regard. The latest Digital Identity Tracker® examines KYC regulatory requirements FIs face as well as how video-based KYC can ease onboarding for all parties. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators.

Video 211
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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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SMB Financing Fuels Week Of B2B Venture Capital

PYMNTS

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1 Xtracap Fintech.

Capital 141
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The Change Most Needed for Women in Fintech [VIDEO]

Bank Innovation

EXCLUSIVE – In honor of International Women’s Day, it’s important to appreciate the progress women have made in the fintech world. But, it’s equally necessary to acknowledge that there’s a long way to go. Female-led startups still have a harder time getting investment, perhaps because most investment firms are led my men.

Video 186
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Weekly Wrap: PPP forces advances in automation, while Moven bails [VIDEO]

Bank Innovation

Meanwhile, Moven, a “Gen 1” fintech startup, gave up on being a challenger bank, handing over […]. This week’s banking innovation continued to be dominated by efforts to automate the Payroll Protection Program loan underwriting — before the PPP funds ran out this week, that is.

Video 273
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Today In Payments: Stimulus, Vaccine Key To Full Recovery By End Of 2021; Chinese Watchdog Warns More Big Tech Rules Looming

PYMNTS

Plus, online lending startup SoFi is looking to go public through a SPAC. Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Capital One Halts BNPL Transactions On Its Credit Cards.