Money Powering Financial Services’ Digital Shift

To see where the great digital shift that is transforming financial services is headed…

….follow the money.

In an interview with Paul Purcell, partner at Continental Advisors, four panelists — investors and analysts all — weighed in on the current investment climate … and whether that climate is getting overheated.  The discussion was part of the ongoing B2B Payments 2021 PYMNTS TV series.

The panel included: Doug Bergeron, managing partner at Hudson Executive Capital; Ian Drysdale, executive in residence at Great Hill Partners; Amit Jhawar, venture partner at Accel and Rick Roberts, analyst and portfolio manager at Vulcan Capital.

The panelists noted that there is heavy interest, even amid the pandemic, in investing in financial services platforms across all manner of verticals.  And though valuations may be stretched, fundamentals are indeed sound.

The Big Picture 

The panelists agreed that there is no lack

Read More

On The Money: McConnell says he would give Trump-backed coronavirus deal a Senate vote | Pelosi, Mnuchin see progress, but no breakthrough | Trump, House lawyers return to court in fight over financial records

Happy Tuesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here:

Write us with tips, suggestions and news:, and Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.

THE BIG DEAL—McConnell says he would give Trump-backed coronavirus deal a vote in Senate: Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellSenate GOP eyes Oct. 26 for confirming Barrett to Supreme Court GOP noncommittal about vote on potential Trump-Pelosi coronavirus deal Overnight Health Care: Trump takes criticism of Fauci to a new level | GOP Health Committee chairman defends Fauci | Birx confronted Pence about Atlas MORE (R-Ky.) said on

Read More

New Jersey Dems are full speed ahead on financial transaction tax

Good Wednesday morning!

Threats of moving by stock exchanges be damned, Democrats are showing they’re still serious about pushing the financial transaction tax on electronic stock trades.

The Assembly Financial Institutions and Insurance Committee has a hearing on the bill — but no vote — scheduled for Monday.

Senate Democrats have so far racked up a $30,000 bill with a Washington law firm that has expertise in the field. And they’re on the cusp of refining the bill, which as currently written would set a quarter-cent tax on trades. The changes, I’m told, would reduce that to a tenth of a cent and make the bill expire after a period of time, probably two years. Read more about it here.

The exchanges have threatened to move operations to other states, notably Illinois and Texas. Democrats don’t seem perturbed by the warning. That may be because there aren’t that

Read More

Half of Texans are facing financial hardship due to coronavirus pandemic, survey says

Half of Texans experienced some kind of financial hardship because of the ongoing coronavirus pandemic, a new survey finds.

The survey conducted by the Episcopal Health Foundation highlights how the pandemic affects people across the state from different household incomes, race, whether or not they have health insurance and other factors. Nearly 1,900 Texans were surveyed.

“From being uninsured to not having internet access for online school, Texans say these non-medical factors are not only shaping how they’re dealing with the pandemic, they also could be seriously affecting their future health in many different ways,” said Elena Marks, CEO of Episcopal Health Foundation.

Of the 50% of people who experienced financial hardship, roughly 22% of Texas residents, say they are facing “severe hardship,” the survey said, and about 28% of people are facing “moderate hardship.”

Those with less than $50,000 in household income were more likely to experience financial distress

Read More

7 Biggest Myths About Saving Money, Debunked By Financial Experts

By now we all know it — despite what your Boomer uncle may post on Facebook, your occasional avocado toast habit isn’t what’s standing between you and a down payment on a house. But there are so many small and large money myths — invest money in Starbucks every day instead of drinking a Starbucks every day; education expenses will always pay off — that we live with, even when it’s to the detriment of our financial literacy and our wallet.

But knowing how to save your money and evaluate your finances is a skill, just like any other. “There are two things we are never taught, in a formal school setting, growing up. These are relationships and money,” Natalie Chaves, lead planner and Certified Financial Planner (CFP) at Facet Wealth, a financial planning firm, tells Bustle. “Instead, we learn about them from our friends, family, and community.”

