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Ikea Goes After Walmart & Alibaba in Digital Banking Wars

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Here are three of the world's great retailers - selling affordable goods to the public the world over - and yet, retail sales alone is not enough for any of them. All three have now taken major moves into fintech and digital banking.

Top 5 VC Deals of the Week in the Digital Wealth Sector (2/17/21)

This past week, the real estate category (proptech) continued to see dollars flow iwht a $227M deal for Fraction Technologies out of Canada. This is a shared equity program, similar in scope to what Unison offers here in the US. And we think this is SUCH a smart offering, as many people may have sufficient cash flow but not enough capital for real estate down payments.
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FICO Survey Finds Shadow Banking Siphoning Bank Customers

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While the vast majority of US consumers (86 percent) are satisfied with their banks, they are increasingly open to working with new providers, including fintech companies and other non-bank providers, to address critical unmet financial needs.
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New Fintech Firm For Healthcare Payments Launches

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A new healthcare fintech startup has a solution: PayZen pays hospitals upfront for patient invoices and offers patients zero-interest, fee-free payment plans.
Press Release 1

BNY Mellon Launches New Digital Assets Division

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BNY Mellon today announced the formation of a new enterprise Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies.
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Nationwide Expands Insurtech VC Fund to $350M USD

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Nationwide is announcing it is expanding its venture capital investment fund to $350 million. The funding will be directed into high-growth potential insurance and financial services startups that directly advance Nationwide's strategy and enable even greater customer value

The Taylor Report (2/9/21)

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Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

Publisher Notes For 2/10/21

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This week we have a full roster of new content including posts on direct indexing, gamestopping, compliance risks, corporate treasury paradigm shifts - industry defining events that are occurring NOW and we're covering them all for you at Digital Wealth News!
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Gibraltar Stock Exchange Enters Into JV to Tackle US Market

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Document Security Systems, Inc. (NYSE American: DSS) ("DSS"), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, today announced it entered a joint venture ("JV") with Coinstreet Partners ("Coinstreet"), a global decentralized digital investment banking group and digital asset financial service firm, and GSX Group ("GSX"), a global digital exchange ecosystem for the issuance, trading, and settlement of tokenized securities, using its proprietary blockchain solution
Press Release 2

Prospect 33 Acquires 8of9 Regtech Consulting Firm

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Prospect 33 is delighted to acquire the consulting business of 8of9, a New York-based regulatory consulting and technology firm. Prospect 33 and 8of9 have had a strong strategic partnership since early 2019 and this acquisition increases our high-level domain expertise and bolsters Prospect 33's Risk & Regulatory advisory capabilities.