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?
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Fintech News Stories
A green challenge: Marketing climate-oriented fintech products
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Climate-focused fintechs have seen investment and interest in their products scale significantly over the past ten years. This subsector raised more than $1.2B in 2021—and, despite medium-term headwinds, will no doubt continue to grow.
Read MoreGetting debt in order with Debbie
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Rachel Lauren, Debbie’s Co-Founder and COO, framed debt as a headwind that’s growing in strength, and a potentially paralyzing one at that. Many people who have accumulated debt don’t know where to begin when it comes to changing their financial conditions.
Read MoreWill Fidelity’s Bitcoin 401(k) plans gain traction?
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Fidelity Investments announced that it’s launching employer-sponsored 401(k) plans that invest in Bitcoin. Fidelity administers retirement plans for approximately 23,000 businesses and manages over $11T in assets.
Read MoreWith interest rates on the rise, some fintechs offer smoke and mirrors
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Over the past twelve months, the average interest rate for a savings account has risen from .06% to .1%. Fintechs like Save and Fair are offering “alternative” savings accounts with supposed annual yields around 4%.
Read MoreInflation may worsen the financial gender gap
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According to a report by Financial Health Network, men are 50% more likely to be financially healthy than their women counterparts. Women trail behind men on all measures, including spending, savings, borrowing, and planning.
Read MoreHedge funds anticipate a recession
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US-based hedge funds are making more conservative bets on stock prices than they have in a decade. Funds like Bridgewater and BlackRock have increasingly taken short positions on billions of dollars in assets.
Read MoreMillennials report low confidence in retirement plans
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Research by Alto Solutions, Inc., a self-directed IRA provider, claims 53% of millennial investors aren’t confident they will ever be able to afford retirement. And 76% worry that a market crash could erase their savings.
Read MoreOutsourcing the front office with Northern Trust
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In an interview with The Financial Revolutionist, Gary Paulin, Head of Global Strategic Solutions at Northern Trust, argues that the future of the front office rhymes with the cloud-computing landscape. He envisions an ecosystem of partnerships built around a client’s value chains, which, he asserts, would offer all firms the opportunity to compete with the fund manager giants.
Read MoreIs State Street about to acquire Credit Suisse?
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After a third straight quarter of losses at Credit Suisse as well as an upcoming round of layoffs, the Swiss blog Inside Paradeplatz has reported that State Street may make a bid for Credit Suisse at 9 francs per share.
Read MoreSEC slated to overhaul stock market rules
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SEC Chair Gary Gensler is expected to outline new rules to make the stock market more efficient for small investors and public companies.
Read MoreIs FTX gearing up for a Robinhood takeover?
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The cryptocurrency exchange announced that select users in the U.S. have access to commission-free trading for hundreds of exchange-listed securities, including both stocks and ETFs.
Read MoreAlly moves into human advisory services
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Ally Financial announced the launch of a new wealth management offering, which provides access to human advisors, rather than robo advisors, for clients with more than $100,000 in investable assets.
Read MorePreparing for a business exit with James Jack (UBS)
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In an interview with The Financial Revolutionist, James Jack, Head of the Business Owners Client Segment at UBS, suggests ways fintechs can learn from the experiences and strengths of banks like UBS.
Read MoreWhat’s next for Robinhood?
/On Tuesday, Robinhood CEO Vlad Tenev announced that the online brokerage would lay off 9% of its 3,800-person full-time workforce. Shares dipped by more than 5% after news of the layoffs broke.
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