Are Fintechs Lending to Deadbeats? It wasn’t so long ago that Brett King, CEO of Moven, boasted that his company was at the forefront of a revolution in banking that would upend everything by freeing the typical consumer from old-fashioned and timeworn banking practices. Moven was among the first neobanks to offer a digital-only, bank-like experience, with payments, a digital wallet and other conveniences. Sure, banking has changed a lot since 2013, but it hasn’t yet panned out the way King predicted in his book “Breaking Banks,” nor does it seem likely to happen immediately as more fintechs choose to...
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