Equbot has created an AI Powered ETF (ticker: AIEQ); it analyzes massive amounts of data to create a portfolio of 30-70 stocks; some of the data sources include regulatory filings, quarterly news releases, articles, and social media posts; a major difference of the fund is that the bot’s methodology can be explained; the fund launched on October 18, 2017 and has about $70 million in assets. Source
Grayscale Investments, the world’s largest digital asset manager, is set to expand beyond North America, as it targets Europe.
Fintech startup Jefa has raised a $2 million seed round to build a fintech startup offering digital accounts with a product specifically designed for women living in Latin America and the Caribbean. The company has managed to attract 115,000 women on its waitlist and participated in TechCrunch’s Startup Battlefield last year. Investors in Jefa include...
A record number of Americans experienced identity fraud in 2017, that represents an 8 percent increase from 2016; according to a study by Javelin 16.7 million people were hit by identity fraud; the rate of increase for identity fraud has slowed from 2016 but Americans that were notified about a breach also went up 30 percent; fraud prevention has become one of the main topics in fintech and banking as companies look to leverage new technologies like AI and blockchain for solutions. Source.
A recent conversation with her seven-year-old nephew reminded Ranjita Iyer about trust, one of the foundational elements of the financial system.
MicroStrategy is delaying the inevitable on its cryptocurrency bet, with some hair-raising justifications.
iPayment, Inc. has created a new business unit, iPayment Capital, to offer merchant cash advances; the new business unit will utilize the firm's 137,000 SMB customers for merchant cash advance lending; the service will add to payment processing and point of sale services currently offered by iPayment, Inc. Source
Fintech startup and alternative credit asset manager Viola Credit, has closed its latest $700 million fund which provides asset-based lending capital to FinTech, PropTech, and InsurTech startups. If this FinTech play reminds you of Silicon Valley Bank, then think again.
Chris Tremont, head of Radius’ virtual bank, joined the Tearsheet podcast to talk about how the bank has used fintech...
In an evaluation of the mobile banking apps of 24 large banks and fintechs, Chase, Citi, Bank of America, and Capital One came out on top.