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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

While many credit unions had already begun implementing digital technologies before the health crisis began, they were forced to radically accelerate their efforts after stay-at-home and social distancing protocols gave them little choice. It will allow the institu tions to use one solution for the entire process.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

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Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News

PYMNTS

Inside Synchrony Financials’ AML Playbook (Feedzai Digital Banking Tracker). Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI). Fun, Cool, and Otherwise Interesting.

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

HQ: Houston, Texas. Digital bank. Covercy Technological Trading. Tags: Consumer, bank, mobile, challenger, neo-bank. Source: Crunchbase. UniRush (RushCard). Prepaid card issuer. Latest round: $15 million Debt. Total raised: Unknown. Source: FT Partners. Marvelstone Tech. Latest round: $12.4 million Seed.

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Fintech Fundings: 22 Companies Raise $160 Million Week Ending March 11

Fintech Labs Insights

D3 Banking borrowed $4.5 million for its digital banking technology. Smart receipt technology. HQ: Houston, Texas. It was a busy week for Finovate alums with six raising fresh cash and one being acquired: EZBOB raised $28.8 million for its SMB alt-lending service. Total raised: $355,000. Source: Finovate.