Fintech Brainfood
Deeper dives into Fintech and Finance, food for your Brain.
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They're the perfect crime. Nobody is liable and with RTP they're easy to get away with. We can fix this, but we've got to up our game.
They're motivated, Pay by Bank is increasingly regulated and the consumer experience has never been better. But this is a payments business not an aggregator business.
Plus; The DoJ's lawsuit against Visa is weird to me and Plaid's plan to revive growth has no obvious right to win, but don't count them out just yet.
Probably yes. Revolt is. Nubank is. Who's next is a matter of timing and priorities. The new FDIC rule is smart but only a start.
While 99% of companies are talking a good game, a small few are winning. Ignore the hyperbole; there's a platform shift happening, but not with co-pilots.
International Wires, local clearing all have a last mile problem. There's a third rail now finally, getting traction. Stablecoins.
A more efficient algorithim will always be an edge; if you have enough data and experience to exploit it
The USA doesn't have a digital-only bank at the 100m+ user scale. Regulation, competition and fragmentation make this hard, but not impossible.
The Proposed FDIC Brokered Deposit rule wouldn't solve SVB or Evolve/Synapse, but it would make small banks less safe and sound
Is the fed action operation chokepoint or a nothing burger?
What do mobile banking, BNPL, and embedded finance have in common? They were all once "too small to matter."
Great UX reduces CAC, Cost to Serve and increases cross sell. Plus, my take on the Mercury / Choice / De-risking Saga.
