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Daily Tearsheet: A day in the life of the founder of FutureAdvisor, and Banking on the Planet Conference 2022 videos

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Daily Tearsheet: A day in the life of the founder of FutureAdvisor, and Banking on the Planet Conference 2022 videos

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‘The spirit of productivity can still hit me in the evening’: A day in the life of Jon Xu, founder of FutureAdvisor

Jon Xu is an investor, advisor, and startup starter. He founded robo-advisory startup FutureAdvisor back in 2010. In 2015, the company was acquired by BlackRock, where Xu acted as managing director until 2019.

Today, Xu serves on the board of directors at Wahed Invest, a halal robo-advisory platform that aims to expand investment access to more people globally. He also spends his time advising other early-stage startups.

Parenthood may have turned Xu into a morning person, but the old night owl in him can still sometimes resurface, keeping no two days the same.

We take a look at what a day in his life looks like.

Read more

Banking on the Planet Conference 2022: All session videos

The role the banking and finance sector plays in the fight against climate change is becoming increasingly important, with growing pressure from consumers who demand more transparency, accountability, and action.

Sustainability is becoming a priority for businesses of all kinds, including banking and fintech.

Tearsheet’s inaugural Banking on the Planet Conference brought together leaders from the banks set out to make a difference, and the fintechs and technology providers bringing us closer to a net zero future.

Watch all the session videos from the conference here.

Just look at the charts

1. Fintech profitability in emerging markets

Source: David Jimenez Maireles

2. Web3 dominates VC interest in blockchain industry in Q2 2022

SourceSanjeev Kumar

Today’s stories

MX names former PayPal exec as new CEO
MX has appointed Jim Magats as its new CEO. Magats previously spent 18 years as a senior exec at PayPal, where he specialized in open finance. The appointment is strategic for MX in positioning itself as a leader in the open finance space. (Finovate)

Jack Henry collaborates with Victor Technologies and MVB Bank to offer faster payments
Jack Henry announced that it’s working with Victor Technologies to advance its instant payments strategy. Victor helps banks manage fintech partnerships and compliance through its integrated risk-management software as well as APIs for fintechs to embed financial services. (PR Newswire)

Mastercard expands its Installments program
Mastercard has welcomed a raft of new global partners to its Mastercard Installments program, and is expanding it further to support small businesses in the US. (Finextra)

KeyBank partners with Quavo to automate credit card disputes
KeyBank is deploying Quavo’s QFD platform to streamline the fraud and disputes process, from claim intake and investigation through claim resolution and recovery. (PR Newswire)

Investors say they want fintech and advisors, not fintech “or” advisors
Fintech and financial advisors are not at odds in the eyes of investors but complement each other, according to a recent Envestnet survey. 76% of respondents working with a financial advisor said that fintech was key to their success. (Financial Advisor)

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