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FICO finished? Not by a long shot.

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With all the talk about new firms creating FICO-free credit models, we took some time this week to lo
 
April 24 · Issue #29 · View online
Tearsheet Weekly Newsletter
With all the talk about new firms creating FICO-free credit models, we took some time this week to look at the trends (FICO use rising, not falling). 
Even as tech opens up new opportunities in finance, we’re also thinking a lot about closure…we look at all the real estate banks are freeing up by shuttering branches. 
Also, in honor of the CME’s closure of its NYC open outcry trading floor and Billions capping out an awesome inaugural season, we’re raising a glass of Passover-friendly booze and watching Trading Places (one more time). Like a fine wine, it does get better with age.
– Zack Miller, Editor-in-Chief, Tradestreaming

The Incumbents
Get those brokers back in here!: The CME signals the end of open outcry trading pits
JPMorgan takes a passive stake in ETF provider Global X
Did Fidelity cheat Its own client out of millions of dollars?
Capgemini goes on hiring frenzy to ramp up Blockchain Practice
Fixed-income investors have 99 ways to trade and one big problem
The Startups: Who's shaking things up
European online lending matures: Funding Circle securitizes first portfolio
Roboadvisors are automating all types of investments
For roboadvisers, the next bear market is make or break
The 85 fintech graduates of Y Combinator: 2005 to 2016
Fundrise ditches traditional crowdfunding to focus on REITs
The new-world insurance agent: Restructuring distribution
Fintech’s new friends in regulatory roles
Startups raising/Investors investing
PayPal ploughs $30 million into spare change investment app Acorns
Electronic billing provider, Transactis raises $30m from 5 banks
Numerai, hedge fund that uses AI on crowdsourced investment strategies, raises $1.5m
Perella Weinberg’s Andrew Bednar drives stock exchange megadeals
Why Max Levchin's Affirm beat fintech's "down round" trend
Focus on FICO
FICO-free zone? Traditional credit scores aren’t going anywhere
5 surprising things you might not know about FICO
The main takeaway from online lending conference, LendIt 2016
The future of online lending -- one investor's view
Bye bye branches?
[podcast] How to build a bank with no branches with Card.com’s Ben Katz
Does Wall Street see a future for the bank branch?
Bank branch population per Citi estimates
What's happening with the stock market?
Americans fall out of love with owning stocks
The number of publicy traded firms has halved
New financial products
AmEx to launch SMB loans on Lendio
NYSE Amex Options launches Binary Return Derivatives (ByRDs)
What we're reading
I wrote “ISIS Beer Funds!!!” in a Venmo memo and the feds detained my $42
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