As an elder Zoomer born in '97, the 'Crypto Bowl,' the JP Morgan "metaverse" and Facebook's Meta is nonsense to me, and here's why.
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Ant Financial’s Yu’e Bao fund has grown since launch in 2013 to become the largest money market fund in the world; JP Morgan’s fund, which launched in 1993, was recently passed by Yu’e Bao in assets and is still seen as the safer fund; according to a report by Fitch Ratings Yu’e Bao is a lot riskier in terms of market concentration, credit quality, liquidity and regulatory risk. Source.
The Center for Financial Services Innovation (CFSI) and JPMorgan Chase have announced the launch of their third annual Financial Solutions Lab (FinLab); the FinLab challenge provides support for fintech companies developing innovative solutions targeting the financial health of overlooked populations; the FinLab is currently taking applications and will announce its winners at the EMERGE Forum 2017; FinLab winners receive $250,000 and support from FinLab advisers and partners. Source
While there are those that may feel the robot takeover in financial services is imminent, there is a much larger...
Stripe is rolling out Terminal across the US Facebook’s ‘stablecoin’ punt raises questions for regulators Norway financial giant DNB to...
Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now...
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
The Chinese government is looking to approve global banks for majority ownership in local security ventures; the China Securities Regulatory Commission...