What to read today: Fintech Accelerators : Business Insider Intelligence spoke with key figures within the accelerators of top banks — Wells Fargo, Barclays, and Citi — to find out more about how they run their respective programs. This report details how the accelerators provide guidance to help startups develop their solutions, and highlight notable alumni startups from each program to reveal insights on how both fintechs and banks benefit from their participation..
Every morning the Business Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Business Insider reader, we're including some free content below.
Want more content like this daily? Join our FREE Business Insider Intelligence Daily newsletter by clicking here. |
|
| | | | | Over 40% of PPP funds were still available nearly two weeks after the program was relaunched. | Considering that the PPP's initial $350 billion funding was exhausted in just two weeks, this deceleration comes as a big surprise, as many anticipated the second round of funds to be depleted at the same rate.
Duplicate applications and concerns about unclear repayment terms may have contributed to the apparent drop in demand, while other prospective borrowers likely found that the program wasn't right for their situation or are waiting on clarification from the government.
The slower pace of requests could make the facilitation process more manageable — and while banks still stand to gain billions in fee revenue from the program, they could collect less than initially anticipated.
Business Insider Intelligence's Rachel Green has the full story. | Insider Intelligence has launched a new daily newsletter packed with data and key statistics on the biggest trends in today’s most disruptive industries. Click below to join!
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Fintech Accelerators | | Business Insider Intelligence spoke with key figures within the accelerators of top banks — Wells Fargo, Barclays, and Citi — to find out more about how they run their respective programs. This report details how the accelerators provide guidance to help startups develop their solutions, and highlight notable alumni startups from each program to reveal insights on how both fintechs and banks benefit from their participation. | | Get the full report → |
|
| | | | The Rise of Banking-as-a-Service | | Business Insider Intelligence looks at the benefits banks stand to gain by offering BaaS platforms, discusses key players in the industry that have already successfully launched BaaS platforms, and recommends strategies for FIs looking to move into BaaS. | | Get the full report → |
|
| | | | The Subscription Payments Ecosystem | | The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. This report examines the payments ecosystem today, its growth drivers, and where the industry is headed. | | Get the full report → |
|
| | | Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer?
Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive:
| | | | |
|
