Big banks are spending billions of dollars on digital transformation initiatives that never get off the ground. According to the International Data Center, an estimated $1.3 trillion was spent on large-scale digital transformation projects across all industries in 2018, 70% of it on efforts that failed to achieve their objectives. That’s more than $900 billion down the […]
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Unqork, an enterprise no-code platform with roots in the financial services and insurance industries, has secured $207 million in Series C funding at a $2 billion valuation.
The usage of open banking has increased since COVID-19 as the banking, payment and financial services industries seek more solutions to provide additional digital loan applications and credit decision and wealth management tools.
An Oct. 2 SEC filing revealed that a new $225 million fintech-focused SPAC (special purpose acquisition company) has been formed.
When it comes to startups, the construction technology space is one that has been historically overlooked by investors.
“I can’t comment about any other fundraising, other than to say Better today is actually fundamentally profitable, with enviable profit margins and profit, not like startup-fuzzy-math-profit but actually like, the cash balance in your bank account goes up every month profit,” Garg said.
With the use of financial apps soaring amid the coronavirus pandemic, fintech is the “new normal,” fintech entrepreneur Zach Perret said Thursday during the virtual LendIt Fintech USA 2020 conference.
Super regional banks are in the “driver’s seat” when it comes to tech innovation in banking, fintech billionaire David Zalik said Thursday
Few fintech verticals have thrived during the Covid-19 pandemic like the buy now, pay later (BNPL) space.
Even well-capitalized, well-managed community banks will not survive if they fail to adopt technology that fintech companies and large banks already offer, the chairwoman of the FDIC warned Wednesday.
