Lendflow announced its new Credit Decisioning Engine that enables fintechs and SaaS companies to build, embed and launch credit products.
Citi has reduced their branch network by more than 16 percent in the last two years and has plans to continue this trend; the bank has seen their retail banking revenues grow despite less branches as their digital channels have picked up the slack; digital users grew 13 percent and mobile users grew 21 percent as the company looks to expand their digital footprint; “We’re making investments in digital, and growing our franchise through digital rather than the physical footprint,” said CFO John Gerspach on an earnings call; the company has also looked to retool branches by rolling out digital aspects in the branch using computers and iPads. Source.
Brex has bought financial planning software startup Pry Financials for $90 million to beef up its software offering for early-stage startups.
LendIt Fintech News: The Global Fintech News Archive Why 2020 Is The Year For Fintech African fintech Flutterwave gets $35...
Deutsche Bank's innovation lab adds to a number of recently opened innovation labs by other large banks in New York City; the Deutsche Bank innovation lab will be looking to identify new ideas, hire talent from fintech startups, and acquire or invest in fintech startup companies; the innovation lab is Deutsche Bank's fourth in the past 18 months with other labs located in Silicon Valley, London and Berlin; a main focus of the New York lab will be testing new technology for the capital markets with a focus on artificial intelligence, cloud computing and cybersecurity; new technologies implemented from the bank's other sites include enhanced credit risk analysis software, improved network risk management and new applications for retail bank clients. Source
Challenger banks have become all the rage recently with big fundraising rounds and innovative products; American Banker takes a look...
Before leaving JPMorgan Chase their former blockchain unit lead Amber Baldet sat down with Business Insider for an interview; the...
African FinTech Chipper Cash closed a $150 million Series C extended funding round at a more than $2 billion valuation, according to media reports.
Paysend, the card-to-card pioneer and global payments platform, announced that the firm is expanding its P2P money transfer services.
Santander announced recently that it will spend €20 billion ($22 billion) on digital transformation through 2022; JPMorgan Chase has said...