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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

New York 173
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Japan’s Mizuho Launching FinTech Venture

PYMNTS

Blockchain is attractive to financial companies because they are hoping the new technology will reduce the costs and complexity with international payments and securities settlements, among other things. The transaction will enable parties to exchange documents online instead of getting hard copies.

Fintech 100
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Report: Data Key To Credit Union Member Retention

PYMNTS

percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business.

Data 122
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

Apple 159
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How Have the Finovate Best of Show Winners Fared?

Fintech Labs Insights

Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Fall 2023 (New York): Chimney: Niche digital media firm, growing steadily with increased client engagement and successful marketing campaigns. Zeed: Raised $250k for its investing app.

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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? We’re taking the fintech developer tool showcase to New York March 29 & 30, 2016. Developer news: Dev Bootcamp and Metis partner with Skills Fund to broaden access to web developer and data science programs. Stay tuned for details.

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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. And we are not sure if the NCR inflow should even be considered “new money.” Camino Financial.