Fintech Labs Insights
OCTOBER 13, 2020
On Oct 7, Techstars hosted a virtual demo day of its special accelerator class built with help from Western Union. Description: Helps qualified & banked people without credit history establish credit and access affordable financial services. Target customers: Millennials. Their were 9 fintech companies and one healthtech.
Current
OCTOBER 20, 2020
We also have no plans to pursue our own bank charter and we’ll explain the reasons why. Growing, growing, growing… It’s been a year of exponential member growth at Current with the COVID-19 pandemic serving as an accelerant to digital banking and we are now over 1.6 who live paycheck to paycheck.
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Fintech Labs Insights
OCTOBER 17, 2020
I first heard AidBanc’s pitch last week at the Techstars/Western Union demo day, and I knew right away we had our Startup of the Week. LumoXchange participated in the FIS accelerator in 2016 ( see Demo Day pitch below ) and raised $550k (per Crunchbase). References: Demo: 5-minute demo of AidBanc prototype (26 April 2020) [link].
Gonzobanker
DECEMBER 20, 2019
The Ecosystem Award – Goes to Partners Credit Union for its collaborative member experience work with digital banking vendor Kony (now part of Temenos). The digital banking provider helped implement digital competitiveness against big banks that Partners sought. TIME TO BUILD THE SMARTER BANK.
Gonzobanker
DECEMBER 19, 2016
The Millenials as Funding Award – Goes to Dime Community Bank for attracting press attention when it appealed to hipsters in Brooklyn as a means of funding its powerful commercial real estate niche. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ).
Gonzobanker
DECEMBER 19, 2016
However, we’ve gone from spotty Siri performance and playing with Amazon Alexa with our stereo system to Bank of America predicting its chatbot, Erica, will become customers’ new financial advisor. Most Important Tech Challenge of 2017 – The urgent need to meld digital banking with digital marketing. Crickets chirping.
Fintech Labs Insights
DECEMBER 2, 2015
.” Formerly known as Smarty Pig, Social Money helps financial services companies better engage their customers by offering them savings solutions such as GoalSaver , a customized, bank-audited goal-saving system. The company’s solutions are used in more than 275 community banks and credit unions.
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