Weekly Wrap: Apple channels fintechs with card launch

Welcome to the latest episode of our weekly wrap video series, for the week ending August 9, 2019. In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments:

  • With the much-awaited launch of Apple Card, the tech giant has taken a page from fintech startups in terms of function and design, as well as a “walled” approach to data sharing.
  • LendingClub is looking to become a challenger bank as the peer-to-peer lender shifts its strategy in the wake of a $10.6 million second quarter loss.

View the full video here: