FinTech

Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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FinTech ETF Hits 52-Week High

The Global X FinTech Thematic ETF (FINX) has rallied more than 32% over the last 12 months. Shares have climbed from a 52-week low of $24.49 per share to $32.40 this week. The fund aims to replicate the performance of the Indxx Global FinTech Thematic Index.

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Now, Advisors and Qualified Clients Get Access to PIMCO Alternative Strategies
November 22, 2019

iCapital Network, which connects advisors and their high net worth investors to leading alternative investment managers, ties up with PIMCO. iCapital Network said it will develop a customized technology platform…

Brazilian Digital Bank Neon Raises $94 Million To Triple Its Customer Base
November 21, 2019

Neon, a Brazilian digital bank, has raised US$94 million from top investors. The challenger bank has ambitious plans in a high-growth market. It will use the funds to triple the…

Blurring Lines of Distinction Between Banks and Fintechs
November 19, 2019

Fintechs and techs are trying more and more to masquerade as banks. Should banks take the battle into the fintech camp? Here’s an interesting viewpoint: Incumbent and traditional banks are…

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay
November 19, 2019

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay. Nigerian fintech OPay is an arm of Opera, which is based in Norway and majority-owned by Chinese. Opera founded OPay…

Weekend Conversation: Neocova Co-Founder and CEO Sultan Meghji
November 16, 2019

Five years ago, Neocova Co-Founder and CEO Sultan Meghji worked on an aid mission in Africa to improve financial services in Africa and other emerging markets. The primary goal was…

Bonanza of New Accounts at Charles Schwab After Zero-Commission Trading
November 14, 2019

Brokerage Charles Schwab added a solid 31% more accounts in October compared to September. Charles Schwab’s move last month to introduce commission-free trading has paid off in spades. Previously, it…

Bank-branded Checking Accounts Soon from Google
November 14, 2019

Google is partnering with Citigroup and the Stanford Federal Credit Union to offer checking accounts by next year. Checking accounts. That all-important banking bastion may fall as cashed-up, data-heavy, and…

Facebook’s New Payment System to Roll Out This Week in the U.S.
November 13, 2019

Facebook announced Tuesday the launch of Facebook Pay, a new payment system. Facebook Pay will handle payments across the Facebook ecosystem, namely, Facebook, Messenger, Instagram, and WhatsApp. Payments via Facebook…

JP Morgan Invests in “Research Atomising” Startup Limeglass
November 13, 2019

JP Morgan invested an undisclosed amount in a startup that uses AI and NLP to simplify and focus research documents. Imagine you wanted to find all references to Netflix in…

Alipay’s Brute Power on Display on Singles Day
November 12, 2019

Alipay is the 800-pound gorilla in the global fintech room. It processed more than US$38 billion of payments in a single day. Alipay’s global fintech supremacy is without question. On…