Young People Don’t Like Old Tech

Three Fintech News Stories #1: A New Type of Liability Shift What happened? The big banks are devising some new rules for refunding customers who lose money to scams through Zelle: Banks are required to refund customers for transactions they didn’t authorize, but there is no such protection for customers who are duped into sending…

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A Heaping Plateful of Fintech Takes

Ok, here’s the plan. I’m going to lay out a draft schedule for Thanksgiving Day and then pair fintech content recommendations (both my content and great content from other folks) for every part of the day. A couple of notes: The draft schedule reflects my own personal Thanksgiving schedule, which may be very different than…

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Don’t Chase a Bad Hand

3 Fintech News Stories #1: Attacking Money-adjacent Problems  What happened? Daylight raised a Series A: Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, announced a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. So what? I first wrote about Daylight in an…

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Fintech’s Steroid Era

There have only been six times in the nearly 150-year history of professional baseball that a player has hit more than 62 home runs in a single season. Curiously, all of those instances happened within a four-year stretch: 1998 – Sammy Sosa – 66 1998 – Mark McGwire – 70 1999 – Sammy Sosa –…

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The People’s Financial Institution

3 Fintech News Stories #1: PayPal Wins. Apple Wins More. What happened? Apple and PayPal have made up: PayPal and Apple have struck a deal to start accepting each other’s payments products within their separate ecosystems. The pair have agreed to let US merchants accept contactless payments on their iPhones – using Apple’s new Tap…

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The Evolutionary Imperative to be Boring

The job in banking, as I have recently written, is to provide a safe place for customers to keep, access, and think about their money. The temptation in banking is to use those large piles of money to make more money. A few good ways of doing this include: Lending money. Investing money. Lending yourself…

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