Posts tagged N26
Cash App, Venmo, Digital Wallets and Challenger Banks with ARK Invest
Cash App, Venmo, Digital Wallets and Challenger Banks with ARK Invest

Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.

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neobank, paytech, eCommerceLex SokolinARK Invest, Square, Venmo, WeChat Pay, Ant Financial, Samsung, Apple, Goldman Sachs, Zelle, PayPal, N26, Bitcoin, Gen Z
Inside The Decision to Shutter Moven’s B2C Business, with Brett King
Inside The Decision to Shutter Moven’s B2C Business, with Brett King

Today we're joined by Brett King, founder and executive chairman of Moven, one of the world's original digital banks, and Lex Sokolin, global head of fintech at ConsenSys. Lex and I discussed Moven's recent announcement to shutter its B2C business on episode 170 of Rebank. And we're happy to have the opportunity to connect with Brett directly to discuss the decision in more detail.

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digital transformation, neobank, venture capitalLex SokolinMoven, Brett King, Google, Apple, Simple Bank, TD Bank, Westpac, Monzo, CBW Bank, The Bancorp, TxVia, Revolut, Chime, MoneyLion, ACH, N26
Betterment launches bank accounts into a world that has changed completely
Betterment launches bank accounts into a world that has changed completely

This week, we look at Betterment launching a bank account and payments feature. They are not the first, but they could be the best! Still, it feels like the world has moved on. Barriers to entry around digital finance have collapsed, and shifted industry goal posts. Hundreds of companies are integrating API-based solutions that connect to banking and investment entities. Amazon, Google, and Apple are there already. And let's not forget the incredible pressure from the COVID recession: 20MM+ unemployed, $100 billion decrease in global remittances, 1 in 8 banks being unprofitable. Is it time for incremental improvement, or a sea change?

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digital investing, neobank, roboadvisor, macroeconomics, covid pandemicLex SokolinBetterment, Personal Capital, Merrill Lynch, Lehman Brothers, N26, Monzo, SoFi, Amazon, Tink, Galileo, DriveWealth, Stripe, Simple Bank, Moven, The Bancorp, CBW Bank
JP Morgan's dead Neobank mistook Digital for a Channel, EOS Voice is $150MM in the wrong direction
JP Morgan's dead Neobank mistook Digital for a Channel, EOS Voice is $150MM in the wrong direction

JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?

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digital transformation, eCommerce, regulation & complianceLex SokolinJP Morgan, Finn, Wells Fargo, Mettle, Chime, Revolut, N26, Amazon, EOS, Voice, Facebook, Steemit, MoneyLion