Calling all fintech startups — today marks the opening of the application period for the second class of INV Fintech, a global accelerator operated by Bank Innovation and Fiserv. Interested startups can apply here. The application period will close Friday, September 9. INV, which launched in January, is the firstRead More
Post Tagged with: "Cross River Bank"
It’s a truth universally acknowledged that fintech startups need banks and the services — not to mention the regulatory protections — they offer. Berlin-based “fintech company builder” FinLeap has taken this to its logical conclusion by building a licensed bank for its startups to leverage. The result, called solarisBank, markets itself as aRead More
Long live the fintech accelerator. With all due respect to American Banker‘s BankThink portal and Forrester Research, the future could not be brighter for fintech accelerators, and I write that not just because Bank Innovation has launched an, er, fintech accelerator with Fiserv, U.S. Bank, and Cross River Bank. Last week,Read More
It is a sad truth: AML violations have cut the innovation practice at The Bancorp. The Bancorp, which released earnings yesterday, arguably has been a leading advocate for fintech over the last several years, notably providing the bank charter behind Simple. But The Bancorp is facing regulatory scrutiny for itsRead More
Bank Innovation and Fiserv today announce the launch of Bank Innovation INV, a revolutionary fintech accelerator that will cultivate financial services startups around the world. INV is now accepting applications for its first accelerator class, which will commence this quarter.
4. Heather Cox, Citi FinTech Big banks can’t innovate? Er, no one told Heather Cox or Citigroup, which recently launched a mobile-first unit led by Cox, previously the bank’s chief client experience, digital and marketing officer. Cox was in charge of Citibank’s move to the Apple Watch last March, wellRead More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
Cross River Bank, an early and active player in marketplace lending, closed a major deal to securitize $100 million in marketplace loans, the bank announced Friday. Marketplace lending is a small but massively expanding sector– Lending Club has facilitated more than $11 billion in loans since its founding in 2006,Read More
Cross River Bank, a major player in the marketplace lending space, expects to securitize $100 million of these loans later this year, Bank Innovation has learned. Cross River will be among the first lenders to do so, and the securitization will add valuable liquidity to the marketplace lending sector. Citibank announced last week itRead More