Stock market hasn’t been impressed with their performance so far
Fintech was supposed to disrupt the financial old guard, but their stocks are tanking, and the market hasn’t been impressed with their performance so far.
Mogo (TSE:GO) is part of a wave of so-called fintech companies that see themselves as disrupters of the stodgy old banks. Armed with a better understanding of mobile technology, free from costly branch networks and focused intensely on the user experience, these online firms are muscling in on the lucrative business of providing loans, mortgages and portfolio management services to the public. If fintech is indeed supposed to grab market share from the incumbents, it should represent a good investment opportunity.
Read the full article at: www.canadianbusiness.com
