Fintech Focus For September 23, 2021

Quote To Start The Day: “We expect the S&P 500 to reach 4,700 by the end of 2021 and to surpass 5,000 next year.”

Source: Marko Kolanovic

One Big Thing In Fintech: You’ve got some money you want to invest. Where should you put it?

Increasingly the answer is to use robo-advisers, which use algorithms to invest for you based on your age, goals and risk tolerance. Some 3.5 million adult Americans will use a robo-adviser this year, according to eMarketer, which projects that will increase to five million in 2025.

Source: MarketWatch

Other Key Fintech Developments:

• How Voyager unlocked opportunity.
• InvestX Capital adding investment.
• Coinbase hones crypto regulations.
• ConsenSys exec launches a fund.
• TradeStation expands crypto offer.
• Invesco, Galaxy Digital teaming up.
• Sunday adds $100M for checkouts.
• ML and AI are transforming finance.
• Wiserfunding scores an investment.
• Rose Technology adds $5.5M seed.
• Tag valued at $100M after a raise.
• Zolve launches immigrant neobank.
• GS and Coinbase back crypto fund.
• I2c outlines key growth opportunity.
• Dapper Labs raises $250M funding.
• Wells, Mastercard invested into Bilt.
• Cyndx added new product, Owner.
• Plastiq added to leadership, board.
• Payments sector is continually hot.
• Britannia launches prime brokerage.
• JPM adopts cloud system for retail.
• Spenmo closes on $34M Series A.
• Douugh plans OTC Markets listing.
• Mastercard rolls out Strive Initiative.
• CoinFund appoints David Pakman.
• Amex, Extend teamed up on cards.
• EmiSwap has integrated with Movr.

Watch Out For This: Banks no longer have the option to make steady incremental updates over time, as the pandemic continues to exacerbate the situation and to force all institutions to act quickly to keep up with the new pace of expectations for the financial industry today.

Source: FinLedger

Interesting Reads:

• Crypto equated to pre-crisis swaps.
• Tim Cook is really stoked about AI.
• Modest shift in spending amid virus.
• Looking to future of sportscastings.
• Considerations when buying home.
• Evergrande: tip of the debt iceberg.

Market Moving Headline: “Risks are well-flagged and priced in, with stock multiples back at post-pandemic lows for many reopening/recovery exposures; we look for Cyclicals to resume leadership as delta inflects. We expect the S&P 500 to reach 4,700 by the end of 2021 and to surpass 5,000 next year.”

Source: Marko Kolanovic