WORKWEEK

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 –…

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…

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…

3 Fintech News Stories #1: Two Camps What happened? Zest AI, a fintech infrastructure company founded in 2009, raised $50 million: Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced today a fresh expansion round of more than $50 million. So what? The interesting bit to…

I became deeply interested in this question last year, when Chime, the most popular neobank in the U.S., was ordered by the California Department of Financial Protection and Innovation (DFPI) to stop referring to itself as a bank and to make it clear to its customers and prospects that the actual banking services it offers…

3 Fintech News Stories #1: For The Children What happened? An interesting B2C fintech company raised a Series A: The daughter of divorced parents herself, Jacklyn Rome founded Onward in 2020 with the aim of helping divorced and separated parents more easily manage their shared expenses. Rome, who previously led new product launches at Uber…