Tearsheet provides daily summaries of the top news stories and events, like this piece, in a nifty, neat, nicely-packaged daily email. Stay informed. Subscribe here.
The Identity Proofing Guide: How FIs can measure identity proofing success, and why we need biometrics
In this session of The Identity Proofing Guide: A practical hands-on review of user experience in leading solutions, we’re joined by David Milligan, managing partner at Ulysses Partners, and Ashim Banerjee, founder and CEO of IDMission.
Watch or listen to our fireside chat to learn about the state of identity proofing in financial services today, how FIs can measure their success in identity proofing, and why biometrics is so important.
Watch/listen/read more (sponsored by Ulysses)
The latest briefing
Lending Briefing: Embedded lending in a platform economy and Square dominating SMB financing
Changing market dynamics coupled with evolving consumer demands have allowed for a new business model to arise – embedded lending – which allows companies in any industry to integrate credit products to complement their existing services.
Embedded lending gives a company access to an infrastructure that it can use to begin financing its customers in any given industry. It seems to be the next evolutionary step of embedded finance and the ‘platformization’ of finance in general.
Also, it looks like Square has become one of the largest SMB lenders in the US.
Read more (exclusive to Outlier members)
Just look at the charts
- The rise of alternative payments
2. Unicorns are becoming more global
Source: Timo Dreger
Bad news for Apple’s fintech partners
Apple is looking to build in-house tools for a broad range of financial tasks, including payment processing, lending, and fraud analysis (Protocol)
A massive jump for Cross River Bank
Cross River Bank has raised $620 million at a valuation north of $3 billion and is adopting a crypto-first strategy (TechCrunch)
Visa unveils NFT-driven creator program
Visa is accepting applications for a one-year program aiming to help gig workers, entrepreneurs, and artists dive deeper into the commercial side of NFTs (Yahoo Finance)
DeFi corporate card from Paystand
Blockchain-enabled B2B payments firm Paystand has launched a corporate expense card with bitcoin rewards (Finextra)
Klarna launches open banking unit
Klarna Kosma is an API that companies can integrate into their services to access account statements, initiate payments, and fetch banking information (TechCrunch)
Stay ahead of the game with Outlier — Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators reading us every day.