Investors Go Phishing For Gold In Cybersecurity—Cyber Saturday

Greetings. This is Jonathan Vanian, filling in for Robert Hackett and Jeff John Roberts. Investors see a potential gold mine in combating one of the oldest tricks by hackers. Three cybersecurity startups specializing in technology to prevent phishing attacks raised nearly $140 million in venture capital in the past week, according to Crunchbase. In a […]

Investors Go ‘Phishing’ For Gold In the Cybersecurity Market—Cyber Saturday

Greetings. This is Jonathan Vanian, filling in for Robert Hackett and Jeff John Roberts. Investors see a potential gold mine in combating one of the oldest tricks by hackers. Three cybersecurity startups specializing in technology to prevent phishing attacks raised nearly $140 million in venture capital in the past week, according to Crunchbase. In a […]

Citi CEO: In an Age of Fintech Disruption, Don’t Sleep on the Bank Branch

To thrive in the digital age, big banks need a two-pronged approach that spans the traditional and the new: a broad physical branch network that caters to Baby Boomers and a robust online (and mobile) presence for Generation X and Millennials. Sure, financial technology–or “fintech”–disrupters will pick their spots and target specific channels such as […]

What Big Banks Say About Being ‘Screwed’ By Technological Change — Data Sheet

Adam Dell, the head of product for the Goldman Sachs consumer bank Marcus, delivered a zinger to the Brainstorm Finance audience in Montauk, N.Y., Thursday afternoon. “There are only two kinds of banks,” he said. “There are banks that are screwed. And banks that don’t know they are screwed.” Dell can be smug because his […]

Why Blockchain ‘Hype’ Needs to Stop

Hype–tons if it–has long infiltrated the blockchain and cryptocurrency space, and IBM blockchain general manager Marie Wieck, for one, would like it to end. “Stop the hype” with blockchain, she said at Fortune‘s Brainstorm Finance conference in Montauk, N.Y. on Thursday. Instead, she said, focus on the value proposition it brings to the table. “The […]

Debt-Saddled Millennials Are Rushing Into Home Ownership—And It’s Costing Them

Debt has come to serve as a defining trait for millennials–about 60% don’t have enough savings to handle a $1,000 emergency bill–but a lack of education can make a tough financial situation even harder than it has to be. Speaking at Fortune’s Brainstorm Finance conference in Montauk on Thursday, Hugh Frater, CEO of Fannie Mae, […]

Apple Card Still Dropping This Summer, Says Goldman Sachs’ Consumer Chief

The Apple Card–Apple’s hotly anticipated credit card collaboration with Goldman Sachs–is due to debut this summer. But, as Fortune‘s Adam Lashinsky pointed out to Goldman Sachs’ Harit Talwar on stage at the Brainstorm Finance conference in Montauk, N.Y., today, “It is the summer.” Don’t read too much into the fact that we’ve yet to see […]

What’s Next in Blockchain? Ask This Teenage Engineer

A 17-year-old, brain-computer interface developer is challenging people to rethink the possibilities of blockchain by creating her own encrypted interface where people can share genetic data. Ananya Chadha–the youngest interviewee at Fortune‘s inaugural Brainstorm Finance conference in Montauk, N.Y.–told Fortune Editor-at-Large Shawn Tully that “blockchain is so powerful for things that most people forget about.” […]

Wall Street Is Taking Cues From Silicon Valley to Innovate Fintech

Despite a slew of mobile apps designed to help us budget better, it still wouldn’t be considered shocking to bring “a shoebox full of documents” to apply for a mortgage. That’s according to fintech startup Plaid CEO Zach Perret, who spoke at Fortune’s inaugural Brainstorm Finance event in Montauk, N.Y., on Thursday. A Silicon Valley […]

Sallie Krawcheck Wants CEOs to ‘Break the Wheel’ to Solve the Diversity Crisis

Sallie Krawcheck isn’t here for your diversity groups and mentoring programs. “Guys, we’ve been doing that for years and years and years. If it was gonna work, it would’ve worked,” she said of the common corporate salves to a pressing diversity crisis. Instead, CEOs need to decide they’re going to “break the wheel,” the CEO […]