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Essential Fintech Reading: May 23 - 29

Mary Meeker's Deck on 2015 Internet Trends
Anyone interested in the state of fintech should click through these slides to learn the latest Internet trends:

2015 Internet Trends Report from Kleiner Perkins Caufield & Byers

Here are three highlights:

All the Digital Growth Is in Mobile


Payments Are Getting Simpler and Simpler


Millennials Love Their Smartphones


A Primer on Android Pay and Google Wallet
New York Time's Mike Isaac covers the announcement yesterday about Android Pay, a competitor to Apple Pay.

"To use Android Pay, smartphone users with up-to-date versions of the Android operating system will be able to load Visa, MasterCard, American Express or Discover cards onto their phones. From there, they will be able to wave the phone over the terminals in more than 700,000 stores around the United States to pay for items. Android Pay will also work inside mobile apps from participating developers."

Where Banks Need to Focus If They Want to Outperform
Kevin Halsey, senior analyst at the consulting firm Capital Performance Group, lists four areas banks should focus on to beat the competition: 1) revenue growth 2) scale 3) loan growth 4) core deposit funding. Capital Performance Group analyzed three peer groups to come up with their results and found that "median return on average equity ratios for these three peer groups in 2014 were all in the single digits, ranging between 7.29% (community banks) and 8.90% (midsize banks)." They added that "banks must devise plans to get above 10% to attract the capital needed to support growth. In other words, they need to be more like the high performers, which achieved median ROAE ratios of between 12.03% and 13.84%."

5 Things We Got Wrong In FinTech
Iñigo Rumayor, founder of the fintech startup Regalii, tells of lessons learned in his experience launching his startup.

"When we started our FinTech startup Regalii, over 3 years ago, I thought that we knew everything there was to know about remittances, FinTech and its customers. As a Mexican native living around the world, I had received and sent remittances for years. In Mexico, remittances are a part of our daily lives, as much as mariachis and our delicious tacos. As it turns out, most of what I thought I knew turned out to be wrong..."

50 of The Best All-Time Posts From The Financial Brand
The Financial Brand had their 7-year anniversary this week and announced that they crossed the threshold of 10 million all-time page views. Since The Financial Brand is probably our favorite banking site on the Internet, we're very happy for them. Check out their list of their 50 best posts!


Source: http://bit.ly/1Fep3R5