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The definitive guide to fintech jargon

We are proud to announce a relaunch of our finance publication as Tearsheet. We’re renewing the focus
March 26 · Issue #75 · View online
Tearsheet Weekly Newsletter
We are proud to announce a relaunch of our finance publication as Tearsheet. We’re renewing the focus of our coverage with an area we’ve found has resonated with our audience: How people’s relationships with money are changing, and how this affects legacy financial institutions. Read more.

5 ways banks are using snapchat
Banks’ use of Snapchat is still in the experimental phase, with a focus on marketing to job seekers, addressing questions from customers and generating brand visibility. With an projected user base of 70 million in the U.S. alone, banks are increasingly looking to Snapchat to reach millennials.
Citi’s fintech unit works to feel like a startup
Since Citi FinTech launched in 2015, it’s been focusing on creating mobile-first banking experiences for customers. Tearsheet’s Tanaya Macheel talks to Yolande Piazza, the unit’s new CEO, about her strategic plans.
The definitive guide to fintech jargon
The Tearsheet fintech term sheet
Fintech is definitely riddled with too much jargon. Tearsheet unpacks the terms creeping into our daily financial lives
Innovation according to U.S. Bank's Chief Innovator
High performance innovation is a challenge for any organization. U.S. Bank’s Chief Innovation Officer joins us on this week’s podcast to discuss whether senior innovation roles are just a flash in the pan and how to judge if innovation is working.
Why mobile phones are giving millions access to finserv
In an interview with Tearsheet’s Suman Bhatacharyya, Monica Brand Engel, a partner at Quona Capital, says mobile phones have been driving financial technology growth in emerging markets.
  • Q: What financial technology trend is most exciting to you right now?
  • A: That’s like saying to a mom which child do you love best! 
The challenge of foreign credit data
A San Francisco-based startup has developed a means to pull foreign credit bureau data into an alternative score to help lenders assess foreign borrowers. How one startup aims to help ‘credit invisble’ foreign workers in the U.S.
Canadian banks building a digital identity tool
“We’re creating a frictionless, you-are-you experience that also doesn’t let the parties where the data resides know where you’re sharing it,” Wolfond said. “You can prove who you are to a clinic but not let the provider of the data know who you are.” Read about the Canadian identity project.
Deal flow: Clarity Money, personal finance app
In a saturated market of personal finance apps, investors say ease of user interface and overall customer experience are what will drive success. Citi Ventures and RRE Ventures announced a Series B investment in Clarity Money.
What we're reading
  • Goldman Sachs building robo-adviser to give investment advice to the masses (Reuters)
  • Interview: “Silicon Valley Bank is a commercial bank that only serves the innovation economy.” (IBS)
  • Banks and tech firms battle over something akin to gold: your data (NYT)
  • French retailer Carrefour launches new online banking service (Reuters)
  • Banks trimming compliance staff as $321 billion in fines abate (Bloomberg)
  • CFPB fines Experian $3 million for lying about consumers’ credit scores (Housing Wire)
  • Deutsche Bank launches fintech startup lab in New York City (Reuters)
  • Anonymous’ joins hacker army targeting central banks for cash (Bloomberg)
  • Customers complain on social media about Starbucks’ long mobile-order wait time (Business Insider)
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