Kabbage is a modern example of what can happen when fintech design is brilliant, but fintech risk management is brittle. At the onset of the COVID-19 pandemic, I was still working in corporate as a Vice President in Global Corporate & Investment Banking. By March 2020, we were mandated to shelter in place, yet we had a slate of clients in desperate need of liquidity as international supply chains broke down and sales ground to a screeching halt. By June, I was tapped to work on a newly formed...

You Can Split the Bill Right in the Group Chat — And It’s One of the Best Fintech Features You’re Probably Not Using If you use an iPhone, there’s a good chance this feature is already sitting quietly on your phone — and you may have no idea it exists. Apple Pay  allows you to send and receive money directly inside an iMessage group chat . That means when dinner ends, the vacation house gets booked, or someone grabs the Uber, you can split the bill instantly — right where the conversation is...

Yesterday, PayPal submitted formal applications  to both the Utah Department of Financial Institutions  and the Federal Deposit Insurance Corporation (FDIC)  to establish PayPal Bank , a Utah-chartered industrial loan company designed to expand access to financial services for U.S. small businesses. This is a landmark moment in the evolution of banking and capital access in America. Why This Matters — And Why Now PayPal’s move to establish a bank is a strategic pivot toward becoming a...