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Compound data: the key to digitized lending

Bank Innovation

Aside from operations and strategy, one of the biggest reasons is limited funding or lack of timely cash flow. A staggering 90% of small- to medium-sized enterprises fail. This is no surprise given that 72% of SME loans are rejected; it takes three months for SME borrowers to get their cash; and still 52% of […].

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How Challenger Banks Are Giving Legacy Players Key Opportunities

PYMNTS

Warder recently spoke with PYMNTS about how legacy operations are approaching their innovation strategies amid the rise of challenger banks, and why the latter institutions represent a key progression for the digital banking world. Legacy Banks and the Innovation Game. .”

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Bank product development becomes a ‘game of thrones’

Bank Innovation

In a revealing Meetup fireside chat yesterday evening, Alex Sion and Rachel Moore shared details on the inner workings of Citi’s internal innovation operation, known as D10X. Look no further than Citigroup to catch a glimpse of the future of bank product development.

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How Fintechs Fight, Rent and Buy Their Way Into Banking

The Financial Brand

When neobanks and fintechs feel like they need to operate under their own national bank charter, they will get it — one way or another. The post How Fintechs Fight, Rent and Buy Their Way Into Banking appeared first on The Financial Brand.

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Finovate Fall 2016 Live Blog – Day 1

William Mills

Their API is already integrated in a few core systems and other fintech necessitates. Charlotte, NC-based tech company founded eight years ago by a 14-year FinTech veteran from FIS. operation of Russian-based company. Besides Georgia, Texas seems to be a hot area for FinTech companies. Partner with Geezeo.

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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. DBS leaders expect to see more than 5,000 people actively innovating DBS’ services and operations at DAX each year.