Asset managers are either optimistic (Coalition Greenwich) or complacent (Northern Trust) about the future of active funds. That’s a conclusion from a recent report, “The Evolving Asset Management Landscape: Only the Fittest Will Thrive,” which was published by Coalition Greenwich, on behalf of Northern Trust. The analyst firm’s level of…

The Federal Reserve recently launched FedNow, an instant payments network allowing businesses and consumers to send and receive payments in seconds versus days through their financial institutions. In time, funds will be available immediately for American consumers and businesses. On FedNow, your Friday paycheck could be available immediately instead of…

The Q2 2023 earnings season is almost upon us, and with macroeconomic headwinds remaining fairly strong in many markets, this will be a key quarter to get a sense of where the global payments industry is, and what priorities will dominate over the next few cycles. For many companies in…

When I first become involved in the payments industry, a wise mentor told me that that there were three fundamental problems to be fixed: payments were too slow, too expensive and too opaque. This month America got FedNow, the account-to-account instant payment infrastructure common in many other countries and the…

In today’s rapidly advancing technological landscape, the fear of job displacement due to artificial intelligence (AI) has become a prevalent concern. However, I firmly believe that AI is not here to replace people; rather, it is here to enhance their abilities and transform the way we work together. This is…

OBSERVATIONS FROM THE FINTECH SNARK TANK Hurray, instant payments are here! To much fanfare, the Federal Reserve launched its new payments system, FedNow, last week. The new rail gives—or promises to give—consumers and businesses “instant” access to payments and money moved between financial accounts. What goodies should we expect to…

Auto shoppers looking to finance their next vehicles have fewer choices of lenders since a slew of banks pulled out of what’s known as the indirect market—making car loans through dealerships other third parties. That, plus still sky high sticker prices, has created a bit of desperation for some consumers…

When it comes to fintech in South Asia, India has long dominated, whether in terms of overall investment, unicorns, or the broader ecosystem. While India will no doubt remain the biggest player in the region for the foreseeable future, its neighbors have an increasing number of market opportunities. Indeed, Pakistan…

The value of used vehicles can swing wildly depending on factors that include demand, supply and residual values and that fact has long been an issue for both large fleet owners and insurance companies, especially when values tank. But fintech startup Exponential Exchange has jumped into the market to help…

After a decade of study and development, the Federal Reserve today finally launched FedNow, a system that could eventually mean businesses and consumers have near instant access to payments (including paychecks) and money moved between financial accounts. Back in 2017, The Clearing House, a consortium of the nation’s largest banks,…