VCs Love Challenger Banks
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Challenger banks are all the rage these days. Countless news stories speak of how they are disrupting traditional banking. And they are raking in the dough from venture capitalists.
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Fintech News Stories
Mega-Rounds Drive Fintech Investment in 2019
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It was a mixed bag for fintech funding during Q2, according to the most recent CB Insights Global Fintech Report released this week. On the positive side, there were 25 mega-rounds (i.e., rounds of over $100 million), which helped drive global fintech investment.
Read MoreInvestment in Fintech Keeps on Rollin’
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Despite persistent talk of a fintech bubble, interest in fintech (and more importantly, investment in fintech) shows no sign of slowing down anytime soon.
Read MoreWhat Exactly do Millennials Want?
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Financial services companies have now spent the better part of a decade desperately trying to figure out what millennials want and how to give it to them. What’s the lesson?
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You Down with DBP? Yeah, You Know Me!
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Financial service firms have expressed greater interest in digital innovation, but can they make the shift?
Read MoreTipping Our Hat to the Disrupters and Trailblazers
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We were delighted to attend the MassChallenge FinTech Finale last week, where we met up-and-coming firms looking to disrupt the space and change finance for the better.
Read MoreTech and the Savings Crisis
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There is a savings crisis in America; half the population has less than $500 in a savings account, and 80 percent of Americans report that they live paycheck to paycheck. Some fintechs have responded to this and successfully lured some deposits away from traditional banks by offering high-yield savings accounts in an attempt to win new business.
Read MoreConnecting the Global Fintech World
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Recently, we touched on how several hot European fintechs have set their eyes on the U.S. market, and now a major U.S. player is moving in the other direction across the pond. This week, Plaid said it is launching in the UK as part of a planned global expansion.
Read MoreThe German Fintechs Are Coming
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Germany has one of the most robust and innovative fintech sectors in the world. A big reason is that the country has a regulatory landscape that seeks to work with and incubate start-ups, as opposed to stifling innovation. A number of German challenger banks and fintech firms have made waves over the past few years.
Read MoreFintechs and Financial Institutions: Together Forever?
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In the early part of this decade, fintechs were viewed by some traditional financial institutions as barbarians at the gate, eager to take customers away. Fintechs, for their part, frequently talked about “disrupting” the financial industry and doing things digital-first, not being held back by legacy technology or processes.
Read More5 Companies to Watch at This Year's FinTech Innovation Lab New York
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This month marks the start of the ninth year for FinTech Innovation Lab New York. The 12-week non-profit program is designed to put the focus on the country’s most ambitious, budding fintech companies. The event is also somewhat of a matchmaking exercise, as growth-stage companies meet with VCs and financial services execs for in-depth business and product development consultations.
Read MoreHalcyon Days for Fintech Deals
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Fintech M&A has continued at an unprecedented pace, with 2019 shaping up to be the biggest year yet in terms of total deal value. The activity comes not only from private equity firms making investments in start-ups, but also from legacy financial technology vendors and financial firms acquiring innovative fintechs as a way to add to their own tech capabilities.
Read MoreLondon as the New Fintech Unicorn Hub
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London is one of our favorite cities — you simply can’t beat a freshly poured Samuel Smith’s at the Chandos upstairs opera room, among many other delights. And it seems the fintech world is coming to the same conclusions.
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