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More Startups Should Launch in Bank Niches like Subprime Lending, Says TrueAccord CEO Ohad Samet [VIDEO]

Bank Innovation

More startups should launch in the “niche” areas of banking that incumbent institutions have started avoiding, Ohad Samet, co-founder and chief executive officer for TrueAccord, told attendees of the 2018 Bank Innovation conference.

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What Can Startups Learn from Marketplace Lending Troubles? [Video]

Bank Innovation

The marketplace lending industry is far from dead. This was the upshot from a venture capital panel at a recent Bank Innovation event in San Jose. Rather, it’s going through a reboot, which will include improved software, increased focus on regulation, and improved transparency.

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Charles Potts: Agtech’s innovation opportunities

Independent Banker

This presents an opportunity to apply advances achieved in other lending areas, especially commercial lending, to transform ag lending. Innovations like these, applied to the farming industry, can accelerate the lending process for farmers, saving them time and money. The demand is evident.

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Report: Digital ID and Video-Based KYC Help Lenders Onboard SMBs

PYMNTS

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Video-based know your customer (KYC) processes are particularly promising in this regard. Around The Digital Identity Landscape

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Weekly Wrap: PPP forces advances in automation, while Moven bails [VIDEO]

Bank Innovation

This week’s banking innovation continued to be dominated by efforts to automate the Payroll Protection Program loan underwriting — before the PPP funds ran out this week, that is. How will banks respond should more loan funds become available?

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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

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Visa’s SVP for the Internet of Things Joins Bank Innovation 2017

Bank Innovation

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Recent video footage also Read More. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016.

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