Fintech

Tourmaline Partners, a trading solution for hedge funds and asset managers, formally announced it received a majority investment from Copley Equity Partners. The development comes alongside Tourmaline’s existing technology and human capital initiatives which provide clients access to...

At the end of April 2020, Apex Clearing, a full-suite of custody, clearing, and API solutions, formally released its Q1 2020 Apex Millennial 100 report, an analysis of the top stocks owned by millennial investors. The report comes alongside a historic liquidation in financial markets and the COVID-...

Fintech company Dama Financial has received approval from the Los Angeles Office of Finance to offer cannabis businesses a way to pay city taxes and licensing fees with cash. Previously, the option of cash payments had been suspended due to coronavirus. The All-Cash Problem Before the COVID-19...

Mastercard Inc. (NYSE: MA) is reassessing its real estate needs and letting employees work from home until the COVID-19 pandemic is brought under control. What Happened The world’s second-largest payment processor is allowing employees to work from home until the pandemic is under control,...

On May 19, the Small Exchange announced the launch of a new futures exchange after receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) and successfully completing Options Clearing Corporation (OCC) tests. The launch marks a new beginning for the industry, as more market...

On May 19, trading technology and brokerage service Interactive Brokers Group, Inc. (NASDAQ: IBKR) formally announced the launch of its new Mutual Fund Marketplace, a solution where global investors and traders can access more than 25,000 mutual funds. The development comes alongside other product...

Recent news about fintech startups shutting down have once again raised questions about the long-term sustainability of the fintech business model. Although it is interesting to see how fintech companies disrupt existing industry structure and democratize access to financial services through...

The following is a contributed article from a content partner of Benzinga Amid all the uncertainty and controversy caused by the ongoing COVID-19 crisis, one thing seems to be universally accepted: the economy is struggling. And, although less certain, it’s likely to get a lot worse in the...

Sony Corp (NYSE: SNE) is turning its arm Sony Financial Holdings Inc. (OTC: SYFHF) into a wholly-owned unit. What Happened In an attempt to strengthen its fintech presence, the Japanese conglomerate will take full control of its financial arm, Sony Financial Holdings, through a tender offer worth $...

Alongside the COVID-19 coronavirus, financial markets experienced a historic liquidation, with demand across many non-correlated assets plummeting. The resulting economic fallout and market inefficiencies leveled the playing field, turning the attention to newer, more nimble, technology-focused...

Despite the stock market’s rebound from the coronavirus-fueled sell-off since late March amid hopes that the U.S. economy may reopen soon, some analysts say the speed and timing of the economic recovery will remain uncertain. Interestingly, many investing apps popular with...