By 2024 there may be more than 220 million digital wallets, representing an $800 billion opportunity. But it won’t be the traditional banks that benefit from this red-hot growth, it’s the fintechs that are poised to win. That’s according to Cathrine Wood, founder, and CEO of ARK Investment Management, the global asset management firm that invests only in companies bringing disruptive innovation to the market. Its fintech innovation actively managed equity strategy invests in companies focused on digital wallets, mobile payments, lending, AI, eCommerce, and risk transformation. During the Rosenblatt Fintech Summit ... (full story)