Kabbage Processed 129,000 SBA PPP Loan Applications For Nearly $4 Billion
#Kabbage, the Atlanta-based small business lending #fintech, was the fourth largest processor of SBA payroll support loans (PPP).
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Alliant Credit Union Allocates Nearly Twice as Much For Innovation as Banks of the Same Size
#Alliant #Credit #Union’s budget allocation for #innovation is almost #twice as high as the average bank of the #same #size. Most #banks won’t readily share exactly what they spend on innovation, but Alliant Credit Union has offered up that 15% of their expense base is allocated to innovation. Although credit unions aren’t required to publicly […]
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American Banking Misses Nearly Half The Country
The leading #banks in the U.S. have a larger share of deposits than before the financial crisis, and they grow big an profitable by avoiding the poor, according to “How the Other #Half Banks”, an excellent overview of the lack of finance facing many Americans.
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Nearly One-Third of Starbucks In-store Payments Are Mobile
What makes the #Starbucks #mobile wallet such a popular option when it comes to paying for that morning coffee? Mobile payment at the coffee company’s U.S. stores increased to 30% of all stores, according to the earnings Starbucks reported yesterday, meaning just under a third of customers are now paying via mobile. Meanwhile, Starbucks Mobile […]
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Citi’s Global API Developer Hub Has Nearly 50 APIs One Month After Launch
Citi #Fintech kicked off its one-year anniversary this November through the #launch of its #Global API #Developer Hub, a platform that has developed 49 #APIs across eight usage categories #after just one #month of availability. “This was our foray into an open-innovation approach, which is something we’re seeing a lotRead More
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BlackLine Gains Nearly 50% in Largest Tech IPO of 2016
#BlackLine Inc. priced its IPO at the high end of the range on Friday, and surged #nearly 50% in a delayed opening, squarely placing the accounting and software company in unicorn territory. Could this signal the beginning of something good for #tech? Los Angeles-based BlackLine priced 8.6 million shares at $ 17Read More
Bank Innovation
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