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Community Banks Debut FinTech Alliance

PYMNTS

Collaboration amid competition has been a hallmark of the financial services space, as traditional financial institutions (FIs) join forces with FinTech startups. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Guidelines From The UK. and MarketInvoice.

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A community bank-fueled payments rail

Independent Banker

based banks, fintechs and more, sits on top of a payments rail operated by Payrailz, a digital payments company based in Glastonbury, Conn. American State Bank in Sioux Center, Iowa, is another CHUCK network participant. “As Jason Henrichs, CEO of Alloy Labs Alliance. The CHUCK network, which is available to all U.S.-based

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June’s Top 12 Mobile Pay Moments

PYMNTS

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. Apple Pay — 20 Months In.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Hiscox has made small investments in LevelFunded Health , a health insurance agency for the SMB market, as well as Bunker, a contract-related insurance marketplace for freelance economy businesses. Hiscox’s latest investment, Indio , provides a workflow management platform for commercial insurance brokers. Ping An/Ping An Ventures.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. But maybe only for a l ittle while , since o ne soaring IPO on a big up day in the stock market does not a unicorn exit strategy make. .

Lending 101
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Ben Pankonin named “Executive of the Year” by SPN

Social Assurance

Recognized for his role leading the Social Assurance team in providing fintech solutions in the financial industry. Pankonin joined eight other businesses and individuals who were recognized for their outstanding contributions to start-up communities in the Midwest from Nebraska, Iowa, Kansas and Missouri.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

For the 12th consecutive week, there were 20+ fintech fundings worldwide. The number of deals was inflated somewhat by the six new fintech companies launched at YC’s demo day that we had not previously covered. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Edgewater Markets.

Company 12