What open banking means for fintech product development
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With regulatory changes impending, what can fintechs do to build out their products in open banking-friendly ways?
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Fintech News Stories
How aging workforces will shape fintech ops
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What happens as the median age of fintech founders and employees increases? How will that shape fintech writ large—especially fintechs’ operations?
Read MoreSelling alt assets through education with Yieldstreet
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To Milind Mehere, Yieldstreet’s Founder and CEO, the company provides access to successful investment vehicles that are typically out of reach for everyday investors.
Read MoreThree patterns affecting fintech investment in 2022 with Drake Star
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In an interview with The Financial Revolutionist, Drake Star Partner Sam Levy outlined three major themes that defined fintech in 2022, and their effects on investor appetite and sentiment.
Read MoreA pitch for alternative investments with Alto
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Alto’s mission is to unlock access to alternatives for all. The purpose is to improve the lives of millions—hopefully tens of millions—of people by providing a path to financial self-sustainability and independence.
Read MoreBuilding infrastructure for private credit with Percent
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In an interview with The Financial Revolutionist, Nelson Chu describes Percent’s dual-pronged approach and outlines a promising future for private credit in a downturn.
Read MoreWill Robinhood’s web3 app lead to market consolidation?
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Trading platform Robinhood announced the release of a beta version of its web3 wallet. The wallet will be available to 10,000 test users before being released to the public in May.
Read MoreWhat an uptick in home rentals means for proptechs
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A growing proportion of homeowners are pulling their for-sale homes from the market to rent them instead. The number of delisted homes that never went under contract increased by 58% over the past year.
Read MoreInside the minds of growth investors
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Beyond SoftBank and its woes, many tech-focused growth investors have seen the value of their portfolios shrink significantly over the past year, raising questions about the soundness of their investment strategies. T Rowe Price’s Global Technology Equity Fund has fallen 45% over the past year; as has Tiger Management by 50%, and Ark Innovation by 55%.
Read MoreSoftBank eyes another Vision Fund
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Japan-based tech investor SoftBank is reportedly considering another multibillion-dollar startup fund. SoftBank reported a $23B loss in Q2 2022.
Read MoreGoldman’s not at peak performance. What does that mean for fintechs?
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Reporting by the Financial Times suggests Goldman Sachs is lagging behind its main competitor, Morgan Stanley. Shares in Goldman trade at 1.1 times book value, compared to 1.7 times for Morgan Stanley.
Read MoreChance of Celsius collapse increases as crypto winter persists
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A new court filing suggests Celsius Network, the cryptocurrency lender that declared bankruptcy in July, only has enough money to sustain itself until October. At current crypto prices, Celsius holds $2.8B less in cryptocurrency than it owes clients.
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Is Andreessen Horowitz becoming the next SoftBank?
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Venture-capital firm Andreessen Horowitz announced that it’s invested $350M in Flow, a rental-community startup. Flow is the latest venture by Adam Neumann, who previously founded and led WeWork.
Read MoreWhat Big Tech’s stock surge means for smaller fintechs
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Since the beginning of July, Apple, Microsoft, Alphabet, Amazon, and Tesla have added $1.3T to their combined market value. This has helped the Nasdaq Composite rise by 14.8% over that same time period.
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