Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2...
VeChain, Viseo and Microsoft have launched a blockchain proof of concept project for the French car maker Renault; the idea is that blockchain can be used to keep record of how a car is maintained and that information from various car service providers can build a trustworthy growth history of a car; auto giants like Mercedes-Benz, Toyota and Porsche have tried blockchain projects before as well. Source (Chinese)
In an op-ed in American Banker the CEO and Founder of Promontory Financial Group, Eugene Ludwig, talks about the growing...
Affirm's earnings were fantastic. This continued the trend of publicly traded fintech companies breaking records for revenue and profitability.
According to the Financial Times 2018 Global Alumni Survey graduates explained they thought finance was taught the best but fintech was near the bottom of the 18 subjects; one of the main reasons for the bad scoring is that fintech is not offered at many schools; Schools are trying to grapple with how to cover the term fintech as it could mean many different things; Schools that do teach courses on fintech see that students want to learn about it and hopeful to see it offered more. Source.
Affirm produced a solid earnings report with 48% revenue growth and the company now has more than 17 million active customers
Wealthfront, a robo advisor, has launched Path, a new offering to aid in retirement planning; by connecting financial accounts, Path will analyze past behavior to ensure users are on the right track for retirement savings while also taking into consideration social security, inflation and investment returns; users can also modify settings such as savings to project changes to their financial situation; Path also helps users prioritize contributions and allocations to both Wealthfront and non-Wealthfront accounts taking into consideration tax advantaged accounts. Source
Level is a challenger bank which just launched in February 2020; the bank offers a deposit account through their app...
Nomad is expanding its operations and increasing the possibilities for capital allocation to global assets.
The auto lender’s acquisition of Fair Square Financial would diversify its consumer product lineup. The pandemic derailed its last effort to buy a card company.