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FinTechs Aid Banks In Their Own Open Banking Initiatives

PYMNTS

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

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Arguing with a banker …

Chris Skinner

A banker and I were talking about the function of a bank. He gave me the classic view: “A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised” No it isn’t, I said. I pushed the view that the bank is there as a trusted store of value.

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CEO Davies Exits Revolut After One Year

PYMNTS

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. CoreLogic acquired digital mortgage technology provider Roostify. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration.

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How Banks Can Guide FinTechs Through Their First Economic Downturn

PYMNTS

While alternative and digital lending FinTechs can be a more agile option for borrowers, the way these FinTechs manage their own loan portfolios can become a particularly burdensome process that Diehl said threatens to take these companies’ focus away from their goal of enhancing borrower experiences, and toward back-office logistics.

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How to Establish Quality Fintech Partnerships

Abrigo

Digital Banking Report. For the employees resistant to change or feel that there is no reason to change their processes, management must explain the benefits of implementing new software. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. Credit Risk Management.

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Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customer

Bobsguide

Users will benefit from advanced treasury and risk management capabilities. Integrating the capabilities of Lozenge Analytics will allow Fusion KTP users to perform complex statistical risk calculations. Finastra adds Lozenge Analytics complex calculation capabilities to Fusion KTP for treasury customers.