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Simple is reinventing online banking with modern web and mobile experiences, no surprise fees, and great customer service. Simplify your finances.
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Fintastico Team
6 days, 6 hours
https://cointelegraph.com/news/defi-s-money-mar...
Fintastico Team
1 week, 3 days
https://thefintechtimes.com/novus-5-reasons-why...
Fintastico Team
1 week, 6 days
https://finance-commerce.com/2021/04/fintech-st...
Fintech startups are booming
SAN FRANCISCO — In 2009, Shamir Karkal and several colleagues struggled to raise money for a banking startup, Simple. Most of the 70 venture capital firms they met over the course of a year did not see the point of the idea, he said. The few that did thought it would fail. By last year, things had changed. When Karkal set out to raise funding for his new financial technology startup, Sila, which makes regulatory compliance software, he garnered $5 million in a few months with a fraction of the pitches. He said he was frustrated it did not happen even faster. “I know folks in the space who raised rounds in less than one week,” he said. Sila is one of thousands of financial technology startups riding an investor frenzy driven by a growing realization that Big Finance is ripe for a tech makeover. When the pandemic forced businesses to speed up their usage of digital tools, including e-commerce and online banking, the demand for what is known as fintech exploded. Now startups
Fintastico Team
2 weeks, 1 day
https://businesscloud.co.uk/opinion/fintech-nee...
FinTech needs women – 5 reasons why this is the place to be
By Shruti Rai, Chief Growth Officer and co-founder, Novus
Fintastico Team
2 weeks, 2 days
https://www.nytimes.com/2021/03/29/technology/f...
Fintastico Team
1 month, 3 weeks
https://thefinancialbrand.com/108031/digital-ba...
5 Things You Must Do to Become a True Digital Banking Competitor
Functionality is the foundation, but is not sufficient to differentiate your institution. Four other user experience elements are required.
Fintastico Team
2 months
https://www.fintechfutures.com/2021/02/the-core...
The core wars - FinTech Futures
Dharmesh Mistry dives into the core banking wars. A battle for core banking software, challenging the likes of SAP, Finastra and Temenos.
Fintastico Team
2 months
https://www.fintechfutures.com/2021/02/bbva-sel...
BBVA sells Holvi business lender, invests $150m in VC fund - FinTech Futures
Spanish bank BBVA has sold its business account provider Holvi, in the same week it pumped $150 million in its VC fund Propel Venture Partners.
Fintastico Team
2 months
https://thefinancialbrand.com/107571/covid-coro...
How Banks & Credit Unions Can Build Agile Culture Out of COVID Chaos
Employees of traditional financial institutions had to learn a lot in a hurry, while being ultra-flexible. Don't throw that experience away.
Fintastico Team
2 months
https://cointelegraph.com/news/can-the-launch-o...
Fintastico Team
2 months
https://finance.yahoo.com/news/incognia-fintech...
