It would be difficult to follow financial news and miss this week's saga of the GameStop trade and the role played by the Robinhood trading app. The narrative threads include comparisons to the Occupy Wall Street populist movement and of course a conspiracy theory involving hedge funds. Variations on that story may land the founder of the Citadel Securities, the market maker … [Read more...] about The App-Fueled GameStop Trade
FinTech Trends
Pandemic Precipitates Rising Trust in FinTechs
The pandemic has driven an unprecedented shift in payments towards digital options. And while that move has been driven in part by sheer necessity, as consumers discover the broad range of tools FinTechs, offer their expectations for legacy institutions will only increase going forward; going back to the old way of doing business is simply not an option. The biggest … [Read more...] about Pandemic Precipitates Rising Trust in FinTechs
5 Most-Read FinTech Rising Articles of 2020
Emerging technologies in finance and banking garnered the greatest attention in FinTech Rising, a newsletter published by Canright Communications. Financial professionals focused most on articles that covered practical application on new technology to financial market segments. 1. FinTech Platforms Emerge in Wealth Management. The most-read article originated from the last … [Read more...] about 5 Most-Read FinTech Rising Articles of 2020
Building Faster Payments: From Conception to Reality
Selling the concept of faster payments, in many of the myriad forms they can take, isn’t difficult. Most of the industry players agree it’s overdue: the U.S. hasn’t had a new payments structure in over 40 years. Needless to say, achieving it is a huge undertaking; not only in building the technology but also in getting large-scale adoption, as it requires buy-in from every … [Read more...] about Building Faster Payments: From Conception to Reality
Where Health and Wealth Converge: Building New Solutions For Consumer Well-Being
The global pandemic, through necessity, has continued to drive digital innovations throughout almost all industries. But some changes are more revolutionary than others, and in looking at health and wealth management, new datasets and new business models are changing the way advisors and providers look to help individuals and employers alike, providing optimized solutions for … [Read more...] about Where Health and Wealth Converge: Building New Solutions For Consumer Well-Being
What Lessons Can Europe Teach the U.S. about Open Banking?
In late October, the Consumer Finance Protection Bureau (CFPB) put out a call for comment on the Dodd-Frank Act Section 1033, looking for input to drive clarifying rulemaking on the act’s language calling for banks to make available consumer information on request from the consumer. In Europe, similar language was part of the PSD2, and led to a new standard in open banking – … [Read more...] about What Lessons Can Europe Teach the U.S. about Open Banking?