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Fintech makes 60 Minutes, terrible work for online lending

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Though fintech finally made it mainstream with a primetime(!) slot on 60 Minutes, this was the end of
 
May 8 · Issue #31 · View online
Tearsheet Weekly Newsletter
Though fintech finally made it mainstream with a primetime(!) slot on 60 Minutes, this was the end of a pretty downer week for online lending (and even worse for On Deck, whose stock price dropped by 40%) and roboadvisors (who are experiencing massive growth deceleration).
– Zack Miller, Editor-in-Chief, Tradestreaming

The Incumbents
Thomson Reuters seeks openness, builds hooks into core products
Inside the secret meeting where Wall Street tested digital cash
Why the Financial Times still believes in comment sections
Western Union invests in blockchain technology
Milken Conference: Could fintech make bankers an endangered species?
Inside Forbes’ plan to scale its native ad business across Europe
The Startups: Who's shaking things up
fintech makes the big time
60 Minutes: Fintech shaking up the financial industry
More mature fintech took a beating this week
Is the marketplace lending apocalypse upon us?
Online lenders are taking a beating
Roboadvisor growth massively decelerating
Startups raising/Investors investing
Varo Money is starting a bank with $27m
Payment technology provider Zooz raises $24m
Azimo, a remittances start-up, raised $15m from Rakuten to expand into Asia
Old hats: Institutional investors in marketplace lending
Global Insurance fintech investment grew by 237% in 2015: Accenture Research
Tools of the trade
New technology turns smart cars into payment devices
WTF is blockchain
Cashless society? Not so fast as countries invest in cash technology
Marketing, data, and user behavior
Survey: Robots will strike asset management firms first
Millennial women save more than mom but less than men
Consumer agency moves to assert bank customers’ right to sue
New financial products
Amazon Web Services now working with blockchain startups
NCR to offer ATM-as-a-service lease financing
What we're reading
Unmasking the men behind Zero Hedge, Wall Street's renegade blog
Profile: Preet Bharara, US Attorney for the Southern District of New York
From Billpay to Blockchain: The themes of FinovateSpring
Sallie Krawcheck: Here's who will win the fintech war
Stay connected to Tradestreaming
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