Financial technology, or fintech, has become one of the fastest-growing digital industry sectors in recent times. Fusing the concept of financial services with new technology, fintech companies aim to improve traditional methods of moving money around by offering lower costs, time efficiency and improved access for businesses and consumers to manage their finances. We’ve put together a list of the most innovative fintech stocks for thematic investors. This list’s performance is calculated on an equally weighted method.
This list has performed -25.84% over the past year. By comparison, NASDAQ Singapore SGD Index is 1.73% over the same period. The beta of this list, which is a measure of volatility, is High at 1.62. List Beta is calculated using an equally weighted average beta of the securities within this list. This list includes 44.44% of Technology stocks, 44.44% of Financials stocks, 11.11% of Industrials stocks.
List performance is calculated using an equal-weight methodology. This list is generated by scanning the web and using our algorithms to surface potentially relevant securities to the topic. The list is intended to be educational and includes securities that may be suitable for a watchlist. It is not intended for investment or trading purposes. Microsoft does not recommend using the data and information provided as the basis for making any investment decision.
V. Visa Inc. (Visa) is a global payments technology company. The Company provides digital payments across more than 200 countries and territories. The Company connects consumers, merchants, financial institutions, businesses, strategic partners and government entities through technologies. The Company operates through the payment services segment. The Company provides transaction processing services, including primarily authorization, clearing and settlement to its financial institution and merchant clients through VisaNet, its transaction processing network. Its core business solutions, including credit, debit, prepaid and cash access programs for individual, business and government account holders. It also provides value-added services to its clients, including issuing solutions, acceptance solutions, risk and identity solutions, open banking and advisory services. It also offers products and solutions that facilitate money movement for all participants in the ecosystem.
Visa Inc. is +1.44% over the past month and +0.40% over the past year, outperforming the NASDAQ Singapore SGD Index by +2.97% over the past month and -1.32% over the past year.
JPMORGAN CHASE & CO.
JPM. JPMorgan Chase & Co. is a financial holding company engaged in investment banking, financial services and asset management. It operates in four segments, as well as a Corporate segment. The Company’s segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines, online, mobile and telephone banking. The Corporate & Investment Bank segment, comprising Banking and Markets and Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment provides financial solutions, including lending, treasury services, investment banking and asset management. The Asset Management segment comprises investment and wealth management.
JPMorgan Chase & Co. is +5.57% over the past month and -6.50% over the past year, outperforming the NASDAQ Singapore SGD Index by +7.09% over the past month and -8.23% over the past year.
PAYPAL HOLDINGS, INC.
PYPL. PayPal Holdings, Inc. is a technology platform that enables digital payments and commerce experiences on behalf of merchants and consumers across the world. It operates a global, two-sided network at scale that connects merchants and consumers with 426 million active accounts across more than 200 markets. Its brands include PayPal, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, Happy Returns by PayPal, Chargehound, Paidy and Simility. The Company helps merchants and consumers connect, transact, and complete payments, whether they are online or in person. It enables consumers to exchange funds with merchants using a range of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products, such as gift cards, and eligible credit card rewards. It also offers consumers person-to-person (P2P) payment solutions.
PayPal Holdings Inc. is -2.72% over the past month and -27.97% over the past year, underperforming the NASDAQ Singapore SGD Index by -1.20% over the past month and -29.70% over the past year.
MA. Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. It provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company’s services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. Its products include consumer credit, consumer debit, prepaid and commercial credit and debit. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, identity verification services, consulting, loyalty and reward programs, processing and open banking.
Mastercard Inc. is -2.15% over the past month and -2.43% over the past year, underperforming the NASDAQ Singapore SGD Index by -0.63% over the past month and -4.15% over the past year.
SQ. Block, Inc. creates tools that enable businesses, sellers and individuals to participate in the economy. Its segments include Square and Cash App. The Square segment includes managed payment services, software solutions, hardware and financial services products offered to sellers. Square segment also offers GoParrot, a digital ordering and marketing platform for restaurants. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App segment also includes Cash Card, which is linked to customer-stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Its Square ecosystem consists of more than 30 software, hardware, and financial services products. With Cash App, it is building an ecosystem of financial products and services that helps individuals manage their money by making it relatable, instantly available, and universally accessible.
Block Inc. is +5.75% over the past month and -23.23% over the past year, outperforming the NASDAQ Singapore SGD Index by +7.28% over the past month and -24.96% over the past year.