Remove Fintech Remove Lending Remove Oakland Remove Regulation
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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

The favored narrative about banks and FinTech startups is generally not a love story. Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Usually, it is more of an all-out war story.

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Fintech Startup of the Week: Challenger Jiko Buys a $100M U.S. Bank

Fintech Labs Insights

At one time or another, every consumer fintech company wonders if they should buy a bank. But most fintech startups want to buy a ticket to the financial rails, not a large customer base. But regulators are not exactly on board. But we haven’t seen a pre-revenue, basically a stealth fintech startup, buy a bank.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. HQ: Oakland, California. Total raised: $46 million.