Sumary of Minnow Equals an exciting (albeit risky) bet, says MR MONEY MAKER:
- It is one of the fashionable fintechs in which new technology is shaking up the dusty old world of banking.
- Innovation: Equals is one of the fashionable fintechs in which new technology is shaking up the dusty old world of bankingIn fact, Equals provided services to this fallen angel, but there is more to this story.
- And, most importantly, that includes real-time settlement accounts with the Bank of England, owing to its membership of the UK Faster Payments Scheme.
- After the Wirecard debacle, Equals accelerated the development of its own in-house multi-currency card platform.
- The fintech sector is an investment fashion parade, and some of these pretty frocks will end up no more than holey rags;
- There is, however, a US-based ETF – Invesco KBW Nasdaq Fintech UCITS ETF – which will give a you a broader exposure to the sector.
- Justin Urquhart Stewart co-founded fund manager 7IM and is chairman of investment platform Regionally.