The development and maturation of fintech continues to accelerate, but it was a particularly eventful week in the universe of fintech-related ETFs and funds.
This past week, America "won" with four of the five top VC deals in the fintech sector. Furthermore, all four of those deals surpassed $100M, while the 5th deal - and Indian digital lending startup - scored $75M for their new venture.
The 10th Annual Smarsh Risk & Compliance Survey, which encompasses 450,000 professionals supporting more than $1.3 trillion in assets under management, emphasizes that the widespread and rapid shift to remote work models in response to the pandemic is unlikely to be fully reversed, with many wealth management firms likely to embrace large populations of remote employees going forward.
If Robinhood’s “Payment for Order Flow Revenue Model” is responsible for anything, it is for driving innovation and helping bring industry-wide brokerage commissions down to zero so that retail investors can trade commission free.
Luma Financial Technologies (“Luma”), an independent, multi-issuer structured products and annuities platform, announced today that they have selected Insurance Technologies, LLC, provider of FireLight®, a multi-carrier end-to-end insurance and retirement sales platform, as its latest partner to bring their annuities solution, “Luma Annuities,” to market.
Varo Bank announces extensive engagement with Russell Westbrook, nine time NBA All-Star, NBA MVP, entrepreneur, philanthropist, and designer
Bumped—the fintech company on a mission to create an ownership economy through fractional stock rewards—released data from their two-year pilot study showing that when Target customers become a shareholder in the brand, they increase their monthly spend 41%.
Half of financial services firms worldwide plan to increase their spending over the next two years on next-generation technologies
Public is a stock trading firm that aims to be the "anti-Robinhood" of public markets, has a more social focus and does not sell its investor's order flow.
With the ongoing surge of self-directed online trading expected to further fuel market volatility, wealth management firms and technology entrepreneurs alike are seeking asset management solutions that can supersede or sidestep human emotions and bias to create better outcomes.