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Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). One bank, New Jersey-based Millington Bank, would owe $4 million to FIS if it sold itself, the WSJ said, citing court documents.

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

Across the US, well-funded companies are rethinking how the financial system operates. Following our previous mapping of the most well funded startups in each state and most well funded food & beverage startups in each state , we used CB Insights database to identify the most well-funded private fintech startup in each state.

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Banking On APIs For B2B Innovation

PYMNTS

Banks and FinTechs have been both competitors and collaborators in the financial services space. In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. New tools for new FinTechs.

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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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7 ways community banks can boost profitability

Independent Banker

A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. There are many examples of bank-fintech partnerships. Cheryl Winokur Munk is a writer in New Jersey.

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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. Existing backers Aleph and Altair Capital provided funding as well, the company noted, adding that it will also be expanding its team with the new investment.

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