Hiring competition has increased across sectors - A focus on financial wellness may equate to higher employee retention and motivation.
The financial markets were slightly surprised by the presidential outcome with Dow futures down approximately 250 points on Wednesday morning; uncertainty over some big changes specifically in financial services from Donald Trump will be a factor for markets and the industry going forward; in financial services Trump looks to deregulate the industry easing many of the controls implemented by Dodd-Frank; another factor for fintech will be Trump's position on net neutrality which could limit open source internet development; overall, speculators see increased volatility and uncertainty for the near-term. Source
JPMorgan asset-backed securities (ABS) analysts have highlighted marketplace lending securitizations, noting their growth and trending performance; cite marketplace lending ABS as one of the fastest growing securitization categories, increasing from $3.3 billion in 2013 to $9 billion in 2016; also say performance is better or similar to the broad market's ABS consumer loan securitizations overall with higher returns and lower default rates; additionally, the analysts report that credit characteristics on Avant's securitizations have improved. Source
A week on from Silicon Valley Bank's fall, Fintech Nexus hosted a webinar to discuss what happened and what's next for the institution.
Sifted has done some interesting analysis on the founders of the top 10 leading digital banks in the UK; it...
The Federal Reserve released its Consumer Credit report for October on Wednesday; the report showed an increase of $16 billion in total consumer credit; revolving credit increased by $2.3 billion and non-revolving credit increased by $13.7 billion; the increase resulted in a seasonally adjusted annual rate of growth of 5.2%; at 5.2% the rate is the slowest since June; consumer spending was also down in October with a 0.3% increase signaling caution from consumers in spending and borrowing. Source
Super apps in Asia have been a resounding success. However, will Europe and the U.S. see the same adoption? We spoke to Revolut's U.S. head of growth to find out.
Fund manager, Ben Conway of Hawksmoor, promotes alternative credit as a risk averse investment in the current market; with cash levels reaching 15 year highs according to Bank of America Merrill Lynch, many investment managers have significantly increased their low risk fixed income allocations; Hawksmoor says the growing number of alternative credit investments are providing a good area of value across all markets and a strong fixed income alternative. Source
The business press have focused this week on Deutsche Bank, amid rumors they will require government action to stay viable in their current circumstances; trigger issue is US government seeking a US$14 billion fine over the 2008-2009 centered subprime mortgage crisis; rumors vary on whether Deutsche and German government are working on a crisis plan and/or considering government financial support; comparisons are proposed to that period's bailout of "too big to fail" Lehman Brothers. Source
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.