FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Credit Union 52

Credit Union FinTech BNPL Online and Mobile Banking 52

Stax

JANUARY 31, 2024

Visa interchange rates are the fees charged by Visa to process transactions between issuing banks and merchants. Visa sets these rates, and they’re non-negotiable for merchants. They cover the costs of managing the network, ensuring security, and facilitating the transfer of funds between banks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

Fintech Labs Insights

FEBRUARY 9, 2024

This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. We’ve been obsessed with new fintech products since before the term was invented.

Product 15

Product FinTech BNPL Credit Cards 15

PYMNTS

MAY 31, 2018

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam.

Community Banks 41

Community Banks FinTech Non-Bank Small Business 41

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. When I look at it from a U.S.

Office of the Comptroller of the Currency 43

Office of the Comptroller of the Currency Small Business Advisors Non-Bank 43

The Fintech Times

JANUARY 23, 2024

Funding and investments Ozone API, the open banking API platform, has raised a £8.5million Series A round to fund its continued global expansion. Fintex Capital, the investment firm specialising in private debt, has expanded its mezzanine financing for ThinCats , the leading alternative provider of business loans to mid-sized UK businesses.

FinTech 69

FinTech Payment APIs and Integration Agreements Finance 69

PYMNTS

AUGUST 25, 2017

With $45 million in fresh funding, Capital Float, based in India, said it is on a path to growth when it comes to small business lending. KNAB Finance Advisors. Another Indian firm, KNAB Finance Advisors, raised about $400,000 in two different funding rounds, the small business lender revealed this week.

Small Business 41

Small Business Finance Advisors Credit Union 41

Green.Money

MAY 18, 2020

This type of business knowledge usually falls on deaf ears because small business owners think they ,Know It All. They don't even think about why banks sell credit card processing but only accept check payments on their products. Never point your finger at a processor or bank if something goes wrong with a client.

Credit Cards 52

Credit Cards Checks Wire Transfer Multi-Currency 52

PYMNTS

NOVEMBER 29, 2016

To cope, consumers are using alternative sources to meet their financial needs – instead of turning to their banks. He is the CBA lead for deposits and payment issues as well as small business banking issues and manages CBA’s Deposits and Payments and Small Business Banking Committees.

Non-Bank 57

Non-Bank Small Business Regulations Innovation 57

PYMNTS

MAY 23, 2017

small businesses continue to stay confident despite the U.K.’s But analysts warn that many of the effects of Brexit aren’t likely to be immediate, and the negative implications of the deal may catch businesses large and small off-guard if they remain oblivious. and European banks,” said one banker, according to reports.

Cash Management 40

Cash Management Cross-Border Non-Bank Advisors 40

Green.Money

JULY 27, 2019

100,000 x 4% $4,000 If you are a small business doing one hundred thousand a year, that credit card fee costs you four thousand dollars a year. See, the banks don't like losing three to four percent. You can open a bank account for nothing with Bank of America, Chase, Wells Fargo, Citibank, and others.

Wire Transfer 52

Wire Transfer Credit Cards Push-to-Card Checks 52

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

Fintech Labs Insights

APRIL 4, 2016

Suite of small business tools for payroll, accounting, invoicing, payments. Banking services for the under- and non-banked. Banking services for the under- and non-banked. Tags: Consumer, investing, trading, robo-advisor, porfolio management. Consumer online investment platform.

Underwriting 18

Underwriting FinTech Online and Mobile Banking Payroll 18

Fintech Labs Insights

MAY 19, 2016

Digital banking company. Marketplace small business lending platform. Virtual assistant banking services. Crowdfunding solution for non-profits. International payment service for small businesses. Tags: Investors, advisors, traders, investing, data analytics, information, news. million ($98.3

FinTech 18

FinTech Debit Card Underwriting Non-Bank 18

Nanonets

JANUARY 17, 2024

It's like the go-to gadget in your tech toolbox, seamlessly connecting over 5,000 apps to keep your business running smoother than a hot knife through butter. For small businesses, bootstrapped startups, or anyone counting pennies (because who isn’t?), Higher learning curve, especially for non-Microsoft users.

Payment APIs and Integration 52

Payment APIs and Integration Automation CRM API 52

Tearsheet

DECEMBER 11, 2023

As challenges like data privacy, information accuracy, and bias are addressed, we anticipate that the range of use cases will expand to include more ambitious and public-facing deployments, like AI-driven financial advisors, conversational bankers, or travel co-pilots.” We’re at a tipping point for speed in payments heading into 2024.

