ApplePie Capital, a company that focuses on providing funding for franchises is the latest online lender to land a deal...
Greg Carmichael is the CEO of Fifth Third Bancorp; in this in-depth interview he shares his perspective on the intersection of regulation and innovation in banking, Fifth Third’s fintech strategy, their partnership with QED Investors and more. Source
This week, we look at:
PwC estimating that $900 billion has been wasted on digital transformation projects for enterprise, meaning finance is vulnerable
Chime is worth $15 billion in the latest round of valuation, same as $200B+ depository bank Fifth Third, which is quite the achievement
Decentralized exchange Uniswap distributing 60% of its token to the community, flipping the ownership and value accrual model
As a thought experiment -- today, if you want to save for a house, you may create a financial plan in Betterment and wait for the portfolio to accrue. Tomorrow, you may bring cashflows to a housing protocol which intermediates property markets, and build your portfolio directly into your desired goal of buying a house. Your stated selection and articulation of that goal, by choosing the housing protocol, generates value on its own through rewards, participation, governance, and various interest rate products.
Fifth Third has announced a $112 million investment in a five year project that will upgrade its technology and help it to partner with fintech firms; enhancements involved with the upgrade include video conferencing with remote experts, Wi-Fi in branches, distance learning and real-time data feeds to fintech partners; following the investment the company will be driven more by its new web-services and APIs; it also plans to more openly partner with fintech companies for data sharing. Source
Back in March CommonBond closed a $50 million Series D investment that was led by the venture capital arm of...