Luckily, it’s

Read More

Insurance and Annuity Financial Representative job with Prudential Financial

About the position

We are looking for a dynamic insurance and annuities sales professional to join our LINK Financial Representative team to deliver needs based guidance to our clients with passion for helping customers achieve their protection and income needs goals. The selected candidate will be a member of a team of Broker/Dealer Representatives that connects with clients via an online platform, phone or video. Product offerings include but not limited to sale of insurance and annuity solutions through our Broker/Dealer framework.

The successful candidate will be committed to helping others succeed and is passionate about delivering an outstanding client experience. You will be joining a newly formed fast-paced, results-oriented team that is technology enabled, with the stability that comes from one of the largest financial firms in the U.S. You will work hard, learn quickly, contribute to product design and enhancement, and feel a great sense of satisfaction.


Read More

Your Guide to Financial Technology

There are few growth trends more exciting and more potentially transformative than financial technology, or fintech for short. In this article we’ll discuss what financial technology is, how it is applied, and where we see fintech going in the future, and we’ll tell you about some of the fintech stocks you should put on your radar. 

What is fintech?

Fintech, short for financial technology, describes technologies that are being leveraged to make financial processes easier, more efficient, and more profitable. Fintech companies develop a variety of software platforms, apps, hardware solutions, and more to achieve these goals. 

In the rest of this article, we’ll take a closer look at the real-world applications of financial technology, why fintech is so important to the financial industry, the future potential of fintech, and some excellent publicly traded fintech companies you might want to put on your radar. 

Fintech uses

Modern fintech applications range

Read More

CNO Financial Group Launches to Provide Health Insurance to Consumers Nationwide

The MarketWatch News Department was not involved in the creation of this content.

CARMEL, Ind., Oct. 1, 2020 /PRNewswire via COMTEX/ —
CARMEL, Ind., Oct. 1, 2020 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) launched today a new online health insurance marketplace,, initially focused on helping Medicare beneficiaries learn about and enroll in Medicare Advantage and Prescription Drug plans.

With the goal of providing consumers with a convenient way to compare, buy or switch plans, offers the ease of online enrollment with the personal assistance and one-on-one consultation of a local insurance agent.

“An important feature of is that consumers can be helped by a licensed agent in their community who is familiar with local provider networks and can bring that knowledge into the decision process, in addition to being able to quickly connect with a tele-sales agent who can answer immediate questions,” says CNO Consumer

Read More

Survey from CollegeFinance and Quatromoney Finds More Than 75% of Students Did NOT Appeal for More Financial Aid for 2020 Fall Semester

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Those Who Did Appeal Awarded $3,497 More on Average

MARBLEHEAD, Mass.–(BUSINESS WIRE)–, a site to help students and college-paying parents learn how to best pay for college, and Quatromoney, a platform that helps parents and students make smart, personalized financing choices to pay for college for all four years, today released the findings from a survey ( on financial aid for the Fall 2020 semester. Over 1,000 college students were asked about how COVID-19 had affected their ability to pay for college.

“Collectively, our team has borrowed hundreds of thousands of dollars to pay for college so we know how expensive college is and are eager to share our perspective and experience to help people get the most out of their college investment,” said Kevin Walker, CEO of

Read More

Check Your Financial Adviser Now (and Every Year) or Regret It Later

As I worked with several rookies who took part in this year’s NFL, NBA, MLB and NHL drafts, I noticed the lack of financial literacy in the professional athlete community – especially rookies. It’s insane the trust level they give to agents as well as those in their inner circle.

But it’s not an isolated problem. Financial knowledge across the United States is weak overall, and a December 2019 FINRA Foundation “Investors in the United States” report revealed only a third of respondents are able to answer more than half of the 10 investing quiz questions correctly. In addition, 14% of respondents did not think they paid any investment fees. But the most shocking answer by far was that free investor-related tools – such as BrokerCheck and – are used by fewer than 10% of investors!

It seems that the vast majority of investors are unwilling to do due

Read More