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Finn

Cryptodecentralized financedigital lendingenterprise blockchainentrepreneurshipfixed incomeneobankroboadvisor
·Jul. 17, 2020

Figure, SoFi and the Disruption of Finance with Mike Cagney

Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow.

Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever.

In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Figure’s previously unannounced consumer banking and payments offering, lessons learned building and scaling multiple billion dollar companies and more.

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FintechNews RoundupUSA
·Jun. 28, 2019

How JPMorgan’s Finn was Shuttered in Two Years

Business Insider takes a look inside JPMorgan Chase and how the company’s digital only bank Finn was shut down just...
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FintechNews RoundupUSA
·Jun. 6, 2019

Chase Abandons its Finn Mobile Banking App

Last year JPMorgan did a rollout of their service called Finn which was a digital banking service targeted towards younger...
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FintechNews RoundupUSA
·Feb. 7, 2020

JPMorgan Chase Overhauls Digital Strategy Team After Leaders Leave

JPMorgan Chase finds itself overhauling their digital strategy team as they leaders in the unit have moved on to other...
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digital transformationeCommerceregulation & compliance
·Jun. 10, 2019

JP Morgan’s dead Neobank mistook Digital for a Channel, EOS Voice is $150MM in the wrong direction

JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?

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Peer to Peer Lending
·May. 22, 2019

Are Digital Banks Struggling to Get Traction?

An article in Forbes earlier this month about the traction of digital banks caught my attention. A survey of U.S....
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