Everyone In The Fintech Pool...

I live fintech and financial services.

I write about it a lot. In 2018, after a phenomenal 2017, my big prediction was MORE fintech.

I waited a long time for non bank fintech to come into style, but think fintech has quickly accelerated into overheated mode.

For instance, my mom just pitched me a sentiment trading app for women over 75 that watch CNN all day in Canada. I quietly hung up mid pitch.

Goldman’s Sack recently launched a ‘Financed Reimagined’ ETF ($GFIN), which has 120 positions and not ONE is a bank. Here is the amazing breakdown you can review using Koyfin.

Fintech is a huge pool (sector) – payments, brokerage, banking, services, infrastructure, trading, financial products and now crypto.

While the froth seems to be rising in payments and services, Bitcoin and crypto are back from the living dead with surges of 30-70 percent the last week.

One thing I got wrong in the 2018 fintech post was the prediction for more acquisitions:

I am riding this financial services (fintech) trend for as long as she will have me, but it feels frothy to me. I hope by acknowledging it and worrying about it, I can push off a big correction.

In the meantime, enjoy it while it lasts.