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Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. The subject? Trust in Banks.

Fintech 191
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Mobile Banking Apps Get a Blah Net Promoter Score From Consumers, Bank Innovation Finds

Bank Innovation

Banking consumers take a middling view of today’s mobile banking applications, according to a study by Bank Innovation. In the survey conducted this month by Bank Innovation, banking consumers gave mobile banking a net promoter score of 12, which is in the bottom 25% to 50% of all NPS scores.

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Fiserv to buy First Data – the biggest fintech deal of 2019

Gonzobanker

Fiserv acquiring First Data Corporation is a huge deal in the fintech world. Whether you are a community bank or a fintech provider, that makes sense. With Fiserv’s acquisition of First Data, Apiture would be a direct competitor to the Architect and Retail Online Banking solutions already offered by Fiserv.

Data 117
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FIs: Build For A Digital Future Or Lose Customers

PYMNTS

Those he termed “digital laggards” — FIs that have been slow to connect their card offerings to their mobile apps — have noticed more than a 50 percent reduction in their transaction spend of late. By contrast, digitally savvy FIs that had already been boosting their mobile capabilities are seeing more than a 360 percent increase.

Mobile 141
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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.

Fintech 64
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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. Oh, what a mere 12 months can do.

Community 216
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What’s Fueling Poland’s Tech Growth Engine?

PYMNTS

Growth in FinTech activity specifically has resulted in the arrival of many startups that are serving as a catalyst for innovation throughout the country. Atsora is another notable Poland-based FinTech startup that is aiming to help financial services organizations communicate more effectively with customers.

UX 100