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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 year-over-year.

Trends 52
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Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List

PYMNTS

So, while seemingly paling in comparison, this week had its fair share of Sizzles — and some interesting Fizzles. Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. Restaurants.

Lending 100
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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

Deposit price comparison site. Payment security technology. Health insurance comparison site. Tags: SMB, merchants, security, payments, POS, credit/debit cards, authorization. Latest round: $56 million Debt (from Goldman Sachs). Total raised: $154.3 million ($98.3 million Equity, $56 million Debt). million ($5.82

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Fintech Fundings: 26 Companies Raise $270 Million Second Week of August

Fintech Labs Insights

Digtial currency management for small businesses. Wealth management. Financial services price comparison portal. Pindrop Security. Investor tools to manage carbon risk. Alt-credit score & risk management for financial institutions in emerging markets. Financial services comparison site.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Snoopwall landed a cool million for its security solutions. Data security for financial institutions. Loyalty card platform. Money transfer price comparisons . Credit card rewards optimization . Tags: Consumer, loyalty, payments, rewards, PFM, personal finance, credit/debit cards, spending. Trusted Knight.

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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Fintech Labs Insights

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. Cloud-based security for financial institutions. Financial services comparison site. Risk management for P2P lending. Automatic bill payment for prepaid cards.

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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

It can be a major driver of value, and banks must look at IT spending from a defensive view to include basic infrastructure building, cybersecurity, and risk management AND a revenue-building exercise driving new product development, the customer experience, and operational leverage. Technology-forward banks spend as much as 16.4%

Capital 195