FINX News and Press, Global X FinTech ETF From 08/24/22

Summary When it comes to the possibility of a recession, some U.S. bank executives are saying the quiet part out loud. Not only would the largest lenders survive even a savage economic downturn, but they may emerge stronger from it. What’s clear is that a few years from...

Digital payment and banking solutions, as well as personal finance tools, are revolutionizing how we transact and manage our finances, while solutions geared toward the financial sector are drastically enhancing how financial institutions operate. Amid remote business operations and s...

Student loan forbearance period will likely be extended. However, since SoFi has already diversified away from the student loan business, the impact will not hinder SoFi's near-term growth. SoFi is ready to capitalize on an eventual resumption of student loan payments through its ...

ARKF typically selects 35-55 global Fintech stocks with the potential to change the way the Financials sector works. The actively-managed ETF has a 0.75% expense ratio and $936 million in net assets and may be attractive given it's down 50% YTD. ARKF is twice as volatile as the br...

Institutional investors sold nearly 3.66% of Upstart's total shares outstanding in the last 13F cycle. Although institutions were more or less neutral on the industry, they were particularly bearish on Upstart Holdings. Risk-averse investors may want to avoid the stock for the tim...

The supply-related constraints which have troubled global electronics producers since early last year were compounded as demand conditions in key industries deteriorated in July. Although we've seen evidence that the supply crunch for electronic and electrical items has receded from i...

We expect the digital transformation to bring financial services, including mobile payments, online banking, and alternative lending platforms to previously unbanked and underserved populations. The pandemic put Fintech’s adoption into overdrive, with digital payments moving in...

Block continues on its growth path. Bitcoin is weighing heavily. Small businesses may feel the pinch of a recession if things worsen. Block operating expenses really need to be watched, they are skyrocketing. It hurts to watch long-term investors get crushed, but time shou...

Rocket Companies ( NYSE: RKT ) stock jumped 5.4% in late Thursday morning trading after its mortgage arm, Rocket Mortgage, entered a partnership to offer its digital home loan application process to banks and credit unions on Q2 Holdings' ( NYSE: QTWO ) lending pla...

Upstart lowers investors' expectations, yet again. Upstart has now seen its stock fully washed out. Indeed, very few investors considering Upstart stock afresh are likely to want to get involved with Upstart, particularly as its guidance points to negative revenue growth rates. He...