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Modern mythmaking tells us that the most successful business ventures start in workaday, somewhat solitary venues — dorm rooms, garages,...
The bank updated its targets for return on tangible common equity, consumer banking revenue and asset management in a less splashier fashion than its 2020 investor day.
Custodia Bank (formerly Avanti Bank) and Kraken Bank have been in a holding pattern for two and a half years as they wait for Federal Reserve master accounts.
Buy now, pay later titan Klarna announced Tuesday it had closed on a deal to acquire the price comparison platform PriceRunner.
Fresh off a new funding round that put Upgrade in unicorn status, CEO and Co-founder, Renaud Laplanche talked with Crowdfund...
Amid operational, compliance and strategic risks, the OCC cautioned banks of the evolving cyber attacks the regulator increasingly witnessed.
According to a blog post by the company, the fund will provide. ”financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way”; the company also said it will not invest in security tokens at this time; it is likely that the company is sitting on significant amounts of cash which put it in a good position to launch a fund; revenues in 2017 totaled over $1 billion; Bloomberg reported that the top ten largest crypto exchanges take in $3 million in fees per day. Source
Crowd Valley compiles a list of some of the most interesting fintech reports through the first half of 2017; the reports cover a wide range of research from consumer adoption of fintech worldwide to venture capital investment trends across the globe; there are four particular areas of focus they point out: insurtech, banking, payments, and artificial intelligence and blockchain; for newcomers and industry veterans these offer a good understanding of where fintech is today. Source
Artificial intelligence (AI) solutions are emerging in the wealth management space as a rival for robo advice; AI solutions are providing more sophisticated investment portfolio options than robo advisors using machine learning data optimization capabilities; there are a number of AI solutions supporting investment management that are already being used broadly within wealth management including Watson, Alladin, Kensho and Sqreem; these artificial intelligence systems and others under development have the capability to develop investing portfolios based on a range of technological data inputs while also using machine learning to analyze, interpret and act on information obtained from various sources such as news articles and social media; it's predicted that these AI solutions could evolve into offering more robust portfolio advice directly for retail investors. Source