robo-advisor

138 articles tagged with this keyword

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Betterment eyes profits, IPO on $70 million round

Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.

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InvestCloud to open London fintech incubator

California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.

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Asset managers failing to adapt to digital world

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

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Asset managers fear disruption as digital technology comes of age

Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.

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HSBC boards the robo-advice train

HSBC is throwing its weight behind the robo-advisory movement, announcing plans to use data and algorithms to deliver tailored advice and make personal recommendations based on an individual’s circumstances.

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ING tackles robo-advisory conundrum

Research among 15,000 consumers conducted by ING finds that only two percent would trust a fully automated robo-adviser to invest their money on their behalf.

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Robot heart surgeons more trusted than robot bankers

New research from HSBC has found that people would rather put their faith in a robot to perform open-heart surgery than trust one to open a savings account or provide mortgage advice.

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Robo-advisor Wealthsimple raises C$50m

Toronto-based online investment manager Wealthsimple has raised C$50 million from Power Financial to fund its growth ambitions in Canada and the US.

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Standard Chartered supercharges fintech accelerator graudates

Standard Chartered has initiated proof-of-concept trials on robo-advisory services and blockchain with two startups graduating from Hong Kong's SuperCharger Fintech Accelerator programme.

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Robo-advisor Wealthfront moves into lending

Robo-advisor Wealthfront is moving into lending, enabling customers to borrow against their investment accounts.

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Skandiabanken makes robo-advisory push with stake in Quantfolio

Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.

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Robo-advisor 'Chloe' launches in Japan

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE).

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NatWest to roll out digital investment service

NatWest is rolling out a digital investment service for its online banking customers.

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BAML shuns algorithms for digital investment platform

Bank of America Merrill Lynch is tapping the expertise of its investment officers, rather than algorithms, for the US launch of its online advisory platform.

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Carney accused of "lack of understanding" in remarks on robo-advisors

The founder and CEO of online investment manager Scalable Capital has lashed out at the Governor of the Bank of England Mark Carney, accusing him of a "deep miscalculation of priorities" for singling out robo-advisory services as a potential force for future financial instablity.

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Former Visa president raises $125m for new fintech fund

Nyca Partners, a fintech startup-focused venture capital firm set up by former Visa president Hans Morris, has raised more than $125 million for its second fund.

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Bundesbank president tells G20 to avoid race to bottom on fintech regulation; Carney chips in

As it assumes the G20 presidency, Germany has set its sights on the fintech community, calling for the development of a set of common criteria for the industry's regulatory treatment in an effort to avoid a race to the bottom, says Bundesbank president Jens Weidmann.

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Robot-ready UK consumers still cling to the branch

Two-thirds of UK consumers are open to receiving financial advice from artificial intelligence agents, but are not yet prepared to foresake the human interactions provided by branch-based transactions, according to new research from Accenture.

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Singapore gets robo-advisor for women

Miss Kaya, a new Singapore robo-advisor aimed at women is promising to "simplify and demystify" money management.

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Spanish fintech accelerator calls for international applicants

A Spanish bank-backed fintech incubator and accelerator is inviting startups from Europe and Latin America to apply for four-month programme at its base in Valencia.