WORKWEEK

3 Fintech News Stories #1: Finding Money and Managing Paperwork What happened? A new fintech company called Aidaly came out of stealth: Caring for a family member is not only hard work, but expensive, too. Many family caregivers miss work (or stop working) and pay for medical expenses out of pocket. Aidaly was created to…

A rip current is a strong, localized, and narrow current of water that moves directly away from the shore. It occurs in places where there is a break in the sandbar or reef separating the beach from the ocean; waves come crashing in, and all the water gets sucked back out through that gap. According…

3 Fintech News Stories #1: The Y Combinator Problem What happened? Brex decided to abandon its small business customers: Brex had sent emails to tens of thousands of small businesses, telling them that the financial services company would no longer be able to serve their needs. After expanding its business from tech startups to traditional…

There is a widespread sentiment in fintech that the primary U.S. credit bureaus — Experian, Equifax, and TransUnion — are terrible at what they do and need to be replaced. There is also a simple economic reason why fintech companies are likely to believe this — the bureaus are massive. Here’s a quick example —…

3 Fintech News Stories #1: Closing the Homeownership Gap What happened? Fannie Mae and Freddie Mac are making some important and long overdue changes: Fannie Mae and Freddie Mac are implementing big reforms aimed at helping disadvantaged communities become homeowners and making sure homebuyers of color stay owners. The initiative from the two federally backed home mortgage…

3 Fintech News Stories #1: Open Banking Bipartisanship What happened? Truework added Plaid to its income verification flow: Truework Credentials empowers applicants to securely, instantly, and easily share their income and employment information directly within online loan applications. The addition of Plaid Income provides lenders with broader coverage through additional user-permissioned data. So what? “Wait”…