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wealth management

FintechNews RoundupUSA
·Apr. 16, 2019

Goldman Sachs Looking at Wealth Management for the Mass Affluent

Goldman Sachs continues to be one of the most active companies in all of finance when it comes to new...
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FintechNews RoundupOnline Lending
·Mar. 28, 2017

HCG Raises $5.4mn for Fintech Fund

Raleigh-based HCG has raised $5.4 million from 12 investors for a fintech fund; firm specializes in digital finance investments and has previously invested in online lenders including Lending Club; firm is led by Chief Executive Officer Hadi Habal and Chief Investment Officer Jose Penabad.  Source

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FintechNews Roundup
·Apr. 25, 2017

How Asset Allocators Think about Fintech

Understanding how asset allocators view the space is something a lot of online lenders and fintech companies want to grasp; the panel at LendIt USA 2017 with asset allocators discussed their thoughts on fintech generally and the alternative yield market; traditional fixed income has become less attractive and so more investors are looking at where they can get greater yield for their investment; there is a thought that normalization of interest rate policy globally will ultimately resolve itself in an unpleasant way; alternative yield is a new asset class so selling to the big institutions has been a challenge; it really comes down to finding the right group within the institution and selling it as the right type of asset; knowing your market appetite is also key, such as in Europe where their are negative yields and public markets have been overbought by central banks; vigilance of recent lessons learned and beginning to fully understand this new asset class are two key takeaways as asset allocators begin taking a closer look toward this market. Source

 

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FintechNews Roundup
·Apr. 5, 2017

IBM Cloud for Financial Services Launches Financial Modeling Investment App Tools

IBM announced the launch of financial modeling investment app tools with cognitive programming for developers; the development is part of the firm's new IBM Cloud for Financial Services unit; with the announcement, IBM appears to be taking a lead role in supporting investment app development and is also integrating Watson and other cognitive programming.  Source

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FintechNews RoundupUSA
·Aug. 14, 2017

Income& Selected as Participant in Plug and Play Fintech Accelerator

San Francisco real estate investment platform Income& has been selected as one of 24 startups to participate in the sixth Plug and Play Fintech Accelerator; the Plug and Play Fintech Accelerator is a 12-week accelerator program that provides for access to Plug and Play's extensive network of leading banks and financial institutions; the Plug and Play Fintech accelerator will support the development of Income&'s Prime-Rated Individual Mortgage-Backed Obligation (PRIMO™) product which is broadening fixed income investment alternatives by providing a product that allows investors to invest in portions of secured mortgage loans. Source

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FintechNews RoundupUSA
·Apr. 12, 2017

Hardeep Walia on Motif’s Impact Portfolios

For the past seven years Motif has offered investors a platform for building portfolios around customized themes personalized to their investment interests and objectives; to extend the platform's offerings and provide investors with a chance to express their personal values through investing, the firm now offers Motif Impact portfolios; the firm's CEO Hardeep Walia provides details on the platform's new investment initiative and explains how the firm's offerings have evolved with economic and social movements in the US. Source

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Fintech
·Jul. 24, 2020

How Ant Group was Built into a Fintech Powerhouse

The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued...
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FintechNews Roundup
·Aug. 30, 2017

Human Elements to Robo Advice

Robo advice platforms have commoditized personal investing providing greater automation at lower price points; however AltFi reports that despite increasing innovation in the market, investors are still demanding a human element; specifically, investors are favoring hybrid advice with a survey from Accenture showing two-thirds of high income investors wanting the combined services of robots and humans; mid-scale wealth managers are well positioned to meet this demand and firms such as Charles Schwab and Betterment have already incorporated hybrid services to support customers. Source

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News RoundupOnline LendingReal EstateUSA
·Mar. 6, 2017

Income& a Finalist for LendIt’s Emerging Real Estate Platform Award

Income& has developed a new real estate investment product, the Prime-Rated Individual Mortgage-Backed Obligation (PRIMO) and is one of LendIt's finalists for the 2017 Emerging Real Estate Platform award; the product allows investors to invest in secured mortgage loans and targets yields of 6% or more; it is open for investment to accredited investors and investment advisers and the firm also has plans to offer the product to all investors.  Source

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EuropeNews RoundupOnline Lending
·Feb. 14, 2017

Increased Delinquencies and Currency Hedges Hurting Portfolio Performance for P2PGI

P2P Global Investments' shares fell 20.7% on the London Stock Exchange in 2016; the fund's portfolio manager Simon Champ provides some insight on the fund's performance; the underlying assets reported a lower than expected 4.1% return due to increased delinquencies from loans at the midpoint of their duration; hedging costs have also been a factor with approximately 60% of US loans in the portfolio; as the investable market expands the fund is likely to increase its investment in European loans to help diversify away from currency risks.  Source

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