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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. The benefits of fintechs. By Elizabeth Judd. Quick Stat.

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Don't Bank. SoFi

Jeff For Banks

billion in asset Union Bank & Trust in Virginia had $1.1 Like most marketplace lenders, SoFi claims a borrower risk rating system that is better than the FICO score. How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? We don't know.

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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

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Digital Disruption

Independent Banker

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. Derivative risk management. HQ: Reston, Virginia. The post Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15 appeared first on Finovate.

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Finovate Alums Earn Spots Among UBS Future of Finance Finalists

Fintech Labs Insights

Wealthforge impressed UBS judges with its automated, integrated risk management solution for issuers and intermediaries. ” Wealthforge was founded in 2011 and is based in Richmond, Virginia. ” Wealthforge was founded in 2011 and is based in Richmond, Virginia. European fintech fans! Thiago Olsen is CEO.