The “ARK Fintech Innovation ETF” recently began trading on the New York Stock Exchange Arca under the ticker “ARKF.”
Digital banks are transforming financial services in the Latin American market, leveraging smartphone technology to reach the unbanked.
Ant Financial has quietly acquired London-based remittance services firm WorldFirst for reportedly $700 million.
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With this funding, the digital bank plans to “aggressively expand” into other areas of financial services like lending and credit.
Amid unprecedented consumer discomfort and an unstable social atmosphere, financial services must be ready to pivot.
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Retail giants are adding more financial services to their core business. Fintech apps and neobanks are already on board. Can traditional banks catch up?
More funding can help. So can staying overly optimistic.