This partnership opens doors for virtual communities across the globe to engage with global financial services providers and sports communities.
Only 98,192 account switches took place in Q2 2020, down 65 percent from Q1 when more than 280,000 switches took...
On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is...
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...
In this analysis, we explore an overarching framework for the M&A activity in the fintech, big tech, and crypto ecosystems. We discuss acquihiring, horizontal and vertical consolidation, as well as the differences between growth and value oriented acquisition rationales. The core insight, however, is about the arbitrage between the fintech and financial services capital markets, as evidenced by the recent transactions for Starling and Figure.
Financial crime fintech Quantexa raised a $64.7mn series C round from HSBC, ABN Amro Ventures, Evolution Equity Partners, Dawn Capital,...
As part of a multi-year, global agreement, HSBC will make AWS technology available across the bank’s lines of business, starting...
HSBC announced Apple Business Chat was added to their suite of customer service channels; companies and their customers can use...
I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?