Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

San Francisco 186

San Francisco Fintech Innovation Security 186

Fintech Labs Insights

APRIL 6, 2023

Are we about to see a rush of fintech startups serving the interest-sensitive small business market? Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. 95,000 6 Meow * 11 4.3%

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

JUNE 26, 2023

Are we about to see a rush of fintech startups serving the interest-sensitive small business market? Case in point: Just days after the Feds took over SVB, Mercury was in the market with Mercury Vault , offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Maybe, maybe not.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

PYMNTS

NOVEMBER 20, 2020

Consumers were already shifting an increasing number of their account management activities to online sites and mobile apps. Banks are legally required to file a closure notice — with the OCC, the Federal Reserve Board or the FDIC — at least 90 days in advance of a closure, and must notify customers within that same 90-day window.

Metro 222

Metro Massachusetts FDIC Trends 222

PYMNTS

MARCH 30, 2020

government’s $2 trillion stimulus package allows a number of entities — FDIC banks, credit unions and, most notably for this discussion, FinTechs such as Kabbage — to make loans to smaller firms. The urgency, and speed, of Kabbage’s situation comes even as the U.S. The availability of capital also may be less robust than it once was.

Lending 151

Lending FDIC Fintech Report 151

PYMNTS

SEPTEMBER 18, 2020

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 231

Los Angeles UX Cards FDIC 231

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. The score is based on VC funding, website traffic, mobile downloads, and the number of employees. The post Top 63 Online Digital Banks for U.S.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

SEPTEMBER 18, 2020

And within FinTech, that most incandescent of sectors, things might look a bit, well, frothy. This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

Jeff For Banks

MARCH 3, 2018

More talk about fintech, dinosaur bankers, and flavors of the month. When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. mobile phones, yeah, mobile phones". Online book stores. In 1998, they decided "why don't we sell everything online?" or Idea Killers?

Apple 65

Apple Millennials Massachusetts FDIC 65

CB Insights

JANUARY 5, 2021

In contrast, online banking in the US has surged with 73% of consumers using it regularly, up from 46% in 2010. . Seniors in the US remain largely disconnected, with a third of those aged 65+ saying they never go online, according to Pew Research. Source: FDIC. For more, take a look at our State Of Fintech Q3’20 report.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

OCTOBER 29, 2018

Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. Apple … and the iPhone Customer.

Payments 196

Payments Google Apple Innovation 196

Fintech Labs Insights

MAY 24, 2021

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Security features (account freeze, real-time transaction notifications, FDIC insured). Learn More at Lili all-in-one mobile banking service. Limitations: Mobile-only. marketplace. No rewards.

Taxes 15

Taxes United States FDIC ATM 15

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). (See See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010. FDIC-insured deposits largely solve this problem for banks.

Community Bank 70

Community Bank Community Lending FDIC 70

CFPB Monitor

OCTOBER 10, 2019

A group of small businesses and their individual owners have filed a putative class action lawsuit in a New York federal district court against online lender Kabbage, Inc. Celtic could not make and keep the loans on its balance sheet because they would create an unacceptable risk under FDIC regulations. Concepcion , 563 U.S.

Massachusetts 84

Massachusetts California New York Utah 84

Fintech Labs Insights

MAY 24, 2021

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Security features (account freeze, real-time transaction notifications, FDIC insured). Limitations: Mobile-only. Relatively tight limits on mobile check deposits. marketplace. in Apple store, 4.5

Taxes 15

Taxes United States FDIC ATM 15

Fintech Labs Insights

APRIL 18, 2017

Finovate Debuts : unblu Delivers an In-Person Customer Experience Online. MaxMyInterest members gain access to increased FDIC insurance and competitive yields on cash balances courtesy of new partnership with UFB Direct. Around the web. This post will be updated throughout the day as news and developments emerge.

FDIC 19

FDIC Customer Experience Digital Banking Online 19

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

Cards 101

Cards Lending Strategy US 101

Bank Innovation

APRIL 9, 2018

Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching out to certain customers to add certain banking features PayPal is offering. Through the PayPal digital wallet, the payments platform is offering Federal Deposit Insurance Corp.

Cards 249

Cards Payments Report Company 249

PYMNTS

OCTOBER 28, 2019

Small business (SMB) online lending company BlueVine is expanding its financial services with the launch of BlueVine Business Banking. The service supports one-minute online account opening, and allows small business owners to access an online dashboard through which they can view transaction activity, make payments and transfer funds.

Cards 101

Cards FDIC Meeting Online 101

William Mills

SEPTEMBER 9, 2016

An App Store for FinTech applications. Working for the past 6 years with many banks to design their online experience. Seamless, consistent experience from computer, mobile phone to physical location. Showing two different types of customers and how one person sees his online experience. 10% of mobile banking U.S.

social media 40

social media ATM Mobile Customer Experience 40