Bank Innovation

NOVEMBER 22, 2019

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 […].

Fintech 221

Fintech Lending Technology Company 221

PYMNTS

FEBRUARY 23, 2020

To offer expanded services as it pursues a digital innovation strategy of harnessing partnerships to provide an enhanced customer experience, Fifth Third is teaming with Fundation for small business loans. Companies that lack access to capital are not able to grow their operations or have had to cut their headcounts.

Customer Experience 130

Customer Experience Innovation Strategies Guidelines Meeting 130

Bank Innovation

AUGUST 16, 2019

-based peer-to-peer lending platform, hit a $10 billion milestone in loans to small- to medium-sized (SME) businesses on Thursday. The nine-year-old company plans to continue to develop its “partnership strategy,” Bernard Martinez, U.S. managing director at Funding Circle, told Bank Innovation. In the U.S.,

Strategy 150

Strategy Lending Innovation Management 150

BankInovation

JUNE 26, 2020

Payability, a digital SMB lender, has seen its lending portfolio surge 50% since the start of the pandemic, CEO Keith Smith told Bank Innovation. The company offers an invoice factoring product that pays clients’ invoices up front in exchange for a portion of the total.

Lending 98

Lending Innovation Company Customer Experience 98

Bank Innovation

DECEMBER 24, 2019

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.

Banking 2020 341

Banking 2020 Cards Payments Company 341

BankInovation

JULY 29, 2020

Enova International announced yesterday it will acquire the small business lending fintech OnDeck for “approximately $90 million” in a deal the companies expect to close this year. This year continues to see major fintech acquisitions. In a year that has seen major deals like Visa acquiring Plaid for $5.3

Fintech 64

Fintech Lending Company Innovation Strategies 64

BankInovation

JULY 14, 2020

The Australian point-of-sale lending company, which launched online in the U.S. Afterpay is heading into brick-and-mortar stores in the United States. in 2018, announced the expansion into physical stores today.

United States 64

United States US Retail Apple 64

Bank Innovation

MARCH 31, 2020

employees, according to a company spokesperson. The company also said it is closing its Bangalore office, while the executive team is taking a considerable pay cut.? Kabbage told Bank Innovation earlier this month the company had more than 500 employees. The company didn’t […].

Innovation 259

Innovation Company Innovation Strategies Strategy 259

PYMNTS

AUGUST 22, 2019

It [pushed] us at Key to build a design center that we never had before. … [It] pushes us to buy … and acquire technology companies,” he said. We handle their payments, deposits and lending – by our nature, we cover a lot of ground,” he said. What I think these FinTechs can do is focus on one area.

Innovation 109

Innovation Digital Banking Fintech US 109

Bank Innovation

MARCH 12, 2020

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

Digital Banking 359

Digital Banking Payments Fintech Mobile 359

Bank Innovation

FEBRUARY 25, 2020

Intuit, the business and financial software company behind TurboTax, QuickBooks and Mint, plans to buy personal finance platform Credit Karma for $7.1 billion, the companies announced this week.

Software 259

Software Data Company Customer Experience 259

Bank Innovation

JANUARY 15, 2020

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. The biggest U.S. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co.,

Marketing 347

Marketing Cards Payments Company 347

Bank Innovation

MARCH 27, 2020

While financial services companies large and small scramble to cope with the economic fallout of the coronavirus pandemic, there may be a silver lining to the gloom, according to Delos Advisors.

America 259

America Management Company Innovation Strategies 259

Bank Innovation

FEBRUARY 23, 2020

Earnest, a student loan startup that was acquired by the student loan servicing company Navient in 2017, is turning to industry associations to boost customer acquisition.

Resources 243

Resources Industry Technology Company 243

Bank Innovation

JANUARY 23, 2020

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The competing companies are listed below.

Innovation 221

Innovation Seattle Fraud Technology 221

Bank Innovation

DECEMBER 11, 2019

The company, which has been outspoken about its pursuit of a bank charter, is trying to move beyond loans and become a digital bank for small businesses. Small business lender OnDeck is making a pitch to Main Street. CEO Noah Breslow called the target customers “mom and pop, main street small businesses” with less than […].

Maine 312

Maine Digital Banking Company Customer Experience 312

Bank Innovation

MARCH 27, 2020

Attorneys for users who are suing the beleaguered online brokerage company asked a federal judge in Florida to order Robinhood to […]. Robinhood Financial Inc.,

Florida 284

Florida Online Marketing Company 284

Bank Innovation

APRIL 7, 2020

Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […]. In a year of major fintech acquisitions, SoFi today announced a $1.2

Financial Technology 259

Financial Technology Innovation Fintech Technology 259

Bank Innovation

APRIL 2, 2020

Representatives for venture-backed startups are pushing for the companies to get access to $349 billion in small business loans authorized by Congress as part of its economic relief plan for Covid-19. So far it appears that many such businesses won’t qualify.

