EDGE’s Post

Money20/20 Recap! - Standard setting is hard when everyone isn't on the same page. The big banks' surprise lawsuit against the CFPB proves that not everyone is on the same page. - It doesn't matter if no one actually switches banks. It's the threat of switching that matters. - Will banks be able to access their own deposit data for cash flow underwriting before fintechs can convince their customers to bring them the banks' data for cash flow underwriting? The race is on! - More flexibility is coming to the point of sale. The question is whether this flexibility will be enabled at the card level or the wallet level. - Secured credit cards are becoming popular again as other credit builder product constructs lose favor with regulators, credit bureaus, and me. - Agentic workflows is the buzziest fintech trend heading into 2025. - There are still too many early-stage fintech companies in too few categories. The new overcrowded categories are fraud/identity, AI for compliance, and stablecoins. - Faster payments is continuing to inch forward in the U.S. and there is potential for it to help solve (not just create) fraud challenges. For the full analysis, check out the link in the comments!