Investment Banking News
May 31, 2017

First Associates Loan Servicing Achieves Industry's Highest Level of Security for Cardholder Data

First Associates Loan Servicing announced today that they received certification of Payment Card Industry (PCI) Data Security Standard 3.2 SAQ D compliance. This comes on top of two other recent big wins for the company; a Morningstar MOR RV1 ranking of 'stable' which is the highest certification to assess operational risk and overall excellence in loan servicing; and winning the LendIt 2017 Top Service Provider award.
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A $33 billion hedge fund has some advice to share as its industry faces notable headwinds. Elliott Management, an activist hedge fund founded by billionaire Paul Singer, laid out some of its major lessons in a private first-quarter letter to investors. A copy of the note was reviewed by Business Insider. "Some of these lessons needed to be actually experienced to be incorporated at a deep level in the decision-making of a team, whereas others could be gleaned secondhand," the hedge fund said.

Ronald Reagan once succinctly summarized the US government's view on regulation the following way: "If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Taking the UK as an example, financial technology is worth about 7 billion GBP and employs around 60,000 people - safe to say, the sector is on a roll. 

Deals to wealth tech startups hit a record of 30 investments in Q1'17 amid a number of new early-stage entrants globally. In particular, robo-advisors have been gaining prominence and taking on incumbents in nearly 20 countries around the world. Recognizing wealth tech companies as a viable threat, many incumbents in the banking industry have begun to partner with wealth tech companies and make investments in these startups.

The dominance of fintech tools and software is the latest change that is transforming how we manage money. These entrants not only provide easier access, but also reach out to a wider audience, thanks to the growth of the Internet and smart devices. The adoption of fintech is on a growth curve, with the global adoption rate estimated to double from a significant 15.5% adoption rate last year. Moreover, the US enjoys the status of being the second largest adopter of fintech at 16.5%.

June 12 - June 14
The Ritz Carlton
Dana Point, CA

June 22
Offices of Arnold Porter & Kaye Scholer
New York, NY 

September 17-19
Fontainebleau Hotel
Miami Beach, FL