Credit Karma is seen as one of the hottest fintech startups in the world and a potential 2020 IPO candidate;...
Beneficial has long used personal touch in banking, with a new age of banking upon us the bank is looking...
According to AltFi Starling Bank is using their deposits to fund consumer loans originated by p2p lending platform Zopa; while...
Payments fintech Marqeta’s valuation could reach as high as $8bn when the company goes public in early 2021; the company...
American Banker has compiled a list of some of the key trends in banking that will define what banking will...
Online small business lenders use digital and direct marketing to help find new customers but the best way to grow...
One of the highlights of LendIt Fintech USA every year is our Industry Awards Dinner which will take place on...
Fidor Bank saw in 2016 that incumbent banks were beginning to buy up and partner with fintechs because they needed to stay competitive; other digital banks do not share this view as Starling Bank issued a report back in September saying that collaboration with main street type banks will help to erode what fintechs are attempting to disrupt; 2017 looks to be a pivotal year for partnerships as big banks, regional banks and community banks are all moving in the direction of utilizing different aspects of new innovation. Source
A survey of 70 traditional UK financial services firms by Mayer Brown has quantified the benefits of fintech partnerships in the financial services industry; 100% of survey participants said they would purchase a product or work directly with a fintech company over the next three years and 49% of respondents said they were currently working with a fintech firm in a joint venture partnership; other highlights from the survey report found that 87% of respondents could reduce costs after a fintech partnership, 83% of respondents were able to refresh their brand and 54% of respondents increased revenue. Source
Online lending has been maturing the last few years with more companies reaching scale and some beginning to be profitable; banks have diversified their partnerships with online lenders and in some cases have launched their own online brands; one of the big shifts in the last few years is that banks and fintech companies are not seeing each other as enemies anymore, they can and do exist together through a number of different means. Source.