Remove FDIC Remove Mobile Banking Remove Online and Mobile Banking
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FinTech LendingClub Buys Radius Bank For $185M

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LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. This is the first time a FinTech has purchased an actual bank.

FinTech 97
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Today In Digital-First Banking: FIS Fuels Rollout Of Quontic Bank Crypto Rewards Account; Aeldra Selects i2c To Power Private Banking Services

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In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account. Aeldra Taps i2c To Enable Global Banking Services.

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For America’s Unbanked, Mobile And Digital Save The Day

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FDIC) study found that the number of unbanked U.S. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement. Mobile Wallets Get Their Moment. A recent Federal Deposit Insurance Corp.

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FIS, Fiserv, Infosys In The Running For Robinhood’s Bank Business

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FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of the Comptroller of the Currency. Marcus, the online lending unit of Goldman Sachs, uses Infosys for its core banking platform, the report noted. retail consumers.

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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

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And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems. The Great Stress Test.

FinTech 94
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Consumers Still Drawn To The Branches Banks Are Trying To Shut Down

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Despite banks’ best efforts to move more of their customers online – and thus lessen the need for overhead-heavy branches – consumers are turning out to be way more into visiting the local branch than initially imagined. Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago.

FDIC 41
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Community Banks Aim To Amplify Competitive Edge With FinTechs

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With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.