Payments Trends 64

Payments Trends Interoperability Cross-Border Payments Cross-Border 64

PYMNTS

APRIL 10, 2017

Mastercard’s latest B2B initiative in APAC is to team with Maestrano , an Australia-based cloud platform designed for smaller companies to help integrate all of their cloud and non-cloud applications. Stéphane Ibos, cofounder and CEO of Maestrano, told PYMNTS that the particulars of SME banking in APAC must be kept in mind.

APACS 40

APACS FinTech Small Business Visa 40

Nanonets

FEBRUARY 13, 2024

Here are the essential categories that every small business should consider: Operating Expenses : These are the day-to-day expenses that are necessary for your business to function. Professional Fees : Outsourcing professional services such as legal advice, accounting, and consulting can be crucial for business success.

IRS 52

IRS Automation Adjustments Audit 52

Fintech Labs Insights

MARCH 14, 2016

It was a busy week for Finovate alums with six raising fresh cash and one being acquired: EZBOB raised $28.8 D3 Banking borrowed $4.5 million for its digital banking technology. Alt-lender for small businesses. D3 Banking. Personal and small business financial management. Source: Crunchbase.

FinTech 19

FinTech Debit Card Underwriting Point-of-Sale (POS) 19

Nanonets

FEBRUARY 13, 2024

Its broad range of tools includes AR/AP automation and data analytics, but its dedicated team of strategic advisors set it apart by offering sourcing, procurement, and payment advice to help streamline operations. The two non-enterprise tiers are: Small Business: $1,000+ per month. Medium Business: $2,000+ monthly.

Payment APIs and Integration 52

Payment APIs and Integration Cross-Border Automation AI 52

Fintech Labs Insights

JULY 14, 2016

Bento for Business landed $7 million for its digital business banking platform. Bank operating system. Bento for Business. Digital business banking platform. Payment and management tools for small businesses. Tags: Insititution, mortgage banking, brokers, process management.

Underwriting 15

Underwriting FinTech Online and Mobile Banking Debit Card 15

PYMNTS

DECEMBER 6, 2018

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their physical branch locations at the fastest pace in years, according to The Wall Street Journal ( WSJ ).

Credit Union 64

Credit Union FinTech Small Business Non-Bank 64

CB Insights

MAY 15, 2019

DBS Bank — DBS Asia X (DAX). DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Notable projects: Fidelity Charitable is a public charity that accepts non-cash financial assets.

Innovation 78

Innovation Finance Online and Mobile Banking Blockchain 78

CB Insights

JUNE 17, 2020

As NYU Stern School of Business professor and digital transformation researcher Arun Sundararajan notes: “Crisis can be… a catalyst or can speed up changes that are on the way — it almost can serve as an accelerant.”. Branchless banking. BANKING, HEALTHCARE, RETAIL SECTORS LIKELY TO EXPERIENCE SIGNIFICANT GROWTH IN CHATBOT USE.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

CB Insights

AUGUST 20, 2017

The company offers unsecured credit to underbanked Hispanic families that lack FICO scores, credit histories, and traditional banking relationships. LendUp is a direct lender that has created a way to use small loans as an opportunity for consumers to build credit and move up the financial ladder. Select Investors: BDO Universal Bank.

Underserved 60

Underserved Online and Mobile Banking Cross-Border Non-Bank 60

Finovate

APRIL 24, 2024

Here’s an overview of the new-to-Finovate demo companies currently on the roster: APIMatic APIMatic helps banks and fintechs generate ROI from their API investments via automation and AI solutions. Bloom Credit Bloom Credit helps banks and credit unions offer a deposit retention and credit building tool to their client base.

Payment APIs and Integration 59

Payment APIs and Integration Credit Union AI Advisors 59

Fintech Labs Insights

MARCH 8, 2016

The $75 million raised was the lowest total in a non-holiday week since the first week of March a year ago (who knew the 9th week was so slow?). Spending & forecasting software for small businesses. Robo-advisor software for financial institutions. UK-based challenger bank. Total raised: $16.25 million Seed.

Underwriting 18

Underwriting FinTech Accreditation P2P 18

Fintech Labs Insights

SEPTEMBER 1, 2015

Market segments include insurance, banks, telecom, utilities, and property management. additiv develops and implements digital innovations and business models for financial services providers. Alfa-Bank offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending.

Online and Mobile Banking 28

Online and Mobile Banking Card Issuer Credit Union Issuers 28

CB Insights

OCTOBER 31, 2017

So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. ” Title: Why is Finance for Small Business Still Broken? Title: Millions still in the bank, GoZoomo shuts shop, returns VC money. We never had enough money in our bank. Product: Dealstruck.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78