Report: Investing and Asset Management Holds Greatest Potential for FinTech
A new report has found that over half of the respondents believe that segments investing and asset management, payments, and crowdfunding/lending have the greatest potential for the future of FinTech, but that revenue development lies in blockchain companies. The report, FinTechs in Europe – Challenger and Partner [PDF] conducted by Roland Berger, looked at 248 FinTech companies from 18 European countries. According to the report, 55 percent of those surveyed stated that investing and asset management hold the greatest potential for FinTech companies; 54 percent said it was payments; and....
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The chief investment officer of asset management firm Guggenheim, Scott Minerd, says that the current market has delivered “the greatest investing opportunity of a generation.” He also warned about some investments that he expects to decline further.
Guggenheim’s Scott Minerd on ‘the Greatest Investing Opportunity of a Generation’
The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, shared what he believes to be the best investment under the current market and economic conditions in a series of tweets Monday.
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Fintech, fintech, fintech. The portmanteau spanned headlines around the world this past week, as it has the past couple of years or so. Fintech Future Bright. Fintech refers to financial technology and applies to a segment of the technology startup scene working to affect change in mobile payments, money transfers, fundraising, loans, asset management and more. Attached to all of this is blockchain technology, itself a sweeping phenomenon as the largest financial institutions in the world, regulators and government onlookers see advancement, or recognize the potential for advancement, in....
A new report from PwC claims that 83 percent of financial services companies believe specific aspects of their businesses are at risk to various fintech startups, with the number of worried management-level professionals reaching 95 percent in the banking sector. The PwC report is based on a survey of 544 CEOs, heads of innovation, chief information officers, and top management personnel in financial services companies from 46 countries around the world. While traditional financial services companies believe fintech startups could take hold of 23 percent of their business, the fintech....
A number of asset managers have cautioned about investing in cryptocurrencies, including UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management. “We expect more stringent policy and regulatory controls ahead for crypto as it becomes more mainstream,” said UBS. Asset Managers Caution of Crypto Investing A number of asset managers have expressed caution on cryptocurrency after the recent price swings, including UBS Wealth Management, Pimco, T. Rowe Price, and Glenmede Investment Management, the Financial Times reported Monday. UBS Wealth Management....
Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing. Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers, or PwC.In its 4th Annual Global Crypto Hedge Fund Report 2022, PwC said roughly one-third of traditional hedge funds surveyed are already investing in digital assets such as Bitcoin (BTC). So-called “multi-strategy” hedge funds were most likely to....