Commerzventures, the investment arm of Commerzbank, one of Germany’s largest banks, is no stranger to fintech startups. Its activity puts most U.S. rivals to shame, and now the Frankfurt-based bank has established its venture funding strategy: invest in late-stage startups, and, if possible, co-lead Series B rounds, like the oneRead More
Post Tagged with: "cloud banking"
It’s become a quarterly ritual: Capital One CEO Richard Fairbank eloquently speaking to the importance of digital banking. We’re not complaining — Fairbank is right, and other bankers should be listening. On yesterday’s earnings call for the McLean, Va.-based bank, Fairbank called digital “a centerpiece of that entire strategic agenda.”Read More
Here’s a quiz for you: Which commands a greater price today: A) a financial product; or B) the distribution of that financial product? If you answer B, then you were right — or you work at Xignite. Xignite, which is raising a new round of funding, has made its business beingRead More
More and more banks are looking to the cloud to solve their technology needs, and Q2 Holdings Inc. seems to be benefiting. Cloud-banking provider Q2 announced this week that it has signed its largest-ever client, San Francisco-based First Republic Bank, which has $51 billion in assets. The bank plans to implement Q2’s technology toRead More
Q2 (formerly Q2 EBanking) may have some patent problems. Austin-based Q2 Holdings, the parent company of Q2 which is going public today, offers cloud-based banking services to some 300 community banks and credit unions as customers. Its software-as-a-service offerings are some of the most innovative in the industry, with an earlyRead More