While the idea of Banking-as-a-Service (BaaS) has been around for years, 2016 was really the tipping point in terms of wider understanding and public launching (or aspirations) of broader Baas platforms. Singapore-based VC firm Life.SREDA is making an attempt to become the thought leader in BaaS topics (including owning the www.bank-as-a-service.com website). As part of… Read More


It’s that time of year when everyone comes out of the woodwork to offer their predictions on what will happen next year. Some are right, some are wrong, but most deserve some consideration, either helping to confirm your view, teach you something new, or reveal that you have additional or unique insight that may be… Read More


After months of waiting, the OCC finally released its official comments and a white paper discussing its desire and considerations in granting special purpose (fintech) bank charters. Comptroller Thomas Curry said “It is clear that fintech companies hold great potential to expand financial inclusion, empower consumers, and help families and businesses take more control of… Read More


Online small business lender stops lending(?) Dealstruck, which focused on making small business loans of up to $500,000, stopped making new loans last month. Dealstruck was four years old and had raised around $10 million in equity financing. Existing borrowers will still be serviced, but the team is “looking for strategic options to … continue… Read More


Lots of news happening over the last two weeks, the biggest of which may be a new funding round for the country’s most valuable fintech startup, validating one part of the market as others struggle. Stripe, which provides a software platform for businesses to accept payments online, raised $150 million on a $9 billion valuation.… Read More


PwC’s strategy& group just put out its DeNovo Q3 Fintech review, and it is a really good read. The focus this quarter is on banks moving core platforms to the cloud and digital identification. It is a full 44 pages long, so if you don’t have the time, my biggest takeaways are below. Enjoy! 1.     … Read More


No column today in honor of Veterans Day. Use the extra time to find and thank a veteran. Identity Standards Attracting International Attention Pascal Bouvier, Venture Partner at Santander Innoventures, provides some key takeaways from a meeting on identity management at the US Treasury Department. Attendees included the IMF, World Bank, US Department of Justice,… Read More


Happy Friday! One of the biggest trends in fintech this year has been the emergence of financial chatbots. This is true even among the more traditional financial services incumbents, as Bank of America debuted Erica, its take on a voice-based AI bot, at Money 20/20 a few weeks ago. I had a chance to sit… Read More


While financial services is undergoing a fundamental technological transformation enabling completely new business models, the downside is that many new terms are being thrown around without a common framework for how to discuss these new business models. Banking-as-a-Service, Banking-as-a-Platform, API Banking, and Marketplace Banking all sounds great, but what do they mean and how are… Read More


As payments technology continues to be one of the biggest focus areas for financial services companies, quite a few solutions have come out to help banks and other card issuers fight debit and credit card fraud. Two of the largest French banks, Societe Generale and Group BPCE, are launching one potential solution from Oberthur Technologies.… Read More