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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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Why DoorDash Is Eyeing An IPO

PYMNTS

The notion that the company would be tapping the markets for capital begs the question: Why? Younger, tech-savvy consumers are embracing the digital route, as half of millennials order more delivery than they did two years ago. Against that backdrop, DoorDash handles roughly 35 percent of all meal deliveries in the U.S.,

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ADP On Prepaid Cards, Digital Wallets’ Role In The Future Of Payroll

PYMNTS

Meeting the demands for quicker, more frequent payments or on-demand funds access requires employer-adopted capabilities that rapidly assess and deduct taxes and other contributions to calculate take-home pay in real time. . Cash flow and working capital is much harder for small businesses,” said Reany.

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Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money

CB Insights

These companies differentiate themselves from traditional human advisors with lower fees, 24-hour automated support, portfolio rebalancing, and tax optimization, which can translate to higher returns for investors in the long run. 2019 represented a record year for asset and wealth management M&A deals. Source: Bloomberg.

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5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving

CB Insights

In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap. At its Investor Day in September 2019, Ant disclosed that financial services has overtaken payments and now makes up over 50% of its overall revenue. billion yuan).

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