The Money Hackers: How a Group of Misfits Took on Wall Street and Changed Finance Forever

"But putting a computer in everyone's pocket was the consequence of their original goal, not the goal itself" of Apple.

Venmo started from forgetting a wallet.

Braintree - while they could move the credit card info from one app to another - that would freak customers out. Freakish convenience. We need a layer for that. eg. Zelle. between your own bank makes you trust it better.

supply-side, demand-side

If you bring customer to merchant, then merchant will pay you some.

LendingClub reducing the spread between how much credit card charges you compared to the interest paid on your savings. Moving that to consumers is eating bank lunch. Wow spreading out lending.

Quiet periods. Work with SEC.

Community Reinvestment Act to Engine of Inequality

"You cant build a risk model without giving bad loans" - Kathryn Petralia, Kabbitch. "Social data is more predictive than credit data".

Mint is Yodlees youtube. While Mint wanted to know the customers data from bank which was each different, one bank to another, with Yodlees scraping its like removing the particular bank's structure on data and rearranging it the way you want it.

"when I look at an industry, I think about whats inevitable, given what technology enables, and i try jump ahead four or five years ahead and plant  aflag in that space"-