While America remains the richest economy in the world it is also the one where it is the most expensive...
A recent report by Bain & Company just shares how successful Amazon could be if it were to enter banking; according to the report: "We could imagine Amazon's banking services growing to more than 70 million U.S. consumer relationships over the next five years or so — the same as Wells Fargo, the third-largest bank in the US. Although many retail bankers and observers have pegged the nimble fintech start-ups as the likely disrupters, it has become clear that established technology firms pose a bigger threat.”; the CNBC article shares several of the advantages Amazon would have in banking, products they could expand into and some of the talks that are already taking place with banks. Source
The fintech news this week was dominated by the demise of Silicon Valley Bank, a fast moving story that took less than 48 hours to unravel.
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
A study of around 15,000 consumers in 15 different countries by Dutch bank ING found that the British are wary...
CIOs from regional and community banks around the country are focused on helping employees transition to working from home; yet...
Here is a multi-track podcast player of the sessions from the track SMB Fintech: New Solutions for Lending & Banking held in New York.
10x Future Technologies, founded by former Barclays CEO Antony Jenkins, is developing a cloud-based core banking system that will allow banks to hold deposits and accounts; the company believes their technology will give banks better access and insights into clients' data; this new tailored access will allow the banks to offer products that will better fit their customers' needs. Source
BM Technologies, a BaaS fintech that went public through a SPAC announced they plan to buy First Sound Bank, a community bank from Seattle.