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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. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Response From The Other Two Big 3 Players.

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ERI CROWNED BEST OPERATIONAL EFFICIENCY SOLUTION AT THE ASIAN PRIVATE BANKER – 7TH TECHNOLOGY AWARDS

Bobsguide

ERI is proud to announce that its digital front-to-back technology platform – the OLYMPIC Banking System – has been awarded Best Operational Efficiency Solution at the Asian Private Banker-7th Technology Awards.

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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

The COVID-19 crisis is shaking up the food industry as the pandemic and customers’ fears force more such businesses to get into emerging areas, such as “contactless” food delivery. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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FinTech, Cirdan Capital Selects Axia by Profile to advance their operations

Bobsguide

Profile Software , the leading financial solutions provider, announced today the selection of Axia by Cirdan Capital, a financial technology company in the UK founded in 2014, that specialises in the issuance of structured investment products, to complete the proprietary technology of its platform.

Capital 78
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Prosper Shutting Down Secondary Market For Loans Later In October

PYMNTS

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170
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These Are Your Most Profitable Cash Management Clients

South State Correspondent

In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. We ranked the Top 20 Deposit-Rich Industries ( HERE ). The value driver in cash management is that it is usually some sort of operating account at the bank. What Industries Should You Target?

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5 Steps to Better Treasury Management

South State Correspondent

Part of this ROE value is driven by an average beta of 9 for a TM customer compared to an average beta of 50-60 for a money market or other interest-bearing deposit account. If they do market, it is to every commercial customer in the footprint, which often results in suboptimal marketing results.