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Top 5 Emerging Fintech Hotspots in 2018 [Page 1]

Bank Innovation

The number of financial technology companies is on a rise, and every year many of these new companies as well as established ones choose to situate themselves in cities that are not San Francisco or New York. In some cases, the establishment of one powerful player in a region automatically turns a place into a […].

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

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Earnings Roundup: Tech spend at First Republic Bank jumps 27% YoY

BankInovation

Tech spend is on the rise at regional banks as smaller institutions look to differentiate themselves in a crowded digital banking marketplace. First Republic Bank San Francisco-based First Republic Bank completed a core conversion during Q1, which bank executives last week called the largest technology project in its history.

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco.

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Redefining what it means to be a ‘community’ bank

BankInovation

SAN FRANCISCORegional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

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Uber Inks First Deal To Manage Public Transit

PYMNTS

Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times (FT) reported. Agencies have been approaching us for years now, trying to figure out ways that they can tap into the technology we’ve built within Uber,” Uber’s Reich told the FT.

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Santander InnoVentures Deepens Its Investment Expertise In North America

PYMNTS

According to a Fintech Finance report, Gottschalk will be based in San Francisco and will focus on strengthening the fund via investment opportunities in the region. Gottschalk comes to Santander InnoVentures from Blumberg Capital where he was principal for seven years based in San Francisco.

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