The deals are about vertical integration and business model change (and conflict).
A look into the consumer data, payments, lending, and regulatory sandbox sections.
Digital banks are a threat to traditional FIs because consumers are “accessorizing” their checking accounts.
A Venmo debit card means more deposit displacement to banks and credit unions.
I’m afraid you’ll have to read the post to find out the answer to the question.
The Case-Shiller 20 City Home Price Index has reached pre-crisis levels.
As a % of assets, megabanks spend twice as much as mid-size banks.
Square’s success means that banks must find ways to preserve revenue sources.
The press attention to this non-announcement is way out of line with its potential market impact.
Big banks are dominating deposits. Better mobile banking isn’t the way to fight back.
Efforts to get non-customers to use Citi’s PFM app will fail.
The impact could go beyond just system integration.