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Why customers cheat on their primary banks

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While the public focused on the U.S. administration change, a lot went down in fintech this past week
 
January 22 · Issue #66 · View online
Tearsheet Weekly Newsletter
While the public focused on the U.S. administration change, a lot went down in fintech this past week. From new products to partnerships and M&A, Tradestreaming has you covered.
– Zack Miller, Founder, Tradestreaming

Moving ecommerce from products to subscriptions
Recurring payments is one hurdle in turning old economy firms into subscription businesses
New data shows that subscription-based companies are growing nine times faster than those in the S&P 500.
Zuora enables firms to transition their businesses to subscription services, away from products. Companies like NCR and Informatica work with the tech company to do way more than just process recurring payments.
Not everyone wants a roboadvisor
StockTwits is growing its platform to reach more active investors
Investor social network, StockTwits grew its community over 50 percent last year, sharing over 200 messages and investment ideas every minute and 6000 charts each day. With its acquisition of SparkFin this week, StockTwits grows its platform for younger active investors.
Bain: 30% of banking customers buy products from competitors
Sneaky defection happens a lot in banking
Banks are losing the battle to get more business from existing customers. Bank customers clearly display a lack of loyalty to their primary bank. In the U.S., less than half the time do they new financial products from their primary bank.
The U.S. head of Bain’s banking practice joins us to discuss what banks can do to counter hidden defections.
WTF is the OCC fintech bank charter?
Understanding the OCC's intentions for fintech
The Office of the Comptroller of Currency wants to help fintechs become banks in the U.S. That’s theoretically a good thing for competition and innovation, but opposition is mounting from the incumbent financial industry. WTF is the OCC fintech banking charter?
Improving the healthcare experience by fixing payments
Improving healthcare payments by designing a customer-friendly process
Healthcare payments isn’t healthy but there are cures being worked on. One such solution, by fintech firm, Simplee, and used by 1000 healthcare providers, designs a more enjoyable payment experience for patients. Patients get more choices and flexibility in how and when they pay, boosting revenues.
High-speed traders are taking over Bitcoin
Blockchain could save investment banks up to $12 billion a year: Accenture
Where a leading VC still sees fintech opportunities
Wells Fargo Digital Lab offers a front-row seat to the future of banking
Deutsche Bourse turns to fintech partners to build 'Exchange 4.0'
Online student lender CommonBond's CEO offers 5 fintech predictions for 2017
What we're reading
  • Insurance’s $1 trillion opportunity (Insurance Thought Leadership)
  • The use of AI in banking is poised to explode (The Financial Brand)
  • Iran’s banks struggle with expectations (Euromoney)
  • Fintech groups fall short of banks in gender equality (FT)
  • New insurtech Lemonade reveals its first quarter performance (Lemonade)
  • Daimler buys Bitcoin company, to launch Mercedes Pay (Bitcoinist)
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  • Have a tip or story you’d like to share? Email us with stories about surprisingly good healthcare payments, new fintech M&A, and subscription businesses that masqueraded as product business models at info@tradestreaming.com
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