China's alternative lending space has recently been plagued with uncertainty, corruption, and overcrowding. This has investors and startups looking to other areas in Asia, especially those with large unbanked populations.
Among bulge bracket banks, JPMorgan is making a bigger push into payments technology as digital banking becomes a strategic priority.
Stifled by legacy infrastructure and bureaucratic processes, firms are turning to regtech solutions that leverage software & automation to close compliance gaps and address other regulatory challenges.
With Affirm recently becoming the latest lending upstart to reach unicorn status, we mapped out what the fintech sector looks like 10 years after its earliest startup formation.
Incumbents must digitize their backend operations and loan origination process to cut costs and compete against new entrants.
The micro-investing app has grown an of army of 2.2M accounts. But making money off these first-time, lower-income investors won't be easy. To do so, Acorns is building out higher-tier investment services and moving into the highly saturated $40T retirement planning market.