article thumbnail

Fifth Third Bank Strives to Make Cincinnati into the Next Fintech Hub

Bank Innovation

PREMIUM – Cincinnati, Ohio might seem like an unlikely place for fintech innovation to spur, but it has the ingredients to be just the right breeding ground. At least that's according to Fifth Third, one of the nation's 25 largest financial institutions, that is headquartered in the city of Cincinnati.

Ohio 207
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The ICBA 22/23 executive committee is all in

Independent Banker

Coldwater, Ohio. We must continue to fight increased regulation, specialty charter considerations and the potential for more fintech access to traditional rails without the same oversight. In addition, the ICBA ThinkTECH Accelerator is one of the best fintech accelerators you will find. Chairman Brad M. Grand Rapids, Minn.;

article thumbnail

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
article thumbnail

Democratic Senators introduce bill to close industrial loan company “loophole”; coalition of financial services and consumer organizations voice support for bill

CFPB Monitor

Because this allows a commercial or fintech company to own or acquire an ILC, the absence of consolidated supervision of ILC parent companies by the Federal Reserve Board is characterized by ILC critics as a dangerous “loophole” in safety and soundness oversight of ILC parent companies. .

FDIC 78
article thumbnail

Installment Payment Platforms Can Solve Trade Credit Problems

PYMNTS

The slow, expensive process of handling print invoices is a barrier to smooth cash flow, and small to medium-sized businesses (SMBs) can make their operations run smoother by tapping AR tools for digital payments, electronic invoices, automated processes and more. Getting paid in a timely manner is a problem that transcends industries.

Payments 100
article thumbnail

Genesis Molds Treasury Management For The Crypto World

PYMNTS

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. It’s another gap in the market giving rise to FinTech firms addressing this issue. This week, U.S.