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The BaaS Gold Rush is On

Gonzobanker

In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Navigating partnerships requires resources and deep integration skills.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Executives routinely compare conversions to heart surgery, and the pain threshold must be high for banks to spend precious resources on a technology change-out.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Meanwhile, the resource-intensive, human-supported model was draining Facebook’s cash, leading to the project’s eventual shuttering. From crawling financial documents to simplifying how users manage their money, chatbots are creating more efficient financial technology on both the back- and front-end.