April 2021
14Apr

Competing on customization: Fintech’s future in retirement planning

For decades, Americans thought about retirement planning in terms of a three-legged stool: Social Security, an employment-based pension and personal savings. However, all three legs of this stool are folding under the pressure of change. Social Security is forecast to run out of funds by 2035, company pensions (as well as full-time employment itself) are in decline, and millions are facing a squeeze on savings. People planning for their retirement are looking for fresh advice to help guarantee long-term financial...

April 14, 2021
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March 2021
31Mar

New Zealand. How KiwiSaver could be used to supercharge innovation

KiwiSaver has grown tremendously since it launched in 2007, but it is pretty vanilla. Most investments are lazily thrown into listed stocks and bonds – the scheme is designed that way. We could be using some of this money to invest in such alternatives as startups, scaling successful businesses to go international, and infrastructure that we need, as is done routinely internationally. KiwiSaver is big enough and old enough to ask how we can unleash the power of capital towards the...

March 31, 2021
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30Mar

Panorama de las fintech Principales desafíos y oportunidades para el Uruguay

Por Martín Lavalleja  Las empresas que proveen productos y servicios financieros innovadores, mediante la utilización de tecnología han tenido un crecimiento exponencial en el mercado financiero mundial en los últimos años. Estas empresas reducen los costos y simplifican los procedimientos, mejorando la eficiencia de los servicios financieros, lo que favorece la inclusión financiera y el acceso al crédito para las pequeñas y medianas empresas. América Latina no se ha quedado al margen de esta evolución, produciéndose un marcado crecimiento en los...

March 30, 2021
Innovación, Libros, ,
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30Mar

PensionBee targets £55m capital raise as IPO plans confirmed

PensionBee is aiming to raise £55m through issuing new shares, as the pension provider has confirmed its intention to list on the London Stock Exchange. The group, which first made its intentions public on March 23, today (March 30) published its registration document for an IPO on the LSE. Read also UK women have up to 45% less in pension at retirement than men The £1.5bn AUA company is applying for admission in the high growth segment of the main market on...

March 30, 2021
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08Mar

ClearGlass Analytics: UK fintech that aims to disrupt pensions world picks up £2.6M

ClearGlass Analytics, a digital intermediary between asset managers and pension funds, has closed a £2.6 million funding. Who backed ClearGlass? The funding round was backed by VC Lakestar and Outward VC, and several significant angels from both the asset management and pension fund worlds. These include Ruston Smith, a well-known professional pension trustee, Richard Butcher, Chair of the PLSA (UK pension trade body), Chris Wilcox, former Global Head of JP Morgan Asset Management, and his former JP Morgan colleagues Rob O’Rahilly, Sikander...

March 8, 2021
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February 2021
25Feb

Germany. Vantik and Mastercard simplify saving for retirement with new debit card

Financial security in retirement is one of the most urgent issues in Germany and Europe. In order to offer people a simple access to savings for retirement, the Berlin-based Fintech Vantik announces a partnership with Mastercard and the banking-as-a-service-platform Vodeno. The heart of the cooperation is the combination of a free debit Mastercard with long-term savings: users of the Vantikcard receive 1% cashback on every purchase, which are automatically invested into a sustainable pension fund. Saving for retirement is thus...

February 25, 2021
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23Feb

Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says

Bitcoin is an “economic side show” and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the bank said that despite bitcoin’s monster rally, the cryptocurrency is still beset by a number of issues that may prevent it from becoming a mainstream asset. “Bitcoin prices have continued their meteoric rise with Tesla, BNY Mellon and Mastercard’s announcements of greater acceptance of cryptocurrencies,” JPMorgan said in a research note last week. “But fintech innovation and increased demand...

February 23, 2021
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19Feb

Fintech Raisin to support UK-based investment and pension providers, Aviva

Raisin, Open Banking solutions provider, has teamed up with UK-based savings and retirement firm Aviva with over 33.4 million customers worldwide. The fintech leveraged its Raisin Savings as a Service technology to launch Aviva Save, allowing the pension and investments specialist to enter the cash savings market in the UK. The new Aviva Save platform offers Aviva customers – with 15 million customers in the UK – a selection of fixed-term savings accounts. Aviva savers can pick and mix savings offers...

February 19, 2021
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12Feb

The Future of Fintech: Integrating Finance and Technology in Financial Services

By Bernardo Nicoletti This book provides an introduction to the state of the art in financial technology (FinTech) and the current applications of FinTech in digital banking. It is a comprehensive guide to the various technologies, products, processes, and business models integral to the FinTech environment. Covering key definitions and characteristics, models and best practice, as well as presenting relevant case studies related to FinTech and e-Business, this book helps build a theoretical framework for future discussion. Get the book here

February 12, 2021
Books, Innovation,
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12Feb

Millennials’ Adoption of Personal Financial Management (PFM) Technology and Financial Behavior

By Brian Walsh, HanNa Lim This paper uses the Technology Acceptance Model to analyze the factors associated with personal financial management technology (PFM) adoption among millennials and extends the analysis to understand how PFM adoption is associated with financial behavior. Data from the 2018 National Financial Capability Study was used for this analysis. Evidence suggests that millennials engaging in digital side hustles, such as Uber or Lyft, are significantly more likely to adopt PFM technology. Individuals experiencing higher financial pressure...

February 12, 2021
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