Tearsheet

10/30/2020

JPMorgan launches JPM Coin, invites banks and fintechs to build on its blockchain

https://www.coindesk.com/jpmorgan-invites-banks-and-fintechs-to-build-on-its-revamped-blockchain-network

10/30/2020

Fintech startup SoFi gets preliminary approval for U.S. bank charter

https://www.reuters.com/article/sofi-bank-charter/update-1-fintech-startup-sofi-gets-preliminary-approval-for-us-bank-charter-idUSL1N2HJ1L7

10/29/2020

TikTok and Shopify partner on embedded payments

https://finovate.com/tiktok-and-shopify-partner-on-embedded-payments/

10/29/2020

This is Goldman’s bet to break into a $32 billion industry serving the world's biggest corporations

Goldman just released software that allows clients to embed banking services into their own products

https://www.cnbc.com/2020/10/28/this-is-how-goldman-intends-to-break-into-the-32-billion-industry-serving-c.html

Decades late to the global cash management industry ruled by Citigroup and JPMorgan Chase, Goldman hopes to leapfrog rivals by offering a fresh approach.

10/29/2020

Building the primary financial account of the cryptoeconomy, Coinbase to launch a debit card

https://tearsheet.co/blockchain-crypto/coinbase-launches-a-debit-card-enters-challenger-banking/

10/28/2020

Building the primary financial account of the cryptoeconomy, Coinbase to launch a debit card

https://tearsheet.co/blockchain-crypto/coinbase-launches-a-debit-card-enters-challenger-banking/

10/28/2020

OnDeck Originated $148M in Loans in Q3, is Moving Full Speed Ahead Under Enova

OnDeck originates $148 million in loans in Q3, moving full speed ahead under Enova

https://debanked.com/2020/10/ondeck-originated-148m-in-loans-in-q3-is-moving-full-speed-ahead-under-enova/

OnDeck more than doubled its Q2 loan volume, according to statements made on Enova’s latest quarterly earnings call. OnDeck originated $148M in Q3 versus the $66M in originated in Q2. For frame of reference, this is still down significantly from the $618M that the company originated in Q4 2019, we...

10/28/2020

Brex Launches 'Instant Payouts' For eCommerce | PYMNTS.com

Brex launches ‘Instant Payouts’ for ecommerce firms

https://www.pymnts.com/news/ecommerce/2020/brex-launches-instant-payouts-service-for-ecommerce-firms/

San Francisco-based FinTech Brex has unveiled an Instant Payouts feature aimed at helping eCommerce sellers even out their cash flow.

10/28/2020

‘Challengers are only interested in direct deposit now’: ClickSwitch’s Cale Johnston on becoming a customer’s primary bank

https://tearsheet.co/podcasts/challengers-are-only-interested-in-direct-deposit-now-clickswitchs-cale-johnston-on-becoming-a-customers-primary-bank/

10/27/2020

New speakers from Q2, Marqeta, and TransferWise announced for the Embedded Conference

https://tearsheet.co/announcement/new-speakers-from-q2-marqeta-and-transferwise-announced-for-the-embedded-conference/

10/27/2020

‘Challengers are only interested in direct deposit now’: ClickSwitch’s Cale Johnston on becoming a customer’s primary bank

https://tearsheet.co/podcasts/challengers-are-only-interested-in-direct-deposit-now-clickswitchs-cale-johnston-on-becoming-a-customers-primary-bank/

10/26/2020

‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards at businesses that don’t accept them

https://tearsheet.co/payments/the-nice-thing-about-our-model-is-everyone-wins-plastiq-allows-consumers-to-use-credit-cards-at-businesses-that-dont-accept-them/

10/26/2020

‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards at businesses that don’t accept them

https://tearsheet.co/payments/the-nice-thing-about-our-model-is-everyone-wins-plastiq-allows-consumers-to-use-credit-cards-at-businesses-that-dont-accept-them/

10/23/2020

Google Cloud launches Lending DocAI, its first dedicated mortgage industry tool

https://techcrunch.com/2020/10/19/google-cloud-launches-lending-docai-its-first-dedicated-mortgage-industry-tool/

10/23/2020

Inside the Techstars and Western Union Accelerator

https://tearsheet.co/payments/inside-the-techstars-and-western-union-accelerator/

10/23/2020

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

https://www.cnbc.com/2020/10/21/jpmorgan-takes-on-square-and-paypal-with-smartphone-card-reader-faster-deposits-for-merchants.html

JPMorgan Chase is making a play to sell more services to millions of American small business owners, CNBC has learned.

10/23/2020

Inside the Techstars and Western Union Accelerator

https://tearsheet.co/payments/inside-the-techstars-and-western-union-accelerator/

10/22/2020

Inside the Techstars and Western Union Accelerator

https://tearsheet.co/payments/inside-the-techstars-and-western-union-accelerator/

10/22/2020

PayPal to open up network to cryptocurrencies

PayPal to open up network to cryptocurrencies

https://www.reuters.com/article/paypal-cryptocurrency/update-1-paypal-to-open-up-network-to-cryptocurrencies-idUSL1N2HC0PL

PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.

