Image courtesy Westwick Partners The IPO window has been shut down for a while. The January crash put a padlock on that window. According to Renaissance Capital, 22 IPOs raised about $3.5 billion up to mid-May, which is down 63% by deal count from the same period last year. TheRead More
Post Tagged with: "Digital Wealth Management"
Lending Club is a public company and therefore, discloses more detailed information than the private lending marketplaces like Prosper. Looking into their annual reports, the three distinct channels of their matchmaking business (Borrowers matched with Lenders) and their growth can be found. To put things in perspective: Lending Club hasRead More
They were going fast, they were adapting new technologies, high growth rates, they were the first to go public. Of course, they weren’t wearing a helmet (not fashionable) and the crash happened on the lower slopes. In January we wrote in “Lending marketplaces grow up and get boring”: “Lending marketplaces haveRead More
You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return fromRead More
Izabella Kaminska at FTAlphaville, has done an excellent job of putting the current blockchain project-users cases in perspective. She emphasizes that there is too much versioning and regressing from fundamentals; essentially heading towards a different but centralized system. She also mentions that all this versioning is introducing lots of newRead More
Source There are 1700 APIs (rounded) shared on the Financial Category of the Programmable Web directory, plus 1200 in payments. Government has 1150, e-commerce 2500, and mobile 2450. Xignite launched last September the #FintechRevolution API ecosystem, which is a consortium of 21 companies supporting and connecting developers with best-of-breed financial APIs. The focusRead More
Aphrodite, a mobile cross-continental femme, shared publicly on the Daily Fintech platform her account integration concerns and her confusion in choosing from the multiple financial service providers that are competing to satisfy her needs. Unfortunately, the seasoned women in digital wealth management working on bridging the gender gap, Sallie Krawcheck andRead More
Aphrodite, a Femtech leader, has moved countries half a dozen times and maintains accounts (or trails of accounts) in each place she lived and worked at. Three different currencies and a mix of accounts, from checking, savings, to investment accounts; comprise her financial holdings. The accounts include some passive, “hosted”Read More
In the Pirates with Ties interview series, we are interviewing people who are leading digital transformation and innovation in major Financial Institutions. Christoffer O. Hernæs is a VP in strategy and innovation at SpareBank 1, the second largest financial institution in Norway.
April is underway and as I think of the digitization in wealth management for financial advisors, I see a confused and a low penetration segment. A March month end report in the FT titled “US financial advisers give robo-advisers a frosty reception” points to single digit adaptation rates of onlineRead More