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Uber is launching a credit card

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The parties are finally over, keynotes wrapped up, and thousands of people in the financial industry
 
October 29 · Issue #106 · View online
Tearsheet Weekly Newsletter
The parties are finally over, keynotes wrapped up, and thousands of people in the financial industry have said their goodbyes to Vegas and this year’s Money 20/20 event. What started out as a popular fintech (well, payments, really) event has turned into a movement, where deals are done, new products launched, and the future of finance is on display.
– Zack Miller, Tearsheet
P.S. Tearsheet is hosting our next Hot Topic event on Mobile Payments. Join us November 30 in New York City. Get more information on speakers, the agenda, and sponsorship opportunities by going here.

Why PFM apps are moving into investing
Tools like tools like Digit, Penny, MoneyLion, and Clarity Money are popular apps for budgeting and personal finance advice. Here’s why PFMs are looking beyond personal finance to get into investing.
Innovation labs never connect back: How USAA is building innovation into its core
At USAA, creating a culture of innovation means encouraging every employee to come up with ideas for innovation — even if they don’t work on the innovation, digital or technology teams.
Uber is launching a credit card
By making payments invisible, Uber gave the financial services world a glimpse of how frictionless payments can work. Now, Uber is going to get to know its customers a little better thanks to new Uber-branded credit cards.
Speed matters: Mastercard nixes the signature
Mastercard announced that it’s no longer going to require retailers to ask for a signature. It’s a nod to the growth of technologies that can authenticate a customer more securely, and an attempt to take friction out of the retail experience.
Inside Cross River Bank’s plans to build a killer banking app
Consumers spend a lot of time managing their apps and less time managing their money, says Cross River Bank CEO Gilles Gade. Cross River Bank is building a consumer mobile banking app that could offer a company like Amazon an alternative to having to file for a banking license.
Inside Finn, Chase’s millennial-minded mobile app
JPMorgan Chase launched Finn, a digital-only bank geared at millennials who don’t want to go to brick-and-mortar branches. In an effort to help develop better money habits, the product encourages customers to think about what motivates their spending.
How credit unions can advance inclusion
Credit unions increasingly want to provide a better option for their members who use payday loans. That’s a good move because credit unions are set up to advance social, economic and environmental objectives.
Chart of the week
Early innings for AI
What we're reading
Online banking users to be warned by instant pop-up messages if they are targeted by fraudsters
Large banks make terrible partners, fintechs say
An alarming sentence about automation from Bank of America’s tech chief should put Wall Streeters on notice
The global financial systems runs on GPS and it’s surprisingly vulnerable to attack
Paypal is now worth more than Amex
LendingClub closes chapter on fintech funds
New York to replace MetroCard with modern way to pay transit fares
European banks forced to open the (data) vault
The tech that goes into making money harder to fake
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