Access to liquidity is vital for small businesses, which cannot draw on their own financial resources to resolve mismatches in cash flows' timing. However, the liquidity risk does not disappear; it just moves to another party. The fintechs and factoring companies offering immediate payment take that risk. Just as in the financial crisis, the haircuts on the collateral backing their own borrowing will be small right until they need liquidity, when they'll see ballooning haircuts. Expect to see losses when the sources of their capital call in their debts.
Europeans are skittish about robo-advisors
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Will AI Make Financial Services Marketing Obsolete?
With the rate Artificial Intelligence is advancing, it's probable there will be no need for marketing in Financial Services within the next two decades. Let's unpack that potentiality together, shall we? In order to get there, we need to start here, with futurist Maurice Conti and his February 2017 TEDTalk on The Incredible Inventions of Intuitive AI.
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