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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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Private Equity Merger: Aksia Buys Out TorreyCove Capital Partners
January 14, 2020

New York advisory Aksia will purchase private equity consultancy TorreyCove Capital Partners. The deal will see the two firms marry under the name Aksia. Aksia has specialized in private credit…

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Alternative Investments: Lazard Asset Management Launches High-Conviction Strategy Fund
January 14, 2020

Lazard Asset Management has made yet another splash in thematic investing. The firm has launched a new fund employing a high-conviction global equity strategy. The company announced the strategy behind…

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FinTech: Visa Snaps Up Fintech Network Plaid for $5.3 Billion
January 14, 2020

Visa Snaps Up Fintech Network Plaid for $5.3 Billion. Plaid allows people to connect their finances to apps. Fintech applications need to connect up with a user’s financial accounts to…

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Fintech: Goldman Sachs Launches Its Marcus App
January 14, 2020

Online bank Marcus from Goldman Sachs Group has finally come to mobile devices. The Wall Street financial giant launched its long-awaited app for customers last week. The lack of an…

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Hedge Fund Westbeck Capital Management: Time to Bet on Canadian Energy
January 14, 2020

Westbeck Capital Management is turning its attention to beaten-down Canadian energy companies. The energy hedge fund believes that these firms will have stronger cash flows in the year ahead compared…

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Hedge Fund Alden Global Capital Offers Buyouts to Tribune Publishing Employees
January 13, 2020

Tribune Publishing buyouts are coming. And it didn’t take long for newsroom jitters to become a reality. Just two months after Alden purchased a 32% stake in the publisher, it…

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Fintech: The Reserve Bank of Australia Sees Little Need for Libra Project
January 13, 2020

The Reserve Bank of Australia is the latest central bank to suggest that the Libra cryptocurrency project will not work. It also questioned the viability of central bank digital currencies…

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Hedge Funds: Bain to Raise Up To $7 Billion For New Long-Only, Public Equities Fund
January 13, 2020

Bain to Raise Up To $7 Billion For New Long-Only, Public Equities Fund. Alternatives investments specialist Bain Capital will be less ‘alternative’ soon after its proposed fundraise. The new fund…

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Hedge Fund Citadel Distances Itself from Ex-Employee over Illegal Trading
January 13, 2020

Hedge fund Citadel issued a statement last week that distanced itself from a former trader who profited from non-public information. Michael Mindlin worked for Citadel between June 2016 and June…

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Garry Kasparov on Artificial Intelligence: It Won’t Destroy Mankind
January 13, 2020

Garry Kasparov, the great chess grandmaster, said that AI won’t destroy, let alone replace, mankind. His comments came over the weekend in an interview with Gerry Baker of Fox Business.

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