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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. In 2021, there were more than 120 fintech IPOs in the U.S., Acronym of the Year – CCCA (Credit Card Competition Act). Oh, what a mere 12 months can do.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

While it’s been a tradition since the punch card days for bank executives to complain about their technology vendors, today these challenges run so deep they are threatening these institutions’ ability to survive competitively. team focused on UX, data, integration, and risk. Mandate #3: Build a next-gen I.T.

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Fintech with The Jetsons at FinovateFall 2016

Fintech Labs Insights

It’s 2016, and the red hot fintech sector has evolved immensely since Finovate first launched 10 years ago. This, combined with increased demand for alternative lending, makes lending a prime space for disruption. The post Fintech with The Jetsons at FinovateFall 2016 appeared first on Finovate. Collaboration.

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Finovate Alumni News

Fintech Labs Insights

Holvi launches new debit card, Holvi Business MasterCard. The Street: Lending Club ‘Platform Investors’ Are Slowly Returning Despite Recent Hiccups. The Street: Lending Club ‘Platform Investors’ Are Slowly Returning Despite Recent Hiccups. Ping Identity updates IDaaS Platform for Improved UX.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

With 38 deals reported – one shy of the weekly record – fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Prepaid debit card for youth. Alt-lending. Nine of the deals were for undisclosed amounts and $2 million was reported as debt.

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The 2019 GonzoBanker Awards

Gonzobanker

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 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch. Most Egregious Fintech Valuation – Chime , which went fromone funding round at $1.5

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