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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. ” The Monetary Authority of Singapore determined last year that it would issue up to five virtual banking licenses to enhance competition and innovation. Winners will be announced in mid-2020.

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Perficient to Present at Fintech Generations 2021

Perficient

Perficient is excited to announce that Fintech Generations 2021 , a global fintech thought leadership event that takes place June 7-11, will feature Scott Albahary, chief strategist, financial services. Hans Zandhuis, Head of Ally Lending, Ally. Jamie Warder, EVP & Head of Digital Banking, KeyBank.

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Lending Fintechs Acquire Analytics Fintechs: So What?

Gonzobanker

Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending.

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Q2 to Acquire Cloud Lending. So What?

Gonzobanker

The mashup of transactional digital banking and digital sales is well under way in the market, as is evidenced by Friday’s announcement by Q2 of its intent to acquire Cloud Lending Solutions. Most transactional digital providers like Q2 have been developing or partnering for origination solutions.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

billion after raising $200 million in a venture funding round led by DST Global, which Chime said would be used toward growing the business and launching additional lending and credit products, as well as doubling its size to more than 200 employees and expanding its leadership team. Earlier this year, it reached a valuation of $1.5

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Vista Looks To Sell Huge Stake In Finastra FinTech

PYMNTS

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. Vista purchased DH Corp.

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Content and the Race to Stay Relevant in a Socially Distant World

Gonzobanker

CMS and digital banking – Today’s regulatory environment will not tolerate a bank sending batch content updates to a vendor using a proprietary CMS requiring lots of manual intervention. There are over two dozen digital banking and origination providers in the market. Email us for a list.