Chinese retail investors thronging to join Futu Holdings’ online brokerage during the pandemic have sent the company’s stock soaring this year, and boosted the wealth of its founder Leaf Li by nearly 460%.
There is no better example of evolution than what we have seen in the financial world. From traditional in-person banking to internet banking which eventually moved from your desktop to the comforts of your palms through mobile banking. The strides that technology has taken have further changed the way we bank today introducing us to digital banking.
Fintech has been a major factor on the financial market for a while now, and it’s becoming quite hard to ignore its presence and wide sweeping effects. It doesn’t just exist in a vacuum though – there is a very real link between fintech and certain other sectors. One of the most notable examples is… Read more
As the world moves rapidly online, the distinction between B2B and B2C is becoming increasingly hazy. Today, consumers have more visibility and connection to businesses further up the value chain. And smart businesses are taking advantage of this direct relationship to become more relevant to a new audience. One business that is leveraging its B2B… Read more
A month ago, my investment banking group hosted Rosenblatt’s 12th annual FinTech summit, bringing together 400 investors and senior industry executives from the US, UK, Europe, India, Hong Kong, and Singapore. There were three panel discussions on cutting-edge FinTech topics with the CEOs of 15 leading FinTechs. Here are salient points discussed during each of… Read more
The COVID-19 crisis has highlighted how rapid business response and the ability to quickly pivot have differentiated winners and losers across retail, telecom, supply chain and financial services. Despite fast growth over the past decade, many financial services and fintech players may not survive the latest downturn because they’ve lost sight of a key business… Read more
For a trading firm, there are few bigger blunders than clients being unable to move money when markets hit historic highs. Yet that’s exactly what happened at start-up brokerage firm Robinhood earlier this year. The aftermath? A surge in new users, record trading activity and a new round of venture capital funding. Despite its missteps,… Read more
FinTech – The coronavirus pandemic disrupted supply chains and hampered economic growth. And in order to curb its impact on the economy, the government implemented a stay-at-home order. This has facilitated fintech firms as digital payments are taking precedence over cash purchases amid lockdown. Moreover, an emerging trend in financial services has been observed with… Read more
FinTech – On March 18, 2020, a couple of days after New York City public schools closed due to the coronavirus, Jasmine Freeman Jones had to resign from her crossing-guard job to take care of her children. Her rent on her Brooklyn apartment was overdue, and she worried about her kids’ education. Although the city… Read more
Finance professionals are focusing on innovation and adaptability in 2020, according to a survey. Fintech – Finance professionals are focusing on a number of trends this year, including product development, business model changes, systems, and staffing in an effort to add value to their organizations this year, according to a new study from BillingPlatform. “The… Read more
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