As we continue to hear more from the Office of the Comptroller of the Currency (OCC) about their new fintech charter, the question comes to mind: is the regulator taking the right approach?; fintech companies are beginning to disrupt many different facets of the financial system, coming up with a singular charter could be limiting and hurt innovation; the OCC has stated that this new charter from their point of view is just one of many options a firm can choose when looking at regulation; having regulators at every level think outside the box will help innovation overall and this also can help to discover an approach not yet seen. Source
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CB Insights has charted a market map of investment and wealth management companies; the market map includes 90 companies in seven main categories with subcategories for client group; for 2016, the firm reports a new high of 74 deals in wealth tech totaling $657 million; Betterment reported the top investment deal in 2016 with a $100 million Series E investment; in 2017 CB Insights reports 17 deals with $130 million in funding and the top investment going to Raisin with a $32 million Series C funding round. Source
Hardeep Walia spoke about the lack of transparency that exists in investing today with many investors investing in a black box as he demonstrates on stage; in turn, investors may be supporting companies who may not have the same values; sustainability is a trend and consumers are increasingly willing to pay more for sustainability but investors need to vote not just with consumption dollars, but also investment dollars; to that end Motif has launched a new digital wealth product called Motif Impact that allows investors to build an investment strategy around their values such as a sustainable planet, fair labor and good corporate behavior. Source