Banking-as-a-Service also has the power to transform the lives of consumers for the better. A powerful example of this is within the student loan industry. While the first generation of fintechs connected consumers with better student loans, a new wave of companies are helping consumers alleviate the burden of student loan debt.
Highlights from American Banker’s Digital Banking Conference in Austin, Texas.
Techies, venture capitalists and forward thinking bankers gathered in the Big Apple to talk about everything from future unicorns to the future of money at CB Insights’ annual Future of Fintech conference. The Open Platform team shares highlights from the event!
In the constantly evolving world of finance, success is about more than dollars and cents, and relationships are more complex than lines of code that financial consumers will never see. In early May, Susan French, head of product for BBVA Open Platform, a New Digital Businesses portfolio company, took part in a panel discussion at FinovateSpring’s Customer Experience Summit in San Francisco.
The first few months of 2019 alone have produced three of the biggest fintech merger announcements ever made. What's driving this trend and what can we expect in the upcoming months?
On the surface, it can be difficult to spot companies that rely on banking and payments services to support their customer experience, so we thought we would highlight a few for you. Following are three industries that are being silently revolutionized by access to API-driven banking and payments services.
As the number of individuals earning their livelihood from gig employment increases, the financial needs of these individuals and the companies that employ them are changing too. This is where Banking-as-a-Service solutions, that enable businesses to embed payments and banking services directly into their applications, become invaluable.
CB Insights has published a new report on the fintech market, 2019 Fintech Trends To Watch, which provides fascinating insight into how fintech companies are evolving around the world. The report investigates the most important trends for banking and payments fintechs here in the US, just the kind of companies that use Open Platform’s APIs, so we thought we’d round up the top trends that are most relevant to our customers in 2019.
Last July, the Office of the Comptroller of the Currency (OCC) announced it would begin accepting applications for special purpose national bank charters by US fintech companies that don’t take customer deposits. We explore the pro and cons of the special purpose charter for fintech companies and discuss potential alternatives.