New banks, Podcasts

The Challengers 6: OakNorth’s new mortgages — Chase’s banksplaining backlash — N26 goes into Brazil

  • On today's episode, your hosts focus on OakNorth's new mortgage product and Chase's tone deaf Tweet.
  • Banks and fintech apps must do a better job helping customers make better financial decisions.
The Challengers 6: OakNorth’s new mortgages — Chase’s banksplaining backlash — N26 goes into Brazil

Welcome to The Challengers Podcast with Tearsheet’s Zack Miller and OurCrowd’s Josh Liggett.

OakNorth is using a different playbook to grow. It’s focused primarily on SMB lending. It uses its savings accounts to help fund that aspiration. OakNorth just launched a mortgage product to further service its target borrower — the entrepreneur.

A little joke on Twitter became a big deal for Chase. Chase’s social media account was accused of poor shaming.

Fast Company’s Cale Weissman said this tweet came from a “bank worth $400B that charges anywhere from $2.50 and $5 for individual ATM fees and $34 per overdraft—both of which are taxes on poor people.”

Chase eventually tweeted out an apology.

Ellevest’s Sallie Krawcheck has no patience for a brewing trend in personal-finance mansplaining. Josh coined the term banksplaining.

Wired is still after Revolut. Leaked internal messages show senior staff attacking critics while recent job applicants complain of onerous recruitment processes. Risk of losing European banking license?

Monese tops 1 million customers.While challengers open plenty of new current accounts, many question whether people are using those accounts. Monese maintains that 70 percent of the incoming funds it sees are salary payments.:

Monzo coming to US. Doesn’t have license but may first start with just a debit card

N26 getting ready to launch in Brazil

Insurtech, Podcasts

Fabric’s Adam Erlebacher: ‘No one wakes up thinking about how to buy life insurance’

  • Buying life insurance via digital channels isn't just about getting a policy.
  • Firms like Fabric are using a collaborative planning process to nudge customers the right way.
Michael Deleon | September 09, 2019
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Deep Dive: Beautiful design and functional innovation come to the physical card

  • The excitement around Apple Card has drawn the light to innovative physical card design.
  • Tearsheet's Sara Toth Stub describes what's going on in the physical world of fintech.
Zack Miller | September 05, 2019
Awards, Podcasts

Best Bank + Fintech Partnership Award 2019: TD Bank and Hydrogen

  • In Tearsheet's first Bank + Fintech Partnership Award, we're highlighting TD Bank's work with Hydrogen.
  • We talked to executives from both companies about the ingredients for success on this collaboration.
Zack Miller | September 04, 2019
Payments, Podcasts

Ingenico’s Eric Liebman on payment trends in the travel industry

  • Payments in the travel industry must take into account different types and currencies.
  • On the podcast, we discuss the challenges and opportunities for travel payments.
Michael Deleon | September 03, 2019
Artificial Intelligence, Podcasts

Flybits’ Hossein Rahnama: ’90 percent of digital transformation budgets are spent on managing IT complexity’

  • Banks struggle to provide automated recommendations.
  • Flybits wants to remove the IT complexity that eats away at their time and budgets.
Zack Miller | August 27, 2019
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