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Why millennials leave finance

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We're pumped to host the Tearsheet Money Conference June 5 in New York City. We've got a great agend
 
May 28 · Issue #84 · View online
Tearsheet Weekly Newsletter

We’re pumped to host the Tearsheet Money Conference June 5 in New York City. We’ve got a great agenda planned. We’ll hear from senior digital executives at firms like JP Morgan, BlackRock, Silicon Valley Bank, Umpqua Bank, HSBC, Citizens and American Express. 
There are still a few tickets left. Register here
– Zack Miller, Tearsheet

Bitcoin support moving (slowly) mainstream
Interest in public blockchain networks has rebounded, but banks are still largely uninterested. - surprisingly, Fidelity stands out as a bitcoin bull
Not all banks are aloof, though. This week some major global banks backed blockchain consortium R3 with $100 million.
We get so focused on Bitcoin’s potential for the financial industry, we forget that blockchain could change the health insurance industry
Tearsheet’s Tanaya Macheel gives us an inside look into the creation of Citi’s blockchain payments platform
Of course, it’s not all unicorns and rainbows. Blockchain technology could transform cross border payments, but there are some significant hurdles remaining
How Mastercard is bringing financial inclusion to crisis-affected areas
Mastercard, through Mastercard Aid, has been working with nonprofits including World Vision and Save the Children to deliver aid to displaced populations impacted by humanitarian crises. Credit card firms are actively working to improve financial inclusion in areas in crisis.
Why millennials leave finance
millennials are looking for meaning and purpose
It could be the financial industry’s pushy sales practices. Or, it could be that a lot of big finance doesn’t really serve a greater purpose. Regardless, Tearsheet’s Suman Bhattacharyya dives deep into why millennials choose to leave the profession
Banks should rethink diversity training
Women climbing the corporate ladder have made a lot of progress. But Wells Fargo’s Monica Cole, the bank’s group head of North region middle market banking, maintains that sometimes it still takes a man to act as a change agent in rethinking diversity training
WorldFirst’s Mike Ward: ‘There are alternatives to the incumbents’
Moving money internationally is easier and cheaper than most customers think. Mike Ward, chief revenue officer of WorldFirst, joins us on the podcast for an insightful talk about the money transfer market.
With its own digital currency, Kik messenger moves into payments
Kik messenger is getting into payments and it’s doing so by creating its own cryptocurrency, Kin. Here’s why Kik chose to create its own currency.
Can tech improve financial inclusion?
12 million Americans go to payday lenders each year. Developing new tools for underserved populations that are affordable and profitable is an ongoing challenge.
What we're reading
  • The $80 billion question: Why are Bitcoin and Ethereum growing so fast? (Mashable)
  • How to become a bitcoin millionaire, according to patient zero (Quartz)
  • Worldpay looks to bring real payments to virtual worlds (Bloomberg)
  • Fintech tools that can change the world of finance (Forbes)
  • BBVA and B of A move to make data sharing safer, less painful (American Banker)
  • TransferWise steps toward banking with multicurrency account (Bloomberg)
  • Can vendors bridge gap between legacy tech and open banking? (American Banker)
  • Citi global head of design on how design is actually a blue-collar profession (TechCrunch)
  • No one’s talking about the real motivations behind demonetization (Bloomberg)
Stay connected to Tearsheet
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  • Have a tip or story you’d like to share? Email us with funny names of cryptocurrencies, messenger bots that double as financial concierges, and tales of radical financial inclusion to zack [at] tearsheet.co
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