WORKWEEK

3 Fintech News Stories #1: PNC is Trying to Become JPMC What happened? Following in JPMorgan Chase’s footprints, PNC announced that it is planning to significantly invest in its branch network: PNC Bank is to invest $1 billion in its coast-to-coast branch banking network in the US, overturning conventional wisdom about the value of brick…

You’ll be shocked to hear this, but the essay that I published a few weeks ago on banking-as-a-service (BaaS) generated a lot of passionate feedback. Some agreement. Some disagreement. All of it shared respectfully (which I deeply appreciate!) Overall, I ended up learning a lot from the folks I spoke with, and so I figured…

I have an unhealthy obsession with trying to parse meaning from seemingly anodyne speeches and documents. If I’d lived in a more paranoid age, I could have been a kremlinologist. Today, working in the financial services industry, I have to settle for trying to extract meaning from the dry, purposefully vague public statements made by…

Let’s start with some statistics: If all of this strikes you as A.) bad, and B.) trending in the wrong direction, I agree with you.  And the question that we, as an industry, need to ask is, “Why is this happening? Why is it that, at a time when we’ve never had more data and…