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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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Square Launches Share Investments on its Cash App (Even as little as $1)
October 25, 2019

Square’s Cash App, aimed at the young and the hip, will allow investing in share fractions. The Square Cash App is a mobile payments app that allows people to transfer…

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Dan Loeb’s Third Point Holds a $700 Million Stake in EssilorLuxottica
October 24, 2019

Third Point, the New York-based activist hedge fund run by Dan Loeb, has built up a $700 million stake in Ray-Ban maker EssilorLuxottica. It revealed this in its third-quarter investor…

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PwC Fintech Report Reveals Differences Between FS and TMT Firms
October 24, 2019

PwC has a new report titled: “Crossing the lines: How fintech is propelling FS and TMT firms out of their lanes.”

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A Blockchain P2P Lending System at Scale Could Render London Bankers Irrelevant
October 24, 2019

According to Business 5.0 expert John Straw, the blockchain could well disrupt the City of London. And put paid to the taxes that the City generates. An end to the…

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A.I. Algorithms Predict the Likelihood of Breast Cancer
October 24, 2019

Dr. Barzilay decided to use artificial intelligence to collect and analyze the available information on breast cancer. Harnessing artificial intelligence to treat breast cancer Dr Barzilay is a holder of…

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Broker Charles Schwab to Launch “Fractional Stock” Ownership
October 24, 2019

Everyday investors are often handicapped by the minimum tradable value of a single unit of an ETF or a stock. Consider this scenario: an investor is looking to invest $100…

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Price Cuts the Flavour of the Season: Vanguard Europe Slashes Fees on ETFs and Index Funds
October 24, 2019

Vanguard adds fuel to the fee cut fire in financial services by slashing fees across its ETFs and index-tracking funds. The passive investing giant cut its fees down to an…

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Private Equity Giant Blackstone Reports Third Quarter Earnings
October 24, 2019

Private Equity Giant Sees Big Jump in Fee-Related Earnings Private equity company Blackstone Group reported earnings for the third quarter of 2019. GAAP net income was $1.2 billion for the…

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Liquid Alternatives: Picton Mahoney Acquires Five Funds from Vertex One
October 23, 2019

Picton Mahoney Asset Management will acquire a clutch of alternative investment funds from Vancouver-based Vertex One Asset Management Inc. Picton Mahoney will henceforth function as the investment and portfolio manager…

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Revolut and Mastercard To Partner On US Debit Cards
October 23, 2019

Revolut, the digital challenger bank, and fintech unicorn have tied up with Mastercard for US debit cards. Mastercard will handle Revolut’s debit cards when they launch in the US sometime…

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