10/22/2020

Walgreen Customers Can Pay With FIS Reward Points | PYMNTS.com

Walgreen customers can now pay with FIS reward points

https://www.pymnts.com/news/loyalty-and-rewards-news/2020/walgreen-customers-can-now-pay-with-fis-reward-points/

Walgreens joins FIS's digital rewards payments network, allowing customers the potential for new advantages when shopping.

10/21/2020

‘We want to get to a segment of one’: Inside Citi’s 5 year plan for digital

https://tearsheet.co/new-banks/we-want-to-get-to-a-segment-of-one-inside-citis-5-year-plan-for-digital/

10/21/2020

For financial-services firms, inter-industry partnerships are the pathways to growth

For financial-services firms, inter-industry partnerships are the pathways to growth

https://www.strategy-business.com/article/For-financial-services-firms-inter-industry-partnerships-are-the-pathways-to-growth?gko=0b3e1

Companies on both ends of these alliances can fire up revenues more quickly and with less risk than if they try to go it alone.

10/21/2020

Diebold Nixdorf’s Simon Powley on the integration of physical currency and digital tools

https://tearsheet.co/podcasts/diebold-nixdorfs-simon-powley-on-the-integration-of-physical-currency-and-digital-tools/

10/21/2020

Goldman-Backed Fintech Goes on Hiring Spree to Face Big Banks

Goldman-backed fintech goes on hiring spree to face big banks in Brazil

https://www.bloomberg.com/news/articles/2020-10-20/goldman-backed-fintech-goes-on-hiring-spree-to-face-big-banks

A company created in a garage 4,500 miles from Wall Street has become Goldman Sachs Group Inc.’s latest bet to shake up Brazil’s financial system.

10/21/2020

‘We want to get to a segment of one’: Inside Citi’s 5 year plan for digital

https://tearsheet.co/new-banks/we-want-to-get-to-a-segment-of-one-inside-citis-5-year-plan-for-digital/

10/20/2020

How digital banks are outperforming traditional retail banks, in 4 charts

https://tearsheet.co/uncategorized/how-digital-banks-are-outperforming-traditional-retail-banks-in-4-charts/

10/20/2020

Afterpay moves into banking

Afterpay to roll out bank accounts

https://www.theaustralian.com.au/news/latest-news/afterpay-teams-up-with-westpac-to-offer-savings-account-for-australians/news-story/af456982b0a3f530b820c8058be33743

Afterpay has teamed up with Westpac to launch the buy now, pay later providers first savings account in Australia, which it says will be a banking product for budget focused consumers.

10/20/2020

‘We want to get to a segment of one’: Inside Citi’s 5 year plan for digital

https://tearsheet.co/new-banks/we-want-to-get-to-a-segment-of-one-inside-citis-5-year-plan-for-digital/

10/20/2020

Goldman Sachs open sources its data modeling platform through FINOS

https://www.linuxfoundation.org/press-release/2020/10/goldman-sachs-open-sources-its-data-modeling-platform-through-finos/

10/20/2020

During pandemic, Personal Capital sees customer inflows, positive feedback for recent rebrand – Tearsheet

During pandemic, Personal Capital sees customer inflows, positive feedback for recent rebrand

https://tearsheet.co/future-of-investing/during-pandemic-personal-capital-sees-customer-inflows-positive-feedback-for-recent-rebrand/

Online investment platform Personal Capital has supported record levels of customers who are remotely connecting to their money. The company has seen a 60 percent increase over normal load in its dashboard app – nearly double during peak hours traffic.

10/19/2020

Diebold Nixdorf’s Simon Powley on the integration of physical currency and digital tools

https://tearsheet.co/podcasts/diebold-nixdorfs-simon-powley-on-the-integration-of-physical-currency-and-digital-tools/

10/19/2020

Keeping Up With Kabbage

What's going on at Kabbage after the Amex acquisition

https://debanked.com/2020/10/keeping-up-with-kabbage/

On Friday, American Express announced that it had completed its acquisition of Kabbage. “Kabbage, An American Express Company will continue to provide quick and easy cash flow management solutions for small businesses, now backed by the trust, service, and security of a American Express,” Americ...

10/19/2020

For Visa and PayPal, opening up real-time access to funds for consumers and small businesses is now more vital than ever

https://tearsheet.co/sponsored-by-visa/for-visa-paypal-opening-up-real-time-access-to-funds-for-consumers-and-small-businesses-is-now-more-vital-than-ever/

10/19/2020

Plaid denies misleading customers, using trademarks unfairly after TD Bank lawsuit

Plaid denies misleading customers, using trademarks unfairly after TD Bank lawsuit

https://www.ctvnews.ca/business/plaid-denies-misleading-customers-using-trademarks-unfairly-after-td-bank-lawsuit-1.5148288

Plaid Inc. denies it has used TD Bank's logo to dupe customers into handing over personal information that the U.S.-based data company could monetize and says it's disappointed a TD subsidiary has filed a lawsuit against it.

10/19/2020

Navigating the ‘convergence’ of product streams: Conclusions from the Tearsheet Challengers Conference

https://tearsheet.co/new-banks/navigating-the-convergence-of-product-streams-conclusions-from-the-tearsheet-challengers-conference/