Don't Miss This Under-the-Radar Fintech Opportunity
The fintech industry poses a ton of opportunities for investors. From Lemonade to Upstart, these stocks have explosive growth potential as they blend technology with finance to bring financial services into the digital age. Investing in fintechs can be risky, though. Many of these companies are still in the early stages of customer acquisition and growth, and the stocks will be volatile as a result.
One under-the-radar fintech that many investors may not consider is BlackRock (NYSE: BLK). You are likely familiar with BlackRock's products, most notably its iShares ETF (exchange-traded fund) offerings, which give investors opportunities to invest across different asset types, industries, or investment styles. However, BlackRock has been building a technology product in recent years that has seen impressive growth -- and it's time to start considering the fintech opportunity embedded within its business.
BlackRock has been pushing in recent years to include more technological products. One offering that Chief Executive Officer Larry Fink has been very optimistic about is BlackRock's Aladdin platform. Aladdin is the technology that is at the core of BlackRock's business, and it has made this technology available to investors in recent years.
Source Fool.com
