Emerging Themes in Fintech with Dan Kimerling | Summary and Q&A

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October 31, 2020
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ARK Invest
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Emerging Themes in Fintech with Dan Kimerling

TL;DR

Mobile wallets are transforming the fintech industry and offering a more seamless and convenient way for consumers to manage their finances.

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Key Insights

  • 😮 The rise of mobile wallets has transformed the way consumers manage their finances, offering convenience and accessibility.
  • ❓ Fintech companies are leveraging partnerships and platforms to acquire customers and create network effects.
  • 😮 Traditional banks are facing challenges in adapting to changing consumer preferences and the rise of fintech.
  • ✋ The market is showing a preference for fintech companies with higher return on equity, indicating a shift in investor sentiment.

Transcript

welcome to fyi the four-year innovation podcast this show offers an intellectual discussion on technologically enabled disruption because investing in innovation starts with understanding it to learn more visit arc-invest dot com arc invest is a registered investment advisor focused on investing in disruptive innovation this podcast is for informat... Read More

Questions & Answers

Q: What are some of the key themes in early stage fintech that Dan Kimberling is currently focusing on?

Dan is currently tracking six major themes in early stage fintech, including aging population, open banking, mobile wallets, and vertical banks. These themes reflect the evolving needs of consumers and the potential for disruption in the financial industry.

Q: How have banks and fintech companies approached customer acquisition and building network effects?

Banks have traditionally focused on cross-selling their products to existing customers, while fintech companies have leveraged platforms and partnerships to acquire customers and create network effects. Companies like Square Cash and Venmo have successfully integrated their services into popular platforms like social media and e-commerce, allowing for easier customer acquisition.

Q: What is the market's perception of traditional banks versus fintech companies in terms of return on equity?

Fintech companies such as Square and PayPal have seen their market capitalization rise significantly in recent years, while traditional banks like Wells Fargo have seen their market value decline. This may be due to the market's preference for higher return on equity, which fintech companies can achieve through innovative business models and lower cost structures.

Q: How are mobile wallets being used to expand financial services in underbanked regions?

Mobile wallets have been particularly successful in regions with limited traditional banking infrastructure. Companies like Chipper Cash are building multi-jurisdictional wallets that work seamlessly across different countries, providing a convenient and accessible financial ecosystem for users.

Summary & Key Takeaways

  • Dan Kimberling, founder of Destined Capital and expert in fintech, discusses the evolution of the industry and the rise of mobile wallets.

  • The adoption of mobile wallet technology is growing rapidly, particularly in countries where traditional banking infrastructure is limited.

  • Companies like Square Cash, Venmo, and Chipper Cash are leading the way in mobile wallet innovation and creating a more accessible financial ecosystem.

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