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What professionals really speak about at fintech events

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This week, we hosted the Tearsheet Money Conference in New York City. Nearly 400 professionals joined
 
June 11 · Issue #86 · View online
Tearsheet Weekly Newsletter

This week, we hosted the Tearsheet Money Conference in New York City. Nearly 400 professionals joined us to talk about the financial firm of the future – from mobile banking and digital strategy to the changing nature of the modern bank branch.
– Zack Miller, Tearsheet
P.S. Our next event in September will focus on blockchain and cryptocurrencies and their future impact on traditional financial services. Check here for speaker updates and to get your tickets. 

Outtakes from the TS Money Conference
full room, fully fintech
The discussion at our TS Money Conference last week centered on embracing change. We explored what it really takes for a financial institution to innovate. 
One VC explained why he was so bullish on Initial Currency Offerings. Want to know what’s stopping the industry from innovating? Hint: Bankers, legacy structures and relevancy. Different speakers had very different visions of the state of the modern banking experience.
Investing (only) in the blockchain
Blockchain Capital’s Spencer Bogart joined us on the Tearsheet Podcast this week to explain why Wall Street should pay attention to blockchain right now.
Inside SAP's innovation center
The technology giant has moved into 144,000 square feet in the top five floors of one of the new Hudson Yards towers on the west side of Manhattan. Here’s an inside look.
SoFi is trying to make online lending more social
The company, a six-year-old startup, differentiates itself among its competitors that are both startups and banks. Online lender, SoFi holds over 200 events for its customers (which it calls members) across the U.S. each year. Tearsheet’s Suman Bhattacharyya has the story of booze, shmoozing and dating in online lending.
HSBC launches a social network
Analysts say HSBC’s foray into social networking bolsters its brand while creating a marketplace for its business clients. Here’s why the bank launched a social network.
Nope, Apple Pay isn't a Venmo killer
Now that it’s directly encroaching on Venmo’s turf, Tearsheet’s Tanaya Macheel finds that Apple Pay won’t actually kill Venmo. But it doesn’t need to, either
See also: Apple just announced its own Venmo competitor built into iMessage 
Visa powering the next generation of mobile payments
Visa says the future of payments innovation will center on partnerships between startups and incumbents. Here’s how Visa will power future payments for your fridge, car, and wearables.
What banks can learn from Amazon
To truly be customer-first and prioritize the customer experience above all, banks should look to platforms as business models, not tech constructs.
See also: Amazon uses its machine learning tools as it boosts its lending activity.
Deal flow
Zopa raises $41.2 million for challenger bank launch
What we're reading
The day will come when your credit card will disappear (Wired)
JPMorgan loses another potential Dimon heir as Zames walks, while the firm’s Moonshot Man wants to help Wall Street fire its traders  (Bloomberg)
WeChat vs. Alipay: The mobile payment battle goes globalAnt Financial seen becoming world’s top consumer bank.
Century-Old TIAA ventures into robo advising (Bloomberg)
Lloyds outsources nearly 1,500 tech jobs to IBM (City AM)
Wells Fargo is least-respected company in America — even less than Big Tobacco (Washington Post)
Stay connected to Tearsheet
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  • Have a tip or story you’d like to share? Email us with whispers of fintech inside baseball, what device you’re excited to paymentfy, and descriptions of the type of people you meet at fintech dating events to zack [at] tearsheet.co
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