136 articles tagged with this keyword
News/wealth
Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.
23 April 2024
News/retail
Earlier this week, NatWest announced its collaboration with IBM to add generative AI to their chatbot Cora, making it Cora+.
10 November 2023
Revolut has launched a robo-advisor in the US, offering customers the option to have their investment portfolios automated.
29 June 2023
Fintech industry body Innovate Finance has called on regulators to extend open banking to support the deployment of budgeting and affordability algorithms as a way to help Brits with the cost-of-living crisis.
03 March 2023
M&G Wealth is rolling out its robo-advisory platform twelve months after taking a stake in tech provider Moneyfarm.
31 January 2023
UK digital wealth manager Moneyfarm is buying pension adviser and consolidator Profile Pensions. Financial terms of the deal were not disclosed.
08 December 2022
News/crypto
Digital investment advisor Betterment is teaming up with Gemini to offer crypto investing portfolios to its 730,000 customers.
27 September 2022
UBS has pulled the plug on its $1.4 billion acquisition of robo-advisor Wealthfront but says it is still committed to its growth plans in the US and strengthening its digital offering.
05 September 2022
News/inclusion
Stackwell, a digital investment platform targeting the black community, has raised $3.5 million in a seed funding round.
04 August 2022
Canadian digital wealth platform Wealthsimple is the latest fintech to trim its workforce, blaming "market volatility" for the decision to lay off 13% of its staff.
15 June 2022
News/regulation
Subsidiaries of Charles Schwab have agreed to pay $187 million to settle SEC charges that they misled clients about fees for the broker's robo-advisor product.
14 June 2022
Wells Fargo has relaunched its robo-adivsory product Intuitive Investor, making it available to customers with just $500 to invest.
24 May 2022
News/startups
Tumelo, a UK startup that helps investment platforms and pension providers give investors insight into which firms their money is being put into, and a voice on issues such as board diversity and climate change, has raised $19 million.
10 May 2022
Goldman Sachs has agreed to buy NextCapital, a robo-advisor for corporate retirement plan participants. Financial terms were not disclosed.
29 March 2022
Digital investment advisor Betterment is joining the crypto goldrush through the acquisition of Makara. Financial terms were not disclosed.
08 February 2022
UBS is to buy robo addvisor Wealthfront for $1.4 billion, marking the Swiss bank's first fintech acquisition under the tenure of CEO Ralph Hamers.
27 January 2022
Digital wealgh manager Moneyfarm is to raises £44.1 million through a private placement that will see M&G acquire a minority stake in the company.
26 January 2022
Acorns co-founder Walter Cruttenden has raised $20 million in Series A funding for his latest venture, Ant Money, and merged it with another of his fintech firms, Blast.
22 December 2021
Canadian fintech giant Wealthsimple is pulling out of the UK investment market, transferring its customers to Moneyfarm.
06 December 2021
Fintech BM Technologies has agreed to buy community business lender First Sound Bank in a $23 million deal.
15 November 2021
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