A Review of Fintech Takes’ Theories
I’m coming up on four years of writing Fintech Takes, and, in that time, I’ve come up with a lot of theories. The theories represent my best guesses for where fintech may be going. They often end up being incorrect, but that’s ok. For me, the process of trying to develop unified theories to explain…
Read MoreWe (Don’t) Want Your Business!
3 Fintech News Stories #1: One-Click ID Verification What happened? Plaid introduced a new feature within its ID verification product: Identity verification is a necessary step for anyone using digital financial apps and services – whether it is opening an account, applying for a loan, buying a car or renting an apartment. Now, a user…
Read MoreThe Only Way to Win is to Not Play
In 1995, Jim Barksdale was pitching Netscape to a room full of investment bankers. The company was in the final stages of going public, and Barksdale, Netscape’s CEO, was wrapping up an exhausting multi-country roadshow, trying to drum up investor interest in his company’s web browser. The last question he was asked, just before leaving…
Read MoreA Fintech x Franchises Crossover!
I am incredibly lucky to get to work with the Wolf of Franchises, an industry insider who has spent his career learning the ins and outs of the franchise industry. If your knowledge of the franchise industry is limited to your personal experience with McDonald’s, don’t worry. I was in the same boat. That’s why…
Read MoreThe OCC Knows What BaaS Is
In September of last year, I wrote an essay in my newsletter titled – Does the OCC Know What BaaS Is? The rationale for this cheekily-titled essay was a speech that Michael J. Hsu, the Acting Comptroller of the Currency, had given, in which he expressed concerns about the emergence of novel and complex bank-fintech…
Read MorePIVOT!
#1: PIVOT! What happened? Kasisto, maker of banking chatbots, is launching its own large language model: Kasisto today announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is Kasisto’s first generative AI application…
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