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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

But in absolute terms, it also passes at least some of the smaller banking players like Commerce Bank (with a market cap of about $6 billion at this writing). Regional players like BankUnited have even smaller market caps (at about $2 billion). And CNBC notes that, conversely, the KBW Bank Index is down by roughly a third.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

But in absolute terms, it also passes at least some of the smaller banking players like Commerce Bank (with a market cap of about $6 billion at this writing). Regional players like BankUnited have even smaller market caps (at about $2 billion). And CNBC notes that, conversely, the KBW Bank Index is down by roughly a third.

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Temenos to Acquire Kony: So What?

Gonzobanker

This deal looks good for Temenos, Kony and the banking industry clients of both firms. The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million.

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The 2019 GonzoBanker Awards

Gonzobanker

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. Congrats to the DNA team for this huge win.

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The 2022 GonzoBanker Awards

Gonzobanker

Chuck Purvis, Coastal Community – Purvis waved the flag of innovation in the credit union industry, helping Coastal become famous for its usage of interactive teller machines (ITMs) and launching the Constellation Digital Banking platform. The Smarter Bank Innovation Award. Goes to Lincoln Savings Bank – Iowa (LSBX).

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