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SoFi is rolling out checking accounts this spring

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January 28 · Issue #119 · View online
Tearsheet Weekly Newsletter
Financial education may be a priority for financial services providers, but no one has really figured out how to apply it beyond creating content marketing sites. Investing app Acorns thinks it found a better way to integrate education.
If free checking accounts aren’t already a thing of the past, perhaps they should be, now that consumers are demonstrating that if something is valuable to them, they’ll pay for it. Tearsheet’s Tanaya Macheel envisions why banks should rethink their fee models.
As CTO, Cathy Bessant is transforming B of A into a technology firm and leading it into a future that requires humans to apply immense computing power to immense amounts of data. She’s preparing for an artificial intelligence future.
The Super Bowl presents an opportunity for U.S. Bank to expose existing and future consumers to the brand and tell the story of who we are as a company. Inside U.S. Bank’s Super Bowl strategy.
Despite the talk around the need for more cross-fertilization between banks and startups, it’s hard to come by employees that boomerang back to banks. Here’s why career ‘boomerangers’ are rare in banking.
Citi’s mobile app is lagging behind its peers. It is increasingly hard as a financial services brand to be everything to everyone – Citi is now focusing on certain segments.
SoFi is rolling out checking accounts next quarter without a banking license, demonstrating the new reality that a company doesn’t have to be a bank in order to bank customers.
After Stripe’s decision to abandon bitcoin payments, it’s clear that bitcoin as a store of value is more important than as a medium of exchange.
Publishers are getting in on the bitcoin frenzy. Media companies from Business Insider to Investopedia are all creating new products, from newsletters to video — but the pressure is also on to differentiate.
When Catherine Wines co-founded WorldRemit in 2010, she envisioned doing to remittance what the online travel agencies had done to their industry. WorldRemit is now one of the fastest growing tech companies in the U.K. and, from a valuation perspective, is progressing toward unicorn status. She joins us on the podcast this week.
What we're reading
Venture capital or ICO? Startups face cash-raising dilemma
Robinhood adds zero-fee cryptocurrency trading and tracking
Banks and fintechs duel in a ‘war for talent
The Lightning Network could make Bitcoin faster – and cheaper
Bank of America says female staff are paid 99% of what men are
Bank of America and the end of free checking
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