Individual Investors

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Fintech is a portmanteau of the words finance and technology. A fintech is just a business that helps bring better technology to financial services. The ATM is a historical example; smartphone apps are a current example. In so doing, fintech makes banking, insurance, and wealth management cheaper and more efficient. But what are some fintech companies? The companies listed below are all found in the ETFS Fintech & Blockchain ETF (Exchange Code: FTEC). PayPal PayPal has been one of the biggest winners of online shopping. The company started out (with Elon Musk) helping consumers buy and sell on eBay but has since grown and now offers many products under sub-brands. These products include Venmo, which allows friends and family to transfer cash between each other, Honey, which is one of the largest coupon websites connecting businesses to consumers, and Braintree, who helps companies with their ecommerce setup. These diverse sub-brands enable PayPal to become something of a fintech super app. It now has more than 392 million users as of 31 March 2021, data from their quarterly reports indicates. ...
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Regulations on asset managers and financial advisers have increased in number and scope over the past 10 years. Much of which has been for the better. New Design and Distribution Obligations (DDO) came into effect on 5 October 2021 and will change how many types of financial products, including ETFs, can be sold. Under the regulations, ETF Securities is both a product issuer (a company that builds funds) and a distributor (a company that sells funds). We understand our obligations under the new regulations. Which include the below. What is DDO? Put simply, it tries to make sure that fund managers are creating funds that are “fit for purpose” and built with investors’ interests in mind. It also tries to ensure that companies selling or recommending funds – including financial advisers, stockbrokers and wrap platforms – are accurately presenting them to investors. DDO covers many types of financial products—not just funds. It also covers credit cards, insurance, superannuation, home loans—and more. It was brought into being thanks to both the 2014 Financial System Inquiry and the Hayne Royal Commission. Both found that some financial products had been badly built and sold. ...