, 5 tweets, 2 min read
My Authors
Read all threads
The financial industry adopting APIs enables a banking service that "allows clients to go from simply managing their bank transactions through an app, to having all of their financial accounts optimally managed for them." Andy Rachleff americanbanker.com/opinion/mobile…
"Imagine a world where once a paycheck has been direct deposited, the bank automatically pays the customer’s bills and then routes the remaining money to where it needs to be based on that consumer's financial goals and lifestyle."

"Self-Driving Money" is the goal.
Andy Rachleff: 'We realized [a high-yield checking account] is a better entry point than an investment account."

"Our average client adds 40 to 50% each year [to their account balances]."

"Big banks are not good at writing software." riabiz.com/a/2019/12/6/af…
"By the end of the first quarter, Wealthfront aims to launch a debit card, automated bill pay and direct deposit. After the second quarter, it will have other automated features ready like rerouting of leftover money into clients’ investment portfolios." financial-planning.com/news/wealthfro…
"To figure out what you spend and save every month, that's deep learning. We use that to figure out what you spend. We use optimization techniques to make sure you have the right amount. You have just one account."

An unbundle, then rebundle strategy. google.com/amp/s/25iq.com…
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Tren Griffin

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!