- Accelerator program, sponsorship (advantages)
- Accounting
- challenges, overcoming
- considerations
- models
- treatment
- Africa
- India, bank account/mobile subscription comparison (percentage)
- sub-Saharan African countries, mobile banking account usage (disparity)
- After-tax earnings
- Agency distribution model, pressure
- AlliancePartners, Personal Capital (partnership)
- Allpoint, ATM network
- Alltel purchase
- Ally Financial Inc. purchase
- Alternative lenders, emergence
- Alternative lending
- funding
- niche
- platforms
- government regulation
- retail banks, contrast
- technology, usage (growth)
- Alternative online lenders
- Alternative screening methods
- Andreessen, Marc
- ApplePay, development/rollout
- Application programming interfaces (APIs)
- Appraiser qualifications
- Armstrong, Brian
- Artificial intelligence (AI)
- As-of date
- Asset manager, impact
- Assets
- asset approach
- customer-related assets, valuation process
- Assets under management (AUM)
- Automated auditing (blockchain)
- Automated teller machines (ATMs)
- analysis
- costs
- network (Allpoint)
- number
- usage
- Balance sheet
- changes
- pro forma balance sheet
- Banco Bilbao Vizcaya Argentaria (BBVA)
- Compass, FutureAdvisor (partnership)
- deal
- purchase
- BankAmericard, problems
- Bank CIOs, survey
- Bank Director’s 2015 Growth Strategy Survey
- Bankers, Simple analysis
- Bankomat, ATM usage
- Banks
- accounts, mobile subscriptions (comparison)
- acquisition
- assets/liabilities/intangible assets
- pro-forma balance sheet
- advantages
- balance sheet, changes
- bank-sponsored FinTech accelerators
- customer relationships
- deals
- FinTech
- approach
- framework, usage
- intersection, increase
- partnerships, number (increase)
- FinTech company acquisitions
- long-term plan, FinTech partnership (consistency)
- partners, FinTech companies (approach)
- persistence
- Bank-sponsored accelerator, participation (advantages)
- Bank valuation
- approaches
- FinTech, impact
- income approach
- market approach
- Banno (FinTech company)
- bankers, analysis
- corporate events
- FinTech entrepreneurs, analysis
- operation ability
- Barclaycash, ATM usage
- Benchmarking information
- Betterment, Fidelity (partnership)
- Big Banks
- Big data
- Bitcoin
- funding
- NYSE entrance
- payment processing impact
- Wall Street perception
- BlackRock, purchase
- Blankfein, Lloyd
- Blockchain
- applications
- automated auditing
- characteristics
- contracts
- cyber security
- defining
- financial services
- function, explanation
- funding
- government regulation
- immutability
- irrevocability
- payment solutions
- reliability
- technology, impact
- transparency
- Blockchain and Distributed Ledger Technology Conference (2016)
- Blockcypher
- BMC Software decision
- Book value per share
- Braintree/Venmo Touch
- Branch networks, cost
- BTC Smart Meters
- Burn rate
- Business divorce, occurrence
- Business judgment rule
- Buy-sell agreements
- Calahan, Edward A.
