Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
ValueWalk has analyzed the recent CB Insights report on fintech funding as well as the Forbes 50 report on the...
I reflect on ConsenSys acquiring a broker/dealer focused on municipal bonds, and why we believe that blockchain-native platforms are a fantastic fit for this $4 trillion asset class. Can direct holding of franctional munis enable deeper community participation and usage of common resources? Are there new sources of liquidity to unlock? At the same time, there are real dangers. I compare the evolution of digital lenders and their funding sources against the current possibilities in municipal bond markets. We also look into the reasons that some innovative Fintechs have failed to achieve their stated missions, and what can be learned and done better.
Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...
Well this morning started out as a bit of a bummer! See -- Charles Schwab to buy TD Ameritrade in a $26 billion all-stock deal. The $55 billion market cap Schwab is gobbling up the $22 billion TD Ameritrade at a slight premium. Matt Levine of Bloomberg has a great, cynical take on the question: Schwab lowering its trading commissions to zero is actually what wiped out $4 billion off TD's marketcap a few months ago. For Schwab, the revenue loss from trading was 7% of total, while for TD it was over 20%. Once Schwab dropped prices, TD started trading at a discount and became an acquisition target. You can see the share price drops reflected below in the beginning of October.
Maria Renz spent more than 20 years at Amazon and is now joining SoFi; Renz was most recently vice president...
The wealth management industry has gone through a host of changes in recent years and now fractional share trading has...
Fintech platform SoFi has struck a new exclusive partnership with card issuer Mastercard to be the sole issuer for SoFi...
I started writing about marketplace lending back in 2010, so I have spent almost the entire decade immersed in this...
The rumors that have been flowing for many months have been confirmed. Leading fintech company, SoFi, has acquired naming rights...