I Can’t Figure Figure Out

3 FINTECH NEWS STORIES #1: You Can’t Democratize Private Banking   What happened? Onyx Private, a neobank and wealth management platform for rich young people, is pivoting: Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning Millennials and Gen Zers, is terminating its bank operations. Co-founder and CEO Victor…

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Want to be Helpful? Focus on Founders’ Mental Health

(Editor’s Note – Today’s essay was written by Matt Harris. Matt is the founder of TwentySeven Nine, a company that builds products and services in order to make the founder journey easier. In addition to coaching over 10 founders backed by VCs like a16z, Index, Deciens, General Catalyst, and Harlem Capital, Matt has also founded…

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Credit Decisioning’s OS Moment

Let’s start with an observation – the development of innovative technology tends to start out narrowly, focused on specific use cases and problems. However, what distinguishes truly disruptive technology is the transition that it makes from a purpose-built solution to a more generalized capability. Take computers, for example. In the early days of computing, machines…

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NFTs are Officially Over

3 Fintech News Stories #1: WOW! This seems unsustainable! What happened? MoneyLion introduced a new premium subscription: Priced at $9.99 a month, MoneyLion WOW offers members exclusive benefits like cash back on first- and third-party products and offers. Together, these can add up to hundreds of dollars in benefits each year, according to a presentation…

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Who Watches the Watchers?

This week, the Financial Data Exchange (FDX) – the preeminent open banking standards-setting organization in the U.S. – hosted its annual global summit.  As I understand it, most of the event was a festival of gloriously nerdy developer talk, available only to FDX members (of which I am not). However, I was able to attend…

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Apple’s Emerging Data Access Platform

3 FINTECH NEWS STORIES #1: How Many People Should Have Credit Cards? What happened? The CFPB issued its final rule, amending Regulation Z and capping credit card late fees: In 2010, the Federal Reserve Board of Governors voted to issue a regulation implementing the CARD Act, which made clear that banks could only charge fees…

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