Hacker News Reader

I thought it was fairly clear. Chase wants to get into the fintech space so they acquired WePay.

Yeah but it is written indirectly, and the only reason why it's clear to you is because you are probably trained (willingly or not) to interpret such announcements.

Between my quote "hi guys, we've been bought" and this statement, you can see the difference, right? One is very clear to the point, the other talks about lot of things but actually doesn't literally spell it out once.

Is there a a good definition for companies in the "fintech" space? Is it anyone building a product that lets consumers/enterprises receive and send payments over mobile/desktop/internet rather than physically going into a branch?

Curious as it seems to me (uninformed) that basically all banks already have fintech offerings and are built around networking and payments technology at their core.

I think fintech (like "edtech") is a little bit nebulous. I would say anything involving handling money is fintech. So stuff like Venmo or Robinhood. I would even go so far as to say certain data science companies are fintech in that their offerings cater to financial institutions.

Reply on news.ycombinator.com