Bank Stocks and the Global Rise of FinTech (Financial Technology)

Reporter: Louis Carlozo

Publication: U.S. News & World Report


Deadline: Jun 8, 2017 7:00 pm

Lou Carlozo, an investment contributor to U.S. News & World Report, is working on an article about bank stocks and FinTech. FinTech is short for financial technology, and the stodgy world of banking has found that the FinTechs can do things they can’t, such as develop new technology and “disruptive” business models in the spirit of Uber. This article is bound to get excellent play given the timeliness of the topic. Please answer these questions *via email* by EOD Thursday, June 8. 1) Companies such as SoFi and Venmo are grabbing bank turf. What are they doing well that banks have failed to do thus far? 2) Are there examples of publicly-traded banks that have adapted financial technology well and are outclassing their peers because of it? 3) Are there good examples of financial technology companies teaming up with banks in original ways that help both? 4) How are phenomena such as artificial intelligence, data analytics and the Internet of Things forcing banks to change? What will the rewards be if they succeed? 5) Any things investors should pay attention regarding technology and bank stocks, up and coming FinTechs, or both? 6) Anything else to add? Please put *banks and technology* in the subject line, all caps, and include the title of the person commenting and where they are based. Thanks in advance for your help! This article is scheduled to run Tuesday, June 13. Lou Carlozo, a managing editor for the Bank Administration Institute, is a longtime U.S. News contributor based in Chicago.

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