Banking is Going Native.

Embracing Embedded Finance and other Market Shifts.

This week we look at Banking, Entrepreneurship, Climate Neutrality, and AI.

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These are the articles and insights our team is excited about this week:

• 37% of consumers would like to maintain their relationships with both traditional banks and digital banks, according to this report by Marqeta, broken down by the Tearsheet team. This trend trend dovetails the growing adoption of Embedded Finance, as banks look at non-traditional distribution channels.

• Innovation in the carbon-neutral industry has slowed, but there are time-honored principles that can help revive disruptive or incremental improvement. This article highlights 7 ways to make it happen.

• The Basel Committee has asked for feedback on the Core Principles for effective banking supervision. Feedback is needed by October 6, 2023 - read the draft and submit your feedback here.

What’s UP this Week?

David Milligan and Avinash Singh unpack the accelerated adoption of checking accounts in the US by digital banks - watch the 5min overview below!

Read more about the content covered in the related links below:

1 - Sofi's plan for $2 Billion of Deposits every quarter
2 - Winning strategy patterns for challenger banks
3 - The Innovators Dilemma, by Clayton Christensen
4 - The Checking Account War is Over (And Fintechs have Won)