Remove Fintech Remove Innovation Strategies Remove Lending Remove Technology
article thumbnail

Thai bank targets $1 billion spinoff among Its fintech units

Bank Innovation

Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetize its push into technology investment at a time of sluggish earnings from traditional lending.

Fintech 221
article thumbnail

European fintechs escape troubles afflicting established banks

Bank Innovation

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. European fintech companies raised $3.3 Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5

Fintech 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoFi acquires Galileo for $1.2B to broaden reach 

Bank Innovation

In a year of major fintech acquisitions, SoFi today announced a $1.2 Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […].

article thumbnail

How Challenger Banks Are Giving Legacy Players Key Opportunities

PYMNTS

It [pushed] us at Key to build a design center that we never had before. … [It] pushes us to buy … and acquire technology companies,” he said. Legacy Banks and the Innovation Game. We handle their payments, deposits and lending – by our nature, we cover a lot of ground,” he said.

article thumbnail

U.S. Bank Jumping Into Digital Lending With New Platform

The Financial Brand

The bank's innovative digital lending solution increases pressure on both fintechs and traditional institutions in a key battleground market. Bank Jumping Into Digital Lending With New Platform appeared first on The Financial Brand. The post U.S.

Lending 28
article thumbnail

Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

article thumbnail

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.