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Archive for Author: Paul Friday

Oct 3, 2016

New Banking Technology is Leveling the Playing Field In Retail Banking

Fintech, In the News, Startups, Uncategorized 0 Comments

There has been no shortage of “FinTech” disruption throughout the past decade. For some it has been like riding a wild tiger – trying to hang on. For others it’s been about avoiding being devoured. But this tiger – digital banking innovation – is starting to pop up in an unexpected place – small banks and credit unions. This lower-end segment of the banking industry, typically defined as banks with less than $10 billion in assets, has consolidated in the past 20 years. The smallest of banks, those with assets less than $100 million, have been particularly hard hit as…

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Jun 14, 2016

Electronification of Trading – for lack of a better word – is good, it clarifies and cuts through.

In the News, Trends , , 0 Comments

The “electronification” of securities trading in the U.S. has been underway for more than two decades as global securities markets have moved away from open outcry and phone/voice trading and towards faster and more efficient electronic alternatives. Nasdaq launched its earliest version of an electronic bulletin board in 1971 and CME group launched its electronic platform in 1992. Old news. What is interesting is that – despite the misgivings of some the electronification of trading is continuing its upward march. In fact in some markets it has reached 90% and more of trading volume, as evidenced in the chart below from the Bank for International Settlements (BIS). Furthermore, it’s coming to markets that have traditionally resisted it.

Apr 6, 2016

New Technologies are Accelerating Changes in the Wealth Management Industry

Fintech, In the News, Startup , , , 0 Comments

The wealth management industry is changing at a rapid pace due to the plethora of new technologies that have been introduced over the past five years or so. It is not the first time the industry has been shaken and improved by the birth of new technologies. Still, it is interesting to watch, and crucial to the state of m&a and our business as advisors.

Jan 27, 2016

Financial Institutions Need To Work Harder – and Faster – To Take Greater Advantage of Third-Party Software Solutions

In the News , , , , 0 Comments

For years, financial institutions have been spending billions of dollars per year on internally developed software in an effort to gain a competitive advantage – while talking about switching to third-party-based applications. According to a recent article, a well-known financial services firm has more people on its technology team (9,000+ full-time engineers) than Twitter (~3,600 in 2014) or LinkedIn (~6,900 in 2014). They have about the same number as Facebook’s total employee count (~9,200 in 2014). And that financial services firm isn’t alone. In some cases, chief technology officers at even medium-sized financial services firms are managing technology businesses as…

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