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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…

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Santander Asset Management Launches New Hedge Fund: Santander Patrimonio Diversificado.
February 24, 2020

Santander Asset Management announced it has launched a new hedge fund called Santander Patrimonio Diversificado. Its portfolio will invest in fixed income, equities, and absolute return funds. It will also…

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Venture Capital: Jay-Z Co-founded Marcy Venture Partners Raises $85M
February 24, 2020

Shawn “Jay-Z” Carter, hip-hop’s first billionaire, co-founded venture capital firm Marcy Venture Partners along with Jay Brown and Larry Marcus. The firm raised $85 million for its first fund.

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Artificial Intelligence: Chemistry-combing AI Algo Discovers New Antibiotic
February 24, 2020

Halicin, the miracle antibiotic discovered by MIT’s AI algo, can kill the most antibiotic-resistant bacteria.

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FinTech: JPMorgan Plans Foray Into UK Digital Banking
February 24, 2020

JPMorgan Chase & Co (NYSE: JPM), the largest bank in the US and the sixth-largest bank in the world by total assets, is planning to throw its hat in the…

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Digital Assets: Easy Come, Easy Go; Drug Dealer Loses Keys to $56M Crypto Fortune
February 24, 2020

Clifton Collins, a former security guard, and beekeeper in Ireland struck the mother lode when he stumbled upon cannabis as a lucrative, though illegal trade. For almost 12 years Collins…

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Liquid Alternatives: Advisers Sitting on Trillions of Dollars of Potential ETF Investments – Report
February 24, 2020

A survey by ETF Trends and ETF Database titled “How Financial Advisors Buy ETFs” found that more than half (or about 63%) of advisors said that the percentage of ETFs…

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Community Banking: Gulf Capital Bank Announces Formation of De Novo Bank
February 24, 2020

Gulf Capital Bank just announced the formation of the first de novo bank in Houston, Texas in more than a decade. The formation of Gulf capital is also the largest…

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Fintech: Intuit Looks to Buy Credit Karma for About $7 Billion, Says WSJ
February 24, 2020

Intuit (NASDAQ: INTU) – the firm behind Turbo Tax and QuickBooks – is buying tech portal Credit Karma. The Wall Street Journal reported Sunday that the two companies could announce…

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Real Estate: National Association of Realtors Issues Report on Cannabis
February 21, 2020

The National Association of Realtors recently released a report outlining the impact of cannabis on commercial and residential real estate. As legalization spreads across the United States, the industry is…

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Pierre Andurand and His Hedge Fund Struggle in January
February 21, 2020

Pierre Andurand and his hedge fund had a tough start to the year. Andurand Capital Management shed 8% last month due to the slump in oil-and-gas commodities, according to a report…

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