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Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

Two co-founders of Google Pay in India have raised $13.2 Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

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How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking

PYMNTS

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

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Breaking Payments Stereotypes And Finding New Commerce Avenues

PYMNTS

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. Data: $800 billion+: Market cap of Google parent Alphabet. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases.

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Upstart, Millennial Lender, Closes $32M To License Its Tech To Third Parties

PYMNTS

Upstart , an online lending company, just announced its $32 million round of funding. Upstart’s CEO Dave Girouard, who served as the former president of Google Enterprise, discussed the company’s value proposition with TechCrunch and how the company differentiates itself. This brings its total amount raised to $85 million.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes.

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. All customers want convenience, but the focus among millennials is particularly strong.

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Voice-Activated Tracker: Echo Show, The Speaker Who Would Be King

PYMNTS

While Google, Lenovo, LG and others are already or soon look to hold their own in the burgeoning AI personal assistant market, new research from eMarketer indicates that it’s Amazon’s for the taking in 2017. percent of market share by year’s end, followed not so closely behind by Google Home, with 23.8

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