Party’s Over: A Maturing FinTech Industry Faces Its Reckoning
For years, investors and operators in the FinTech industry were branded by a singular rallying cry: a reckoning in financial services was coming, and the need to stake equity in user-centric apps, lowered transaction fees, and hashtag-friendly startup names was critical.
Collaboration Is The New Competition In FinTech
Nearly every industry had to pivot, in multiple ways, to adapt to the challenges brought on by 2020. FinTech has been one of the most impacted, with people working, shopping, and banking from home due to social distancing. Although partially sprung from Covid, the trends in online banking, lending, and digital and contactless payments will likely continue.
Understanding The Limits Of Fintech In Financial Inclusion
In consumer fintech, a lot of thought and emphasis goes into building solutions for financial inclusion (or financial literacy). This is the right problem for financial services to tackle. Even in markets like the US, where there is one bank branch for every 4,000 people, the availability of safe, healthy financial services is still radically skewed by socio-economic status.
PayPal Enters Installment Loan Business Targeting Fintechs Affirm And Afterpay
Point of sale financing—the modern layaway that lets you pay for a new TV or dress in four installments instead of putting it on your credit card—has been rising steeply in popularity over the past two years, and the pandemic is propelling it to new heights.
Beijing Wants to Treat Ant Like a Bank and Its Value Hangs in the Balance
The sudden halt to Ant Group Co.’s giant initial public offering left investors hanging, employees shellshocked and shareholders trying to come to grips with why China pulled the plug on the record-breaking deal when it was so close to the finish line.
The ‘Fintechization’ of Everything: The 7 Hottest Fintech Trends in 2021
We all know that 2020 has been a total paradigm shift year for the fintech world (not to mention the rest of the world). Our financial infrastructure of the globe has been pushed to its limits. As a result, fintech companies have either stepped up to the plate or hit the road for good.
HSBC Global AM and Pollination seek to create 'world's largest natural capital manager'
HSBC Global Asset Management and Pollination Group, a specialist climate change advisory and investment firm, today announced that they have entered into a joint venture to establish HSBC Pollination Climate Asset Management.
Here’s Why More Companies Are Filing Confidential IPO Paperwork
With Airbnb filing paperwork for an initial public offering last week, it became the latest of many companies to pursue a confidential IPO, which experts say allows for more flexibility and can be more advantageous than the traditional route of filing an S-1 months ahead of time.
7 New Fintech Newsletters You Should Be Reading
New fintech newsletters covering topics ranging from neobanks to BigTech to cryptocurrencies to super apps have emerged over the past year. There are newsletters out there doing a good job of reporting what’s going on in fintech. This list includes seven doing a great job of explaining what it means.
China announces major expansion of digital yuan trials
Beijing has announced it is launching a major expansion of trails to test a digital version of its yuan currency. China’s ministry of commerce said on Friday the new digital currency, known as DC/EP, or digital currency/electric payment, would be trialed in cities across the country’s most-developed regions.
Standard Chartered partners with Microsoft to become a 'cloud-first' bank
Standard Chartered has announced a three-year partnership with Microsoft in a bid to accelerate the emerging market-focused bank’s digital transformation through a cloud-first strategy.
Global ESG funds see highest inflows on record
Equity funds suffered a second consecutive month of outflows in July, while fixed income funds enjoyed another month of strong inflows, according to the latest Fund Flow Index from Calastone, the largest global funds network.
HSBC Singapore launches first AI-powered equity index structured note
HSBC Singapore has launched the AI Powered US Equity 5 Index (AiPEX5) and the bank’s first index-linked Structured Note to utilise artificial intelligence (AI) as a method for equity investing.
IPO mistakes, fintech results and the Zenefits ‘mafia’
One of the most interesting disconnects in the market today is how VC Twitter discusses successful IPOs and how the CEOs of those companies view their own public market debuts.
HSBC to set up offshore banking unit in India's GIFT fintech city
HSBC has been approved to set up an office in the Gujarat International Finance Tech (GIFT) City, one of India’s largest special economic zones (SEZs), it was announced yesterday.