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All The Fintech - 4.26.18 - New Fintech Stack

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I was chatting with a founder of a fintech company last week in New York and one of their comments re
 
April 26 · Issue #24 · View online
All The Fintech
I was chatting with a founder of a fintech company last week in New York and one of their comments really stuck out to me. “Financial services is the only space I know where as a client, I literally have to spend a huge amount of time to convince vendors that I want to pay and use their services.” Vendors and companies within financial services have historically been able to protect their revenue due to how difficult it is to rip out a financial provider as well as the dearth of selection. Nevertheless, we’re starting to see a shift across enterprise technology where increasingly buyers have more complete information, and the buying decision is less around who you know versus actually creating value. Over the past few years, a new financial stack is starting to slowly emerge for building new products in fintech (often powered by APIs), and I think it’s only a matter of time before large incumbents will be forced to be more transparent in regards to pricing, process, and integration effort. 

The So What
LendingClub deceived and double-charged borrowers, FTC says in lawsuit; stock dives 15%
Digital banking startup Revolut raises $250M at a valuation of $1.7B – TechCrunch
Cashback app Dosh raises $44M on a $240M valuation from PayPal and more – TechCrunch
Digit’s first move beyond saving money is a feature to pay down credit card debt
PayPal Forecasts Growth, Easing Concerns Over Losing EBay
Adyen Revenue 2017
Mulvaney, Watchdog Bureau’s Leader, Advises Bankers on Ways to Curtail Agency
Nasdaq is open to becoming cryptocurrency exchange, CEO says
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