| Breakthrough robotic system promises to revolutionize microsurgery | | |  | FRI, NOV 06, 2020 | | | | | | TECH, TRANSFORMATION AND THE FUTURE OF WORK | | | | Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
Stripe. Chime. Robinhood. Coinbase. If you aren't familiar with these names yet, you likely will be soon. They're the backbone of the future of finance, and banks and other global payment giants have taken notice of these digital financial services apps.
Take Plaid for example, a platform that allows you to connect your bank (more than 11,000 of them) to your payment apps (Venmo, etc.). Visa planned to acquire Plaid, but as with any newsworthy acquisition, comes extra scrutiny over antitrust concerns and the DOJ has filed a suit to block this acquisition alleging it would limit competition in the industry. Plaid isn't the only deal like this: Credit Karma is reportedly in talks to sell a piece of its business to Square, while Intuit is set to buy Credit Karma, which also owns TurboTax. Mastercard is another brand planning to buy a fintech app. Meanwhile, Visa CEO Al Kelly calls this potential purchase an "insurance policy" to neutralize the threat to the debit business.
With the surge of fintech apps changing the game of banking and increasing partnerships between banks and fintech apps, what's the future of regulation in the space? Al Kelly is joining the CNBC Evolve Summit this Tuesday – we're thrilled to hear from him in conversation with Carl Quintanilla talking the future of mobile payments and innovative tech moving money globally. Register to join the discussion live.
PROGRAMMING NOTES:
We have a few (complimentary) events on deck.
- Tuesday, November 10 – CNBC Evolve Summit, convening CEOs and leaders from Visa, IBM, Boeing, LA Dodgers, Metallica (the band) and more to talk about transformation in mobile payments, flight, live events, music and beyond. Learn more & request an invitation.
- Thursday, November 12 – CNBC Workforce Executive Council Summit, featuring PayPal's Dan Schulman, Scott Gottlieb, Wharton's Erika James and more to provide insights for CHROs, chief people and diversity officers to lead their workforces. Apply to the WEC to join this and other events and exclusive leadership conversations.
- Tuesday, November 17 – CNBC Path Forward: Your Money Summit, bringing together personal finance experts, including Suze Orman, NFL's Brandon Copeland and Carl Nassib, Winnie Sun and more, to provide consumers with critical advice on spending and saving to thrive in these times. Learn more & register.
| | Breakthrough robotic system promises to revolutionize microsurgery | | Medical Microinstruments launched its Symani Surgical System to assist in microsurgical procedures. This robotic system enables surgeons to perform some of the most difficult surgeries with greater ease and less complications. MMI hopes it will become the standard in microsurgery and soon become available in the U.S. | | | | | |
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