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The Banking Podcast Ep. 18: Faced with a bad market, will financial super-apps-in-the-making revert to what they’re good at?
In this episode of Tearsheet’s Banking Podcast, Josh Liggett, investment team principal at OurCrowd joins co-host Zack Miller, Tearsheet’s Editor-in-Chief, to explore:
- The impact bad markets will have on banking and fintech
- The revenue potential for banks moving into BaaS
- BNPL regulation
- Crypto-backed mortgages
Case study: How Intuit’s newest upgrade of Mint helps consumers save on bills and subscriptions
Intuit and ApexEdge have distinct offerings, united by a shared mission: financial literacy. Both firms create offerings intended to help consumers better understand and manage their finances, as a gateway to a better, healthier life.
Mint, Intuit’s free personal finance manager, enables its 30,000 users to get a holistic view of their finances. With a great deal of data on consumers’ daily financial behaviors, Mint discovered a problematic pattern: people are spending a lot of money on subscriptions and bills month to month.
So to go a step further, Intuit Mint partnered with ApexEdge’s Billshark, now offering Mint users the ability to see what they’re spending on bills and subscriptions — and negotiate their rates, or cancel subscriptions hassle-free.
The latest briefing
Green Finance Briefing: Sustainability is now a top 5 corporate priority
Sustainability is quickly rising through the ranks to represent a core value on the corporate agenda – consumers are increasingly becoming climate-conscious, and stakeholders want the companies they’ve invested in to start changing their practices toward truly becoming sustainable.
Board members and investors are demanding greater transparency and accountability around sustainability, which has become executives’ greatest organizational challenge, according to an IBM study that interviewed 3,000 CEOs worldwide — and showed that they are feeling pressured to start employing sustainable strategies.
Read more (exclusive to Outlier members)
Just look at the charts
1. IPO activity grinds to a halt in Q1
2. The growth of fintech and DeFi
Nationals ballpark is unaffected by Terra’s de-peg
Terra may be on the ropes after last week’s dramatic death spiral, but the cryptocurrency’s name is still loudly emblazoned on the ballpark of Major League Baseball’s Washington Nationals (CoinDesk)
New Goldman Sachs policy gives bosses unlimited vacation
Goldman Sachs will allow partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge” (Financial Times)
Better.com, from bad to worse
An S-4 filed by Aurora Acquisition Corp., the company that planned to merge with Better.com via a SPAC, revealed that the firm suffered a loss of more than $300 million last year, a sharp turnaround from its profitable 2020 (TechCrunch)
Zelle is making its way into US retail payments
Stakeholders are looking at whether to use Zelle for account-to-account payments for retail transactions in the US, bypassing traditional card payments (Forbes)
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