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.

New banks, Podcasts

The Challengers 10: Judo raises big bucks down under — Starling nears profitability — Revolut’s cards of many colors

  • Australia is home to a growing fintech scene and its first challenger bank just raised a war chest.
  • In this episode, Josh and Zack also explore the role of payments in digital bank offerings.
Michael Deleon | August 16, 2019
Data, Podcasts

FDX’s Don Cardinal: ‘Standards lower the barrier to financial innovation’

  • FDX is the leading standards group around sharing financial data.
  • Managing director Don Cardinal explains what the industry is doing around securing and sharing information.
Zack Miller | August 14, 2019
Payments, Podcasts

Finix Payments’ Richie Serna: ‘The next generation of billion dollar payments companies won’t look like Stripe or Square’

  • Software companies are morphing into payment companies.
  • To do that, they must bring payments in-house and Finix wants to make that easier and more profitable for them.
Zoe Murphy | August 09, 2019
Future of Investing, Podcasts

How Addepar built an ecosystem around the ultra high net worth investment community with CEO Eric Poirier

  • To best service the UHNW investor, Addepar aggregates portfolio data and provides portfolio analytics.
  • CEO Eric Poirier joins us on the podcast to discuss his firms product and growth strategies.
Zack Miller | August 05, 2019
Data, Podcasts

Equifax’s Bill Phelan: ‘With PayNet, we now cover 30M US businesses and about $4 trillion of capital’

  • PayNet is one of the largest sources of data on private businesses in the US.
  • Founder Bill Phelan talks about his merger with Equifax and where the combined entity is headed.
Michael Deleon | August 02, 2019
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