Incumbents vs Insurgents

Are Stablecoins useful domestically?

It’s not obvious that they are ... yet

Jun 16 •

Andrew M. Dresner

Chime S-1: Still not the future of banking

Sheltering behind the Durbin moat limits opportunity

May 19 •

Andrew M. Dresner

Klarna isn't a credit card killer

Pay-in-4 is a great product for credit constrained consumers only

Apr 14 •

Andrew M. Dresner

Is Clover gaining share for Fiserv?

Or is it just cannibalizing Fiserv's legacy business?

Apr 7 •

Andrew M. Dresner

Are Fintechs opening 44% of new checking accounts?

Mar 24 •

Andrew M. Dresner

Where are Fintechs winning?

In markets that incumbents can’t or won’t serve

Mar 17 •

Andrew M. Dresner

PayPal Investor Day ignored competition

But PayPal competes with a who’s who of payments royalty who are not standing still

Mar 3 •

Andrew M. Dresner

Is POS Lending a payments service?

No, these are lending products with incidental payments functions

Feb 17 •

Andrew M. Dresner

Can X win in P2P?

Feb 3 •

Andrew M. Dresner

Interchange Arbitrage as a business model

Marqeta & Chime both depend on IC arbitrage, but there is a downside

Dec 23, 2024 •

Andrew M. Dresner

Should banks buy payments Fintechs?

Rarely. Bank culture stifles Fintech agility – and that’s a good thing!

Dec 16, 2024 •

Andrew M. Dresner

Are Digital Currencies payments-ready?

Not for routine, domestic consumer payments, but could serve edge cases

Dec 2, 2024 •

Andrew M. Dresner

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