Future of Investing

Finovate and the future of financial startups

close

Email a Friend

I wasn't at Finovate so I can't be accused of drinking the Kool Aid. But it seems to me that startups targeting the financial industry are not only interesting again, but downright exciting. As the winners were announced, I couldn't help but think that the long-anticipated changes people in the industry (and out) have been waiting for are a lot closer to being reality. Ultimately, this is about the future of investing, startups, and the $11,000,000,000,000 question. Couple of themes are emerging from the winner's circle...
  1. automation: Firms like BillGuard provide automated, value-added services.  I mention this eventuality in my book, Tradestream -- I think I call it "professional-grade automated service". oFlows does this on the professional side.
  2. data: We see it with SigFig (Wikinvest's new incarnation which didn't win) but also with Personal Capital's free tool set to help investors with portfolio analytics.
  3. personal finance: FamZoo's suite of services to help parents and children manage (and learn) about money complements LearnVest's platform of empowerment through financial tools and education.

0 comments on “Finovate and the future of financial startups”

Future of Investing

The effect of ‘money on the sidelines’ on fintech

  • As interest rates rise, money is increasingly finding its way towards safe, high yielding assets.
  • This is creating a challenge for fintechs predicated on selling or brokering riskier assets.
Zachary Miller | August 01, 2023
Future of Investing

With its core business slumping, Robinhood is eyeing credit cards

  • Last month Robinhood announced that it will be acquiring X1, a startup that offers income-based credit cards.
  • We dive into why Robinhood is expanding into credit cards and what X1 is bringing to the table.
Rabab Ahsan | July 28, 2023
Banking, Business of Fintech, Future of Investing

Closing the equity gap for underrepresented entrepreneurs: How Bank of America is driving diversity and inclusion in venture capital

  • Many small and new businesses are phasing out every year in the US. Although it can be argued that there are many reasons that may contribute to the failure of these businesses but inaccessibility to funding appears to be one of the root causes.
  • Bank of America is en route to creating a new narrative. To address these stumbling blocks and shine a light on diverse fintech founders, the Wall Street bank is devising an accelerator program called ‘Bank of America Breakthrough Lab’.
Sara Khairi | June 02, 2023
Future of Investing

Amid shifting market dynamics, how can wealth managers create value?

  • The wealth management market is going through a rough patch. Economic uncertainty and financial stress are having a negative impact on investor sentiment, shows a new EY global wealth research report.
  • As a result, clients have started to ask more questions and demand more proficiency. 
Sara Khairi | May 17, 2023
Future of Investing

Philosophical Switch: Wealthfront introduces stock investing and plans to build investing habits for the long run

  • Stock trading by small investors is on the up and up.
  • Just in time Wealthfront has launched the option to invest into individual stocks exemplifying a philosophical switch in its robo-advisor business model.
Rabab Ahsan | March 23, 2023
More Articles