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Fifth Third’s Fintech Efforts Seen Generating $100 Million of Annual Revenue

Bank Innovation

PREMIUM - The digital and innovation strategy behind Fifth Third, one the largest regional banks in the country, is simple: build, buy, partner. That strategy has worked well for the bank.The company told Bank Innovation that it has invested $100 million in fintech over the past 22 months and that it expects to make about […].

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Bank Customer Experience Summit to address fintech strategies for customer experience

ATM Marketplace

Fintech companies are continually developing innovative strategies to reach out to a changing customer base during uncertain times. 13 to 15, will deliver multiple sessions on fintech strategies and how to use them. The Bank Customer Experience, being held in Chicago from Sept.

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University of Toronto launches fintech bootcamp to meet local labor demand

Bank Innovation

With nearly 200 startups, five major banks, 19 venture capital firms and representation from large tech companies like Google, Facebook, PayPal, Toronto is quickly becoming a center for fintech entrepreneurship.

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Centana Growth Partners closes $375m fintech fund

Bank Innovation

based growth equity firm, closed its second fintech valued at $375 million this week. The firm, which closed a $250 million fund in 2015, primarily invests in business-to-business technology companies. Centana Growth Partners, a New York and Palo Alto, Calif.-based

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Mastercard’s bet on fintech pays off with higher card spending

Bank Innovation

The company has been starting card programs for fintechs including Brex Inc., Mastercard Inc.’s s new initiative to team up with more startups on credit cards is starting to pay off. Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network.

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Thai bank targets $1 billion spinoff among Its fintech units

Bank Innovation

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending. The nation’s third-biggest lender by assets expects one of the fintech units has the potential to become a ‘unicorn,’ or a private company […].

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With Plaid, Visa embeds itself deeper into the fintech ecosystem

Bank Innovation

billion acquisition of data aggregator Plaid puts the company’s tool set at the center of financial services innovation. “Fintechs are increasingly developing on bundling and repackaging financial services payment and funds, […]. Visa‘s $5.3

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