When it comes to venture funding, the grass is (sometimes) greener in the other sector. The transportation sector enjoyed VC spotlight throughout 2016, while the fintech sector was left in the shadow, according to Global Innovation Investment Report release by Crunchbase. Overall, global VC grew 19% year over year, reachingRead More
Post Tagged with: "SigFig"
Partnerships, funding rounds, startups, acquisitions – robos have had a busy year. More and more companies jumped on the robo-advising bandwagon this year, while independent companies grew exponentially and snatched big-name partners. While the current technology allows for a fully automated portfolio management system, we saw a lot of theRead More
As UBS preps to expand its digital capabilities in wealth management, the bank will launch an Advisory Lab to further explore the most practical uses of robos, according to Richard Steinmeier, head of emerging affluent and the wealth advice center at UBS Wealth Management. The new lab will help UBS maintain a competitiveRead More
Fidelity Investments is launching its digital wealth management tool, a.k.a. robo-adviser, later this summer, a company spokesman told Bank Innovation today. The new product, Fidelity Go, has been in customer pilot for the past two months, and, based on customer feedback, will be ready to go live soon. It’s a completely separateRead More
More and more companies are jumping on the robo-advising bandwagon. Santander InnoVentures, the fintech venture arm of Santander Group, together with nine other major FIs and investors, today announced its investment in robo-adviser SigFig. SigFig netted $40 million overall from Comerica, Eaton Vance, New York Life, UBS and venture capitalRead More
Digital advisory — a.k.a. robo advisory — is a trend to “watch closely,” according to Kate Randall Danella, Regions Bank’s newest head of private wealth management. But adoption by the bank is likely years away. It’s a space we are watching closely and having conversations now. We look into howRead More
SigFig, a San Francisco-based robo advisor, partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors, it was announced today. The tools will “complement” the existing expertise of UBS advisors, and not form a separate automated platform, SigFig said. This move is in line with SigFig’s strategyRead More
Why are fintech startups different from other tech startups? Many people would answer regulations, and that’s certainly part of the story. Banks want fintech to be regulated to level the playing field, and fintech companies want regulation to make working with banks easier. But at the Empire Startups Fintech ConferenceRead More
Fintech is overflowing with startups, all of them more innovative than the last. We picked our top 8 “under the radar” companies.