The whole Apple Card and the supposed gender bias -- I think we’ll see more things like this surface.
I do think this raises the stakes for pure fintech startups.”Frank Rotman: “The trend is broader than ‘tech getting into finance.’ It should be seen as ‘customer-facing organizations’ offering their customers banking products.
Personal loans -- a category popularized by fintechs like GreenSky Inc. or Affirm Inc. -- are now the fastest growing form of debt in the U.S., Experian data says.
Our experts think there’s plenty more government scrutiny ahead for financial technology players.
Companies will need to adjust their strategies accordingly.Chime, the leading U.S. digital bank, is now valued at $5.8 billion. | To read full story, visit https://startuparound.com/read/1577165407.1275182/Big-tech-is-coming-for-banking:-Experts-predict-fintech’s-2020?ref=audio_experience