The idea of Apple, Google, Amazon or Facebook getting into banking is not new. The possibility has been discussed for years with little to no information coming from the actual tech companies on when or if an offering would ever come to fruition. So far we’ve only seen ancillary products like the Apple Card, Google […]
Today’s News
- Is 2020 the Year Consumers Get Their Wish of Bank Account from a Big 4 Tech Company?A new Harris Poll survey by Ondot Systems asked Americans their thoughts about banking with big tech companies like Apple, Google, Amazon and Facebook; 64 percent of respondents said they would consider buying or applying for financial products from big tech; 81 percent of those 18 to 34 years old said they would prefer big […]
- Klarna Reports Annual Loss for the First TimeSwedish fintech startup Klarna, who along with Revolut are valued as the highest fintechs in Europe, took an annual loss for the first time in their history; the company reported a loss of $113mn for 2019 as the company made big investments in an engineering hub in Germany; the company saw a 31 percent rise […]
- Amazon Sellers Struggle to Find Financing Outside of AmazonOver the years Amazon has received lots of scrutiny from the public; however one area that is often overlooked is the third party sellers on the platform and in particular, how they get access to financing; small businesses who sell on Amazon often have no other option but Amazon for funding since sellers don’t have […]
LATEST PODCASTS
Podcast 235: David Brear of 11:FS
I love listening to podcasts. I have about 20 different shows on my playlist and one that I listen to regularly is the 11:FS Fintech Insider podcast from the UK consulting firm 11:FS. But 11:FS is about way more than just podcasts. They have become, quite possibly, the leading consultancy firm in all of fintech […]
Podcast 234: Michele Romanow of Clearbanc
Many startup entrepreneurs look to Silicon Valley as their ideal source of capital. But in doing say they often dilute their ownership significantly. The crazy thing is that for many companies the bulk of their hard earned capital goes to spending on Google or Facebook ads. There is now a better way. Our next guest […]
Podcast 233: Sankaet Pathak of Synapse
I don’t think anyone would argue that back office banking infrastructure needs to change. Fintech companies and even banks these days want to work with companies that can provide a customizable, API-driven system that allows them to add new functionality quickly and easily. There are a number of emerging companies that are working on providing […]