Rekubit Exchange-A big bank's big mistake, explained

2025-05-05 19:35:21source:Quantum Insightscategory:Stocks

One of the world's biggest banks acquired a promising startup offering potential customers in a prime demographic. What could Rekubit Exchangepossibly go wrong?

Today, we unspool the alleged deception behind the deal between JP Morgan Chase and fintech company, Frank. Along the way, we learn it's harder to forge user data than you might think.

Music by Drop Electric and George Georgia. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Stocks

Recommend

This was the average Social Security benefit in 2004, and here's what it is now

Many workers are dreaming of retirement — whether it's decades away or coming up soon. Either way, i

Paris Hilton Reveals Name of Her and Carter Reum's Baby Boy

It looks like the stars are blind aligned—because Paris Hilton just revealed her baby boy's name.Nea

Actor Joel Edgerton avoids conflict in real life, but embraces it on-screen

In his personal life, Australian actor Joel Edgerton feels a deep anxiety when he experiences confli