- Call Report
- Cameron, David
- Capital
- augmentation
- budgeting, basics
- capital-intensive businesses, asset approach
- projects, attractiveness
- risk-transfer sources
- sources/uses
- Carney, Mark
- Cash flow
- Cashless society
- CAT bonds, comparison
- CB Insights
- C corporations, shares sale
- Certegy
- CFPB
- regulation plans
- scrutiny, increase
- Check (payment company case study)
- analysis
- corporate events
- FinTech strategy, development
- flexibility/openness, maintenance
- CheckFree Corporation, acquisition
- Chubb MDR, ATM usage
- CIF 20/20
- Circle
- Citicorp Information Resources, purchase
- Coinbase
- analysis
- corporate events
- mobile application, usage
- Community banks
- assistance
- comparison
- FinTech community banks comparison
- price-to-earnings multiple comparison
- FinTech, usage
- lending, trends
- loan portfolio mix
- non-interest income
- opportunities, profitability trends
- real estate loan portfolio mix
- threats
- Community banks, FinTech
- comparison
- threat/opportunity
- Consumer lending market
- Consumers
- credit outstanding, holders (ranking)
- financial service preferences
- Core Director
- Core processors, role (evolution)
- Core vendors
- Corporate finance, basics
- Cost of equity (COE), IRR (comparison)
- Culture, differences
- CU Solutions Inc., acquisition
- Customer-related assets, MPEEM application
- Customers
- acquisition costs
- customer-related assets, valuation process
- customer-related intangible assets
- demands, meeting
- digital service
- insurance providers, relationship (disruptor challenge)
- primary relationship, maintenance
- relationships
- repeat patronage, importance
- retention/preference
- Cyber security
- Cybersecurity spending, increase
- Cypress Capital
- Daily average revenue trades (DARTs)
- Data analytics, impact (increase)
- Day traders
- Deal metrics
- Department of Labor (DOL), Fiduciary Rule (implementation)
- Depository institutions, elements
- Designated Order Turnaround (DOT) system, NYSE creation
- Diebold, ATM manufacture
- Digital advisory (FinTech case study)
- 5-year forecast
- valuation conclusion
- Digital currencies
- Digital focus, cost saving (potential)
- Digital-focused bank, cost savings
- Digital-only customers, data
- Dilution analysis
- Discount brokerage industry, evolution
- Discounted cash flow (DCF) method
- Discount rate
- Disruptors, challenges
- Dissenters, rights
- Dividend-paying capacity
- Dividends, payment (absence)
- Djokovic, Novak
- Docutel, ATM manufacture
- Dorsey, Jack
- Draper, Tim
- Early-stage FinTech companies, valuations
- digital advisory, 5-year forecast
- example
- planning process
- Early-stage FinTech valuation
- issues
- mechanics, understanding
- Early-stage investors
- Earn-back period, usage
- Earnings/cash flow
- Earnings-per-share (EPS) accretion/dilution
- Earn-outs
- Eastern Labs
- Ebay purchase
- EBITDA margin, Digital Advisory forecast
- E-commerce, rise
- Efficiency ratios
- Electronic communication network (ECN), launch
- Electronic stock trading
- Employees
- benefits, provision
- FinTech attraction
- Employee stock ownership plans (ESOPs)
- Enterprise value, pro-rata portion
- Episys (platform)
- Equity
- Equity compensation
- 409A compliance
- tax issues
- Equity FinTech partners (minority shareholders)
- E*TRADE Financial Corporation, trading
- European Securities and Market Authority (ESMA), paper release
- Executive leadership
- Expected future cash flows, forecast
- Expected revenue stream, determination
- Factom
- Fair market value
- Fair model value
- Fairness opinions
- Fair value
- Fair Value Measurement (ASC 820)
- Federal Deposit Insurance Corporation (FDIC)
- community banker meeting
- FinTech opportunities
- Insurance on Deposits
- Fidelity, Betterment (partnership)
- Fidelity Information Services (FIS)
- Fidelity Investments, founding
- Fidelity National Financial purchase
- Fidelity National Information Services
- Fiduciary Rule (DOL), implementation
- Finance (change), millennials (usage)
- Financial Accounting Standards Board (FASB), fair value model
- Financial advisor, role (change)
- Financial institutions
- FinTech company acquisitions
- net income, revenue percentage
- Financial returns (assessment process), partnerships (usage)
- Financial services
- consumer preferences
- technology, impact
- Financial technology
- Financing round economics, examination
- FinLab (JP Morgan)
- FINRA
- FinTech
- appraiser qualifications
- balance sheet, changes
- bubble
- buy-sell agreements
- change, inevitability
- community banks, comparison
- customer
- demands, meeting
- retention/preference
- cybersecurity spending, increase
- deals, accounting considerations
- defining
- disruptive startups
- early-stage FinTech valuation issues
- efficiency ratios, relationship
- enhanced scale
- entrepreneurs, analysis
- exits
- failure, case study
- framework, usage
- full acquisition
- funding trends
- Google search trends
- growth, option
- historical context
- history
- hype, reasons
- impact
- importance
- indices, S&P500 (contrast)
- industry, trends/market conditions
- initial public offerings (IPOs), ranking
- innovation, increase
- investment analysis
- IPOs
- legacy systems, usage
- lenders, credit cycle
- leverage
- loan portfolio diversification
- necessity
- niches, innovation
- non-interest income, relationship
- offerings, usage
- payment company case studies
- players, identification
- portfolio
- profitability
- public companies, niche identification
- public company pricing multiples
