Active Wealth Management Firms Target Next-Gen Investors Using Old Tech
#Wealth #management #firms around the world are focused on the next generation who will inherit wealth, but their #tech is more Boomer than Gen X.
Financial Technology
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PayPal to Gain 30 Million Active Accounts by Year-end
Payments platform #PayPal had $ 139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 #million net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $ 139 billion, 39% of the total payment volume, or $ 54 billion, was mobile. Just $ 14.2 billion […]
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JPMorgan Chase’s Active Mobile Users Increases at a Steady Pace
#JPMorgan Chase & Co. reported a double-digit percentage rise in #active digital #users and active #mobile users this quarter, according to the 2Q’18 earnings call today. The bank’s digital to mobile penetration rate, however, is not as impressive. For instance, take a look at the bank&8217;s active digital users, which at 47,952 this quarter showed […]
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Did Apple’s ‘Red Circle’ Tactic Lead to More Active Pay Users?
The number of consumers making use of #Apple’s mobile payment service is increasing, but are these #users really, well, using it? The company #more than doubled the users for its namesake payment service, Apple Pay, according to CEO Tim Cook on the company’s second quarter earnings call yesterday. This year-over-year increase is part of the […]
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Will Fintech Interest Swing Back to Active Investing? [PODCAST]
Two distinct streams have surfaced in #fintech: passive and #active investment. Betterment is the poster child for passive investment, recently booking $ 70 million in venture funding and has continued to enhance its services. But the active investment strategy for investors is far from dead in fintech. Pierce Crosby, head of business development at partnerships at […]
Bank Innovation
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