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.

Top Story

Fintech: M&A In the Fintech Space Will Heat Up

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech M&A as a result. There was already a trend towards digital platforms in the financial services industry. Now it’s just accelerating. Even those who prefer a hands-on face-to-face meeting on financial matters are turning to online platforms. They have to do so. Many banks are only offering drive-through services. This means more complex transactions are moving online. Why Fintech M&A Will Heat Up The shift to increased digital use in financial services will also accelerate the fight between incumbent banks, brokerages, and insurance companies to capture market share in a new digital marketplace. Underfunded startups will struggle. They lack the ability to spend billions of dollars a year like their larger financial counterparts. The smaller firms will also need to find funding sources to survive until economic activity begins to normalize. Fintech companies also have to be very careful about execution risk right now. Consider Robinhood, the online brokerage firm. Their system failed as markets became disrupted by the spread of the coronavirus virus in the United States. The future…

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

https://dailyalts.com/wp-content/uploads/2019/11/Neocova-Team.jpg
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…

https://dailyalts.com/wp-content/uploads/2019/11/button-1908837_1280-schwab-accounts.png
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…

https://dailyalts.com/wp-content/uploads/2019/11/calculator-3242872_1920-google-checking.jpg
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…

https://dailyalts.com/wp-content/uploads/2019/11/facebook-1460598_1920-FB-pay.png
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…

https://dailyalts.com/wp-content/uploads/2019/11/technology-3762541_1920-jpm-limeglass.png
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…

https://dailyalts.com/wp-content/uploads/2019/11/sumoringer-3196755_1920-alipay.png
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…

https://dailyalts.com/wp-content/uploads/2019/11/apple-card-from-apple-website.jpg
Does the Apple Card Like Women Less, or is it ‘black-box’ A.I.? DFS Investigating…
November 11, 2019

New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits. Apple co-founder Steve Wozniak has accused the Apple Card of…

https://dailyalts.com/wp-content/uploads/2019/11/bank-4541449_1920-santander.jpg
Banking Giant Banco Santander Snaps Up Control of Fintech Ebury To Focus on the Small Guys
November 7, 2019

Traditional bank Santander paid £350 million for 50.1% of payments fintech Ebury. Banco Santander’s focus on small businesses as new clientele led it to buy a controlling interest in Ebury….

https://dailyalts.com/wp-content/uploads/2019/10/singapore-2064905_1920-bottomline-digital-banking.jpg
Corporates and Banks Rejoice: Bottomline Launches Real Time Payments
October 30, 2019

Fintech firm Bottomline Technologies enhances its Digital Banking product with the addition of a Real-Time Payments module. Real-time payments are essential these days to a bank’s competitiveness, particularly in the…

https://dailyalts.com/wp-content/uploads/2019/10/ecommerce-3563183_1920-visa-marqeta.jpg
Fintechs Across The Asia Pacific Can Go Global Using The Visa-Marqeta Alliance
October 28, 2019

Visa and Marqeta have partnered to offer fintechs in Australia, Hong Kong, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam a new way to themselves internationally accepted. Fintechs…

Scroll to Top