Using fintech to democratize financial services
PayPal’s CEO explains how digital can bring new people into the banking fold and create opportunities for them to spend, save, and make charitable contributions.
McKinsey Insights & Publications
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INV Unfiltered: Is B2B2C the Future of Fintech?
It’s increasingly hard to keep track of all the new personal finance management apps out there. They face tough competition from established startups and even #banks themselves. Mark Zmarzly, founder of startup Hip Pocket, found a different solution for his newest PFM app, Hip Money. The company is tapping into the existing customer base of […]
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Dwolla Rebrands Suite of ACH Payment Tools as ‘Transfer’
#Dwolla was always a strange name. The word — a contraction of ‘web’ and &8216;dollar&8217; dreamed up by founder Ben Milne with the aid of a six-pack &8212; is something of a cherished #fintech institution, if little known outside the space. The Dwolla brand takes a step back today with the announcement that its bundled […]
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Design Lab Will Fuel USAA’s AI, UX Efforts, Exec Says
Labs – focus units tasked to tackle specific technologies and ideas – have been growing in popularity among #banks lately. Most established banks already have “innovation labs” – which focus on identifying #fintech trends and partnerships – in place, and many test distributed ledger #technology applications in “#blockchain labs.” USAA took a different route: the […]
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Breaking Banks: Fintech Helping the Refugee Crisis
In this episode of #Breaking #Banks Brett King, Marc Hochstein of American Banker, and Peter Renton, founder of LendIt Academy, talk about the upcoming Digital Identity #Crisis Webinar, the LendIt Conference at the Javits Center in NYC, and the proposed #Fintech Charter, and what that can mean for changes in banking in the U.S. Sam […]
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Kakao Investment Points to Offline Push for Ant Financial
In yet another installment of Ant #Financial’s global expansion master plan, the company today announced a $ 200 million #investment in #Kakao Pay — a soon-to-launch #fintech subsidiary of South Korea’s Kakao Corp. Through the deal, Ant will offer its digital financial services to Kakao Pay’s 14 million members, for starters: Kakao Talk – a messaging […]
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8 Fintechs That Made the Cut at PitchIt
Lendit and 500 Startups have announced the eight finalists for their #PitchIt competition, which will occur at the annual LendIt conference next month. The eight #fintechs chosen to compete for mentorship (among other perks) from top companies like Plug & Play Ventures, InnoVentures, and StartupBootcamp span various corners of #fintech, from online lending to identity verification. The […]
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Is the Facebook of Banking Still Possible?
If you picked up the New York Times Business section this morning, you probably saw the photo of the #fintech guru, Brett King, looking out the window of a dimly-lit room. The caption read: “Brett King once hoped his company, Moven, would become ‘the #Facebook of #banking.’” Those hopes areRead More
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Kakao Investment Points Offline Push for Ant Financial
In yet another installment of Ant #Financial’s global expansion master plan, the company today announced a $ 200 million #investment in #Kakao Pay — a soon-to-launch #fintech subsidiary of South Korea’s Kakao Corp. Through the deal, Ant will offer its digital financial services to Kakao Pay’s 14 million members, for starters:Read More
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China No. 1 for Fintech Funding, But It Is Not Doing Much Investing
#China may have taken the top spot in 2016 #fintech #funding, but it wasn’t the one #doing most of the #investing. While China claimed nearly $ 8 billion of the total $ 17.4 billion invested across the world, according to a report by U.K-based Innovate Finance, the top fintech investor for the yearRead More
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