WORKWEEK

3 Fintech News Stories #1: July 1, 2023: The Day Debit Interchange-only Business Models Die  What happened? The Federal Reserve finalized a new rule: The Federal Reserve on Monday voted to finalize a proposal to clarify a rule requiring more than one debit card network be available for routing all transactions, including those online. In…

… is that it’s unpredictable. Now, let’s pause here and cup a hand around our ear and listen for the indignant objections of all those who work for or invest in BNPL providers … it should just be a sec … Unpredictable?!? WTF? Our product is vastly more predictable and transparent and safe to use…

3 Fintech News Stories #1: Good Timing What happened? Yet more product innovation in the business banking and corporate spend management space: Rho announced Prime Treasury, a tailored treasury management offering built into Rho’s automated finance platform. Prime Treasury, a new, registered investment advisor subsidiary of Rho, will help growth-stage, US-based businesses protect their capital…

Here’s my working theory for today’s essay: The best thing about building fintech products 10-15 years ago was the complete and utter lack of fintech infrastructure available for founders to use.  Now, I know that the OG fintech founders out there may balk at this statement. I know what they went through to get those…

3 News Stories #1: The Most Comprehensive Corporate Spend Management Platform  What happened? I guess I’m just going to keep writing about this space: Rippling has launched spend management products that integrate with its existing payroll solution, enabling finance leaders and controllers to view and manage spend across their company on a single platform. The…

226,929. That’s the number of words I’ve written in this newsletter since I started it, just over three years ago. I find that a bit staggering. It sometimes feels like I’ve been writing Fintech Takes for a decade. And other times it feels like I just got started. But 226,929 words? That’s a terrifyingly large…