10 Takeaways From Finovate

Finovate Fall, one of my low-key favorite fintech events, was this week, and in keeping with the established tradition here at Fintech Takes, I would like to share 10 takeaways that I had from the conference. Ready? Here we go. 1.) Fintech Is Boring! I had the pleasure of presenting at Finovate this year on…

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To a Hammer …

#1: To a Hammer …   What happened? The Director of the CFPB spoke publicly about the pernicious influence of Big Tech over in-person contactless payments: In a more open and decentralized payments market, we would expect that there would be a plethora of players leveraging tap-to-pay functionalities. We might expect to see lots of companies…

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Plaid’s Perfect Timing

Mario Gabriele, the creator and author of The Generalist, recently published a piece on the past, present, and future of Plaid. With a word count just shy of 15,000, calling this thing comprehensive would be a big understatement. It’s an incredible collection of reporting and analysis, built on interviews with multiple Plaid executives (including CEO…

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The Stock Market is Dumb

3 Fintech News Stories #1: How Many Intermediaries Are Too Many Intermediaries?  What happened? Fiserv partnered with Akoya on open banking: Fiserv Inc. is working with data aggregator Akoya LLC to enable consumers to share their financial data with fintech and third-parties with which they do business in a way that doesn’t expose a consumer’s…

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The Messy Middle of Unbundling and Rebundling

With the benefit of hindsight, it’s easy to see the truth in Jim Barksdale’s famous quote. Over a long enough time period, everything is indeed either bundling or unbundling. I’m sure future historians of the media industry will be able to clearly explain the dynamics that drove the unbundling of cable and the rise of…

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Apple, Playing Chess

The Son of Man (1964) by René Magritte. 3 FINTECH NEWS STORIES #1: Current Adds a Credit Builder Card  What happened? Current introduced a credit builder card in partnership with Cross River Bank: Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million…

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