Texas Startup Alkami Raises $70M For Mobile Banking Software
Bank Innovation
JANUARY 10, 2018
Plano, Texas-based startup Alkami Technology has raised $70 million for its mobile banking platform, it was reported yesterday.
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Bank Innovation
JANUARY 10, 2018
Plano, Texas-based startup Alkami Technology has raised $70 million for its mobile banking platform, it was reported yesterday.
Bank Innovation
NOVEMBER 12, 2018
INV Fintech, Bank Innovation’s sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to revolutionize financial services.
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PYMNTS
MAY 8, 2019
Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation.
Bank Innovation
NOVEMBER 12, 2018
INV Fintech, Bank Innovation’s sister accelerator, has announced its sixth accelerator class, which begins this week with six unique startups seeking to revolutionize financial services.
PYMNTS
JULY 8, 2020
As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance policies called Walmart Insurance Services LLC. Listings for employment at a Texas call center also reportedly reflect the launch of Walmart Insurance Services.
CB Insights
FEBRUARY 1, 2019
Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms.
PYMNTS
FEBRUARY 4, 2020
. “Genpact and HighRadius will solve this challenge by delivering a transformative digital automation solution that enables businesses to maximize their working capital, while enhancing the customer and user experiences. 5 at the Order to Cash and Treasury Unconference at the AT&T Stadium in Dallas, Texas. .”
PYMNTS
JUNE 17, 2020
Smaller, perhaps less well-capitalized grocery operators are responding to the big three big box grocers with digital initiatives of their own, as all players in the space seek shoppers wherever they’re comfortable transacting, be that in a physical store or via a smartphone app. “We Adapt, Pivot and Innovate’.
PYMNTS
DECEMBER 21, 2020
RealPage, of Richardson, Texas, said it expects to continue operations with the same leadership team. “We Thoma Bravo, with more than $73 billion in assets under management, said that its investment strategy is focused on the software and technology services sectors.
PYMNTS
MARCH 2, 2018
Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.
PYMNTS
JUNE 6, 2019
Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report. Like banks, credit unions are increasingly collaborating with FinTech firms to drive adoption of new technologies, with 48.5
PYMNTS
OCTOBER 10, 2019
Sweden-based Einride , which makes autonomous delivery vehicles, has raised $25 million in fresh capital. Scant information was immediately available from Einride, which appears poised to use that capital to expand internationally and otherwise continue development of its electric Einride Pods.
PYMNTS
JANUARY 6, 2020
Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. Embracing Technological Disruption. A Consolidating Industry.
PYMNTS
NOVEMBER 2, 2018
However, Dimon later noted that blockchain technology is “real” and “a technology,” although he has noted that “bitcoin is not the same as a fiat currency.”. The Texas-based company enables customers to buy and sell bitcoin with cash through its teller machines. He later said that he regretted making the comment.)
Insights on Business
DECEMBER 14, 2018
Therefore, Palacios says, the bank seeks to use technology in ways to minimize any disadvantage that a lack of physical stores might cause. Trust in the AI data and the innovation approach. TCB Labs looked at three possible AI innovation business models: 1. Developing trust was a reappearing theme throughout the discussion.
Fintech Labs Insights
APRIL 12, 2024
The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).
Independent Banker
OCTOBER 1, 2022
Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia. Sometimes small businesses don’t have the capital to meet standard underwriting requirements … and need something that can bridge the gap and help them qualify for financing,” Thomas says. “[BOB]
PYMNTS
MARCH 30, 2018
Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Texas’ SpyCloud delivers protection against account takeover for its corporate clients. PYMNTS breaks down the latest deals below.
PYMNTS
JANUARY 6, 2020
Apple bought the Siri technology in an effort to ignite the notion of a digital virtual assistant, although it would a year before Siri would become an integrated part of the iPhone. As we start this new decade and prep for the innovation that will propel it, there are some things we know, for sure, already. billion of the 6.93
Jeff For Banks
MARCH 29, 2014
To exemplify, here are three Texas bank''s "Business" and "Business Strategy" sections to their most recently filed 10k. I picked Texas because of their perceived independent streak. Texas Capital Bancshares, Inc. We are primarily a secured lender, with our greatest concentration of loans in Texas. Independent?
Independent Banker
APRIL 30, 2022
Whether it’s products and services, technology strategies or employee benefits, independent community banks decide on their own terms what’s best for their business and their customers. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. .
PYMNTS
JULY 24, 2018
And that’s officially pleasing to Google ’s parent company as it continues to devote more money to its self-driving technology Waymo unit and other experimental projects organized under the umbrella of Other Bets. According to Waymo CEO John Krafcik , vehicles powered by Waymo technology are logging 250,000 miles per day.
Gonzobanker
DECEMBER 22, 2020
times tangible book for the attractive geographic footprint of BBVA weeks before the COVID vaccine starts to ship should spell accretion and strong future strategic positioning for PNC, especially in Texas where a brain drain from California led by Elon Musk will continue. The Tiny Bank that Did It Award UBank of Texas.
