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 •  February 12

With investors straining to see what’s next in U.S. stock markets after three dark days that erased some $4 trillion in value globally — just after many new highs — Wharton finance professor Jeremy Siegel noted midday Tuesday that the recent losses are an overdue correction. Now markets appear fairly valued. “The market went up too far, too fast in January,” Siegel said of the strongest New Year...

Wharton

 •  February 12

New research from Wharton is changing the way investors are looking at the valuation of businesses by taking a closer look at the worth of those firms’ customers. Wharton marketing professor Peter Fader and Dan McCarthy, a professor at Emory University who earned his Ph.D. at Wharton, are behind this new method that has recently received a lot of...

Wharton

 •  February 1

The U.S. banking industry is in an upbeat mood as it looks ahead in 2018, following a year of policy and regulatory uncertainty under the Trump administration, including an announced changing of the guard at the Federal Reserve. Overall, the banking and finance sector performed well in 2017 — stocks have appreciated in the last 12 months — but the sector also suffered setbacks with reports of...

Wharton

 •  January 18

In recent years, financial technology, or fintech, has dramatically expanded financial inclusion in China and elsewhere in Asia. Small and midsized businesses that have been underserved by banks now have access to capital, as fintech enterprises use the internet and mobile technology to reach those borrowers; leverage data analytics to build credible and innovative risk profiles to gauge...

Wharton

 •  January 18

Wharton Dean Geoffrey Garrett sees a big split in how blockchain-based digital cryptocurrencies like bitcoin are viewed on Wall Street versus in Silicon Valley. On the East Coast, the idea of a cryptocurrency replacing a fiat currency is still met with skepticism. But in the Valley, they seem “all in.” In this opinion piece he offers his views on this corner of fintech. I spent the first week of...

Wharton

 •  January 16

Cross River Bank is a new breed of financial institution — a state-chartered bank with the mindset of a fintech startup. Born during the financial crisis, it is innovating through its banking-as-a-platform service that lets other companies offer banking products to their customers. In a wide-ranging interview, Gilles Gade, founder, president and CEO of Cross River Bank, discussed the...

Wharton

 •  January 14

The raft of new banking regulations following the financial crisis closed off many avenues to overly risky or illicit activities in order to create more transparency. But they also had the unintended consequence of shrinking financing options for some deserving regions, business sectors, individuals and non-profit groups, write Steve Hopkins, general counsel and COO of cryptocurrency and...

Wharton

 •  January 4

Technology is disrupting the banking industry in several ways. For instance, customers today interact with their banks via mobile devices more often than they visit a bank branch. Jay Sidhu, chairman and CEO of Customers Bank and BankMobile, believes that within five years mobile banking will become the norm. It was this conviction that inspired...

Wharton

 •  October 20, 2017

The innovations of the U.S. tech sector are justly acclaimed, but China is racing ahead in the rapidly developing fintech sector, with India poised to follow, writes Wharton Dean Geoffrey Garrett in this opinion piece. (This article also appeared on LinkedIn.) When it comes to the tech sector, all the action — certainly all the innovation — is in America, right? Amazon’s retail transformation has...

Wharton

 •  October 17, 2017

After $3.5 billion in business loans spread across 100,000 customers, online lender Kabbage is showing one successful path for the fintech industry. In this Knowledge@Wharton interview, Spencer Robinson, head of strategy for the company, explains what Kabbage has discovered that allows it to approve loans in minutes, versus what he says can often be a multi-week slog with traditional banks....