Company 259

Company Innovation Strategies Strategy Innovation 259

Bank Innovation

FEBRUARY 16, 2020

based company reported continued growth of its next-generation banking platforms, along with its new agreement with PayPal allowing consumers of client institutions that participate in FIS’ Premium […]. In a fourth-quarter earnings call last week, the Jacksonville, Fla.-based

Jacksonville 259

Jacksonville Tools Technology Report 259

Bank Innovation

FEBRUARY 12, 2020

The San Francisco-based company, which partners with such large institutions like American Express, allows institutions to pull foreign credit data to develop U.S.-equivalent Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings.

San Francisco 259

San Francisco Data Technology Company 259

South State Correspondent

SEPTEMBER 20, 2022

It was agreed that too many lines of business, such as treasury management, commercial lending, and commercial deposits, are not utilizing their marketing departments enough, given the tremendous value of their products. We detailed the cost of this is about $155 per 1,000 data elements , and provided a list of companies to use.

Conference 195

Conference Marketing social media Data 195

Bank Innovation

APRIL 6, 2020

We have companies that would fall into the category of benefiting from the [SBA] program,” said Karim Gillani, general partner at the Luge […].

Capital 259

Capital Company Innovation Strategies Strategy 259

Bank Innovation

JANUARY 6, 2020

It’s a nod to growing number of community and smaller institutions that see the human element as a differentiator in competing with digital-only startups and well-heeled large companies that are pitching digital-only […].

Community 243

Community Regional Technology Company 243

Bank Innovation

MARCH 4, 2020

Payitoff, a white-label platform that provides automated guidance on student loan repayment, won the 2020 Bank Innovation Ignite DEMOvation contest.

Innovation 243

Innovation Company Customer Experience Innovation Strategies 243

Bank Innovation

DECEMBER 9, 2019

The three-year-old company, which is reportedly valued at $2.6 Corporate card and financial product startup Brex is best known as an enabling platform for businesses, with a focus on startups. billion, initially spread the word about its offerings through word-of-mouth referrals. But that’s quickly changing.

Branding 221

Branding Cards Report Company 221

Bank Innovation

MARCH 4, 2020

With the win, Payitoff has been awarded an advertising package on Bank Innovation worth $10,000. We liked that the company was addressing a real, […]. Rodrigo Suarez, principal of INV Fintech, moderated the startup pitch competition. “We

Innovation 195

Innovation Fintech Company Customer Experience 195

Bank Innovation

MARCH 24, 2020

billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility. Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6

Marketing 199

Marketing Capital Cards Report 199

Bank Innovation

SEPTEMBER 6, 2019

This week, the New York-based company confirmed a $25 […]. As banks increasingly take transactions to digital channels, the process to acquire customers also is shifting online thanks to technology that matches product offers to customers based on data.

New York 170

New York Online Data Technology 170

Bank Innovation

AUGUST 14, 2019

European fintech companies raised $3.3 When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

Fintech 170

Fintech Financial Technology Capital Online 170

Bank Innovation

JULY 23, 2019

The obstacle for many of these companies is big banks’ reluctance to approve loan applications from small businesses, particularly since the last recession. For small businesses looking to grow, access to capital is critical for success.

Capital 170

Capital Company Innovation Strategies Strategy 170

Bank Innovation

JULY 23, 2019

The obstacle for many of these companies is big banks’ reluctance to approve loan applications from small businesses, particularly since the last recession. For small businesses looking to grow, access to capital is critical for success.

Capital 170

Capital Company Innovation Strategies Strategy 170

Bank Innovation

OCTOBER 10, 2019

The hire comes at a “critical stage” in the company’s growth journey as it extends its reach to […]. Sunil Chandra, who was appointed this week, most recently served as vice president responsible for global talent acquisition at Google.

Google 150

Google Digital Banking Company Innovation Strategies 150

NCR

MARCH 15, 2016

We also scrutinize revenue projections based on a variety of business and market factors such as consumer demand and the entrepreneur’s go-to-market strategy. One aspect that is often overlooked is how the company will reach its customers. In today’s world, banks base their lending on the most recent tax returns. Conclusion.

Taxes 40

Taxes CA Lending Strategy 40

BankInovation

SEPTEMBER 8, 2020

Payments companies Stripe and PayPal have tapped executives from incumbents while fintechs specializing in underwriting bolstered their executive teams. There were a handful of prominent staffing shuffles in August within the banking and fintech space, as the fallout from the coronavirus pandemic begins to settle in the U.S.

Fintech 94

Fintech Payments Company Innovation Strategies 94

BankInovation

AUGUST 11, 2020

The company is already the largest U.S. The credit-card giant is in advanced talks to buy Kabbage Inc., a person familiar with the matter said, a deal that would make AmEx a bigger lender to mom and pop shops. provider of credit cards to those […].

Cards 78

Cards Company Innovation Strategies Strategy 78

BankInovation

MAY 6, 2020

Google Cloud is the latest company to enter the Paycheck Protection Program frenzy as the tech heavyweight unveiled a trio of tools backed by artificial intelligence May 1.

Google 72

Google Tools Company Innovation Strategies 72