Fintech moves fast. But here at Fintech Takes, Alex Johnson and his rotating panel of guests move faster so that you can stay on top of the latest and greatest news in the industry without breaking a sweat.
Welcome to Fintech Takes—the place where fintech’s biggest nerds come to sit back, relax, and completely geek out.
Join Alex and a lineup of fintech’s brightest minds as they dissect what’s happening in fintech and banking.
Each week, Alex and his guests recap the most interesting developments in fintech and explore the industry’s most pressing questions, diving headfirst into the intricate workings of some of the industry’s most ground-breaking business models and unpacking the emerging players that promise to shape fintech’s future.
From riveting conversations with fintech’s most relevant operators to comprehensive recaps of the month's most compelling news stories and in-depth analyses of the latest regulatory developments, Fintech Takes is your one-stop-shop for navigating the fintech universe.
Subscribe now to join fintech’s nerdiest podcast around!
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Fintech moves fast. But here at Fintech Takes, Alex Johnson and his rotating panel of guests move faster so that you can stay on top of the latest and greatest news in the industry without breaking a sweat.
Welcome to Fintech Takes—the place where fintech’s biggest nerds come to sit back, relax, and completely geek out.
Join Alex and a lineup of fintech’s brightest minds as they dissect what’s happening in fintech and banking.
Each week, Alex and his guests recap the most interesting developments in fintech and explore the industry’s most pressing questions, diving headfirst into the intricate workings of some of the industry’s most ground-breaking business models and unpacking the emerging players that promise to shape fintech’s future.
From riveting conversations with fintech’s most relevant operators to comprehensive recaps of the month's most compelling news stories and in-depth analyses of the latest regulatory developments, Fintech Takes is your one-stop-shop for navigating the fintech universe.
Subscribe now to join fintech’s nerdiest podcast around!
Fintech Recap: Open Banking, Digital IDs, and Green Dot’s Split
Fintech Takes
1 hour 6 minutes
1 month ago
Fintech Recap: Open Banking, Digital IDs, and Green Dot’s Split
Welcome back to Fintech Takes. I’m Alex Johnson, joined (as always) by my Jason Mikula, my partner in recapping — who I’ve been lucky to see a lot of lately, which makes recording this over the internet feel oddly impersonal?
First up, open banking updates. JPMC has updated data-access contracts with Plaid, Yodlee, Morningstar, and Akoya; covering, reportedly, 95% of data pulls on its systems (but is silent on players like Finicity, Stripe, Trustly, and MX). Meanwhile, the CFPB wants to finalize its 1033 rule by year’s end, possibly skipping key steps like the small business panel. The rule may allow data fees tied to “cost recovery,” but what counts as cost (and who has the leverage to charge it) is still very much in play.
Then it’s onto digital IDs. Apple now lets users create an identity credential in Wallet from a passport, using NFC and a liveness check. Jason tested it. It works, but usage is limited to select TSA checkpoints. And adoption faces the same slow climb as Apple Pay, but with higher risks if it fails. Identity credentials aren’t like payments: you don’t want them glitching at airport security!
From there, Green Dot (which some might describe as an OG fintech company) is going private and splitting up. Smith Ventures is buying the non-bank side, while CommerceOne (also backed by Smith) takes over the bank and folds it into a new holding company. It’s a move that looks like extraction (pulling the combo out of public markets that never knew how to value it), which raises questions for other banks trying to thread the same needle.
Plus, in our Can’t Let It Go corner: Jason dives into the latest lawsuit against Meta, where internal docs reveal the company blocked safety features that threatened growth, ran a 17-strike policy before removing sex traffickers (described as a very, very, very high threshold), and drew its own comparisons to Big Tobacco. And I flag a podcast moment so surreal it sounds fake: the CEO of Roblox endorsing prediction markets for kids (as long as they’re framed as “educational”).
Thanks for listening!
This episode was brought to you by Marqeta. Don’t sacrifice agility for stability. With Marqeta, launch payments experiences that perform at scale and flex with your business. Learn more at https://marqeta.com/ftt
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Fintech Takes
Fintech moves fast. But here at Fintech Takes, Alex Johnson and his rotating panel of guests move faster so that you can stay on top of the latest and greatest news in the industry without breaking a sweat.
Welcome to Fintech Takes—the place where fintech’s biggest nerds come to sit back, relax, and completely geek out.
Join Alex and a lineup of fintech’s brightest minds as they dissect what’s happening in fintech and banking.
Each week, Alex and his guests recap the most interesting developments in fintech and explore the industry’s most pressing questions, diving headfirst into the intricate workings of some of the industry’s most ground-breaking business models and unpacking the emerging players that promise to shape fintech’s future.
From riveting conversations with fintech’s most relevant operators to comprehensive recaps of the month's most compelling news stories and in-depth analyses of the latest regulatory developments, Fintech Takes is your one-stop-shop for navigating the fintech universe.
Subscribe now to join fintech’s nerdiest podcast around!