- public multiples, median EBITDA margins
- regulation
- regulatory oversight
- regulatory scrutiny
- returns, increase
- search trends
- selection process
- strategy
- development
- returns, consideration
- threat/opportunity
- transactions (analysis), metrics (usage)
- trending exits
- unicorns
- U.S. financial institutions, relationship
- valuations
- increase
- venture capital investments, valuation
- venture capital (VC) investors, exit
- Visa/Mastercard, initial public offerings
- FinTech acquisitions
- analysis
- assets/liabilities/intangible assets
- post-close success, incentives (alignment)
- pro forma balance sheet
- FinTech banks
- benefit
- intersection, increase
- FinTech companies
- acquirers, identification
- acquisition
- approach
- asset approach
- bank acquisitions
- bank advantages
- community bank assistance
- development stages
- earnings
- financial institution acquisitions
- holding on
- income approach
- initial public offerings (IPOs)
- intangible assets
- intellectual property
- investment returns
- management team
- market approach
- market characteristics/impact
- partnering
- pricing multiples
- median EBITDA margins
- median enterprise value/EBITDA multiples
- regulatory environment
- regulatory overlay
- risk/growth, trade-offs
- risk profile, bank comfort
- Section 409A, application
- selling in
- selling out
- valuation
- approaches
- considerations
- value stages
- FinTech mergers and acquisitions (FinTech M&A)
- activity
- exits
- issues, consideration
- overview
- volume/pricing
- FinTech partners
- FinTech partnerships
- banks
- approach
- long-term plan, consistency
- capital budgeting, basics
- corporate finance, basics
- customers, primary relationship (maintenance)
- example
- financial returns, assessment process
- framework, development
- importance
- internal rate of return analysis
- investment returns
- IRR/ROE spread
- questions
- regulatory reaction
- ROE spread, comparison
- transactions, hurdle rates
- valuation, basics
- First Data Processing
- First Internet Bancorp (IBNK)
- First National Bank
- FiServ Inc.
- Fixed-rate brokerage commissions, abolishment
- Flowers, J. Christopher
- Full credit cycle, experience
- Full-service broker, support (absence)
- Funding, access (improvement)
- Funds, accessibility (increase)
- FutureAdvisor (Future Advisor)
- BlackRock acquisition
- RBC/BBVA Compass/LPL, partnerships
- Future cash flows, forecast
- Generally accepted accounting principles (GAAP)
- Global population, unbanked/underbanked characteristic
- Goldstein, Rob
- Good Technology
- Goodwill
- Gordon Growth model
- GPR prepaid/debit/payroll cards, provision
- Graham, Benjamin
- Great Recession, aftermath
- Grip (mobile banking tool)
- Growth
- Growth Strategy Survey (2015)
- Guideline company analysis, summary
- Gyft (payment company case study)
- analysis
- consumer/retailer adoption, growth
- consumer value
- corporate events
- differentiation
- retailer value
- target
- Hackathon, hosting
- Hall, Jerry
- Harms, Travis
- Henry, Jack
- Hewlett Packard, involvement
- Hock, Dee
- Holding in
- Holistic financial life management
- Hometown Community Bank, acquisition
- Honest Dollar, Goldman Sachs acquisition
- Horizontal applications, impact
- Housing market, collapse
- Hunt, Bob
- Hurdle rates
- ICE/Interactive Data
- IFRS standards
- Incentive stock options (ISOs)
- Income approach
- Indepdendent ATM deployers (IADs), creation
- India/Africa, bank account/mobile subscription comparison (percentage)
- Industry experts
- Information Technology Inc. (ITI), acquisition
- Initial public offerings (IPOs)
- Innovation
- core processes, role (evolution)
- increase
- Insurance
- agency distribution model, pressure
- data analytics, impact (increase)
- future
- providers
- customer relationships, disruptor challenges
- InsurTech disruptors, challenge
- technology trends
- Insurance-linked securities (ILSs)
- InsurTech
- competitors
- disruptors, impact
- financing trend
- introduction
- Intangible assets
- Intellectual property
- Interim cash flows
- Internal rate of return (IRR)
- analysis
- COE, comparison
- determination
- impact
- spread
- Internal Revenue Service (IRS) Revenue Ruling
- Internet of Things (IoT)
- Interpretation of Financial Statements, The (Graham)
- Investment returns
- Jack Henry & Associates
- James, Raymond
- Jemstep, Invesco acquisition
- JH Banking, evolution
- JP Morgan
- FinLab
- Motif, partnership
- Kernel (system)
- KKR/First Data
- Legacy systems, usage
- Legacy technology systems, company reliance
- Lenders, credit cycle
- Lending
- alternative lending, impact
- leveraging technology, impact
- trends
- Lending Club
- Leveraging technology, usage (growth)
- Lewis, Michael
- Liabilities
- Line call
- Linq (NASDAQ)
- Liquidity
- Live Oak Bancshares (LOB)
- Loan portfolio diversification, addition
- Long-term shareholder value, creation
- Loyalty programs, retailer-specific mobile payment apps (relationship)
- LPL, FutureAdvisor (partnership)
- Lu, Bo
- Madden v. Midland Funding
- Management structure, impact
- Margins, examination
- Market
- approach
- data, derivation
- metrics, usage
- public market information, multiples/margins
- volatility, impact
- Mastercard
- examples
- growth drivers
- initial public offering
- McFarlane, John
- McKelvey, Jim
- Median community bank ROA/ROE
- Median EBITDA margins
- Median enterprise value/EBITDA multiples
- Mercer Capital
- Mergers and acquisition (M&A)
- Merrill Edge
- Metavante Technologies Inc.
