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Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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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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These Hot New ETFs Protect Your Downside…And…Someone’s Taking Out A Patent on Them
October 9, 2019

There’s a new category of ETFs out there known as Defined Outcome ETFs. Also known as Buffer ETFs, these funds are seeing a rush of inflows as investors try to…

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Could Crypto ETFs Finally Come In From The Cold?
October 9, 2019

The SEC will give a ‘yes-or-no’ ruling on its approval of the bitcoin-based exchange-traded fund (ETF) from Bitwise Investments by October 13. “We’re closer than we’ve ever been before to…

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#Fuelherfuture: Crowdfunding Platform Kiva Hits $1 Billion In Lending to Female Entrepreneurs
October 9, 2019

Crowdfunding loans platform Kiva celebrates the $1 billion mark in lending to women entrepreneurs with a tie-up with Pepsi. Kiva, the crowdfunding loans platform, created a new initiative, #FuelHerFuture with…

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World Federation of Exchanges Asks FCA to Reconsider Ban on Crypto-Derivatives
October 9, 2019

The World Federation of Exchanges (WFE) is an industry group for exchanges and central counterparties (CCPs). It has asked the UK’s Financial Conduct Authority (FCA) not to impose its crypto-derivatives…

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MUFG First in Japan to Issue Aussie Dollar-Denominated Green Bonds
October 9, 2019

MUFG’s green bonds amounting AU$500 million (US$337 million) were oversubscribed twice over. Australian institutional investors purchased most of the flotation. MUFG issued this latest tranche of its green bonds in…

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US Blacklists Chinese AI Organizations Including Leading Startups
October 8, 2019

The US government punished China for its “repression” of Muslim minorities by blacklisting Chinese AI organizations and security bureaus. In rather sensitive timing just ahead of high-level trade discussions in…

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Private Equity Firm Highview Capital Acquires Gold Star Foods, Plans Merger
October 8, 2019

Highview Capital announced it has acquired Gold Star Foods, a specialized food distributor to K-12 child nutrition programs. After the deal closes, Gold Star will merge with an existing Highview…

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Coinbase CEO Lambasts US Attitude to Facebook’s Libra
October 8, 2019

Coinbase CEO Brian Armstrong assailed the US’ approach to Facebook’s Libra cryptocurrency in the light of the threat from China’s stablecoin. “Now that China is looking into creating a stablecoin,…

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An ETF To Take Advantage Of “One Of The Largest Infrastructure Build-Outs In History”
October 8, 2019

According to Goldman Sachs, cities will be on the frontlines of climate adaptation. Urban adaptation will have to follow. The FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEArca: NFRA) is…

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Brookfield Business Partners to Sell Big Stake in North American Palladium
October 8, 2019

Brookfield Business Partners announced a plan to sell its 81% interest in North American Palladium. The real state giant is selling the Canadian mining company and only global pure-play palladium…

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