Incognia Fintech Mobile App Study Gives Top Ranking to Chime, Robinhood and Credit Sesame for Lowest Mobile Onboarding Friction
Mobile App Friction Study highlights the need for frictionless security and customer ease of usePALO ALTO, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Mobile identity company Incognia today announced the publication of their inaugural Mobile App Report in 2021, the first in a series, that includes results from their recent Mobile App Friction Study on Fintech Onboarding. The study was conducted to provide banks, fintechs and neobanks with an analysis of the state of friction in onboarding new customers to fintech mobile apps and to raise visibility to the friction created by security and fraud controls. Mobile apps in the mobile banking, investing/trading and other financial services categories were reviewed, and included Chime, Dave, GoBank, MoneyLion, Simple, Acorns, Robinhood, Wealthfront, Credit Sesame and Earnin. The transformation of how customers choose to bank and make payments reflects one of the biggest changes in customer behavior resulting from the global pandemic. The Incognia Mobile App Report focuses on the onboarding process comparing ten of the most popular fintech apps. The report analyzes the onboarding process for customers opening a new account, considering application time, requested information, number of screens, fields and clicks required of the new user. “Nearly 2.4 billion people use their smartphones for financial services, which has only increased during the COVID-19 pandemic. As new users look to adopt mobile banking, mobile investing and financial services, the ease or difficulty of onboarding new customers becomes a differentiator for apps and a factor in overall customer experience and retention,” said André Ferraz, founder and CEO of Incognia. “Our Mobile Onboarding Friction Index provides a measure of which mobile apps provide the least amount of friction for new user onboarding.” For each app, the Mobile App Report examines and quantifies factors that contribute to friction in the user onboarding experience. Results from the Mobile App Friction Study indicate that Chime, Robinhood and Credit Sesame had the lowest Mobile Onboarding Friction Index scores, reflecting the fastest and most streamlined experience for new users. The data gathered during the analysis of each app was used to create the Incognia Mobile Onboarding Friction Index. The lower the Index, the better the onboarding experience. The Mobile App Onboarding Friction Index accounts for the following factors: Application time: The time required to submit a new account application via the mobile app, including the sign up time from the first registration screen to the last, when the application is complete and submitted. The application sign up time for each app is shown as the average of the time recorded for onboarding on both operating systems, Android and iOS.Screens: The number of screens that are presented during the onboarding process was recorded for each app, including all the screens from the beginning until the end of completing a new account application.Clicks: The number of clicks required for submitting a new account application were counted and recorded from the first until the last screen of onboarding. If any screen has the need for multiple clicks, all were counted.Fields: All fields and checkboxes that were required to be entered as part of the onboarding process were counted and included in the count of required fields.Information requested: The specific personal information items requested as part of the new account application were recorded. The Incognia Mobile App Friction Study found that Chime, Robinhood and Credit Sesame exhibited the lowest Onboarding Friction Index across the three categories of mobile banking, investment/trading and other financial services app categories. Key data points from the report include: 6 minutes: Average time to complete new account onboarding via the mobile app. Chime and Credit Sesame tied for the fastest application time of 4.5 minutes.14 screens: Average number of screens presented during mobile app onboarding. Credit Sesame required the fewest number of screens at 8 total.29 clicks: Average number of clicks required during mobile app onboarding. Robinhood required the least amount of clicks to create an account at 16 total.16 fields: Average number of fields required during mobile app onboarding. Credit Sesame and Earnin tied for the fewest number of required fields at 9 total. Download the complete Incognia Mobile App Report: Fintech Onboarding Friction Index here: https://www.incognia.com/resources/fintech-onboarding-friction-index About IncogniaIncognia is a mobile identity company that enables advanced fraud prevention for banks, fintech and mcommerce companies. Using location behavioral biometrics Incognia offers frictionless identity verification and authentication. Incognia’s location technology uses network signals and on-device sensors to deliver highly precise location information. By building an anonymous location behavioral pattern, unique for each user, Incognia creates a private digital identity for account security. Incognia is privately held and headquartered in Palo Alto, California with teams in New York and Brazil. Stay connected and follow Incognia on Twitter and LinkedIn. Media ContactMadeline Kalicka, Karbo Communications for Incognia(240) 427-8961incognia@karbocom.com
Fintastico Team
2 months
https://www.fintechfutures.com/2021/02/blackroc...
BlackRock-backed Scalable Capital closes UK consumer platform - FinTech Futures
Scalable Capital, a European robo-adviser, is set to shutter its UK service in order to focus on growing the business in Germany.
Fintastico Team
2 months
https://thefinancialbrand.com/107546/ux-banks-n...
Who Wins the UX Arms Race: Traditional Banks or Neobanks?
A study of how PNC stacks up against SoFi and Revolut for mobile account opening and other digital banking functions uncovers some surprises.
Fintastico Team
2 months
https://thefintechtimes.com/setting-sail-with-s...
