whats-next

What’s next: December 5, 2017

Fintech developments, regulatory change, advisor and investor insights – these are the most important stories in the financial industry. And they’re unfolding now.

Economic/industry news

International Economic Data Snapshot – includes aggregated data of the worldwide economy: Snapshot: International Economic Data

Economy grows 0.4% quarter-over-quarter in Q3, while unemployment drops to 5.9%: Unemployment rate drops to 5.9% as economy grows

What to watch for in Canadian business next week: BoC rate decision, Canadian trade data and more earnings: The week ahead: Bank of Canada rate decision, Trudeau heads to China

U.S. consumer spending up by 0.3% in October. Incomes grew by 0.4%: U.S. consumer spending, incomes up in October

Fed Chair, Yellen, stated that the Fed will continue to gradually raise the federal funds rate, as the U.S. economy continues to gain strength: Chair Yellen says Fed on track to raise key interest rate

Horizons ETFs announces launch of Horizons Robotics and Automation Index ETF: New robotics and automation ETF introduced

Fiera Capital announced that its acquired management of City National Rochdale Emerging Markets Fund: Fiera acquires management of U.S. mutual fund

On the pulse – New frontiers in fintech

Regtech essentials: how it can ensure better quality and more cost-effective compliance: Regtech essentials

A look into the future: how fintech may transform the wealth industry: 2020 Outlook: how fintech transformed the wealth management industry

Increasing security, reducing processing times and offering game changing insights are some of the ways AI is transforming fintech: How AI is changing fintech

Three applications of blockchain that have gained businesses’ interests: Why businesses are so excited about blockchain technology

The OSC is seeking members for its fintech advisory committee: Ontario Securities Commission seeks applicants for fintech advisory committee

Benefits of blockchains transferrable to digital asset management: Turning the tables on traditional asset management through crypto

What Canadian financials are saying – Polls and surveys

Scotiabank predicts that the probability of a Canadian recession over the next year is very low (Scotiabank): Is Canada at risk of recession in 2018?

Women are financially savvy, but there’s a massive gap in confidence in their own financial knowledge (Equitable Bank): Poll reveals gap in financial confidence of women

Study shows that four out of five Ontario millennials are saving, but only one out of two are investing (Ontario Securities Commission): Missing Out: OSC research finds many millennials saving, but not investing 

News and notes (U.S.)

Vanguard announces launch of six new factor ETFs, along with a multifactor mutual fund: Vanguard rolls out actively managed factor ETFs

USCF has launched two new funds that make investing in private equity strategies available to investors of all budgets. The funds seek to track newly developed indexes that are based on the research of Harvard Business School Professor, Erik Stafford (USCF): USCF Announces the Launch of Two New Funds that are Designed to Track the SummerHaven Private Equity Strategy Indexes

Nearly two-thirds (64%) of advisors and institutional investors ranked expense ratio as “very important” when selecting ETFs, ahead of the 9 other factors evaluated for importance (Brown Brothers Harriman): Expense Ratio Ranks as Top ETF Selection Criteria for the First Time in 5th Annual Brown Brothers Harriman and ETF.com Survey 

U.S. banks are the most prepared to handle the potential disruption of AI, topping a list of 19 countries including the UK, Japan and Hong Kong (Intelenet Global Services): American Banks Lead the World in Preparation for AI Challenge

High-net worth topics

Tiger-21 founder discusses Member Favourites Survey Results – still bullish on tech stocks and the importance of proposed tax changes: Tiger 21 founder Michael Sonnenfeldt discussing 2017 member favorites survey on fox business

Wealthy individuals may be happy with their money now, but are worried what will happen when they retire: High net worth individuals are happy about their wealth now, but worried what will happen in retirement, new research shows

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