A month ago, my investment banking group hosted Rosenblatt’s 12th annual FinTech summit, bringing together 400 investors and senior industry executives from the US, UK, Europe, India, Hong Kong, and Singapore. There were three panel discussions on cutting-edge FinTech topics with the CEOs of 15 leading FinTechs. Here are salient points discussed during each of…
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FinTech – On March 18, 2020, a couple of days after New York City public schools closed due to the coronavirus, Jasmine Freeman Jones had to resign from her crossing-guard job to take care of her children. Her rent on her Brooklyn apartment was overdue, and she worried about her kids’ education. Although the city…
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Fintech – The coronavirus outbreak is having a wide range of side effects, from pasta shortages at U.S. grocery stores to a rise in stock prices for videoconferencing companies. The widening ripples could reach far-off distances and unexpected industries, including financial technology. If people aren’t traveling due to virus fears, they’re spending less on their…
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Varo Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries. The…
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JPMorgan Chase is planning to ban fintech apps from using customer passwords to access their bank accounts and data, according to the Financial Times. Instead, the banking giant is working on a system that uses tokens to send third parties a narrower range of data in a secure form, per Chase’s head of digital Bill…
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FinTech – An income-share agreement as an alternative to personal loans. A cheap money transfer system for the unbanked. A faster, cheaper payment processing system. What do these innovative financial products have in common? They’re all being tested in Arizona’s fintech sandbox. And they all represent the potential of a regulatory sandbox to allow financial…
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