Gonzobanker

JULY 9, 2021

As with SoFI becoming a bank, Square filed for a charter that would essentially make it a bank. Now, if Square can translate streaming business into banking business, it may bode well for further inroads into affinity communities for the fintech. Fifth Third Bank is acquiring healthcare fintech Provide.

Fintech 197

Fintech Lending Community Payments 197

Abrigo

MARCH 15, 2022

Among top types of new systems banks seeking “Digital account opening isn’t a particularly sexy idea. It doesn’t grab the attention the way concepts like open banking or cryptocurrency do,” wrote CCG Catalyst Director of Research Kate Drew in a report. But it’s one of the most important capabilities for banks today.”

Online 195

Online Lending Survey Digital Banking 195

PYMNTS

APRIL 30, 2018

Digital banks. They’re also using software and cryptographic techniques and permissioned-based networks to digitize and move assets around the world faster and in a secure, compliant manner. Marketplace lending models were about using tech to lend money while sidestepping the regulatory burdens of being a bank.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JANUARY 20, 2021

11, with the first couple of days dedicated for community and smaller lenders such as the Community Development Financial Institutions Fund (CDFI). Approximately 60,000 loans totaling $5 billion were extended in the first week of the just reopened PPP. Small Business Administration (SBA) started the program again on Jan.

blockchain 136

blockchain Community Groups Technology 136

American Banker

JUNE 3, 2022

(..)

Digital Banking 81

Digital Banking Community Bank cryptocurrency Community 81

Gonzobanker

MARCH 9, 2022

While both firms have strong underlying technology and development shops, neither Finxact nor Technisys has the functional requirements to service all consumer and commercial account types for most regional and community banks. Let’s be clear Gonzobankers, these deals are NOT about massive numbers of bank core replacements.

Financial Technology 136

Financial Technology Technology Fintech Community 136

American Banker

DECEMBER 15, 2020

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.

Bitcoin 81

Bitcoin Community Bank Community Fintech 81

Payments Source

JUNE 20, 2019

Community bank executives, payments officials and others said Libra faces an uphill battle amid heavy competition and regulatory scrutiny.

Community Bank 71

Community Bank Community Payments Digital Banking 71

Gonzobanker

FEBRUARY 11, 2021

These days, community banks and credit unions are mostly clear about where their IT dollars went over the past few years and where their institutions will spend their technology dollars in 2021 to achieve their priorities. A Google search for “chief revenue officer in banks” resulted in 161 million hits. Money: It’s a Hit.

Lending 128

Lending Fintech Technology System 128

Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass., is not typical.

Innovation 70

Innovation Community Bank social media Community 70

Gonzobanker

DECEMBER 1, 2022

But for many community institutions that fall somewhere in between, an ATMaaS approach can alleviate the FTE demands of an often laborious and burdensome channel. The ROI for the bank isn’t going to be found in the hardware or services offered. Banks now have the ability to replace drive-thru lanes with ITMs instead of tubes.

ATM 154

ATM Resources Management Capital 154

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models.

Innovation 171

Innovation Conference Fintech blockchain 171

CB Insights

AUGUST 26, 2021

More recently, as remote workout options have grown in usage, the firm has backed digital fitness brands like fitness community Keep and at-home gym Tempo. The largest fintech deal SoftBank has backed in 2021 is cryptocurrency exchange FTX ’s $900M Series B-II in July. Digital banking.

Regional 94

Regional Fintech Analysis Company 94

Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

Trends 188

Trends Fintech social media Strategy 188

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. In the same month, small business lenders Kabbage and BlueVine both announced plans to offer banking services to SMBs.

Fintech 80

Fintech US Lending Cards 80

ABA Community Banking

FEBRUARY 3, 2021

From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends on innovative ideas and execution. The post Podcast: Empowering Bank Employees to Drive Innovation appeared first on ABA Banking Journal.

Innovation 59

Innovation Bitcoin Meeting Resources 59

Gonzobanker

DECEMBER 19, 2022

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. All of this while knocking out a stellar 1.35% ROA and leading industry, community, and philanthropic efforts everywhere. Provident Financial Services, Inc. merges with Lakeland Bancorp.

Community 216

Community Fintech Industry Innovation 216

The Financial Brand

JUNE 2, 2021

Acting chief at the national banking regulator wants to end fragmented views on financial innovation and has made CRA reform a top priority. The post New OCC Chief Targets Fintech/Banking Deals & Crypto for Scrutiny appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Fintech 43

Fintech Banking Trends Analysis National 43

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194

Fintech Community Regional Technology 194

The Financial Brand

JANUARY 24, 2022

The post New Competition Forcing Smaller Banks to Try (Almost) Anything appeared first on The Financial Brand - Banking Trends, Analysis & Insights. A big surprise is the willingness to offer crypto services. But the unwillingness to reconsider branch dependency could be a millstone.

Banking Trends 29

Banking Trends Analysis Trends Branding 29

Lex Sokolin

AUGUST 19, 2020

In a world where Facebook is creating a paytech unit focused on global commerce under David Marcus (former president at PayPal, head of Facebook Messenger for 4 years, and of course the face of Facebook’s cryptocurrency effort Libra) tells you enough about how much space will be left for B2C banking.

Comparison 52

Comparison Fintech Lending Analysis 52

CB Insights

MAY 15, 2019

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. Notable projects: GFT and digital bank Fidor AG formed an innovation partnership in 2016. Running out of the Digital Innovation Lab, the focus of the partnership is creating mobile finance and banking apps.

Innovation 78

Innovation blockchain Technology Groups 78