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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.

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Charles Potts: Fueling growth through innovation

Independent Banker

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. As a three-time participant in ICBA’s ThinkTECH Accelerator program, Ohlendorf has had a front row seat to community bank innovation through collaborative fintech partnerships.

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Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

Many individuals received the cards in unmarked envelopes and threw them out because the recipients believed they were scams or marketing offers. FinTech Galileo recently announced a debit card-issuing solution that its financial institution (FI) clients can use to supply cards to their own business customers.

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ML for driving behavior

CB Insights

We look at startups going after the retirement savings market here (some of whom have received backing from insurer CVCs). As of now, HiRoad is only available in Rhode Island, where State Farm does not have any captive agents. This can be the result of high costs and administrative challenges. Have a great weekend, Matt.

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Swipely Rebrands as Upserve to Focus Exclusively on Restaurants

Fintech Labs Insights

Marketing insights startup Swipely has rebranded to Upserve and launched some major additions to its product line. The Rhode Island-based company was founded in 2009 to “provide marketing tools to main street merchants,” and has since narrowed its focus to offer analytics tools exclusively to restaurants.

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WePay Launches in the U.K.

Fintech Labs Insights

The company has also opened an office in Providence, Rhode Island to support extended customer support hours. Along with the ease of the shared language, the country is the world’s third largest ecommerce market, claiming the world’s highest per capita ecommerce spend. is a good destination. .”