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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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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…

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KKR & Co Reports 23% Drop in Quarterly Profits
October 29, 2019

KKR & Co announced a 23% year-on-year decline in quarterly profits today. The firm’s report showed a dip in revenue as asset sales slow among private equity firms. Overall, post-tax…

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PwC Report Tackles Third-Quarter Deal Flow
October 29, 2019

A new PwC report is out with a look at third quarter 2019 deal flow. Technology deal volume fell by 46% when compared to the second quarter. Because the first…

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Allworth Financial Buys RAA and Expands U.S. Reach
October 29, 2019

Allworth Financial is purchasing RAA, one of the country’s largest financial planning firms specializing in the airline industry. Based in Dallas, RAA manages roughly $2.8 billion of client assets. This…

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Crestline Opportunity Fund III Europe Closes
October 29, 2019

Crestline Investors has announced the final closing of its first European Opportunity Fund. The credit-focused institutional alternative asset manager has called the fund the Crestline Opportunity Fund III Europe.

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Apollo Global Doubles Stake in Athene Holding
October 29, 2019

Apollo Global Management will buy an 18% stake in Athene Holding (NYSE: ATH). The $1.55 billion deal will see Apollo double its stake to roughly 35%. The purchase comprises about…

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Volatility and Returns: The New CIBC Income Pools Manage Both
October 29, 2019

CIBC Asset Management launches a suite of three Fixed Income Pools that provide access to advanced bond strategies. The new CIBC Fixed Income Pools access leading portfolio managers from around…

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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…

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Ken Fisher: No Layoffs Coming to Fisher Investments
October 28, 2019

Ken Fisher – the embattled money manager – has seen outflows of roughly $3 billion. The swell of outflows comes weeks after he made a series of remarks during an…

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Prologis and Liberty Property Trust Announce REIT Merger
October 28, 2019

Prologis and Liberty Property Trust announced a merger between the two firms. According to deal terms, Prologis will acquire Liberty $12.6 billion, including the assumption of debt. The board of…

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