Can Deutsche Bank’s PaaS help turn the bank around?

IT World

Now, three years on, those engineers have built Fabric, an internal platform-as-a-service (PaaS) that is already being used by thousands of Deutsche Bank employees to run thousands of applications, all with the aim of running 80 percent of workloads on Fabric by 2022.

Banking on the Future: Why our most hated institutions will become our most beloved

Andreessen Horowitz

There are two banking systems in the world today: one for people with money (or good credit), and another for people without. People with money have gotten used … The post Banking on the Future: Why our most hated institutions will become our most beloved appeared first on Andreessen Horowitz. APIs fintech Uncategorized banking credit debt financial services machine learningIt’s expensive to be poor. .

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Banking & Finance CIOs on How Coronavirus Changed Software Services Demand

Kraftblick

How did COVID-19 influence the purchase process of banking and finance companies – clients of software companies? Kraftblick is talking with the management of Verizon Data Services, People First Federal Credit, Venture Out Consultants, and Hawaii National Bank.

2019: WePay’s Year in Integrated Banking

wepay

One of the biggest payments trends in 2019 was the push from tech companies to offer traditional banking services to their customers. SaaS platforms are uniquely positioned to deliver these banking products compared to traditional brick-and-mortar retail banks.

Banks: The Thrill is Gone

Zuora

How would you describe your relationship with your bank? The post Banks: The Thrill is Gone appeared first on Zuora. Is it full of engagement and discovery? Probably not. In fact, […]. Subscribed Weekly / Thoughts from Tien Tzuo

Verifying Bank Account Ownership: Understanding your Options

Agile Payments

Advances in the online payments sphere have now made it possible for businesses to verify bank account ownership. This real-time checking account verification can confirm that a consumer or business owns the account, and is authorized to transact.

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services

Agile Payments

Bank Account Owner Authentication Service: Moving Beyond Check Verification Services. Checking Account Owner Authentication

How Can Product Analytics Benefit Banks?

Rakam

Having an understanding of user behavior is crucial for the banks to design better apps and products which would make users loyal to the brand. Many banks use Business Intelligence tools, but only the minority of the banks empowers their teams with the product analytics. In this article, we will talk about the various uses cases for the banks.

Subscription Services and the Race Towards the Future of Banking

Zuora

The post Subscription Services and the Race Towards the Future of Banking appeared first on Zuora This article was originally published in Financial IT UK by John Phillips, General Manager, EMEA at Zuora In the not […].

Banking: The Next Big Subscription Economy Story

Zuora

By John Phillips, Managing Director EMEA, Zuora In some ways, banks are the ultimate subscription business: from the moment you […]. The post Banking: The Next Big Subscription Economy Story appeared first on Zuora

What is the norm for a “rainy days” bank buffer, considering payroll, rent, and everything in-between?

SaaStr

If you have > 50% of your ARR in cash, in the bank, that’s usually enough to make the key accretive investments you need to make in people, infrastructure and marketing, If you are at $10m ARR, you need at least $5m in the bank to comfortable hire the say 50+ folks you’ll need to hire the next year. I had $2m in the bank at $10m ARR. The post What is the norm for a “rainy days” bank buffer, considering payroll, rent, and everything in-between?

Financial firms bank on A.I. as pilot projects head to production

IT World

The financial services sector is pouring money into artificial intelligence (AI), with banks, for example, expected to spend $5.6 billion on AI in 2019 – second only to the retail sector.

57 Customer Relationship Management Software Alternatives (That Won’t Break the Bank)

Groove HQ

The post 57 Customer Relationship Management Software Alternatives (That Won’t Break the Bank) appeared first on Groove Blog. You know the big names in customer relationship management software. And, you know the big price tags. Do you know the CRM alternatives?

Facebook’s cryptocurrency ratchets up pressure on banks, but has big risks

IT World

Facebook's plans to launch its own cryptocurrency and digital wallet should be a clarion call to commercial banks: if you don't begin to explore blockchain technology, tech companies could eat your lunch.

Is Co-browsing Safe? Yes, Banks Use it

Upscope

Is it safe enough for banks? Co-browsing is used in production by major corporations and international banks. There's always a moment of anxiety when downloading software and maybe that's why people like co-browsing because there are no downloads.

Key Bank SaaS Survey: Four Takeaways for Finance Teams

Sage Intacct

At fast-growing SaaS companies, CFOs and finance leaders are increasingly viewed as the business-model architects who analyze and guide the organization to successful outcomes.

Our Top 10 Fintech Posts of 2019

Andreessen Horowitz

Banking on the Future: Why our most hated institutions will become our most beloved. There are two banking systems in the world today: one for people with money (or good credit), and another for people without.

The Business Case for Forfeiting Margins

Andreessen Horowitz

fintech banking fees lending self-driving moneyIn the economic process known as creative destruction, new technologies displace—and eventually destroy—old structures.

The Investment Banking Landscape: Different Types of M&A Firms

Divestopedia

You're ready to sell your business, but you're not clear what type of banking firm to choose to help you in the process. This article provides a breakdown of each type, as well as its individual pros and cons, so you can make the best decision for you

Fintech Newsletter: November 2019

Andreessen Horowitz

fintech news Uncategorized banking lending neobanks newsletters retirementTo receive this monthly update from the a16z fintech team, sign up here. Cash-strapped boomers; Big tech does fintech; Schwab launches zero-fee trading, and more. OK Boomer…ready to retire? .

