Fintech Labs Insights

MARCH 4, 2019

Since the financial crisis in 2008, it’s been much harder for U.S. youth to obtain a credit card. So most rely on debit cards for spending. However, debit cards don’t help in establishing credit for the estimated 45 million American adults without a credit score ( see note 1 ).

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UX Austin Security Cards 12

Fintech Labs Insights

APRIL 16, 2020

Financial crisis (2007-2008). The fintech hits : Most of the fintech unicorns were created after 2008 including: Stripe, Ant Financial, Bitcoin, Chime, Robinhood, Betterment, Transferwise, Revolut, Coinbase, Monzo, and hundreds more. And it took the rest of the decade for the capital to gravitate to all the good ideas.

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Fintech UX Community Comparison 15

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Except maybe they did partly.

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Community Fintech Industry Innovation 216