Startups

A Community Bank Takes on Alternative Lenders

A Community Bank Takes on Alternative Lenders

by May 28, 2015 at 11:10 am 2 comments

Small businesses are proverbially difficult for banks to serve — but don’t tell that to Hugh Connelly, president of Univest Capital, a division of Univest Bank and self-described “small business growthologist.” Univest, a $2.2-billion Philadelphia-area institution, has turned to the cloud to increase efficiency in its small business lending. For Connelly, this leapRead More

ATM-Killer SPARE Begins Beta Testing (For Real This Time)

ATM-Killer SPARE Begins Beta Testing (For Real This Time)

by May 27, 2015 at 12:22 pm 0 comments

A long time ago, in a galaxy far, far away — actually, it was just last year in Los Angeles — a startup called SPARE emerged with the mission of killing the ATM machine. Its method was to turn businesses into cash disbursement centers, starting with hotels. The idea is thatRead More

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

Dubious and Disturbing ‘Pay to Play’ in FinTech Media

by May 22, 2015 at 10:58 am 2 comments

This week, Columbia University Graduate School of Journalism, my alma mater, graduated its latest class of students. The graduation had me thinking about journalism and media ethics, and that led me to call for a public outcry over the ever-increasing “pay to play” media in fintech. You may not know this (or maybeRead More

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

Venture Funding for FinTech Climbs 62% YOY, New Data Shows

by May 21, 2015 at 11:49 am 0 comments

FinTech venture funding continues to increase. A total of $520 million was invested in financial services startups last quarter, up from $289 million during the last quarter of 2014 and $321 million, in the same quarter last year — a 62% year-over-year increase — according to new data from PricewaterhouseCoopers’s MoneyTreeRead More

Simple Shows Off Goals, Tugs Heartstrings [VIDEO]

by May 19, 2015 at 5:03 pm 0 comments

Simple shows off its savings goals in an effective and emotional video, released today. Simple, a branchless bank account, was bought by BBVA in 2014 for $117 million.

Moven Preps PayPal Integration, Global Growth

Moven Preps PayPal Integration, Global Growth

by May 15, 2015 at 11:53 am 0 comments

Moven is expanding to new geographies and increasing customers’ money movement options with a PayPal integration. Financial services these days are built on APIs, integrations, and partnerships. Which systems can you connect to make your customer’s life easier? Which partners can help you fulfill your mission of building the best productRead More

In the Bank Account of the Future, Context is King

In the Bank Account of the Future, Context is King

by May 14, 2015 at 11:51 am 1 comment

SAN JOSE, Calif. – Three companies gave Finovate attendees a look at the bank account of the future yesterday: Moven, CBW Bank/Yantra Financial, and NAMU. The second and concluding day of the conference saw 31 companies show their wares, and a major theme was providing context around transactions. As RonRead More

Purge the Word ‘Frictionless’ from Banking

Purge the Word ‘Frictionless’ from Banking

by May 13, 2015 at 8:59 am 3 comments

SAN JOSE, Calif. — It’s time to relegate the phrase ‘frictionless’ to the FinTech trashbin. It will join words such as “omnichannel,” “disruption,” and “mobilefirst” in exile. All were used so often that they lost all meaning and just plain got on everyone’s nerves. Removing friction from financial services — with orRead More

Rare Commercial RE Finance Startup Gets Funding

Rare Commercial RE Finance Startup Gets Funding

by May 12, 2015 at 10:35 am 1 comment

A rare commercial real estate finance startup scored an $8 million funding round yesterday. Credifi, an Israeli company, secured the Series A funds from Battery Ventures, Carmel Ventures, and OurCrowd. This is the only funding Credifi has completed since its launch in 2014. A few CRE startups have surfaced recently. There is Realty Mogul,Read More

Affirm Hiring Push Starts Not a Week After Raising $275 Million

Affirm Hiring Push Starts Not a Week After Raising $275 Million

by May 11, 2015 at 5:51 pm 0 comments

Well, that didn’t take long. Affirm is not a week from its $275 million round of fundraising, and already it is looking to add staff. The company this week began soliciting applications for three new positions: director of manager of consumer risk; “customer success manager”; and recruiting coordinator/junior recruiter. ThatRead More