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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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More Defections from the Libra Cryptocurrency Project
October 14, 2019

The Libra cryptocurrency project has lost another major partner on Monday over regulatory scrutiny around the stablecoin. Today, Booking Holdings – the company behind Priceline, Kayak, and Booking.com – dropped…

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Two Private Equity Firms Buy Management Services Arm of AECOM
October 14, 2019

Private equity firms Lindsay Goldberg and American Securities are buying assets from construction giant AECOM. The target company issued a report this morning saying it agreed to a deal worth…

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EY Report Talks Dealmaking in the Year Ahead
October 14, 2019

The latest EY report on M&A activity for the year ahead reveals interesting technology trends. EY is a leader in assurance, tax, transaction, and advisory services. The company finds that business…

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Cerberus Buys Closure Systems International from Reynolds Group
October 14, 2019

Cerberus Capital Management announced that one of its affiliates has entered into a definitive agreement to buy assets from Reynolds Group. The private equity giant will acquire the North American,…

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Climate Change Protests in London: Activists Glue Themselves to BlackRock’s Doors
October 14, 2019

Climate change activists took on the world’s biggest financial institutions today, specifically BlackRock and the Bank of England, in London. They demanded the cessation of funding of a looming environmental…

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Libra Association Dealt A One-Two-Punch: Defections, And Now, The G7
October 14, 2019

Last week, eBay, Visa, Mastercard, and Stripe followed PayPal out of the Libra Association; now, the G7 warns against digital currencies. Last week, fears of regulatory uncertainty (and repercussions) probably…

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Nubank, the Brazilian Fintech, Hits a Purple Patch
October 14, 2019

Brazilian fintech startup Nubank has added three million users since August this year. Speaking at the Brazil Investment Forum in Sao Paulo, Nubank founder and CEO David Vélez said the…

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Temasek Will Sit Out the Saudi Aramco IPO on Environmental Concerns
October 12, 2019

Singapore’s Temasek Holdings will not invest in Saudi Aramco’s mega-IPO, sources said, according to Bloomberg. Temasek, which focuses on sustainability and environmental, social and governance principles, will, therefore, be unable…

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Finmason Clocks Analysis Of 10 Million Portfolios
October 11, 2019

U.S. based fintech FinMason is the world’s largest independent investment analytics engine for financial services platforms. FinMason announced this week that it had analyzed over 10 million portfolios for clients….

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VALT, the ETF for Liquid Fixed Income Returns
October 11, 2019

The Ultra Short ETF has been launched by ETF Managers Group, along with SIT Fixed Income Advisors. It is listed on the NYSE Arca with ticker name VALT. VALT is…

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