Six years ago roboadvising was the domain of just a few startups, but today the space is getting increasingly crowded. Betterment saw that coming since Day One (exactly six years ago), according to CEO Jon Stein. “But that’s a good thing for us, because every time one of these incumbentsRead More
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The branchless financial institution Ally Bank is expanding its offerings with the upcoming acquisition of TradeKing, a wealth management platform, announced yesterday. Ally had floated this ambition back in February. Ally has been adding to the functionality of its mobile app at a fast clip recently. Just last month, the bank announced theRead More
Fintech is far from a U.S.-only phenomenon, as this week’s top funding rounds make clear. The week’s top raises runs the gamut from online investments to the integration of Africa’s growing financial space; from the analysis of loan quality and security to the ever-more transparent P2P sector; to providing access to the vastRead More
M&T Bank’s wealth and institutional services unit is in the process of switching to a new image-capture system for its onboarding. The Buffalo-based bank, which introduced remote deposit capture back in 2012, disclosed the IT project during its earnings call earlier this week. Bank Innovation pinged Mitek and Top ImagesRead More
Robinhood, a startup promising free stock trades, made a strong showing in rankings for Google Play store finance apps, coming in at No. 7, putting it ahead of Google Wallet, Venmo, Citibank, and US Bank. Based in Palo Alto, Calif., Robinhood has $66 million in funding and is commonly citedRead More
Narrative Science, which transforms data into narratives, is largely focused on assisting humans in wealth management. But a new opportunity is arising in automated investing, also known as robo advising, in regards to which Narrative Science is currently engaged in several meaningful conversations. The robo advising world has been excitingRead More
Building a data-driven financial services company? You will probably end up calling Xignite at some point. The San Mateo-based startup offers on-demand financial data from the cloud to companies such as Yodlee, eToro, Personal Capital, Betterment, and Wealthfront. These are companies selling aggregation services — and doing so by wayRead More
APIs from Xignite, which provides back-end data integration much as Stripe provides payments integration, are powering, well, a lot of financial services ventures. Today, blogger Jim Bruene (@netbanker) tweeted that Xignite APIs are used by 40 startups that have previously presented at Finovate. Xignite lists a total of 55 companiesRead More
It’s a good time to be raising money in Fintech. All the major VC Funds are making Fintech bets, there is good activity on Angel List, there are Fintech specific funds and there are Fintech specific networking groups. Many Accelerators are domain agnostic. I have already reviewed the Fintech output from Y Combinator, which is…Read more The Growing Network of Fintech Accelerators Globally
The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.