PYMNTS

NOVEMBER 14, 2018

Citizens Equity First Credit Union (CEFCU) of Peoria, Illinois recently announced that it would work with technology provider Stakana Analytics to pilot the company’s predictive analytics platform. Thankfully, at least one CU is turning to the alternatives: artificial intelligence (AI) and machine learning (ML) technologies.

Detroit 122

Detroit Report Analytics Illinois 122

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Montana Lending 215

Payments Source

MAY 3, 2018

Although there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

Fintech 70

Fintech Regulation Financial Technology Innovation 70

CB Insights

MARCH 13, 2019

Nuro is followed by Illinois’ Avant ($655M) and Massachusetts’ Indigo Agriculture ($617M). They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). The Innovation Scout. 12 startups on the map have raised over $100M in disclosed equity funding.

United States 78

United States Rhode Island Massachusetts Connecticut 78

Independent Banker

JANUARY 31, 2023

George Weisz, Scottsdale Community Bank But for all its embrace of technology, the community bank took its inspiration for an innovative lending program from an old-school tradition: kids’ lemonade stands. We are changing the face of business banking in Arizona by combining cutting-edge fintech technology with true relationship banking.”

Community Bank 172

Community Bank Community Phoenix Arizona 172

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. In keeping with our vision, which is to be ‘the Best Billion-Dollar Bank in the World,’ we must keep innovating to best serve our clients,” says Jeff Versluys, executive vice president and chief retail officer for OCB. What’s on the horizon for retail banking?

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

MARCH 24, 2017

Chicago’s FinTech and Payments sectors saw 32 startups in 2016. PYMNTS: What do you think makes Chicago (or Illinois as a whole) an attractive location for both entrepreneurs and investors? MH: Chicago, because of its diverse background and long history in manufacturing and development, is resulting in a wide range of innovation.

Chicago 114

Chicago United States Community Illinois 114

Fintech Labs Insights

AUGUST 20, 2015

Fintech funding records continue to fall. HQ: Chicago, Illinois. Source: Bank Innovations. Source: Bank Innovations. Source: Bank Innovations. Source: Bank Innovations. Source: Bank Innovations. The post Fintech Fundings: 25 Companies Raise $1.6 billion, from 25 companies. billion ($1.1

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

APRIL 18, 2017

In a round led by Sapphire Ventures and featuring participation from Jump Capital, advanced natural-language generation technology innovator Narrative Science has raised $11 million. Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demonstrated its Quill Financial solution at FinovateFall 2013.

Chicago 17

Chicago Illinois Analytics Data 17

Fintech Labs Insights

DECEMBER 17, 2015

A look at the companies demoing live to 1,500 fintech professionals. Why it’s great: Passport’s enterprise platform empowers cities to transform mobility through innovative mobile applications, providing secure platforms to better manage their system and easy-to-use apps for riders. degree from the University of Illinois.

Illinois 12

Illinois Florida Mobile Innovation 12

Fintech Labs Insights

NOVEMBER 23, 2015

Large swaths of cash flowed into the global fintech sector last week. HQ: Chicago, Illinois. Peppermint Innovation. The post Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20 appeared first on Finovate. Source: Crunchbase. LQD Business Finance. Online small business financing. Source: Crunchbase.

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

MAY 19, 2016

Calling the partnership a milestone and a “major innovation for the asset management industry,” Narrative Science COO Nick Beil said that the combined technology offers asset managers “a unique competitive advantage … by fully automating the process around commentary creation and distribution.”

Illinois 16

Illinois Chicago New York Management 16

Fintech Labs Insights

MAY 19, 2016

Calling the partnership a milestone and a “major innovation for the asset management industry,” Narrative Science COO Nick Beil said that the combined technology offers asset managers “a unique competitive advantage … by fully automating the process around commentary creation and distribution.”

Illinois 14

Illinois Chicago New York Management 14

CB Insights

JULY 16, 2017

XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’ board of directors. Allianz Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

Fintech Labs Insights

AUGUST 10, 2015

Envestnet was founded in 1999, and is based in Chicago Heights, Illinois. Yodlee has distinguished itself both as an innovative aggregator of data for technology companies working in the financial services space, as well as a compelling solution-builder in its own right.

