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Programmatic advertising is preparing for the first-price auction era

OpenX, Index Exchange and Rubicon Project are all testing first-price auctions as part of their auction dynamics.

The post Programmatic advertising is preparing for the first-price auction era appeared first on Digiday.

MarTech Advisor
February 27, 2019
Why Marketers Should Understand AI and Data to Maximize Results – and Improve the Customer Experience
For years, marketers have utilized real-time data and artificial intelligence to inform decisions on how to adjust media allocations, but with the increased focus on improving customer experience, it's essential to use these same practices (and more) to optimize creative delivery, writes, Serge Ioffe is co-founder and CTO of RevJet.
MarTech Advisor
February 27, 2019
Rob Norman Joins Simpli.fi Board of Directors
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PulsePoint Launches Condition Populations, New Data Targeting Capabilities
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Business Insider
February 26, 2019
SoFi is jumping into crypto trading as the $4 billion fintech looks to become a financial hub for Main Street

Lending startup SoFi has plans to offer cryptocurrency trading to customers later this year.   The $4 billion fintech also announced the launch of its savings and investing platforms, SoFi Money and SoFi Invest. On Monday, SoFi filed to launch two ETFs that would include no fee for the first year of their existence, an industry first. 

Cryptocurrencies have seen big declines over the past 12 months, but that hasn't decreased Main Street investors' interest in getting exposure to the volatile market, according to one big fintech.

Lending startup SoFi announced plans on Tuesday to offer cryptocurrency trading to its customers in the second quarter of this year through its recently launched trading platform, SoFi Invest. Despite the bearish market crypto has endured over the past year, Anthony Noto, SoFi's CEO, said there is client demand for access to the nascent market. 

"Our target audience has a desire to be able to see what the price of cryptocurrency is and be able to buy cryptocurrency," said Noto at a media roundtable Tuesday morning. "We put the member at the center of what we are doing and what they want to do to achieve their financial independence. That is why we are doing it. It is 100% because we know that it is something they want to do. And they are already doing, quite frankly."

Read more: The first no-fee ETF just got announced, and it could signal an industry-wide rush

Noto declined to specify what currencies would be initially offered, and didn't elaborate on additional details. Noto has said in the past that SoFi was working with Coinbase to help facilitate trading. 

Coinbase did not return a request for comment in time for publication.

SoFi may work with custody and clearing firm Apex Clearing on its new crypto endeavor. The company made a minority investment in Apex, Business Insider previously reported. 

SoFi's plans to offer cryptocurrency trading highlight the $4 billion fintech's hopes of moving beyond its lending roots. On Tuesday, the company also announced the launch of SoFi Money, a savings platform that currently offers 2.25% interest and has no account fees, and its robo advisor SoFi Invest, to the general public.

SoFi is the latest in a long line of fintechs looking to become the financial hub for its clients. Over the past year, Robinhood, Betterment, Acorns, and M1 are among the fintechs that have unveiled plans to grow beyond serving as just a robo advisor. The process hasn't always been smooth. Robinhood faced backlash when it was revealed its cash management offering would not be insured. SoFi money is insured by the FDIC up to $1.5 million. 

"I think Invest and Money will both uniquely bring in new members that we wouldn’t have brought in through the lending products," Noto said. "Within Invest, it is hard to know whether it is going to be stocks, ETFs, robo or cryptocurrency. We know our members, and non-members that fit our targets, want elements from an investment standpoint. I think Invest overall will bring in new members, and then what they buy once they are there, we will have to observe."

See more: SoFi held talks to acquire a fintech company backing some of the hottest robo advisors as it eyes expansion beyond its lending roots

Noto said SoFi's financial plan for the year ahead includes meaningful headcount growth. Product engineering and design is the top priority, he added, with roughly 75% of new hires coming in that space in 2019. SoFi currently has 1,400 employees across seven offices in the US. 

With SoFi joining a host of other fintechs with investing offerings, it'd be fair to expect some consolidation. However, Noto said SoFi has no immediate acquisition plans, nor does he expect others to make significant moves in the near term. 

"I think the industry is still in formation phase," Noto said. "I'd be surprised if there are a lot of transactions. ... I don't think there will be a lot of M&A. I think people are in formation phase and are well capitalized and the environment is still healthy for them to continue to have ample capital to run their businesses behind aggressive growth plans."

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February 26, 2019
The Anatomy Of a Demand-Side Platform (DSP) [infographic]

Demand-side platforms (DSPs) are one of the main tools used by advertisers to run online media campaigns.

The post The Anatomy Of a Demand-Side Platform (DSP) [infographic] appeared first on Clearcode - Enterprise-grade Software Development.