Georgia-Based FinTech Companies Recognized at TAG Summit Technology Awards
By Don Campbell, RightCourse
At the 2020 Technology Association of Georgia (TAG) Summit, one of the largest technology conferences in the Southeast, TAG announced two award groups that recognized Georgia-based technology companies for their innovation, financial impact, and their efforts at spreading awareness of the state’s technology initiatives throughout the U.S. and globally. What’s key here is that about one-third of the award winners are members of the dynamic and growing FinTech community.
Encouraging FinTech Signs Amid the COVID-19 Crisis
By Chip Harden, Ondot Systems
As the United States copes with shrinking GDP numbers and rapidly ballooning unemployment amidst the COVID-19 pandemic, there are decidedly few sectors not suffering considerably from the demand and supply shock this current environment has precipitated.
How Banks and FinTechs are Stepping Up Amid COVID-19
By Glen Sarvady, 154 Advisors
The timing couldn’t be better for TAG FinTech’s Friday panel discussion featuring executives from Alogent, Atlantic Capital Bank, Greenlight and Truist. Too often the business narrative has banks and fintech companies pitted against each other in a pitched battle for supremacy and survival. Thankfully this perception had already begun to recede- there are far more reasons for collaboration than competition among these players- but there’s nothing like a common enemy to help solidify alliances.
The week in review – April 20
Each week TAG FinTech Steering Committee member Ali Raza compiles a list of newsworthy events impacting the payments ecosystem. He has graciously agreed to allow us to report his thoughts going forward. This week’s headlines include:
– Leaked pics reveal Google smart debit card to rival Apple’s
– Facebook’s Libra cryptocurrency gets revamp in response to backlash
– PayPal Approved to Provide Access to Paycheck Protection Program Loans
– Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
Minding the (Value) Gap: Big Tech Inches Closer to Consumers with Google’s Smart Debit Card
By Chip Harden, Ondot Systems
A global pandemic has proved insufficient to quell Big Tech’s continued foray into financial services. The end of March brought an announcement from Microsoft that they would partner with Plaid to launch a fintech app, integrating with its Excel spreadsheet software to provide personal finance support. Last week, TechCrunch revealed Google’s intention to unveil a “smart” debit card, apparently to serve as the payment vehicle behind Google’s checking account initiative announced in November.
Facebook’s Libra Cryptocurrency – Initial thoughts on an exciting new chapter
By Tommy Marshall, Georgia Fintech Academy
Everyone I have spoken with this week is buzzing about Libra. My parents are in Dublin, Ireland on a college-sponsored trip and I received a text from my Mom on Wednesday asking what I thought about Libra! Clearly there’s hope for payments experts like me that our families may yet figure out what we do for a living.
If you are just coming up to speed on the news – like the rest of us, since details remain fairly scarce – here are a few basics.