Post Tagged with: "Investing"

U.S. Bank Partners with Roboadvisory FutureAdvisor [VIDEO]

U.S. Bank Partners with Roboadvisory FutureAdvisor [VIDEO]

by August 25, 2016 at 12:36 pm 3 comments

U.S. Bank has partnered with investment advisory firm FutureAdvisor to provide automated, or robo-advisory services to its clients at U.S. Bancorp Investments, an affiliate of the bank. FutureAdvisor was bought by the world’s largest investment manager, BlackRock, about a year ago. While roboadvisors have their advantages in terms of cost,Read More

Revolut’s Crowdfunding Campaign Hits $17MM in Two Days

Revolut’s Crowdfunding Campaign Hits $17MM in Two Days

by July 13, 2016 at 12:28 pm 1 comment

The hot foreign exchange app Revolut has ordinary users pledging millions to its equity crowdfunding campaign. Just yesterday, the startup announced it raised a $10 million (£7.75 million) Series A funding round to facilitate the way people send and receive money globally. Of the £7.75 million, UK-based Revolut opened up £1Read More

Citi Shows Off the Eye-Popping Power of Virtual Reality for Trading [VIDEO]

Citi Shows Off the Eye-Popping Power of Virtual Reality for Trading [VIDEO]

by June 17, 2016 at 10:56 am 3 comments

We’ll say this: virtual reality trading looks cool. Citigroup released a video earlier this week that shows the potential (tremendous) power of virtual reality to present data for trading. The example used is a trader at a workstation with a massive monitor — the technology could equally be used with mobile devices —Read More

Scandal Rocks Lending Club, Laplanche Ousted

Scandal Rocks Lending Club, Laplanche Ousted

by May 9, 2016 at 9:07 am 7 comments

Investors were looking to today’s Lending Club Corp. earnings as a sign of validation for the troubled marketplace lending sector. Instead, they got scandal. The company said Renaud Laplanche has resigned as chief executive and chairman after an internal review found sales of $22 million in near-prime loans to aRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

Fintech’s Power Grab — in The New York Times

Fintech’s Power Grab — in The New York Times

by April 7, 2016 at 12:11 pm 0 comments

Ok, it’s safe to say fintech has hit the big time. The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge toRead More

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3 Startups to Watch — Quantiacs, Cleo and ZigZig

by March 9, 2016 at 12:56 pm 0 comments

This week, we have a group of startups united in their mutual conviction that 20-and-younger-somethings need not leave their financial situation to the vicissitudes of an indifferent fate. Starting from the macro and moving to the micro, today’s list takes us on a journey beginning with the plight of the genius-quant,Read More

Coolest Brands 2016: RobinhoodCracking the Millennial Code

Coolest Brands 2016: Robinhood

Cracking the Millennial Code

by February 16, 2016 at 8:43 am 1 comment

No one’s quite sure how to win over those pesky, penniless, yet prized customers known as millennials — except Robinhood already has. When the equity-trading-for-free app launched in March 2015, it had already amassed a waiting list of 800,000 people. The average age of an account holder is 26, accordingRead More

Stash Asks Millennials to Skip the Beer and Invest the $5 Instead

Stash Asks Millennials to Skip the Beer and Invest the $5 Instead

by February 9, 2016 at 11:02 am 1 comment

Stash, a new investing app for millennials, announced a $3 million raise today, bringing its total funding to $4.5 million. “70% of people under 30 don’t invest,” CEO David Ronick told Bank Innovation. “They say, ‘We know we need to save and invest,’ but it’s intimidating. Buying a share of Apple forRead More

Acorns Launches Media Site for Financial Education

Acorns Launches Media Site for Financial Education

by January 26, 2016 at 12:47 pm 2 comments

Acorns wants millennials to start investing money, and also wants to help them learn how to manage their finances. To that end, the investment platform has launched a media site called Grow that features millennials and financial experts — and some millennials who are themselves financial experts — discussing personal finance.Read More