Tag: Fintech

The year of the fintech merger

While bank M&A has been largely dominated by the fallout from one deal this year — the merger of BB&T and SunTrust Banks — the fintech space remains red hot. Three significant deals in the payments and financial service provider area have already been struck so far this year, while bank and venture capital interest…
Read more


June 10, 2019 0

Mergers like Fiserv-First Data are a red flag for banks

Vendor consolidation has been topping fintech headlines in 2019, since the announcement of banking technology vendor Fiserv announced its acquisition of payments processor First Data. The major deal followed others in recent years — such as FIS’s acquisition of SunGard and the merger of D+H and Misys into Finastra — in which legacy fintech providers…
Read more


February 6, 2019 0

After Fiserv-First Data, who’s merging next?

Fiserv’s $22 billion deal to acquire First Data creates pressure to scale core banking and payment processing that may force further industry consolidation. That puts M&A bullseyes on companies like FIS, TSYS and myriad bank IT and merchant services companies. “A deal has been brewing for years and it was no secret that Fiserv has…
Read more


January 25, 2019 0

Fiserv-First Data: Why small banks fear big fintech

The news that Fiserv is buying First Data may be unwelcome to small banks and credit unions as some fear it will create a combined entity that is even slower and more bureaucratic than the large core vendors are seen as today. The deal makes sense for Fiserv. It brings together two financial industry behemoths:…
Read more


January 16, 2019 0

7 (realistic) predictions about fintech in 2019

When it comes to fintech, there is no shortage of big bets on which new technologies will come to fruition and the levels of mass adoption. From talk of plastic cards going away to the end of cash, everyone is eager to anticipate the next big trend. But change takes time. Fintech is an exciting…
Read more


December 26, 2018 0

Where fintech dollars will go in 2018

2018 looks to be a good year for U.S. fintech companies, as banks plan to step up their investments. A study released in December found that 82% of U.S. commercial banks plan to increase fintech investment over the next three years; 86% of bank senior managers surveyed said they intend to boost fintech funding imminently.…
Read more


December 26, 2017 0

Doing customers wrong allows your competitor to make things right

A few years ago, I attended a session at a community banking conference on how to build a successful balance-transfer credit card program. The speaker summarized the unofficial motto of his bank’s program as: “We want customers to pay off all their balances … except ours.” Everyone in the room laughed. It was a small…
Read more


December 20, 2017 0

The top tech priorities for banks in 2018

In the blink of an eye, consumers have evolved from being wary of mobile banking to casually quizzing robots in their home about their spending habits. Innovation in banking will continue at its rapid pace in 2018 as more of every bank’s budget is earmarked toward technological development, said Mitch Siegel, financial services strategy leader…
Read more


December 19, 2017 0

Square to small banks: Don’t lump us in with Amazon and Facebook

Square, the Silicon Valley payment processor that is at the center of the fight over the tech industry’s ambitions in banking, is firing back at its small-bank critics, while also taking steps to placate community activists. Advocacy groups that once expressed concern about the adequacy of Square’s plan to satisfy its obligations to low- and…
Read more


December 16, 2017 0