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Why Automation is Key to Chesapeake Bank’s Innovation Strategy for 2019

Bank Innovation

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One

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European fintechs escape troubles afflicting established banks

Bank Innovation

Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 European fintech companies raised $3.3 When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders.

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Digital financial services to generate $38b in southeast Asia, study finds

Bank Innovation

Digital financial services from lending to asset management are expected to generate at least $38 billion of annual revenue across Southeast Asia by 2025, more than tripling from $11 billion in 2019, according to a new study by Bain & Co., Online lending will comprise about half that total for […].

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Where Credit Unions Invest To Get The Best ROI

PYMNTS

In many cases, it also requires partnering with emerging FinTechs that are able to quickly deliver the innovations members want most. The new service, Flex Loan, is being offered by SkyPoint Federal Credit Union and was established through a partnership with cloud-based mobile lending platform QCash Financial.

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Visa, ChargeAfter launch installment loan pilot in the U.S.

BankInovation

Visa and point-of-sale lending technology startup ChargeAfter announced yesterday a pilot of their installment loan solution for select merchants in the United States.

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Fintech Lenders Will Come Roaring Back As Economy Re-Opens

The Financial Brand

The post Fintech Lenders Will Come Roaring Back As Economy Re-Opens appeared first on The Financial Brand. While Kabbage and On Deck were bought, other players have been overcoming the COVID slump to haunt traditional financial institutions again.

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How a Small Bank’s Big Bet on Digital-Only Paid Off

The Financial Brand

Tailored high tech helps differentiate it from fintechs and big banks. The BankMD brand is thriving where Chase and others have flopped. The post How a Small Bank’s Big Bet on Digital-Only Paid Off appeared first on The Financial Brand.