Through the week I share the most recent market lending and fintech information on Twitter because it occurs. Then each Saturday I take probably the most fascinating information objects and weblog posts from the previous week and share them right here.
four methods a Credit score Karma deal might repay for Intuit by American Banker – We will all the time depend on Penny Crosman to carry us perception into the massive fintech information. This deep dive into the Intuit/ Credit score Karma deal is illuminating.
Why Credit score Karma Shouldn’t Promote To Intuit by Forbes – Right here is the contrarian perspective on the Intuit/ Credit score Karma deal from Ron Shevlin and why perhaps an organization like Amazon could be a greater match.
JPMorgan Chase in talks to launch digital financial institution in UK by Monetary Occasions – There was different huge information this weekend past the Intuit/Credit score Karma deal. JPMorgan Chase introduced they wish to open a digital financial institution within the UK (I hope they’ve realized one thing from their Finn experiment right here).
UK digital banks add six million clients in six months however common deposit balances drop by Altfi – The Accenture Digital Banking Tracker experiences that UK digital banks added 6 million new clients in H2 2019 to 20 million complete, however common deposit steadiness dropped 25%. So, it was not all excellent news.
The Energy Of Objective: Fintech’s Function In Stakeholder Capitalism by Forbes – One other nice piece from Jennifer Tescher. In fintech it’s notably essential to keep in mind that your product must end in good outcomes for shoppers/companies. As she says, “a great end result is what builds belief”.
Alpha (fundraising) and Omega (exits) by Fintech Junkie – It’s all the time fascinating to learn the Frank Rotman’s Fintech Junkie, notably along with his newest publish, that shares some particulars about QED Traders collection A in Credit score Karma ten years in the past.
We shouldn’t have to attend for FedNow to have sooner funds by American Banker – Nice op-ed by Aaron Klein and George Selgin on the Fed’s mishandling of sooner funds and the detrimental penalties this has had for poorer Individuals.
What N26’s UK exit tells us about coming into new markets by 11:FS – Sarah Kocianski seems on the classes realized by the failure of N26 within the UK and why you want a differentiated providing that’s tailor-made to the native market you’re coming into.
Lendio Closes $55M Collection E Funding Spherical Led by Mercato Companions by Lendio – Small enterprise mortgage market Lendio has secured $55 million in capital, together with $31 million in fairness led by Mercato Companions’ Traverse Fund and a $24 million debt facility from Signature Financial institution.
Capital One To Focus On Digital, Shut 37 Areas by PYMNTS – Not precisely shocking however Capital One is explicitly saying that they are going to be placing extra concentrate on digital channels going ahead.