APRIL 24, 2020 “There’s no doubt that banks are busy and, being risk-averse enterprises by definition, erring on the side of reduced expenditure in order to keep their staff employed. But what will they do when PPP and re-financings are finished?”
APRIL 16, 2020 “In the race for wealth assets, current bank wealth group behavior suggests that large accounts matter, while small accounts aren’t worth the effort to cultivate. But fintechs have a different point of view. Banks would do well to remember what these fintechs already know—that many large wealth accounts probably got their start […]
MARCH 27, 2020 “It shouldn’t be surprising that a publicly traded fintech like LendingClub just decided to buy the bank outright. But why does this acquisition matter to banks?.”
MARCH 17, 2020 “A few years ago, everyone in the industry was talking about robo and how it was The Next Big Thing. It was either going to save us or destroy us all.”
MARCH 10, 2020 “The millions of customers using direct-to-consumer fintech solutions have come to expect robust online and mobile experiences that help them understand, track, save, and invest in their financial goals. Without the ability to easily and cost-effectively add these types of interesting fintech-like features into existing digital channels, banks run the risk of […]
OCTOBER 8, 2019 “Despite net zero outflows, banks should closely watch the impact that micro-savings firms have on their financial statements. There are a number of fintech firms chasing bank customers with innovative features, all aiming to disintermediate customers from their financial institution.”
SEPTEMBER 23, 2019 "It turns out that it’s not just the banking industry’s conservative nature and relatively slow innovation cadence that makes them a juicy target for fintechs. Banks can also be significantly hindered by their historical operating structures. The related, yet separate, concepts of savings and wealth are a good case in point."
SEPTEMBER 3, 2019 Hi, Drew Sievers here. I’m the CEO of a company that, up until this point, has been known as Trizic. However, as of today, Trizic officially becomes Harvest Savings & Wealth Technologies, or just Harvest for short.