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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. That meeting four years ago led to the launch of Lead Bank’s Credit Builder Account program, which is accessed through an app developed by Self Financial, a fintech. Lee’s Summit, Mo.

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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

Fintech deals by size from May 21 to 27, 2016: Cotiviti. HQ: Omaha, Nebraska. Online alternative investments. Online tax preparation. Online investment manager. Online investment platform for secured loans. Online automobile leasing service. Total dollars raised YTD is now $15.7 Total raised: Unknown.

Company 17
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

And there are few fintech success stories bigger than 2008 alum, Credit Karma , which scored $175 million this week at a reported $3.5 Total investment into the fintech sector this week were $240 million flowing to 12 firms. So far this year, fintech has attracted $7.9 Payments gateway for online marketplaces.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2

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The Wit And Wisdom Of Investor Letters

PYMNTS

I now spend 10 hours a week playing bridge online,” he said. Payday lending – shockingly was a someone less contentious conversation – aided by Cordray’s admission that FinTech is likely to have a role in developing regulatory structures. And, as I write this letter, ‘search’ is invaluable to me.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. HQ: Omaha, Nebraska. Online accounting. Online banking services for migrants.

Company 12