Industry expects open banking will have the greatest impact in retail banking

10-Q, Member Exclusive

Jane Fraser sees a future in tokenized deposits. Coinbase shows why Citi needs stablecoins, too.

• Citi sees tokenized deposits as a lower-friction way for corporate clients to move money on blockchain while keeping funds within existing banking relationships.
• Its expanded Coinbase partnership brings stablecoin acceptance and conversion into the mix, helping Citi defend its role in corporate treasury as digital payments evolve.

Designing new products, Member Exclusive, Opinion

Banking has had a product mindset problem, but it might be starting to get better

• The product mindset gap comes down to whether banks build around internal structures or the problems customers are trying to solve.
• AI is pushing product thinking further, challenging banks to move beyond features and interfaces toward responsive products that understand context and help customers get things done.

Blockchain and Crypto, Member Exclusive, Payments

Coinbase is taking stablecoin rails into banking, expanding the market for both

• Coinbase is expanding stablecoin payments through banking networks of all sizes to diversify beyond trading revenue.
• Moov connects Coinbase to community banks, while Citi opens access to institutional payment flows.

10-Q, Member Exclusive

Financial companies are building closer to the customer

• EverBank-WaFd shows banks moving beyond the digital-versus-branch debate, combining EverBank’s digital deposits and national lending with WaFd’s branches and relationship banking to own more of the customer relationship.
• Circle-Tazapay takes a similar approach from the payments side, adding banking relationships and local payment rails around USDC.

Business of Fintech, Member Exclusive

Can banks buy fintechs without losing what makes them work?

• Can a bank absorb a fintech’s customers, technology, and talent without losing the product judgment and culture that made those assets valuable in the first place?
• Valley Bank’s acquisition of Bluevine puts that question into practice, with implications for product development, customer acquisition, and technology strategy.