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All The Fintech - Issue #10

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Happy Monday everyone, especially to those that have been holding Bitcoin for the past month with it
 
November 20 · Issue #10 · View online
All The Fintech
Happy Monday everyone, especially to those that have been holding Bitcoin for the past month with it hitting up to $8100 today. This week’s fintech round-up touches upon a wide of of topics from the future of the CFPB, increased competition in personal +SMB lending, and some moves from large financial institutions which I’ll touch upon below.
Over the past year, later stage US fintech companies have moved from an “unbundling” of financial service to more “rebundling”. For example:
The common playbook for early stage fintech is establishing a beachhead through a differentiated (some might say “niche”) product offering, growing + expanding user base, and then launching adjacent products. Always reminds me of Chris Dixon’s post that the next big thing will look like a toy
Meanwhile, we’re now starting to see the first responses from larger financial institutions:
Digital acquisition expertise + virality vs large existing network + household brands. 2018 is going to be fun…

The So What Last Week
Cordray to leave CFPB by end of month
Goldman Sachs' new online lending business just hit a $2 billion milestone
Twine - Product Hunt
PayPal to Introduce Customers to Robo Investing
Square Cash is letting some users buy and sell Bitcoin
Why Mobile Payments Are Still So Hard for J.P. Morgan
B of A, JPMorgan, Wells, Amex launch vendor management firm | American Banker
U.S. banks speed up with first new payment system in 40 years
NerdWallet lays off 11 percent of staff due to missing profitability goals
Kabbage gets $200M from Credit Suisse to expand its AI-based business loans
Coinbase going after hedge fund money with new cryptocurrency security platform - Business Insider
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