Gonzobanker
DECEMBER 17, 2021
This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. 82% to over 2.3%
William Mills
JANUARY 5, 2016
In a recent analysis of all technology investments announced on a single day on CrunchBase, there was more than $250 million in venture capital spending. Smart venture capital and private equity firms have long recognized that all parts of the traditional financial industry is burdened with legacy business practices and systems.
Gonzobanker
DECEMBER 20, 2019
There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. GonzoBankers, 2019 was a year of extremes.
Independent Banker
MARCH 31, 2022
When the 2022/23 ICBA board of directors was introduced at ICBA LIVE in San Antonio, Texas, there was a palpable sense of excitement in the air. It’s an honor to work with them as we focus on advocacy, education and innovation for the community banking industry. By Molly Bennett. Slow down and have better work-life balance.
Independent Banker
FEBRUARY 28, 2023
When we have first-party data, we can target much more precisely and can obviously reach those individuals one-to-one,” says Andrew Catalano, chief innovation officer of digital marketing agency Austin Williams in Long Island, N.Y. Making the investment On top of that, he says many balk at the cost of the technologies.
PYMNTS
APRIL 21, 2017
It was at this time that we thought there had to be a better way to create relationships between doctors and patients — and to get patients the care they need, without the wait, through the convenience of technology. We will soon be growing to other markets this year — to several cities in Florida, Texas, New York and Pennsylvania.
PYMNTS
APRIL 12, 2019
Amazon is advancing warehouse automation tech with a big leveling up of its autonomous cart technology. Carts Go Driverless: The Acquisition of Canvas Technology. Amazon’s efforts in robotics upgraded this week with the acquisition of Colorado-based Canvas Technology. told Adweek. Those remodels will add on to the roughly $2.2
Fintech Labs Insights
OCTOBER 7, 2015
Capital One Financial Corporation is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., Capital One, N.A. has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia.
PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?
CB Insights
OCTOBER 4, 2018
For example, big tech companies like Google and Amazon invested in sequencing and disease diagnosis company GRAIL , alongside pharma leaders including Merck and Johnson & Johnson Innovation. Our analysis includes the top 10 publicly traded pharma companies by market capitalization (as of 9/13/2018), along with associated venture arms.
PYMNTS
JULY 13, 2017
Launching ‘Ask Peapod’ on Alexa was a natural innovation for Peapod as we continue to create real meal solutions that fit into normal at-home behaviors,” said de Merode. “We We love new technologies, particularly when they fit so naturally into household planning.”. In Other News….
Fintech Labs Insights
AUGUST 1, 2016
MX’s data aggregation and innovative visualization technology provide accurate information in an engaging way that “makes it easy for people to manage their finances,” according to MX founder and CEO Ryan Caldwell, who underscored the technology’s “intuitive, innovative UI.”
South State Correspondent
SEPTEMBER 20, 2022
Another popular tactic was that since many banks are ahead of budget this year due to the faster than anticipated rise in margins, many banks are increasing spend on technology and marketing in the back half of this year to set themselves up for success in 2023. He made an interesting point – “boring companies pay a premium.”
Gonzobanker
DECEMBER 20, 2018
To be in Chip’s presence is to soak up energy, optimism and the mash-up of traditional banking and technology. Hats off to Greg for taking a $600 million credit union to a $5 billion innovator over his 25 years at the helm. Gerry is a financial executive who truly gets the impact of the technology shift under way in banking.
PYMNTS
JULY 7, 2016
I’m not a technology person so for me to be able to even do it was really good,” Kim Witzak noted of her positive experience using the service to transport her daughter’s stuff back from college. We had a couple of guys road tripping from Texas to Oregon,” Gorlin said, “and they picked up gigs to pay for gas.
Jeff For Banks
DECEMBER 22, 2013
capital appreciation and dividends. Texas Capital Bancshares, Inc. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. Not so over the three years I have been keeping track.
CB Insights
MAY 8, 2018
Drone technology has been used by defense organizations and tech-savvy consumers for quite some time. However, the benefits of this technology extends well beyond just these sectors. And as autonomy and collision-avoidance technologies improve, so too will drones’ ability to perform increasingly complex tasks.
Fintech Labs Insights
JULY 12, 2016
Employees of PR analytics innovator TrendKite will soon have a much easier time paying off their student loans and saving for retirement. Founded in 2013 and headquartered in Austin, Texas, Student Loan Genius demonstrated its platform at FinovateSpring 2016. The company has raised $3.1
Fintech Labs Insights
OCTOBER 1, 2015
In a round led by LiveOak Venture Partners, insurance technology specialist InforcePRO has closed a $4 million venture capital round. The investment takes InforcePRO’s total capital to more than $5 million. The company says the new funding will help with expansion both in the United States as well as internationally.
CB Insights
SEPTEMBER 28, 2017
Drone technology has been used by defense organizations and tech-savvy consumers for quite some time. However, the benefits of this technology extends well beyond just these sectors. And as autonomy and collision-avoidance technologies improve, so too will drones’ ability to perform increasingly complex tasks.
Social Assurance
NOVEMBER 6, 2020
Bank marketers were showcased as strategic, innovative and essential to any person with a C in their title. In this conversation, significant recognition was paid toward the impact of human capital and acknowledgment that we are, in fact, human. One of the pressing topics discussed, of course, centered on COVID-19.
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