- Microinsurance, expansion
- Microsoft Money
- Minority shareholders
- Mobile banking account usage, disparity
- Mobile money, rise
- Mobile subscription, bank accounts (comparison)
- Montonaro, Don
- Morais, Diane
- Mortgage
- banking, cyclicality
- market
- originators, ranking
- Motif, JP Morgan (partnership)
- MPayMe acquisition
- Multiperiod excess earnings method (MPEEM)
- NASDAQ
- NASDAQ, NASD creation
- National BankAmericard Inc.
- Net interest income trends
- Net interest margins (NIMs)
- Netscape, IPO
- NetSpend voting stock acquisition
- New New Thing, The (Lewis)
- New York Stock Exchange (NYSE) automation
- Non-compete agreements
- Non-interest income
- Nonqualified options
- Norcross, Gary
- OnDeck
- Online brokerage industry, evolution
- Online Broker niche, public trading
- Online brokers
- Open Solutions
- “Opportunities and Challenges in Online Marketplace Lending” (DOT)
- Option pricing method (OPM), inputs (calibration)
- Options, forms
- OSI
- Over-the-counter (OTC) market, NASDAQ creation
- Partners
- equity FinTech partners
- FinTech companies, approach
- FinTech partners, investment
- Partnerships
- financial returns, assessment process
- importance
- options
- size, importance
- strengths
- usage
- Payment processing, Bitcoin impact
- Payments niche (public FinTech company niche)
- PayPal
- EBay acquisition
- FinTech application
- Peer-to-peer (P2P) advent
- Peer-to-peer (P2P) insurance networks
- Peer-to-peer (P2P) lenders
- Peer-to-peer (P2P) lending models
- Peer-to-peer (P2P) money-transfer service
- Peer-to-peer (P2P) payments, sending
- Performance metrics
- Personal Capital, AlliancePartners (partnership)
- Point-of-sale (POS) segment
- Porcelli, Frank
- Post-acquisition risk, sharing
- Post-close success, incentives (alignment)
- Powa Technologies
- analysis
- burn rate
- case study
- executive leadership/management structure, problem
- history
- product, problems
- Price-to-earnings multiples, comparison
- Price-to-earnings ranges
- Private Market (NASDAQ)
- Private markets, IPO markets (impact)
- Probability-weighted expected return method (PWERM)
- Probability-weighted expected return method (PWERM), inputs (calibration)
- Probability-weighted stream
- Processors, usage
- Profit Stars (ProfitStars)
- Pro forma (pro-forma) balance sheet
- Pro forma (pro-forma) capital ratios
- Property and casualty (P&C)
- commissions/brokerage fees
- losses
- P/TBV multiples
- Public FinTech companies, niche categorization
- Public market information, multiples/margins
- Public returns, comparison
- Purchase agreements, non-compete agreements
- QR code (barcode)
- Quick Response (QR) codes, usage
- RBC, FutureAdvisor (partnership)
- Reasonableness, tests
- Reconciliation
- Registered investment advisors (RIAs)
- Regulatory oversight, evolution
- Regulatory technology (RegTech)
- Relay product (Stripe), impact
- Restricted stock, equity incentives
- Retail banks, alternative lending platforms (contrast)
- Retailer-specific mobile payment apps, loyalty programs (relationship)
- Retention bonuses, option
- Return on assets (ROA), increase
- Return on equity (ROE)
- increase
- median
- spread
- FinTech partnership, comparison
- Return on investment (ROI)
- Returns
- comparison
- internal rate, analysis
- ribbit.me
- RICO lawsuits
- Ripple
- Risk
- consideration
- growth, trade-offs
- perception
- profile, bank comfort
- Robo-advisors
- appearance
- success, reasons
- Robo-advisory
- advisory
- A.T. Kearney estimate
- effects
- position
- regulatory environment
- services, metrics (comparisons)
- Sale, liquidity options
- Schwab Bank, chartering
