FDIC Non-Bank Venmo 
PYMNTS
MARCH 26, 2020
What is a bank? But as of 2020, it is a subject upon which seasoned experts can disagree, in a world where traditional banks and FinTechs are operating in parallel in the market – and, in many cases, are offering similar services for consumers.
PYMNTS
OCTOBER 26, 2018
Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. Voice assistants are popular with wearables owners, with over 20 percent reporting having one as opposed to non-wearables, where smart speaker penetration is still under 10 percent.
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PYMNTS
NOVEMBER 9, 2017
Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.
PYMNTS
JUNE 14, 2018
When Yuval Brisker landed in Tel Aviv for a family function, he didn’t have time to stop at a bank and exchange money before hopping in a taxi. While tools like Venmo, PayPal and Square have their place, Brisker said they function more like a virtual check; they’re focused on sending a payment to somebody you know.
CB Insights
DECEMBER 4, 2019
If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.
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