FinCap Friday: Bye Bye Banks?
For the EdPuzzle version of this activity, click here.
In this FinCap Friday we chronicle the epic battle being waged between the well-established banks and the upstart FinTech competitors. Once a blip on the radar for the big banks, several of these emerging companies have earned unicorn status and are valued privately at more than $1billion. Why? Blame mobile phones, the comfort level that younger generations have with conducting business (including banking) online and the FinTech focus on creating a great UX (user experience) on their apps. Find a pain point for bank customers (can you name a few?), solve it, rinse, repeat. Will big banks reign in a decade? Ponder that question while playing this week's engaging FinCap Friday:
We recently added a no-tech version of FinCap Friday where the questions are embedded in the presentation rather than an online quiz.
Check out all of our FinCap Fridays here. They are not date-dependent so any of the 20+ in our catalog can work throughout the year.
About the Author
Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her soon-to-be 7 nieces and nephews!
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