Robinhood Announces Its Own Clearing System, Along with Lower Fees (& Higher Profits)
Robinhood said today it has spent two years building its own trade clearing system from the ground up, and says...
Wealth Management
Bank of America Mobile App Now Allows Seamless Connection to Merrill Edge
One of the biggest impediments for banks in acing customer service and user experience is being unable to seamlessly manage...
After Claims of ‘Fake News,’ Goldman to Offer Bitcoin Derivative, CFO Says
Goldman Sachs CFO Martin Chavez said a report that stated the bank was closing or delaying its cryptocurrency trading desk...
Goldman Sachs Delays Plans for Crypto Trading Desk
Goldman Sachs is reportedly dropping plans for a cryptocurrency trading desk. The news, which broke late yesterday, sent crypto prices...
Which Fintech Companies Have Over 1 Million Customers?
Fintech startups, particularly neobanks, have long suffered from having great technology, but few customers using it. Simple and Moven had...
Chase Leverages Sapphire Brand for New(ish) Checking Account
JPMorgan Chase announced that it was rolling over customers with a Chase Premier Platinum checking account to its better-known consumer...
PFM App Tally Adds Robo Advisor Functionality
The future of mobile banking is having everything on a single app. Fintech companies like Credit Karma, Betterment, Acorns have...
Roboadvisor Betterment Will Not Apply for a Bank Charter, CEO Says
Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the...
PwC Shutters DeNovo, Its ‘Fintech Insights’ Platform
The global professional services company PwC announced via email it will shutter its DeNovo platform, which delivered insights and analysis...
The Facebook Files: Here’s the Financial User Data Facebook Really Is — and Is Not — Sharing
There are boundaries, with a fair amount of grey areas, around what financial data Facebook will share with its partners,...
