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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. Reports said the bank’s digitization effort aims to enhance its SMB, corporate and retail operations.

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Watson Tools Are Coming to Fintech Developers

Bank Innovation

The company today announced the launch of IBM Cloud for Financial Services, which will give fintechs and large FIs access to IBM APIs and data in order to ­­­­­­­­­­­­build apps quickly and at scale. IBM’s cognitive platform is opening up its doors to financial services developers.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. Two AI tools in the wild: Bankwell , a Connecticut bank, is piloting an AI tool to help small business owners apply for loans at whatever time works for their busy schedules.

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Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

In this week's roundup of bank-FinTech collaboration and open banking initiatives, Citi embraces the unlocking of account data to third-party FinTechs, while WEX weighs in on opportunity for banks to take advantage of partnerships. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

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JPMorgan Chase To Buy Boston FinTech 55ip

PYMNTS

Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. The Outsourced FinTech Opportunity. The industry is moving in the right direction, and the tools and resources are there to make it happen.”.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people.

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