Chinese commercial banks are beginning to see how much fintech can benefit them as they increase their spending and start...
For too long small businesses have suffered a lack of access to capital. Now, banks and fintechs are in a unique position to combine their strength to help provide financing in underserved communities
Point of sale business credit provider Behalf has partnered with community bank FinWise Bank; FinWise Bank will support expanded credit financing and product offerings for Behalf; according to Behalf CEO and Co-Founder Benjy Feinberg, "Partnering with FinWise allows us to expand our product offering and serve more customers with financial tools that help them grow." Source
PwC has released a global report on fintech; says financial institutions across the world could lose 24% of their revenues to financial technology companies over the next three to five years; among other statistics, the report also finds that 82% of respondents plan to increase partnerships with fintech firms over the next three to five years to manage new innovation and market competition. Source
Credijusto, a leading Mexican small business fintech paid $50 million to buy Banco Finterra in June. Co-CEO David Poritz wrapped day one of the LendIt LatAm keynote section, discussing what it was like as the only neobank holding a banking license in Mexico.
According to a new survey by LightStream 75 percent of respondents plan to pursue a home improvement project in 2020...
Chris Skinner writes about the five phases in the development of the fintech industry; phase one was from 2005-2014 and...
It was a big year for bank/fintech M&A as many of the large financial firms that had been sitting on...
Jane Gladstone was recently named President of Promontory Interfinancial Network and has been at the forefront of fintech since the...
ApplePie Capital has received endorsement from Fifth Third Bancorp as more large banks take an interest in marketplace lenders; Fifth Third Bancorp participated in a funding round that resulted in a $16.5 million investment for ApplePie Capital; Lend Academy provides details in their article; the funding will help ApplePie Capital continue to improve its market positioning; it currently provides loans for franchisees affiliated with its 40 franchise brand partnerships. Source