Pleased Tuesday, Fellow Fintechers!
As we have been watching the Oscars on Sunday night, we contemplated why there isn’t a superb internationally televised awards ceremony for fintech adapters and builders. In spite of everything, doesn’t fintech truly contact extra lives all through the planet, and in additional significant methods, than the film business?
In the present day, now we have up to date fintech information from our wealthtech professional Vasyl Soloshchuk from Orion, Riskalyze, Constancy, GeoWealth and extra. We additionally discovered that iCapital, a tech platform for different property, had unprecedented 400% progress in property served in 2019. In her piece reporting the information, FA reporter Joyce Blay particulars the steps the agency took to attain that degree of progress in only one yr.
Blay additionally has one other piece for us at the moment taking a look at a large deal risk-management wealthtech Riskalyze simply penned with Iowa-based Farm Bureau Monetary Companies. Being born and raised on a farm, we love a very good article combining farms and fintech.
Late final week, digital asset thought chief Invoice Taylor posted a chunk for us on the rumored ICE (NYSE’s dad or mum agency) curiosity in buying eBay. Alas, the information modified simply hours after it was posted, noting that ICE’s board in the end nixed the deal, however we expect they confirmed their hand.
In his replace to the unique story posted on Thursday, Taylor seems to be at what this acquisition gone amiss could foretell of ICE’s future plans to maneuver into client retail markets. Bear in mind, ICE can be an investor in Bakkt, the bitcoin futures agency initially based by (now) Georgia senator Kelly Loeffler, with investments from Microsoft, Starbucks and extra. This story isn’t over but.
FA editor Chris Robbins has written a characteristic on how billionaire hedge fund supervisor Mike Novogratz got here to fall in love with cryptocurrencies, and apparently, it dates means again to the monetary disaster of ‘07/’08 – learn why.
We additionally check out a longshot plan from the SEC’s “crypto mother” Hester Pierce to permit companies to promote digital property with out dealing with stiff laws. Alas, it’s unlikely to get adopted, however we nonetheless really feel vindicated by having at the very least one voice of motive on the SEC advocating for the American crypto business.
And at last, we hear from Michael Kitces that extra advisors –starting from millennials to boomers— are adapting virtual-only advisory practices. Flexibility and price financial savings are only a few of the various causes advisors have gotten extra “digital.”
Numerous nice data for you at the moment – Learn up, of us, and be within the fintech (and wealthtech) know!