We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of...
Why Relationships Still Matter: How Community Banks Saved The Country During Covid-19 Republic’s First Three Real Estate Offerings Have Already...
In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.
Another Profitable Year for Marlette Funding as Best Egg Surpasses $7B of Personal Loans Blockchain RegTech Startup TRM Secures $1.7...
Kreditech, looking to launch in India, partnered with Mambu and their Software as a Service banking platform; Kreditechis planning to launch in India this year with their partner PayU, the payments provider; Alexander Graubner-Müller, CEO of Kreditech, tells Banking Technology that Mambu’s cloud-native solution “easily integrates into our architecture, allowing us to quickly scale and adapt to market and consumer demands”.; this will now be the sixth country the company is in and they plan to get it up and running in the first quarter of 2018. Source.
We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of...
Tide currently has 150,000 small business accounts; now small businesses will get access to new features such as overdrafts made...
The future of lending: intuition is out, intelligence is in Noted Hedge Fund Says Crypto Hasn’t Bottomed Yet Bank of...
Mambu has launched a digital marketplace to offer cloud based apps, products and tools for banking; the company will allow for integrations to be done locally or globally; Ben Goldin, Mambu’s head of product and technology, tells Banking Technology, “the marketplace provides an opportunity to present their offerings to institutions and influencers with the Mambu engine powering a composable architecture”; current partners include Onfido, Form3, nCino, Avoka and Experian. Source.
In an interview with AltFi, Mambu CEO Eugene Danilkis explained he thinks the UK is the fintech hub of Europe; the digital banking platform sees this as the case partly because the UK government has done a great deal on bring more competition into the banking system; with the government support you have seen dozens of banking applications submitted and new entrants like Starling Bank, Atom and OakNorth have success; Mambu provides software to incumbents and startups, telling AltFi, “Incumbents will have to think like fintechs in order to develop channels of servicing clients quickly, seamlessly and creatively.” Source.