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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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Liquid Alternatives: Credit Suisse Back In The ETF Game; Launches Three Funds including ESG
February 13, 2020

Credit Suisse announced the addition of three new, “ultra-efficient” ETFs to its range of funds. These funds will supplement the existing Credit Suisse index Funds. Credit Suisse Asset Management had…

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Artificial Intelligence: Now A Bot Mimics Rapper Travis Scott; Creates Song and Melodies
February 13, 2020

Creative digital agency space150 tried out an interesting experiment to find out if AI could be taught to recreate music and a whole new song. They picked rapper Travis Scott…

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FinTech: N26’s Shock Announcement of its Departure From the U.K.
February 13, 2020

Challenger bank N26 asks UK customers to shut accounts by April 15. N26 has announced its departure from the UK on account of Brexit in a blog post. “With the…

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Alternative Investments: SoftBank’s Vision Fund 2 Loses Investors
February 13, 2020

SoftBank investors are refusing to take part in the Vision Fund 2 unless the Japanese conglomerate turns performance around. The first $100 billion fund has struggled with performance due to…

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Digital Assets: German Banks Line Up for Licenses to Offer Crypto-Custody Services
February 13, 2020

About 40 banks have applied to Germany’s Federal Financial Supervisory Authority, or BaFin, for licenses to operate custody services for digital assets. (Coingeek) Bafin last month released new guidelines that…

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FinTech: Australian Legislators Pass Law to Enhance ASIC’s Fintech Regulatory Sandbox
February 12, 2020

Australian Legislators Pass Law to Enhance ASIC’s Fintech Regulatory Sandbox. The amendments passed on Monday extend the scope and timeframe fintechs can spend on the existing ‘sandbox.’ The ‘Treasury Laws…

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Artificial Intelligence: White House To Significantly Hike Spending on AI and Quantum Sciences
February 12, 2020

The White House is committed to double R&D spending in nondefense artificial intelligence (AI) and quantum information science (QIS) by 2022. The Office of Science and Technology Policy (OSTP) on…

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Digital Assets: Former NYSE Institutional Broker Charged and Arrested for Alleged Crypto Fraud
February 12, 2020

Former NYSE Institutional Broker Michael Ackerman Charged and Arrested for Alleged Crypto Fraud. He and two of his vehicles, Q3 Holdings, LLC and Q3 I, LP, are charged with alleged…

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Venture Capital: Online Shopping Store Hollar May Down Shutters
February 12, 2020

Online Shopping Store Hollar May Down Shutters.VC investors may take a haircut on their investments in the online dollar store.

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Liquid Alternatives: New Fixed Income ETFs From BMO Now Trading in Toronto
February 12, 2020

New Fixed Income ETFs From BMO are Now Trading in Toronto. The three new ETFs include a first-of-its-kind one that is based on mortgage-backed securities. Two of these new fixed-income…

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