Revenues in fintech are projected to grow three times faster than the traditional banking sector. Here are three ways banks can prepare for their digital future.
Financial institutions have access to a vast amount of customer data, including account information, transaction history, and credit scores. However, much of that data is siloed by different payment platforms and networks and out of reach when fraud teams need it most. Banks can address this data drought problem by finding ways to modernize their tech stack, getting creative with existing rails, and leaning on providers to gain scale.
The Silicon Valley Bank collapse highlighted the importance of a little-discussed but key feature of healthy banks and fintechs - backup servicing.
Pinwheel’s new partnership with Jack Henry will help banks and credit unions win primacy with more clients.
LendingClub reported earnings for Q4 2023 and the company beat analysts expectations both on revenue and net income.
SoFi reported financial results for Q4 2023 showing 35% revenue growth and its first ever quarter of profitability
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Plaid is becoming the glue that connects so much in financial services. Here is a rundown of just some of their recent developments.
The new Mighty Oak Visa debit card from Acorns has a solid foundation for success says a representative from long-time partner Helix by Q2. GM Ahon Sarkar said he’s not surprised by Acorns’ prosperity since the two companies first partnered seven years ago, which is an eternity in fintech.
APIs can provide banks a customer-centric transformation for enhanced user experience