Fast news explainers for a world in flux. Every week, Bloomberg Radio's Charlie Pellett brings you the context, background and meaning for an issue, event or idea in the news.
All content for QuickTake is the property of Bloomberg and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Fast news explainers for a world in flux. Every week, Bloomberg Radio's Charlie Pellett brings you the context, background and meaning for an issue, event or idea in the news.
Not so long ago, homebuyers, entrepreneurs and investors went hat-in-hand to the bank to apply for a mortgage, small-business credit line or brokerage account. Financial technology, or fintech, is rapidly changing all that by making it easier to save, borrow and invest online or with a mobile device, without ever dealing with a traditional bank. For old-fashioned banks and money managers, fintech is causing dramatic upheaval, possibly the most since mainframe computers first whirred to life on Wall Street in the 1960s. It’s caught the attention of regulators, consumer advocates and industry veterans. Will a digitized financial-services industry mean lower costs, more innovation and greater access for all? Or will the dominant players ultimately stay on top, with their hefty fees, commissions and compensation, largely intact?
QuickTake
Fast news explainers for a world in flux. Every week, Bloomberg Radio's Charlie Pellett brings you the context, background and meaning for an issue, event or idea in the news.