<story><title>Scanning the fintech landscape: disruptive models</title><url>https://www.mckinsey.com/industries/financial-services/our-insights/banking-matters/scanning-the-fintech-landscape</url></story><parent_chain></parent_chain><comment><author>sarcasmic</author><text>I didn&amp;#x27;t see &amp;#x27;cash management accounts&amp;#x27; on the list, but I think these are among the best products. They&amp;#x27;re not too common, but more are appearing now.&lt;p&gt;There&amp;#x27;s the classic ones that combine various investment products and slush balance that&amp;#x27;s insured by a bank sweep in the same interface, and the new ones that abstract completely away from the underlying storage of the money, and provide some familiar features (debit card, bill pay, ACH transfers) and perks (high interest rate, no fees).&lt;p&gt;The latter kind is a great, low-risk, low-effort store of spending money for people with unpredictable income and&amp;#x2F;or spending who have little time or cushion to invest in products with higher returns and need the liquidity. It&amp;#x27;s a compelling alternative to a traditional US checking account at a large bank, where most of this demographic has their money.</text></comment>
<story><title>Scanning the fintech landscape: disruptive models</title><url>https://www.mckinsey.com/industries/financial-services/our-insights/banking-matters/scanning-the-fintech-landscape</url></story><parent_chain></parent_chain><comment><author>venantius</author><text>We [&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;griffin.sh&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;griffin.sh&lt;/a&gt;] are building a bank-as-a-platform in the UK due to the friendlier regulatory environment compared to the US. We see a huge opportunity in this space and most of the existing incumbent institutions have stumbled into the space rather than building a purpose-built company to solve the issues that a platform bank can solve.</text></comment>