Last week, the equity market started to shiver and a big hedge fund announced that it’s closing. Still, the financial innovation world remains constructive. Here’s the (mostly positive) excitement of the past week: Goldman’s latest move into “massage”, Populism, decentralized prediction markets and Ray Dalio, Correlations in an era of shrinking equity supply, China’s life insurance market keeps surging, a terminator for start-ups, Company of Note: TellusLabs, Spark: Career lessons from David Rockefeller
The Fed hiked and a blizzard hit NYC. Stormy weather? Sure, but things still look sunny for financial innovators. On our lounge chair this week: The fintechization of SXSW, MiFID II mania has taken hold of some US fund managers, The financial services industry could use a dose of John Legere, Synthetic identity fraud, Google’s new payments feature, Fintech’s real-time functionality edge, Uber’s threat to the sharing economy, Company of Note: ClearGraph.
Vault 7 hit and SNAP swooned. Did the Ides of March come early in ‘17? Fortunately, a brave girl faced down a bull this week on Wall Street. Here’s what else inspired us: The 206th anniversary of a highly symbolic event, The FR’s exclusive conversation with SoFi’s Nino Fanlo, The war for quant talent, counterintelligence pros headed to banks, Mike Pence’s finserve guy, homeowners insurance, MPL’s rope-a-dope, Company of Note: WorkingGroupLink
Snap’s IPO priced and its performance rose without hesitation. But other memorable things happened this week in the world of financial innovation: The FR’s exclusive conversations with SoFi’s top brass, AI, the 80-20 rule and who gets paid in banking, A new ethereum alliance, Buffett and auto insurance, An eye on Third Point, ramifying investing, Company of Note: Trizic, Spark: Our favorite octogenarian business person (it isn’t Buffett)
KPMG’s new fintech report and a tale of animal spirits, will Amazon actually buy a bank, Bill Gates doesn’t really want to tax robot productivity, China fintech in perspective, Numeral, Wells Fargo lessons for Uber, why tech alone can’t defeat fraud, Company of Note: Abaris, Spark: cyber-hygiene
How can we be sure of what we’re seeing? That question was central to China’s great philosopher-skeptic Chuang Tzu. Although he lived more than 17 centuries ago, the question remains relevant today within financial innovation. Here’s what we examine this week: Should the sell-side embrace private company research? - The rise of “investainment,” - AI for credit scoring - Swift, the stock marketization of everything - Bond Street - Company of Note: Bloom - Spark: Chade-Meng Tan.
As we head into Valentine’s Day, we hope your week is filled with financial innovation sweets. Here are the ones we picked out of the box: The FR’s exclusive conversation with Betterment’s Jon Stein, Union Square Ventures’ noteworthy new deal, a scary new bank virus, a great regtech visual, BofA’s automated branches, a blockchain milestone in Georgia (the country), a fintech IPO inspiration, Company of Note: T-REX, and Spark: Workplace wisdom courtesy of cats.
This Sunday, tickets to the oddly named Super Bowl LI have reached a high of $22,000 on StubHub. If your budgetary philosophy won’t countenance that kind of outlay, please rest assured that The FR is still free — so there’s that. Here’s what’s on our gridiron this week: Automation and humans continue their intricate dance, Trump plays terminator to Dodd-Frank and the DOL fiduciary rule, whether some blockchain believers beginning to doubt, SoFi’s acquisition, Snap’s IPO, Twitter signals, Sequoia’s new leader, Company of Note: Slated, and more.
Happy Data Privacy Day! Here’s what’s in our container this week: AirBnb’s fintech-travel future, Fifth Third and QED cut a notable deal, Two Sigma’s random forest, an FA Kodak Moment, Wells Fargo & regtech, Peak Millennial, Cadre and Company of Note: Prattle.
It’s a new, spicy day in America. Here’s what’s on our plate: Financial innovators need to keep close watch over DC’s happenings, the rise of “quantimental” investing, why the WEF needs to disrupt itself, predictive analytics, Fabric’s ‘hello world,’ Christa Steele, top financial apps, Company of Note: BanQu, and Spark: Overfitting your career.