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SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

Now in its 23 rd year, the conference featured more than 20 technology providers and rallied together innovators from across the globe to discuss how financial institutions can better engage with business customers… and the timing couldn’t be better. Think Quicken Loans® on steroids but for small business lending. www.miradortech.com.

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CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

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Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

Alt-consumer lending. HQ: Portland, Oregon. HQ: Portland, Oregon. Peer-to-peer lending marketplace for small businesses. Mobile investment research & management tool. Tags: Credit, P2P, lending, underwriting, investing, SMB. Total raised: $1.75 billion (at least $400 million is debt). Total raised: $1.43

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Fair CEO: Why Cars-As-A-Service Is The Future Of Driving

PYMNTS

Fair isn’t in the business of lending money to consumers to buy cars. The supply is managed through a network of local dealers, and when the car has lived out its useful life, it is liquidated. It’s a big aspiration, and time will tell if Fair will play out in Peoria as well as it does in Portland.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In the past 20 years, arguably the investment side of the insurance business has seen the most innovation. A classic case of Innovator’s dilemma. billions.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending.

Company 12
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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

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