San Jose 12

San Jose San Francisco Illinois Conference 12

Independent Banker

APRIL 30, 2022

A: We have been fortunate to develop deep partnerships with some great fintechs. Reynolds points to BankSouth’s focus on innovation as a contributing factor. I don’t pass an opportunity to make a pitch for innovative ideas,” Reynolds says. William Atkinson is a writer in Illinois. Ed Avis is a writer in Illinois.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

DECEMBER 24, 2019

That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one of the largest CUs around, which has been in business since 1930 (before the Great Depression reached its worst depths). Instant payments is an innovation that doesn’t require much explanation. Making Instant Payments a Hit.

Payments 134

Payments Illinois Guidelines Mobile 134

Celent Banking

APRIL 26, 2016

The TMC channel was a loyal companion during graduate school days at the University of Illinois, offering a comforting black and white backdrop to frequent all-day programming sessions, and today I frequently call on TMC to get me through my daily hour-long treadmill sessions. I'm a big fan of the old movie classics.

Chicago 100

Chicago Training Illinois System 100

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. Independent Banker named it one of the most innovative community banks because of its technology-forward attitude. Kennebec Savings Bank.

Community Bank 196

Community Bank Community National Fresno 196

Fintech Labs Insights

AUGUST 14, 2015

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Not this year.

New York City 12

New York City Company Fintech New York 12

CB Insights

MAY 23, 2019

Few places are more receptive to new ideas and innovative business models than Silicon Valley. Mozido’s fintech fraud fiasco. Rishi Shah and Shradha Agarwal founded healthcare information startup Outcome Health in 2006 while the pair were still studying at Illinois’ Northwestern University. Total Funding: $314M.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

MARCH 28, 2017

It is also worth noting that their definition of RegTech is broad enough to include not just ID verification/authentications specialists, but biometric security innovators, as well. Headquartered in Chicago, Illinois. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Raised $64.7

San Jose 12

San Jose San Diego North Carolina California 12

CB Insights

JANUARY 4, 2018

At the Future of Fintech Conference , Jonathan Larkin of Quantopian, Christina Qi of Domeyard, and Andy Weissman of Union Square Ventures discussed algorithmic training and the hedge fund of the future , and openly discussed the lack of need for MBAs. The other area that the aforementioned poll saw AI impacting in finance was trading.

Software 75

Software Compliance Training Google 75

Fintech Labs Insights

AUGUST 6, 2015

The company updated its Tracked Inventory feature last month, announced the availability of its Payroll in Xero service in Nevada and Illinois, and partnered with Midpoint Holdings to make it easier for small businesses doing business internationally.

San Francisco 12

San Francisco Nevada Illinois Guidelines 12

CFPB Monitor

JUNE 15, 2022

Additionally, a growing number of states—including Illinois , Maine , and New Mexico —have enacted anti-evasion provisions tied to their state interest rate caps, purportedly in an effort to reach non-bank participants in bank-model programs. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

FDIC 78

FDIC California West Virginia North Carolina 78

CFPB Monitor

FEBRUARY 12, 2019

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

Fintech 68

Fintech Illinois Community Financial Technology 68

Fintech Labs Insights

APRIL 26, 2016

Narratives for Power BI is the second major new innovation from Narrative Science this year. Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demoed Quill Financial at FinovateFall 2013. Download Narratives for Power BI. Notes and tips on using the extension are published at the Microsoft Power BI Blog.

Data 12

Data Pennsylvania Illinois Analytics 12

CFPB Monitor

DECEMBER 12, 2016

The announcement by the Office of Comptroller of Currency that it will allow financial technology (fintech) companies to apply for national bank charters as way of fostering “responsible innovation” has already drawn fire from the New York Department of Financial Services (DFS) and the Conference of State Bank Supervisors (CSBS). .

Innovation 60

Innovation New York Illinois Regulation 60