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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. which had housed them, the news service reported.

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The 14 Biggest Insurtech Events & Conferences in 2023

Fintech Labs Insights

These are the largest events in the insurance industry geared towards technologists, program managers, marketers, developers and C-Suite execs at both legacy insurers and upstart insurance tech firms. Below is our curated list of the best global insurtech events and conferences in 2023.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

With 38 deals reported ā€“ one shy of the weekly record ā€“ fintech companies raised $303 million worldwide the first week of June. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Online insurance. HQ: Rocky Hill, Connecticut. The total number of deals YTD stands at 589, 90% more than last yearā€™s 306.

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Insuritas’ Growth Scales with the Popularity of Insurtech

Fintech Labs Insights

The Connecticut-based company announced that 2016 marked its third consecutive year of growth. Below are the company’s 2016 metrics: Its total addressable market with bank and credit union partners grew by 42.4%. Insurance marketplace solutions company Insuritas released some key growth metrics this week.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. Online accounting. Crowdforecasting future events for financial markets. million was debt.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

In May, Tencent opened an AI research lab in Seattle focused on speech recognition as it looks to apply AI research to its social media, online games, and cloud services. Investments into local funds ā€” In May, Chinese insurance company Ping An announced its new $1B Voyager Fund to make outbound investments in fintech and healthcare.

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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Onovative’s powerfully simple marketing automation software helps financial institutions meet the challenge of cross-selling current customers. Slice’s technology provides item-level purchase data across the largest base of online consumers (two million and counting). HQ: Westport, Connecticut. Why it’s great.