Fintech still has a ways to go to change the financial world, but it already offers solutions to income insecurity that can be truly transformational right now.
Brendan Dickinson of Canaan Partners says PFM startups have deep relationships with customers unlike online lenders, but the revenue model isn't as strong.
Despite major fanfare about new challenger institutions or digital-only bank brands, technology and revenue difficulties are among the factors threatening their ability to adapt and grow.
The fintech company Truebill, which already cancels recurring subscriptions at customers’ requests, is now challenging banks’ late fees and overdrafts.
For all the talk of co-optation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians.
A freewheeling discussion (over beers) about the future of branches with Tom Brown of Second Curve Capital and Dave Martin of BankMechanics at the Trump National Doral hotel in Miami during American Banker’s Retail Banking 2017 conference.