Setting Sail With Smarter Technologies: How Ports and Marinas Are Capitalising on IoT Solutions | The Fintech Times
Matthew Margetts, Smarter Technologies, shares how smart technologies are helping to increase digitalisation in the maritime industry
Fintastico Team
2 months, 1 week
https://www.altfi.com/article/7536_the-rise-of-...
The rise of embedded finance: It’s the end of fintech (as we know it) - AltFi
Non-finance brands embedding financial services within their existing offerings is already happening. For example, Uber is launching a banking product built specifically for their drivers. Ant Financial, the most valuable fintech company in the world, launched a core banking product in 2019 and announced that it was applying for a banking licence in Singapore in early 2020. With embedded finance blurring the lines between traditional fintech services and other technology-enabled services, this article will look at:
Fintastico Team
2 months, 1 week
https://www.finextra.com/newsarticle/37399/bbva...
Fintastico Team
2 months, 1 week
https://yourstory.com/2021/01/entrepreneur-sham...
Entrepreneur Shamir Karkal on the origin of neo banking, Indian fintech ecosystem, and more
In this latest episode of Prime Venture Partners podcast, Shamir Karkal talks about setting up neobank Simple Finance right after the 2008 financial crisis.
Fintastico Team
2 months, 2 weeks
https://dailyfintech.com/2021/01/28/xbrl-news-8/
XBRL News from the 'hood and by the book, with tipping points - Daily Fintech
Here is our pick of the 3 most important XBRL news stories from the last week. 1 Liechtenstein adopts XBRL reporting with new taxonomy News from Liechtenstein. (Not something we see every day!) Its Financial Market Authority (FMA) has developed its own national XBRL taxonomy, including a DPM-based Table and Formula Linkbase. This will primarily […]
Fintastico Team
2 months, 2 weeks
https://thefintechtimes.com/bitwarden-five-tips...
Bitwarden: Five Tips for Credential Management in Fintech | The Fintech Times
Gary Orenstein, Chief Customer Officer at Bitwarden, shares his top considerations for fintechs to pick the best password managers.
Fintastico Team
2 months, 3 weeks
https://www.fool.com/investing/2021/01/20/this-...
A Fintech Expert Has Advice on Valuing IPOs | The Motley Fool
Brian Hamilton has launched two big fintech companies called Azlo and One. He shares some advice on how to value and view fintech companies coming onto the public markets.
Fintastico Team
2 months, 3 weeks
https://www.fintechfutures.com/2021/01/what-the...
What the Fintech? | S.2 Episode 1 | Innovation in commercial lending - FinTech Futures
Dean Snyder, executive vice president and head of business solutions at Automated Financial Systems (AFS), joins us to usher in the new year and new season.
Fintastico Team
2 months, 4 weeks
https://www.lendacademy.com/top-10-fintech-news...
Top 10 Fintech News Stories for the Week Ending January 16, 2021 - Lend Academy
In was another super busy news week with some major financings. a blockbuster IPO and a merger divorce. Here are what I consider to be the top 10 most important fintech news stories of the past week. Affirm’s IPO Takes Off Like a Rocket Ship from Lend Academy – Affirm had what can only be …
Fintastico Team
3 months
http://feedproxy.google.com/~r/finovate/~3/yDID...
Neobank News: Upgrade Checks In; Revolut in the UK; Koho Hires New CTO - Finovate
Upgrade, the neobank launched by LendingClub founder Renaud Laplanche is celebrating the one-year anniversary of its flagship Upgrade Card – and a $5 million fundraising – with a new mobile checking account. Upgrade’s Unique Reward Checking Accounts offer 2% cash back on everyday and recurring expenses and 1% cash back on all other debit charges. Read more...
Fintastico Team
3 months
https://www.fintechfutures.com/2021/01/fintech-...
Fintech funding deals globally 4-10 January 2021 - FinTech Futures
A compilation of funding deals across the fintech sector worldwide, courtesy of Tracxn, for the week of 4-10 January 2021.