The Most Intriguing (and Terrifying) Fintech Use Case for Generative AI
I’ve been playing around with generative AI tools for the last few months, occasionally using them to write my intros or create images when I couldn’t find or build the exact thing I wanted. These experiments have been diverting and, occasionally, valuable for my work. However, I haven’t seen or experienced anything in this generative…
Read MoreFollow the Leader
3 FINTECH NEWS STORIES #1: Follow the Leader What happened? A new social investing app raised $9 million in new funding: If you’d like to invest the same way that fintech influencers, including Austin Hankwitz, WOLF Financial, Breyanna Nava and Patrick Meng do, Follow can help you do that. The new social investment platform enables…
Read MoreWhat’s the Difference Between Fraud and Scams?
A general critique that I have of banks is that their competence in risk management and focus on short-term profits often interfere with their ability (and even desire) to solve problems for their customers. Once you learn to look for it, you see this all over the place in financial services. The tens of millions…
Read MoreBut I Reeeally Want It
3 FINTECH NEWS STORIES #1: Cash App Adds Savings What happened? New Cash App feature dropped: Block Inc.’s Cash App unit says it is attempting to make it easier for consumers to salt away money with the introduction of Cash App Savings. The new feature allows Cash App users to deposit savings into a separate…
Read MoreThe Past, Present, & Future of Big Bank Consortiums
In last week’s essay – Big Banks’ Next Big Bet – I wrote about Early Warning Services’ plans to launch a digital wallet to help its owner banks (EWS is owned by a consortium of seven large U.S. banks) compete with PayPal and Apple. The focus of the essay was narrow – will Belle (I…
Read MoreWould You Get a Fintech Takes Credit Card?
3 FINTECH NEWS STORIES #1: Sell to Banks! What happened? A fintech infrastructure provider in the fraud management space raised a Series B: Inscribe closed a $25 million Series B funding round led Threshold Ventures with participation from Crosslink Capital, Foundry, Uncork Capital, Box co-founder Dillon Smith and Intercom co-founder Des Traynor. The infusion brings…
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