In case you missed it, last week’s edition was an initial dive into how Amazon’s purchase of Whole Foods was a reflection of its longer-term business development strategy. By exploring ways to leverage its existing value chain, Amazon uses internal customers to help develop new core businesses. I wanted to see if I could apply… Read More


Editor Note: I hope the below provides a brief respite from the barrage of Uber news. This is the first of a two-part series around ways companies can build new core businesses/distribution by using Amazon as a case study. By leveraging a company’s internal needs and strategically playing with the value chain, new core businesses… Read More


SoFi takes a step closer to launching a bank SoFi has applied for an industrial loan charter in Utah under the name SoFi Bank. SoFi’s application specifies that it will not operate branches or deposit-taking ATMs, and will only offer a credit card and an FDIC deposit account. If approved, it would be the first… Read More


BankMobile deal encounters snags BankMobile, the student-focused online banking division of $10 billion Customers Bank, was set to be sold to $125MM Flagship Community Bank in Florida. However, the deal broke down as Flagship was not able to raise enough capital to cover the $175MM purchase price. While it looks like the deal will be… Read More


It’s that time again – Mary Meeker just presented her Internet Trends 2017 report at Code Conference. I have summarized below the trends that touch fintech, but you can read through the 355(!) slide deck here if you want. (the slide deck has seen massive growth over the years… from 66 slides in 2011, to… Read More


(Potentially) big news broke this week, as USAA announced they are pursuing royalties for the remote deposit capture technology used by 5,000+ institutions. This may come as a surprise to many, since remote and mobile deposit capture has become so ubiquitous so quickly, with banking software providers offering the same functionality to thousands of financial… Read More


Most value propositions are dumb. Take my four years at Morgan Stanley as a case study. Every few months or so, the newest recruits head off to a centralized training center in the Northeast to be taught how to create an elevator pitch and have conversations with potential clients. Two hundred newly minted financial advisors… Read More


Two weeks ago I told you about Sallie Krawcheck’s keynote address at the Empire Startups Fintech conference in New York as part of Fintech Week NYC. If you didn’t get to it yet, here it is. The day after the Empire Startups event, I attended the FinXTech Annual Summit at the Nasdaq MarketSite. The day… Read More


Peer-to-Peer Lender Goes Public The IPO market for online lenders has been very quiet over the past year. However, China Rapid Finance just raised $60MM through an ADR offering on the NYSE. While public market valuation of $350MM is much lower than the private market value of $1B the company achieved a few years ago,… Read More


Sallie Krawcheck was fired. Twice. It made the front page of the Wall Street Journal. But her story didn’t stop there. After a brief hiatus, Sallie got back to work. She is still making headlines, but now they center around her fintech startup Ellevest, which has raised about $19MM in total funding over the last… Read More