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March 2020 - Vertical Neobanks
Despite strong technology players like Stripe, Square, PayPal, and Robinhood, traditional banks are still dominant.
Seth Rosenberg • First Principles of Investing in FinTech
Financial institutions were built to on-board people as customers (retail) or business owners as customers (SMB); however, today there is a new class of users needing access to the underlying financial infrastructure these banks use - developers.
Chris Mccann • Fintech Infrastructure 101 - Overview & Market Landscape — Chris McCann
Do they remain a Platform, or become an Aggregator?
Nikhil Basu Trivedi • Shopify and The Key Decision for Business-in-a-Box Platforms
Cross River Bank is an interesting example; a major line of their business is originating loans for fintechs which are then largely sold to funding sources that the fintech has lined up (such as investors looking for yield in a low interest environment). This gives CRB an interesting cross section of credit risk across the U.S. footprint of their c... See more