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Big Tech Is Coming for Banking: Experts Predict Fintech’s 2020

Dec. 23, 2019, 12:00 PM

Financial technology startups will enter the next decade with a little more street cred than the last time around.

Nearly 60 upstarts focusing on financial services -- from Stripe Inc. to Chime Inc. to Plaid Inc. -- have garnered valuations of more than $1 billion in recent years, according to CB Insights. Personal loans -- a category popularized by fintechs like GreenSky Inc. or Affirm Inc. -- are now the fastest growing form of debt in the U.S., Experian data says. And Robinhood sparked a movement toward free stock trading that has shaken the business models of the...

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