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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Response From The Other Two Big 3 Players.

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. The other is the latest technology. Louis, specifically, is very overbanked.”.

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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

Mutual insurance provider Shelter Insurance — based in Columbia, Missouri — unveiled plans to improve the notoriously slow claims payout process with the debut of a digital claims payment feature on its online and mobile offerings, in partnership with Commerce Bank. trillion insurance claims market.

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William Mills Agency Adds Mary Curtis, Angelo Jones, Alyssa Maker, Jacob Hamilton

William Mills

William Mills Agency , a premier financial public relations and content marketing services company, has hired Mary Curtis as senior account agent; Angelo Jones as account associate; Jacob Hamilton as account coordinator; and Alyssa Maker as digital marketing coordinator.

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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Two Finovate alums scored big rounds: Zooz raised $24 million for its payment technology. Digital banking company. Latest round: $40 million Debt (Silcon Valley Bank). Digital bank. Payments technology. Digital banking company. Louis, Missouri. Total dollars raised YTD is now $14.3