Envestnent-owned Yodlee rolls out ‘hyper-personalization’ feature
/Data aggregator Yodlee, owned by Envestnet, launched a new offering called Insights Solutions, which allows companies to gain personalized views of clients’ finances.
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Ride-hailing company Grab adds direct-to-consumer financial products
/Grab, a Singapore-based ride-hailing company that operates in several markets across southeastern Asia, began offering financial products for retail consumers through its financial unit. The new products include a micro-investment service, loans, and “buy now, pay later” capabilities.
Read MoreTrue Link, fintech for older adults, scores $35M Series B for expansion
/True Link, a financial platform for older adults, confirmed a $35 million Series B fund raise, resources the company says will help it move into new product categories.
Read MoreSmall business 401(k) provider Guideline raises $80M
/Low-cost 401(k)s for small businesses continue to be in demand despite tough economic circumstances. This week, Guideline, a San Mateo, Calif.-based 401(k) provider for small businesses, raised $80 million in funding at a valuation of $500M.
Read MoreFintechs bank on consumer belt tightening during the pandemic
/Fintechs that specialize in rounding up customers’ spare change and investing those funds are getting a boost. Plum, a U.K.-based savings and investment app picked up $10 million in new funding as it plans European expansion.
Read MoreRobinhood raises $320 million along path to IPO
/Discount brokerage Robinhood raised $320 million as part of its Series F round, bringing its valuation to $8.6 billion. The company in May raised $280 million as part of the same round, signaling investor confidence in its growth and IPO prospects.
Read MoreGoldman-owned Ayco expands financial marketplace for employers
/Ayco, a Goldman Sachs-owned financial company serving employers, expanded its product marketplace for employees this week, encompassing annuities, investment accounting, and tax services.
Read MoreDiscovery Data’s Bob Skea on Finding Answers in Data and Technol
/Asset managers, wealth managers, insurance companies, and fintechs say they want data. But in reality, what they really want is answers.
Read MoreA Tech-Infused Wealth Management Advisor Offering Human-Infused Advice
/Personal Capital offers a free dashboard where users can pull together all their financial accounts for a holistic view of their assets and liabilities. CEO Jay Shah discusses the company’s notable growth during the past 16 months.
Read MoreSupporting Human Wealth Managers in a Digital Ag
/What’s the future of human wealth managers in an age of passive investing, ETFs, and robo advisors? Joe Mrak, global head of wealth management at Refinitiv, says data and analytics will allow the next generation of tech-savvy wealth managers to add value and remain relevant.
Read MoreR.I.P. Wall Street Robo-Advis
/News of the robo-advisor’s death may be premature. But they’ll soon be under the same pressure to outperform the market as the humans they’re replacing.
Read MoreSurvey Says: Let’s Get Digital, Digital
/It seems a tired trope to say that financial advisors need to invest more in digital, but the fact remains that many advisory firms still lack the robust tech experience their younger investors want.
Read MoreDan Houlihan on Asset Owners’ In-Housing Investment Decision
/The Head of Asset Servicing, Americas at Northern Trust discusses the trend toward bringing investment decisions in-house. The reasons relate to fees, controls, efficiencies, and investment performance. Funny, isn’t it, since those sound much like the rationale for outsourcing?
Read MoreRIAs in for a Fight over Forthcoming Trillions
/Consolidation continues to rise in the RIA industry. And further consolidation means trillions of dollars up for grabs.
Read MoreThe Great RIA Acquire-Fest
/The number of RIA firms is exploding. Organic growth is playing a role, but M&A is an even larger contributor to this trend.
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