Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.
Apple, Google and now Samsung have all entered into the financial services space in a bid to provide a better...
Samsung has created a cloud-based enterprise blockchain platform; details from its trademark registration also report that the system is permissioned and has been created to form a consortium of trusted participants; functions of the platform reportedly include smart contracts for financial services, a loyalty point program and authentication for financial services; Samsung has previously invested in blockchain-as-a service platform Blocko and is a member of the Hyperledger. Source
We had already known about the partnership between SoFi and Samsung, but today the companies have officially unveiled Samsung Money...
In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
Samsung Pay has added a cash back option where customers can earn 5 percent cash back when paying with the...
This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.
London-based fintech Curve has been selected by Samsung to power the Samsung Pay Card in the UK; the debit card,...
Samsung has already been working with bank branches for five years; the new retail pop-ups will be rolled out in “sooner than a year”; an example of the pop-ups is a shopping center which usually has ATMs where banks could setup for a weekend to attract new customers; Samsung provides the devices that help bank employees engage with their customers. Source
The discussion at American Banker’s annual Digital Banking Conference in Austin last week revolved around new technologies like AI and...