New banks, Podcasts

The Challengers 9: N26’s US launch — Capital One invests in MoneyLion — Betterment’s bank account

  • In this week's episode of The Challengers, hosts Josh and Zack talk about N26 launching in the US.
  • Also covered in the podcast are Betterment's new bank account and MoneyLion's latest investment round.
The Challengers 9: N26’s US launch — Capital One invests in MoneyLion — Betterment’s bank account

The Challengers this week looks at a couple big investments that happened in the challenger banking space and a new product launch.

N26 finally launched in the US and Josh and Zack explore how the challenger bank structured its launch (100,000 beta users and via a banking partner). Your hosts also explore what this means for the other European challenger banks gearing up to launch like Monzo and Revolut.

Next up, Zack mentions MoneyLion’s $160 million investment which included Capital One’s participation. This appears to be the bank’s first investment in a challenger bank but perhaps it’s also the first time a major bank has invested in a challenger bank. This investment provides more ammo to go after the NASCAR audience.

Robo-adviser Betterment has launched a new banking product which includes a high yield savings account — Everyday Savings — and announced it will roll out checking — Everyday Checking — later in 2019. This product eventually replaces the firm’s Smart Saver product that used ETFs to produce short term returns.

Payments, Podcasts

Behind the launch of Central Payments’ Falls Fintech accelerator with Trent Sorbe

  • Smaller financial institutions are finding ways to compete against large banks.
  • Central Payments, part of the Central Bank of Kansas City, is a good example.
Zack Miller | October 17, 2019
New banks, Podcasts

The challenges and opportunities in moving from DTC into enterprise with Moven’s CEO Marek Forysiak

  • Moven was an early pioneer in consumer digital banking.
  • Over the past few years, the firm has moved into providing enterprise technology.
Zack Miller | October 15, 2019
Fintech Blocks, Podcasts

MoneyLion’s Dee Choubey on choosing and serving an initial target audience

  • The founder and CEO of MoneyLion discusses his target audience.
  • As part of a new series, founders talk about the challenges of building fintech businesses.
Zack Miller | October 07, 2019
Innovation, Podcasts

Inside Aflac’s innovation program with Keith Farley

  • The supplemental health insurer looks for ways to innovate for its US and Japanese businesses.
  • Alfac's VP of innovation for the US joins us to talk about the firm's innovation activities.
Zack Miller | September 25, 2019
Online Lenders, Podcasts

LendingPoint’s Tom Burnside: ‘There’s room to grow — we’re early in our journey’

  • LendingPoint has grown its consumer lending business over 9200 percent in three years.
  • CEO Tom Burnside joins us to talk about growth and products.
Michael Deleon | September 23, 2019
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