Fintech banks and a rise in consumer authentication: Wepay’s Week in Payments

wepay

Two developments, one in the US and one in the UK, signaled a potential shift in the banking world and Fintech. The two developments each heralded the possible rise of a brand new kind of bank founded on a completely different model than the traditional bank.

Fintech Newsletter: June 2019

Andreessen Horowitz

542 million years ago, in perhaps the most important evolutionary moment in history, complex biological life emerged in an event known as … fintech networking payments community banking etfs ethical investing financial services fintech startupsGet this monthly update from the a16z FinTech Team: sign up here. Top Startup News. Fintech’s Cambrian Explosion.

Techstars Announces $42 Million Investment

TechStars

July 30, 2019 – Techstars , the worldwide network that helps entrepreneurs succeed, today announced a $42M investment led by SVB Financial Group , the holding company of Silicon Valley Bank, with additional participation from existing investors including Foundry Group.

MIT's blockchain-based 'Spider' offers 4X faster cryptocurrency processing

IT World

If successful, digital currency could rival traditional banking and even make credit cards obsolete, as a person’s bank account and credit would be tied to a public-private key infrastructure they – and not the bank – would control. Industry collaboratives , consortiums and vendors have been working to address the problem with scaling blockchain-based cryptocurrency transactions, both in terms of size and efficiency.

Why Wells Fargo plans to pilot its own cryptocurrency

IT World

Wells Fargo Digital Cash, which will run on the bank's first distributed ledger technology (DLT) platform based on the R3 Corda Enterprise blockchain specification, will enable internal book transfers of cross-border payments within the bank's global network.

Barclaycard joins forces with SAP to simplify corporate payments

ITPro

Ariba Network’s Precisionpay Bank Transfer will speed up the time it takes for businesses to receive payments for goods

Fintech’s Second Wave: Lenders in Disguise

Andreessen Horowitz

The peer-to-peer lender was a media and investor darling, hailed as a tech-enabled alternative to traditional banks. In 2006, LendingClub introduced a then-novel business model: the ability to offer online personal loans to millions of underserved customers.

Six Lessons on How to Build a Platform that Fuels an Ecosystem with Plaid (Video + Transcript)

SaaStr

So Plaid, we build the infrastructure that lets consumers interact with their bank accounts on the web. The core thesis behind it is banking was built for a world that didn’t envision the internet. You link a bank account and then you can immediately do what you want to do.

Founding Stories: Synapse

Andreessen Horowitz

Now imagine trying to open a bank account at a local branch without the traditional forms of identification: no driver’s license, no social security card, and so on. Imagine moving to a new country to start college.

On CFIUS Reform: Examining the Essential Elements

Andreessen Horowitz

Senate Committee on Banking, Housing, & Urban Affairs as part of their hearings … China policy field notes M&A

Fintech Newsletter: October 2019

Andreessen Horowitz

Why the buzz around high bank fees is actually good for. To receive this monthly update from the a16z fintech team, sign up here. Record ATM fees; Looming zero interest rates; High-yield savings accounts proliferate; Nubank hits 15 million users.

The Next Generation of Cloud Security Startups

Andreessen Horowitz

The recent Capital One data hack and breach that compromised sensitive information for 106 million people, including 140,000 Social Security numbers and 80,000 bank account numbers, was executed by a single hacker who exploited a well-known vulnerability in cloud-based SaaS … cloud computing enterprise & SaaS news security & privacy 16 Minutes

Cloud 79

Drowning in Debt, Eager to Share: When Fintech Meets Social

Andreessen Horowitz

The last financial crisis prompted many consumers to reassess their banking expectations—none more so than millennials and Gen-Z-ers.

The Top Cloud Stories of the Week: A Downturn?, Top YC Companies, Dave, Google Turns 21

SaaStr

Brex wants to replace startup bank accounts with Brex Cash – TechCrunch. Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million – TechCrunch. We now have over 200,000 (!)

Cloud 176

How does an investor protect himself when investing in a startup?

SaaStr

You can stress test this by examining bank accounts (i.e., Founders should send over the bank statement each month. I included my bank statement with every investor package. Q: How does an investor protect himself when investing in a startup? It’s actually pretty hard.

The Top Cloud Stories of the Week: 326 Unicorns, Microsoft??Android, Signs Your VP Can’t Scale, Change at SAP

SaaStr

We’s Banks Are Still Worried. Google Cloud Worth $225 Billion, Deutsche Bank Says. We now have over 228,500 (!) subscribers to the SaaStr Cloud Daily on Quora , 9,100,000+ views, and are adding thousands of new followers per week.

Grab One of My Final 25 Tickets for SaaStr Europa!

SaaStr

Europa 2019 in the Left Bank of Paris is capped at 2,500 total. Boy we are close!! We are now at total capacity and have moved to a waitlist. The team has saved me 25 final tickets. You can grab one here. Once they are gone, there will still be a few more slots.

[SaaStock Latam special]: How Superlógica grew 10x by improving pricing plans

SaaStock

Previously his career path had traversed a variety of industries including banking, health, and EdTech. Tune in for an extra bonus episode of the podcast, hosting SaaStock LatAm speaker André Baldini, CEO of Superlógica who tell us how the company grew revenue 10x.

How card payments work

wepay

As far as the payer is concerned the transaction is done, although they are aware that some banking transactions occur in the background and their account may not be debited for as much as several days. Sometimes the acquiring bank is also the payment gateway).

The Rise of Cryptocurrency is Leading to a Safer Internet

Andreessen Horowitz

The security systems that protect our banks, social media sites, and numerous online platforms are outdated — so much so that even the CEOs of popular sites can get hacked.