While many of you were busy catching Pikachu last week, you may have missed that Nasdaq, in collaboration with KBW, launched an index to track financial technology. Officially named KBW Nasdaq Financial Technology Index (KFTX), the fund tracks 49 fintech companies, including 17 Finovate and FinDEVr alums.

On Monday, 18 July, the index opened at 1,000 points and closed at almost 1,014 points on Friday, 22 July.

Finovate and FinDEVr alums listed in the index include:

• ACI Worldwide (ACIW)
  FinovateFall 2011 demo

• American Express (AXP)
  FinDEVr Silicon Valley 2015 presentation

• Blackhawk Network (HAWK)
  FinovateFall 2012 demo

• Envestnet (ENV)
  FinovateSpring 2016 demo

• Equifax (EFX)
  FinovateFall 2011 demo

• Fair Isaac Corp. (FICO)
  FinDEVr New York 2016 presentation

• Fidelity National Information Services (FIS)
  FinovateSpring 2015 demo

• Fiserv (FISV)
  FinovateSpring 2016 demo

• Green Dot (GDOT)
  FinovateSpring 2013 demo

• IHS Markit (INFO)
  FinDEVr New York 2016 presentation

• Jack Henry & Associates (JKHY)
  FinovateFall 2015 demo

• LendingClub (LC)
  FinovateSpring 2009 demo

• MasterCard (MA)
  FinDEVr Silicon Valley 2014 presentation

• PayPal (PYPL)
  FinDEVr New York 2016 presentation
  FinovateEurope 2012 demo

• Thomson Reuters (TRI)
  FinDEVr Silicon Valley 2015 presentation
  FinovateFall 2012 demo

• Vantiv (VNTV)
  FinovateFall 2014 demo

• Visa (V)
  FinDEVr Silicon Valley 2014 presentation
  FinovateSpring 2010 demo
  

According to Nasdaq’s press release, the companies in the index “represent roughly one-fifth (18%) of the investable domestic financial universe and nearly 4% of the investable domestic equity universe to account for approximately $785 billion in total market cap.”

It’s worth noting that the index, which will be rebalanced quarterly, does not consider activity from private companies, startups, or banks. Large, public companies may not be as sprightly as two guys in a garage, but they create their fair share of cutting-edge products and services. When creating the index, KBW and Nasdaq adhered to three guidelines:

1. The companies mainly sell financial services
2. Not primarily brick-and-mortar operated
3. Income is generated from fees, rather than interest

Other companies in the index include (each company in the index is weighted equally):

Alliance Data Systems Corp. (ADS); Bankrate Inc. (RATE); Black Knight Financial Services Inc. (BKFS); BofI Holding Inc. (BOFI); Broadridge Financial Solutions Inc. (BR); Cardtronics Inc. (CATM); CBOE Holdings Inc. (CBOE); CME Group Inc. (CME); CoreLogic Inc. (CLGX); Dun & Bradstreet Corp. (DNB); Euronet Worldwide Inc. (EEFT); EverBank Financial Corp. (EVER); EVERTEC Inc. (EVTC); FactSet Research Systems Inc. (FDS); First Data Corp. (FDC); FleetCor Technologies Inc. (FLT); Global Payments Inc. (GPN); Intercontinental Exchange Inc. (ICE); MarketAxess Holdings Inc. (MKTX); Moody’s Corp. (MCO); MSCI Inc. (MSCI); Nasdaq Inc. (NDAQ); S&P Global Inc. (SPGI); SEI Investments Co. (SEIC); Square Inc. (SQ); SS&C Technologies Holdings Inc. (SSNC); Total System Services (TSS); The Western Union Co. (WU); VeriFone Systems Inc. (PAY); Verisk Analytics Inc. (VRSK); Virtu Financial Inc. (VIRT); and WEX Inc. (WEX).