Listed below are what I contemplate to be the highest 10 most necessary fintech information tales of the previous week.
PayPal Enters Installment loan Enterprise Concentrating on Fintechs Affirm And Afterpay from Forbes – The already sizzling buy-now-pay-later area simply acquired even hotter. PayPal is now becoming a member of the fray with “Pay in 4” which is mainly a direct copy of what Afterpay does however with decrease charges.
BankThink: Colo. ‘true lender’ settlement is path ahead for bank-fintech partnerships from American Banker – This op-ed captures precisely why the Colorado settlement is an enormous deal for the bank-fintech partnership model. It offers a wise framework for different states to comply with.
Why BofA – Not Fintechs or Amazon – Ought to Hold Bankers Awake at Evening from The Monetary Model – Attention-grabbing piece about Bank of America and their digital initiatives. Based mostly on the info on this article it seems they’re the massive bank chief in terms of digital banking.
Insights: COVID-19 Efficiency Report, Quantity 11 from dv01 – The newest version of the dv01 efficiency report contains information from August. Regardless of authorities help operating out on the finish of July the American client is proving to be resilient in terms of paying again private loans.
The Fintech 250: The Prime Fintech Firms Of 2020 from CB Insights – This week CB Insights launched their third annual Fintech 250, an inventory of the highest personal #fintech firms impacting all areas of finance. A number of nice names on the checklist.
BankThink It’s time to tie banks’ enterprise models to buyer well-being from American Banker – It’s a travesty that banks provide merchandise which might be typically misaligned with their clients’ pursuits. Todd Baker and Corey Stone suggest a brand new regulatory framework the place banks can be evaluated on their influence on monetary well being. Nice thought!
No one Needs An On-line Bank (And Different Knowledge From Investing $100 Billion In Fintech) from Forbes – With $100 billion invested in fintech within the final three years Ron Shevlin offers 4 classes that VCs and fintech entrepreneurs ought to have discovered.
Wealthfront launches computerized financial savings, funding characteristic from Banking Dive – Wealthfront’s launch of their Autopilot software this week is an enormous deal. It is step one to a world of autonomous finance the place machines execute on a plan that routinely optimizes your funds.
Varo’s No Price Overdraft saved People greater than $100 million over the previous yr from Tearsheet – I hate overdraft charges however banks made $11.7 billion from them in 2019 with most of that coming from individuals who might in poor health afford the price. Varo has a no-fee overdraft that permits customers to overdraw their account by as much as $50, saving its clients $100 million since August 2019.
Ocrolus Maps the Fintech Lending Ecosystem from Lend Academy – Ocrolus resurrect the outdated Orchard Lendscape offering an updated Fintech Lending Market Map which is a good useful resource for the business.
