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

Gonzobanker

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. Twenty-two billion dollars is a monster-size deal, but at 2X First Data’s annual revenue, the price is a way lower revenue multiple than the growth-oriented digital mashups lining up in the market. Diversification versus Concentration.

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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. Rather than viewing fintechs as competitors to be feared, bankers should look at them as a means to benefit financially from BaaS. Now is the time to create a BaaS strategy.

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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. Oh, what a mere 12 months can do.

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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Perficient Bright Paths is a program designed to advance STEM education and career opportunities for underrepresented constituencies and communities. Deepti Dhar’s Bright Paths Project: Welcome to Stock Market. Bright Paths Project: Welcome to Stock Market. More About Deepti Dhar’s Bright Paths Project: Welcome to Stock Market.

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Who Owns Digital? Ugh, That’s the Problem for Bankers

Gonzobanker

financial institution executives surveyed for What’s Going On In Banking 2022 , 19% of community banks and 10% of credit unions had not launched a digital transformation strategy prior to this year, and another 15% had no plans to do so. Among 300 U.S. Finally, it’s vital that digital product managers are flexible and know how to pivot.

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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. As banks focus on speed to market, they must become more discerning about how different solutions impact the pace of delivery. team focused on UX, data, integration, and risk.

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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 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.

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