Member Exclusive, New banks

9 insightful things overheard at Tearsheet’s 2021 Convergence Conference

  • Tearsheet's Convergence Conference set the tone on how banks, investment and payment firms, and fintechs are planning their product roadmaps.
  • It's clear that the trend of rebundling the bank will continue, as we see the emergence of super apps.
close

Email a Friend

9 insightful things overheard at Tearsheet’s 2021 Convergence Conference

Tearsheet’s Convergence Conference last week generated a lively discussion around the trajectory of financial services toward the emergence of super apps. FIs and fintechs are expanding their products and services to address more of their customers’ financial needs. As fintechs rebundle the traditional bank, banks themselves are also expanding into new lines of service (many frequently with the help of fintech partnerships). We’ve compiled some of the most memorable sound bites for you here.

“Generally speaking, a lot of people are focused on the button, not necessarily all the stuff that has to happen to make the button come to life. I think we took everybody on this journey of what it takes to bring this button to life. And I think that was eye opening for a lot of people.” — Rohan Amin, chief product officer, Chase, on the firm’s move to an agile environment.

“Digital transformation is not simply about digitizing something — digital business transformation is all about fundamentally transforming yourself to be relevant in an age that is increasingly digital.” Nigel Vaz, CEO, Publicis Sapient on how successful companies navigate digital business transformation.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “9 insightful things overheard at Tearsheet’s 2021 Convergence Conference”

New banks

‘Emotions are always on’: How Dreams uses behavioral science to help consumers save

  • Founded in 2014, Dreams is a Swedish money management app that helps users save money by building on behavioral science.
  • With Dreams’ plans to expand, the app could appeal to US banks trying to keep young consumer interest.
Rivka Abramson | December 06, 2021
New banks

Navigating a changing business model: How banks can compete with fintechs

  • Fintech players are challenging the vertical business model by segmenting the value chain and coupling their own products with others’.
  • Banks can remain competitive by embracing this trend and rebundle their products to unlock new growth opportunities.
Iulia Ciutina | November 30, 2021
New banks

‘We were laughed out of a lot of rooms’: How Daylight and First Boulevard offer personalized banking experiences for underserved communities

  • A number of challenger banks have recently emerged to serve the needs of historically marginalized groups.
  • Daylight provides individualized banking services to the LGBTQ+ community, while First Boulevard caters to the financial needs of African Americans.
Ismail Umar | November 22, 2021
New banks

GoHenry zeroes in on finding the fun in finance

  • GoHenry is a banking app for kids that focuses on financial literacy.
  • With cash less of a staple payment form, GoHenry could be a solution to parents who want to track their kids’ allowances.
Rivka Abramson | November 16, 2021
New banks

‘Like navigating a dark forest with a dying mini-flashlight’: How Lance uses automation to simplify money management for freelancers

  • Lance provides automated banking solutions for freelancers.
  • The challenger bank recently launched a new feature that allows freelancers to receive direct credit card payments from their clients.
Ismail Umar | November 09, 2021
More Articles