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Intense competition German-based lemon.markets is one of the companies that recently raised €15 million to support the launch of its product that gives non-financial firms the ability to offer stock trading services. Synovus Bank in the US has already created a money-as-a-service offering that joins together payment processing, banking and lending solutions. Berlin-based Banxware bills itself as
SMBs are the backbone of the economy and supporting them, at speed, is crucial. As the pandemic made clear, the need for financial institutions to service customers in very different ways, at short notice, was central to the ability for SMBs to continue operating. At Fintech Talents North America, Jesse Honigberg, Technology Chief of Staff,
At Future Identity North America on May 12th, we were joined by Upendra Mardikar, CSO of Snap Finance, Denny Prvu, Global Director of IAM at the Royal Bank of Canada and Elizabeth Garber, Former VP of Digital Products at Santander. Bringing together a wealth of experience in the financial services sector and a diversity of
In March 2022 the US annual inflation rate reached 8.5% – the highest level recorded since December 1981. Inflation, together with the pandemic, and rising gas prices have taken a toll, with 47% of low-income consumers reporting in a recent study that they do not feel financially healthy. These were the sobering statistics with which
The high cost of cheap biometrics Banks and financial institutions are spoilt for choice when it comes to selecting a vendor in the remote identity verification industry. Once dominated by a handful of established firms, the sector has rapidly grown as a direct result of the pandemic increasing demand for a range of digital services.
Changing Banks’ Approach to Financial Wellness Fintechs are finally having their moment in the sun. Last year, venture capital firms showered fintechs with record-breaking funding – a 169% increase since 2020 according to CB Insights’ 2021 State of Venture Report – and that’s just the tip of the iceberg. Researchers predict funding will surge beyond
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