It seems as if the news breaks monthly with the “biggest deal ever” in some aspect of fintech. That’s why it was only mildly shocking this week when word came out that bank technology giant FIS agreed to pay $35 billion for Worldpay in the largest digital payments M&A deal to date. The deal is part of an escalating arms race among the financial technology sector’s biggest players.
Read MoreAlthough most of the $8.5 billion in bets made during the NCAA Men’s Division 1 will be illegal, things are changing thanks to the Supreme Court’s decision last year to strike down the Professional and Amateur Sports Protection Act of 1992. The result? It is possible to bet on the games legally; however, there remain plenty of impediments and ambiguities in the way (depending on where you live).
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
