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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. We have been focused on growth instead of innovation,” wrote Josh Reich, Simple ‘s chief executive officer and co-founder, in a blog post cited by the news report.

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6

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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. According to The Wall Street Journal , the U.S. Baker Hill. www.bakerhill.com. AI Foundry.

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Retailers Look To Digital Technologies After Beating The Street

PYMNTS

As quick-service restaurants (QSRs) look to the future, digital innovations such as self-serve kiosks and delivery are on top of mind. Management noted on the conference call with analysts following the earnings report that there was a “positive comp gap” between the company and quick-service restaurant peers of as much as 270 basis points.

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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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Square Goes Cardless, Samsung Gets Retinal And Gmail Goes Mobile

PYMNTS

That is the big question, which hinges on whether or not customers are as comfortable using a feature they’ve probably used a million times online in the physical store. The marketing blitz got underway this summer, mainly centered in the Pacific Northwest, particularly Portland. Finally” seems to have been the collective response.

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

Fintech Labs Insights

billion) went to three online lenders (Sofi = $1 billion, Avant = $340 million, Dianrong = $220 million). HQ: Portland, Oregon. HQ: Portland, Oregon. Mobile investment research & management tool. Microfinance management for the institution. Source: Bank Innovations. Online small business lender.