I've been putting together some thoughts on what FinTech can learn from some of the apps I use most frequently. For thoughts on Fitstar (the product, the business model, the opportunities) and what FinTech should learn, click here. Let me know what you think!
I had the chance to interview Aaron Frank and Ben Apel for Wharton FinTech's podcast. Aaron is the CEO of a super interesting startup called Final. I've been tracking them for nearly 2 years now, so it was a treat to get to interview them.
As I wrote on LinkedIn, if you like FinTech, and you appreciate mediocre audio quality, this is the podcast for you!
I just finished up a post based on some conversations I had at Finovate last week. In trying to understand why startups are so much more likely to invent new experiences, I came across a (possibly terrible) analogy that I loved.
I opened a checking account with Santander about a year ago for two reasons: 1) they were paying me $20 a month to do so, and 2) I wanted to compare their account experience (opening, usage, mobile/web, etc.) to Capital One's.
Unsurprisingly, they killed their Extra20 product and the benefits will be changing in ~2 months. Bank strategists and marketers have a few lessons to learn from this ill-fated product.
Read more about it here, on Medium.
Over the past several months, I've been networking with people across the FinTech industry. One of my favorite "stump speeches" is on the future of banks. Long-story short: banks have a choice to either innovate their way out of the trap they're in, or they can embrace it and change their business model.
Both paths have their challenges, but I don't think they'll have time to wait. They need to make a choice.
For the short-story long, click here.