Fintech Insider By 11:fs

697. Insights: Will social media banks ever take off?

Informações:

Sinopse

Our expert host, Nicole Perry, is joined by some great guests to discuss the potential of social media networks becoming banks. At the end of 2022, Elon Musk held a meeting with Twitter employees laying out plans to turn the social network into a bank - complete with a high-yield money market account, debit cards, checks, and loans. Musk is not the first social media mogul to see the power of combining banking and social networks – but, to date, that melding of likes and filters with APIs and KYC has proved difficult in many markets. So how have these two worlds collided so far, what is stopping social media banks from happening, and what could happen in the future? This week's guests include: Ross Gallagher, Manager, 11:FS Jason Mikula, Publisher, Fintech Business Weekly Nik Milanović, Editor, This Week in Fintech This episode is sponsored by Amplitude In today's volatile market, financial services companies that want to thrive must prioritize customer loyalty and engagement. Amplitud