Remove Community Bank Remove Lending Remove Payments Remove UX
article thumbnail

The BaaS Gold Rush is On

Gonzobanker

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. While customer relationships are being redefined by fintechs, there will always be a place for community banking. Early leaders like Coastal Community Bank in Everett, Wash.,

article thumbnail

Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

This deal impacts not just the payments space but the whole financial services ecosystem, and the implications will take a while to unpack. Whether you are a community bank or a fintech provider, that makes sense. In the short term, it’s hard to see why this acquisition makes things better for Fiserv’s core banking clients.

Data 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 2022 GonzoBanker Awards

Gonzobanker

Midsize bank stalwart Synovus went after the embedded finance market with the April acquisition of a 60% stake in payments processing firm Qualpay , launching Maast money-as-a-service. Acquisition of the Year: Fintech Acquiring a Bank. SoFI gets a commercial bank that brings deposits, compliance, AND business lending.

Community 216
article thumbnail

It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. The suboptimal structure of the bank tech world today has several root causes: Bank functional requirements go wide and deep. team focused on UX, data, integration, and risk.

article thumbnail

The 2019 GonzoBanker Awards

Gonzobanker

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. Accounts that maintain an average balance of at least $10,000 get paid higher rates.

Idaho 148