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Inside T. Rowe Price's Facebook Live strategy

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What's so interesting in this fintech game is that you've got apps like Venmo that are super popular
 
April 30 · Issue #80 · View online
Tearsheet Weekly Newsletter

What’s so interesting in this fintech game is that you’ve got apps like Venmo that are super popular but struggle to find a way to the money promised land. And on the other side, you have plenty of businesses with strong built-in revenue models (like any of the online lenders) that are just trying to move mountains acquiring customers. At the end of the day, what wins?
– Zack Miller, Tearsheet
P.S. Join us at our Money Conference in New York City on June 5. We’ve just added two more speakers from HSBC and American Express, who will join a group of some of the top minds in digital finance. Find out more and sign up here.

NYC's Fintech Week by the numbers
This year, for the first time ever, there’s an official FinTech Week in New York City, because, well, why not? Here is FinTech Week, which is put on by Empire Startups and FinXTech, by the numbers.
Fintech wants to make you feel better about where you spend your money
There’s a new crop of companies giving woke millennials the information they need to be the good, upstanding people they want to be.  Based on user payment history, Aspiration launched an impact measurement tool that scores how users spend money.
Why Venmo wants you to pay for purchases using the app
PayPal’s CEO announced that customers will soon be able to use Venmo to pay for purchases anywhere PayPal is accepted. ‘Pay with Venmo’ is part of a larger strategy to connect with brands and generate additional revenue.
Inside T. Rowe Price's Facebook Live strategy
Finance companies face some obstacles keeping Facebook Live content fresh and authentic. Asset manager, T. Rowe Price held a 25-minute live event on Facebook featuring an in-house senior financial planner.
Mobile wallet fundraising to drop 73 percent this year: report
Banks loosening up internally so they can work with startups
Banks are loosening up internally so they can work with startups
As the mobile wallet market begins to see consolidation (as investment dollars are plummeting in the space), dominant players seek differentiation. Biometrics is one way they’re competing.
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Banks loosening up to work with startups
Banks are increasingly experimenting with startup culture to better position themselves for collaboration. Tearsheet’s Suman Bhattacharyya reports on how, for smaller institutions, a focused vetting process ensures compatibility of the bank-startup relationship.
Investopedia wants to ‘match’ financial advisers with readers
Investopedia has evolved into a media brand in its own right and now, it’s launching a service to match clients with financial advisers, an expansion of its Advisor Insights forum.
Inside Chase's marketing strategy
In the three years that Karna Crawford has been working at Chase, the company’s gone through some major changes. Here are five ways the bank’s marketing has adapted to changing consumer behavior.
Where funding for financial technology is going, in five charts
a shifting investment landscape
Investment appetite grew in Asia and Europe while fintech funding fell in the first quarter globally. Tearsheet’s Tanaya Macheel on why the drop is no cause for concern.
How a selfie could be the key to unlocking a life insurance policy
A Wilmington, North Carolina-based startup has developed technology to assess life expectancy based on a selfie and questionnaire – a move that it says will streamline underwriting processes.
Why the future of credit could lie in ‘social vouching’
With the growing number of tools to bring people out from the world of check cashing into the mainstream financial system, the notion of inclusion continues to be a major theme. The future will be about how friends and family can vouch for an individual. 
Jo Ann Barefoot: ‘If regulators can tilt fintech, they’ll be able to tilt all of finance’
For Jo Ann Barefoot, regulation can be sexy. The CEO of Barefoot Innovation Group, which advises firms on tech and regulatory issues, says she has “set the task for myself of trying to help adjust the regulatory world to fintech.” Listen to Jo Ann on the Tearsheet Podcast.
Deal flow
  • Robinhood stock-trading app confirms $110M raise at $1.3B valuation
  • Mark Cuban-backed fintech Dave raised $3M to help predict consumer overdraft fees
New products, services
  • Apple in talks to roll launch its own Venmo (Recode)
  • Coinbase targets WeChat success with Ethereum messaging app (Computer Business Review)
  • CommonBond launches direct student loans for undergrads (Reuters)
  • Truebill rolls out bank-fee-killing service rolled (American Banker)
What we're reading
  • Digital banks moving past idea of passing around paper money  (Motherboard)
  • The UN wants to adopt Bitcoin and Ethereum – and soon (CoinDesk)
  • JPMorgan Chase leaves blockchain consortium R3 (Reuters)
  • How banks can compete against an army of fintech startups (Harvard Business Review)
  • Banks take on mobile mortgages (American Banker)
Stay connected to Tearsheet
  • For more fintech coverage, join our growing Facebook community. Follow us on Twitter at @tearsheetco. And subscribe to our daily newsletter.
  • Have a tip or story you’d like to share? Email us with genesis tales of banks working with startups, experiences using Venmo at retail, and how you social vouch to zack [at] tearsheet.co
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