fintech
A foray into fintech; a breakdown of the latest and greatest innovations in financial technology.
Amazon Could Become the Next Big Bank
After taking on industries like publishing and groceries, e-commerce giant Amazon has turned its sights on the financial industry. As Steve Cocheo, executive editor of the Financial Brand, wrote in 2018, Amazon is quickly becoming a formidable financial institution: “Nothing can stop Amazon. Not even banking regulators or geographic borders can slow them down. With patents, patience, a willingness to fail, a huge and devoted customer base, a universe of data, and gobs of money, Amazon represents a real threat to the traditional banking industry.”
By Aaron Schnoor5 years ago in Trader
My First Week As A Crypto Bro
Last week a little forum on Reddit known as //wallstreetbets screwed a hedge fund and countless others out of billions by banding together and inflating the price of Gamestop (GME). But you already know about that. It however also brought alternative coins (also called tokens) into the mainstream. Most notably Doge, a meme coin based on a Japanese Shiba Inu named Kabosu. The stock started rising a week and a half ago and had a huge pump (price jump) when Elon Musk, Tesla owner, Grimes’ baby daddy and twitter king started tweeting about it at 3am PST, causing a fun day of ups and downs for all holding it, myself included.
By Crypto Bro5 years ago in Trader
Hedge Funds, Reddit, and GameStop: is Fintech democratizing Finance?. Top Story - February 2021.
Quite a fascinating story that unfolded over the past weeks. A finance drama from films like The Big Short. David vs Goliath in the trading world with a “Rich against poor” vibe. An amazing saga to start 2021. Here is a quick recap if you have not followed. Which is particularly hard since everybody is talking about it. Also, why it actually matters for fintech. In a nutshell, a group on the social media platform Reddit is taking on hedge funds. It is called WallStreetBets, and it is not a couple of guys in their moms' basement. More like 6 million retail investors.
By Fintech Review5 years ago in Trader
Why banks cannot buy their way into innovation
Recent news that BBVA is shutting down neobank Simple, that it had acquired for $117 million a few years ago, is telling us one thing: banks cannot buy their way into innovation. It is a pity because at the time of the acquisition in 2014, Simple was a neobank at the forefront of the US fintech industry. As we have said before, partnerships between banks and fintechs can be a good idea. But that’s not the same thing as an acquisition though. The execution is slightly more complicated with the latter.
By Fintech Review5 years ago in Trader
A Beginner’s Guide to Day Trading Cryptocurrency
What is Day Trading? Day trading concludes on the same day. Profit or loss – no matter what’s in the store, but the report card comes on the same trading day. It’s similar to a 20-20 cricket match where you don’t have much time to think and plan. In fact, it demands prior planning and strategy making.
By Rahul Kohali5 years ago in Trader
What is Futures Trading in Crypto and How Does It Work?
The worth of the cryptocurrency market was USD 237.03 billion in 2019 which is up in value from 128.78 billion in 2018. The recent Bitcoin and ETH bull run pushed the market to an ATH of 1 trillion dollars at the time of writing as per Statista. Having said that, most people have taken the market fire as a FoMo moment. But lately, a new world is going abuzz, Futures trading at exchanges.
By vipin sahu5 years ago in Trader
Why Should I Invest in Cryptocurrency?
Cryptocurrency is viewed with more interest in the digital world now. Its value is soaring and many institutional investors are pumping in more money. Bitcoin was the first cryptocurrency to emerge back in 2009. Now, we have more than 4000 different cryptocurrencies supported by robust blockchain networks.
By Linda John5 years ago in Trader
Top 5 Trends for Fintech in 2021
It is this time of the year. No, not the Mariah Carey's "All I want For Christmas Is You" time of the year. The moment just after that, when the year starts and everybody is trying to make predictions. This time around, it will be the 2021 trends for fintech. It is actually quite fun to stare at your crystal ball and figure out what will happen. At least try to. And then look back and see if you have been completely wrong. Or not. Which is in all fairness a very healthy thing to do, no-one is always right or always wrong. You just try to make educated guesses, but you cannot predict the unpredictable. A year ago, the world was a very different place. You know, a pandemic happened in the meantime. Who had it in their predictions for the year in fintech? Absolutely no-one. Now, let's get down to business: what will be the top 5 trends for fintech in 2021?
By Fintech Review5 years ago in Trader
2020 Retrospective - Fintech Review
At the beginning of last year, everybody made a few predictions for what 2020 would mean for the fintech industry. Obviously, at that point in time, Covid-19 was only a problem in Wuhan, China. You could see it in the distance, and it appeared well under control. That slightly changed in the following months, and the first lockdowns a bit everywhere. And the second. And the third, so forth and so on. Here we are today. It has been undoubtedly a challenging year for many around the world. However, it was not all bad, particularly for Fintech. What about Fintech Review’s top 5 trends for fintech in 2020? Did any materialise or did we get it completely wrong? Let’s look back and have a brief retrospective.
By Fintech Review5 years ago in Trader
Private Banking Market: Can Neobanks Crack It?
Is the private banking and wealth management market up for disruption? When the fintech industry first emerged, startups attacked the low-hanging fruits with business and retail payments: the Stripe, GoCardless, etc. These companies are now huge behemoths because this particular fintech segment has quite matured. Fintechs then went after the retail customers, and a bit later the small & medium enterprises (SMEs), with neobank propositions and lending products. Your Monzo, Starling, Funding Circle, and others. What’s next? From a customer cohorts standpoint, trying to secure the large corporate banking relationships, which is tough and complex. Or the high-end of retail customers: the high net-worth (HNW). The tiny percentage of people at the top of the pyramid that have a lot of money. But can neobanks crack the private banking market?
By Fintech Review5 years ago in Trader
What Is StockTwits (and How Can I Get Started)?
As both a personal investor and in a professional capacity–first in the institutional world, and now as a business analyst at Creatd (Nasdaq: CRTD)–I am always on the lookout for new and enhanced tools to help me monitor what is happening in the markets, perform competitive analyses and have a means to network with investors and management teams. Many casual investors rely on traditional social media platforms to track the companies in their portfolios and find new investment opportunities, but the reality is that those platforms just don’t offer you the same edge that perhaps they once did.
By James Treanor5 years ago in Trader
