FinTech/bank partnerships, Venmo challenger and China — weekly roundup
This week’s theme: Banks have proven resilient to fintech entrants, but are slowly evolving in response to competitive pressures.
Feb 25, 2017 · 1 min read
- Fintech companies are increasingly working with Banks. Examples include Moven, Stripe, and Lending Club. nyti.ms/2lliFWo (4 mins)
- Banks challenge Venmo by launching their own peer to peer payment service in the latest example of an incumbent responding to competition from fintech startups. Other examples include Goldman Sachs with Marcus, Charles Schwab with Intelligent Portfolios and Experian with Free Credit Reports. http://bloom.bg/2llbZrD (3 mins)
- Fintech in China shows the way. Incumbents are not as entrenched allowing startups to leapfrog and gain tremendous user adoption. http://econ.st/2kXaFyP (10 mins)
**Bonus: attend our next meetup with presenters from, Stripe, Credit Karma and Xignite talking about “Launching Products in Fintech” Mar 29 in SOMA. register here
