Remove tag net banking fintechs
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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

JOHNSON: And then I moved into, we had a bank at the time, and I moved into running part of the bank. RITHOLTZ: So Franklin obviously divests out of the banking business, the credit card business, the auto financing business. The requirements for asset managers to have a bank were such that it would inhibit us a bit.

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Promising Partnerships Edition: PayPal, The Card Networks And Walmart

PYMNTS

The company’s two recently announced partnerships , with credit card issuer Citibank and FinTech firm FIS, are the first two public proof points of its intentions. Both will enable an easy provisioning of PayPal cards via the bank’s mobile app, and both will enable a co-branded experience for the banks.

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Transcript: Brian Hamburger

Barry Ritholtz

RITHOLTZ: Because it means we don’t really know why we’re slamming these two companies together other than the fees, the banking fees. RITHOLTZ: Went from churn and burn to net and forget. But my deal is I use one of these services where anything I find interesting, I just tag it as a “to watch.” HAMBURGER: Really?

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Transcript: Howard Lindzon

Barry Ritholtz

I think eventually it’s Dain Rauscher, which is now Royal Bank. I can either just give it away for free, which, you know, I started the cash tag dollar sign… RITHOLTZ: Right. Why wouldn’t you, you can buy a fintech assets for 90, 90 cents off the dollar. RITHOLTZ: So it’s quarter million per bank.

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