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12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

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4 strategies banks can implement to launch digital transformation

BankInovation

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. But actually, launching a digital […].

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Wells Fargo Discloses It Will Add ‘Open Fintech’ Features to Home Loan Platform

Bank Innovation

will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform. The San Francisco-based bank disclosed the plan in a job posting today. Wells Fargo & Co. The additional APIs and SDKs should allow more integrations with other technology services and applications.

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SME App Seed Gets Rid of Monthly Fee

Bank Innovation

The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free. EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers.

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Spa Gone. Now Workers Too. LendingClub Joins Bay Area Exodus

Bank Innovation

s downtown San Francisco headquarters once featured many of the lavish perks booming tech companies use to attract workers and keep them happy once they’re hired: kitchens stocked with snacks, mini-golf, a Foosball table, an in-house spa. Now the online-lending pioneer is cutting back on the amenities, and the workforce too.

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With new funding, Nova Credit to expand auto finance and mortgage businesses 

Bank Innovation

The San Francisco-based company, which partners with such large institutions like American Express, allows institutions to pull foreign credit data to develop U.S.-equivalent Nova Credit, a startup whose technology helps banks underwrite immigrants, is growing its auto finance and mortgage offerings.

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Aura is using grocery stores to market installment loans to the underbanked

Bank Innovation

For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders.