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Tag: banking

This tag includes traditional banks in addition to neobanks and challenger banks.

by Eric NovinsonPosted onMarch 16, 2021March 16, 2021NewsLeave a comment on How Banks Should Design a Scholarship Outreach Campaign to Obtain Links

How Banks Should Design a Scholarship Outreach Campaign to Obtain Links

Several years ago, SEO agencies began offering scholarships to get more traffic from search engines. Google uses backlinks to decide if a website is reputable.…

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by Eric NovinsonPosted onMarch 4, 2021March 12, 2021Startups1 Comment on Buy Now, Pay Later App Merchant Fees

Buy Now, Pay Later App Merchant Fees

Recently, the Wall Street Journal reported that the card networks Visa and Mastercard plan to raise interchange fees. This is bad news for merchants, who…

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by Eric NovinsonPosted onFebruary 19, 2021February 19, 2021InformationLeave a comment on Fintech Versus the Traditional Banks

Fintech Versus the Traditional Banks

When many people think of fintech, they think of the online banking apps that are challenging major banks. Startups like Monzo, Revolut, Varo, and Chime…

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by Eric NovinsonPosted onJanuary 7, 2021StartupsLeave a comment on Banking-as-a-Service Versus Upgrading the Core

Banking-as-a-Service Versus Upgrading the Core

Digital banks have gained popularity recently and traditional banks have two ways to launch them. A bank can carry out a core upgrade and replace…

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by Eric NovinsonPosted onDecember 3, 2020December 5, 2020Startups1 Comment on Agora Services Helps Small Banks and Credit Unions Embrace the Digital Bank Revolution

Agora Services Helps Small Banks and Credit Unions Embrace the Digital Bank Revolution

Credit unions and small banks need modern technology to compete with fintechs. If they don’t move fast, they could lose younger and business customers to…

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by Eric NovinsonPosted onNovember 13, 2020December 5, 2020InformationLeave a comment on National Market Penetration in P2P Payments

National Market Penetration in P2P Payments

In the United States, bank account holders use apps like Zelle and Venmo to send payments to other individuals. Other countries, including Britain, Norway, Sweden,…

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by Eric NovinsonPosted onOctober 22, 2020December 5, 2020StartupsLeave a comment on Behavioral Credit Scoring Helps Banks Lend in Uncertain Times

Behavioral Credit Scoring Helps Banks Lend in Uncertain Times

Singapore-based fintech CredoLab makes behavioral credit scoring software. It recently raised $7 million in a Series A funding round for its alternative credit scoring technology.…

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by Eric NovinsonPosted onOctober 8, 2020December 5, 2020StartupsLeave a comment on ClearBank Speeds Up Payment Processing in Britain

ClearBank Speeds Up Payment Processing in Britain

Challenger banks have a few advantages over traditional banks. Two of them are speed and costs. These fintech startups process transactions faster than traditional banks.…

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by Eric NovinsonPosted onOctober 6, 2020April 12, 2021StartupsLeave a comment on Modernizing Core Banking Software With Finxact

Modernizing Core Banking Software With Finxact

Challenger banks plan to lower banking costs by operating without physical branches. But that’s not their only advantage over traditional banks. These fintech startups use…

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by Eric NovinsonPosted onOctober 6, 2020December 5, 2020InformationLeave a comment on Fintech Marketing Methods

Fintech Marketing Methods

Fintechs use several marketing methods to distinguish themselves from traditional financial services companies. Challenger banks provide some great examples of these tactics. Many challenger banks…

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