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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 CNBC noted that the company will be “IPO-ready” within the next year, as projected by Chime CEO Chris Britt. billion, as CNBC reported. billion garnered only 18 months ago.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 CNBC noted that the company will be “IPO-ready” within the next year, as projected by Chime CEO Chris Britt. billion, as CNBC reported. billion garnered only 18 months ago.

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From API to UX/UI: A Preview of FinDEVr 2015

Fintech Labs Insights

Leading technology companies will showcase their latest tools, APIs, and case studies to help fintech developers optimize their innovations. FinDEVr is a great way to stay on top of the latest trends in financial technology. The post From API to UX/UI: A Preview of FinDEVr 2015 appeared first on Finovate.

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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. This figure could more than make up for the anticipated loss of NSF/OD income.

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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. Tech companies trying to support a bank stack have no easy task. They are more like investment funds than tech companies to me,” one executive concluded. Mandate #3: Build a next-gen I.T.

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The 2022 GonzoBanker Awards

Gonzobanker

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. With the recent announcement of Andrea Short as CEO of 1st Source Bank, Murphy will remain chair and CEO of the holding company. The Smarter Bank Technology Award. Goes to CSI.

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Fintech with The Jetsons at FinovateFall 2016

Fintech Labs Insights

We’ve seen authentication strategies evolve from a simple username and password to biometric technologies that leverage voice, behavioral, and facial recognition, as well as device tokenization and Touch ID to help banks increase security while decrease friction for end consumers. Collaboration.

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