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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Paulina Gonzalez, Executive Director, California Reinvestment Coalition, San Francisco, CA. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY.

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not another Theranos

CB Insights

Hola, Elizabeth Holmes of Theranos famously lived alone in a Los Altos, CA mansion and expensed the rent. Our VC funnel research report shows just how much carnage there is as part of the venture capital process, both in terms of outright failures and “walking dead” companies. Glam life, scam life. The race is on. See them all here.

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Finovate Debuts: BaseVenture’s Command Center for Fund Managers & Administrators

Fintech Labs Insights

is a SaaS platform designed to give fund managers a central place to manage investors, execute trades, and raise capital. Company facts: Headquartered San Rafael, CA. Private funds (think: hedge, real estate, private equity) spend 60% of their expenses on manual solutions to operations and business management needs.

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The top-performing community banks of 2021

Independent Banker

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. . Capital Community Bank.

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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

investment fund dedicated to startups innovating in the AV space. In many ways, Apollo resembles Google’s Android Open Source Project (AOSP), Google’s open software platform for a mobile operating system (OS) that launched in 2007. Didi’s lab in Mountain View, CA. Beyond Apollo: Baidu’s outside investments.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Market share is simply shifting away from big chains that haven’t successfully innovated, flowing instead to new models for creating and selling food to customers. Cafe X in San Francisco is one of the first food businesses to successfully integrate robots into its operations. Automatic food: Cafe X.