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Daily Tearsheet: Could the US climate bill be the push the system needed? And offering personalized banking in a downturn

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Daily Tearsheet: Could the US climate bill be the push the system needed? And offering personalized banking in a downturn

Join us for a day full of critical insights, invaluable discussions, and in-person networking opportunities at Tearsheet’s Power of Payments Conference on Sep 15th, Current, Chelsea Piers, NYC.


Could the US climate bill be the push the system needed?

The climate bill included in the Inflation Reduction Act passed by the US Senate is likely to be enacted into law – a move that could catalyze a pivotal moment for the financial services industry to view the clean energy sector as one of opportunity rather than compromise.

Nearly $375 billion is set to be invested in different strategies aiming to reduce the country’s carbon emissions, mostly through renewable energy investments and tax rebates for consumers to purchase electric vehicles.

This means that the legislation will drastically increase the deployment of capital in the clean technology sector and move the US closer to meeting its Paris commitments.

Read more

The 2022 guide to DataDay

Financial data continues to power the modern digital finance ecosystem. Tearsheet’s DataDay Guide 2022 highlights the big trends, changes, and the companies and products behind the important moves.

Read more

The latest briefing

Banking Briefing: Offering personalized banking in an inflationary environment

The financial situation seems to be challenging digital banks to rethink their personalization tactics – going past mere free ATM networks and cashback offers.

Put another way, neobanks have become experts in offering consumers t-shirts in their favorite colors. But in times of strong winds and ever-graying clouds, can they offer coats as well?

Through its partnership with SpringFourMission Lane, a digital bank focused on consumers who struggle with building credit, aims to solve this very challenge. 

Read more (exclusive to Outlier members)

Just look at the charts

1. Super apps vs super wallets

Source: David Jimenez Maireles

2. Share of CFPB complaints among major card issuers

Source: Jason Mikula

Today’s stories

QuickBooks launches ecommerce marketplace for SMBs
Intuit QuickBooks is making a move from a back-office mainstay to an integrated SaaS platform. With its latest offering, Trada, the company is aiming directly at a segment of a market that’s been notoriously slow to digitize: wholesale trade. (PYMNTS)

Ally Financial helps fill the pipeline to fintech jobs
46 students with a limited technical background in coding will transition into new roles at major Charlotte-based fintech and technology companies after completing a 24-week intensive program. Ally will bring 18 graduates on board as part of its commitment to creating career opportunities and economic mobility pathways for underrepresented communities. (Charlotte Weekly)

Crypto options trading has been a rare bright spot amid a bear market
Several crypto exchanges have noted rising trading volume after reaching lows earlier this year. Options strategies have figured prominently among institutional investors and even miners, as they try to weather crypto’s volatility and a downturn that could last for months, or longer, despite recent hopeful macroeconomic signs. (CoinDesk)

Are debt financings the new venture round for fintechs?
In the current downturn, the number of companies that are securing debt capital or credit facilities appears to be on the rise. This could be for any number of reasons – some founders might be struggling to raise venture dollars, while others don’t want to, preferring not to dilute ownership. (TechCrunch)


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