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Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Companies including Fiserv, Fidelity National Information Services (FIS) and Jack Henry & Associates control the majority of the core banking services market, linking financial institutions and FinTechs to infrastructure to run their own banking operations. ” Fiserv, FIS and Jack Henry have secured 90 percent of U.S.

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How to collect positive customer reviews

Independent Banker

Customers do their due diligence to make decisions that are important to them, especially their financial security. For example, making sure that each branch’s phone number and hours of operation are correct on review sites, and if a branch has to close early or open late, quickly update it at least on the Google landing page for that branch.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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How Cross River Bank Keeps Cash Flowing

PYMNTS

Some companies, like Cross River Bank of Teaneck, New Jersey, have launched services to ease consumers’ access to physical cash notes by tapping into the convenience of the existing financial infrastructure. Other uses include social benefits disbursement, such as Social Security payments. commerce today.

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Banks Voice Concern Over Data Flow To India’s FinTechs

PYMNTS

Data is everywhere, and amid headlines trumpeting collaboration between FinTech and traditional FIs, there are indeed some possible stumbling blocks about who has access to what when it comes to consumers. s High Street banks have been banding together to oppose FinTech efforts in India to collect customer data. billion valuation.

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B2B FinTechs Overcome Pandemic VC Slump

PYMNTS

New Jersey’s Buckle is an InsurTech company focused on arming the gig economy, including rideshare providers, with access to total insurance coverage. based small business lending platform iwoca, which secured $131.45 earlier this year. also participated. One of the largest investment rounds this week landed at U.K.-based

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Newborn Unicorns: Meet The New Class Of $1B+ US Startups

CB Insights

Last quarter, the US unicorn “birth rate” ticked up significantly as 9 new VC-backed companies reached $1B+ valuations (compared to only 3 companies in Q1’17), the highest quarterly total since the close of Q3’15, according to our Q2’17 Venture Capital Funding Report with PwC. AvidXchange. Valuation: $1.4B.

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