- Section 409A
- application
- compliance
- consequences
- Self-service
- Selling in
- Sell-now versus sell-later analysis, performing
- Shareholders
- dissenters, rights
- long-term shareholder value, creation
- Share repurchases
- Shocard
- Sidecars
- SigFig, UBS (partnership)
- SilverLake System
- Simple (FinTech company)
- bankers, analysis
- corporate events
- Small Business Credit Survey
- Small Business Credit Survey (2015)
- Small Business Credit Survey (Federal Reserve)
- Small-order execution system (SOES), NASDAQ enlargement
- Smith v. Van Gorkom
- Social broker, impact
- Software/hardware companies
- Solutions niche (public FinTech company niche)
- Square (payment company case study)
- Stakeholders
- FinTech attraction
- valuations
- Standard & Poor’s 500 (S&P500), FinTech indices (public returns comparison)
- Starbucks, application
- Stock
- fair market value, valuation process
- options, equity incentives
- prices, communication
- purchases, facilitation
- Stock appreciation rights (SARs)
- Stock Market Crash (1929)
- Stripe (payment company case study)
- analysis
- buy buttons, building
- corporate events
- payments space, incumbents
- Relay product, impact
- Sub-Saharan Africa
- FinTech, impact
- mobile banking account usage, disparity
- mobile money/e-commerce, rise
- Subsidiaries, spinout/spinoff
- SunGard, acquisition
- Sunshine State Systems
- SuperDOT, usage
- Symitar Systems, Inc.
- Systematics, acquisition
- Tangible-equity-to-asset ratio
- Targeted dividend payouts
- TBV accretion
- TBV accretion/dilution analysis
- TD Ameritrade Holding Corporation, founding
- Technology
- blockchain technology, impact
- impact
- leveraging technology, impact
- niche (public FinTech company niche)
- regulatory technology, opportunity
- Telebanc Financial Corporation acquisition
- Tennis junior/professional rankings
- Tennis Tech (TenTech)
- Terminal value
- calculation
- reasonableness, test
- Thrifts, overview
- Tickertape, stock price telegraphs, invention
- Total System Services (TSYS), NetSpend voting stock acquisition
- TowerGroup
- TradeKing, Ally acquisition
- Trademarks
- expected revenue stream, determination
- future use, determination
- Tradenames, valuation process
- Transactions
- analysis, metrics (usage)
- considerations
- hurdle rates
- TxVia
- UBS, SigFig (partnership)
- Underwriting
- Unicorns
- United States
- banks, overview
- community banks, industry trends
- financial institutions, FinTech (relationship)
- gross domestic product (GDP), value (addition)
- robo-advisory regulatory environment
- Upper-middle-income countries, mobile banking account usage (disparity)
- UPS Pulse of the Online Shopper survey
- Valuation
- approaches
- as-of date
- asset approach
- basics
- experts
- gap, addressing
- income approach
- indications, synthesis
- inputs, measurement date adjustment
- market approach
- metrics, usage
- performance, reasons
- ranges
- Value
- creation
- equation
- gaps
- levels
- stages
- standard
- Value Creation Scorecard
- Value per share, change
- Venmo (FinTech application)
- Venture-backed companies, valuation process (challenge)
- Venture capital (VC)
- funds
- interest
- investments, valuation
- investors, exit
- Visa
- debit cards/payments
- examples
- initial public offering
- structuring
- total returns
- Visa International
- Volcker, Paul
- Wagner, Dan
- Walmart Pay
- Wealth management
- democratization
- FinTech innovation
- niche
- Wealth Management Americas (UBS)
- Wealth managers, market share
- Wetzel, David
- Willis Group/Towers MOE
- Zero-interest rate policy (ZIRP)
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