Micro-investing app Acorns, which also offers personal finance and banking capabilities, is teaming up with ZipRecruiter in an effort to expand its footprint and deliver more value to its client base.
Read MoreUBS Workplace Wealth Solutions, a unit within the financial firm that offers wealth and retirement solutions for workplace clients, is partnering with New York-based fintech FutureFuel.io to offer users a range of student loan repayment options, including reassessments, refinancing, roundups, “Give Back” (repayment through cash-back rewards), and other solutions.
Read MoreFidelity-owned financial planning tech firm eMoney Advisor has rolled out a new financial planning and wellness app called Incentive. The platform is made for financial advisers who will use the tool to help their clients.
Read MoreGlobal investment management company T. Rowe Price has appointed Raymone Jackson as head of diversity and inclusion.
Read MoreLufax, one of China’s largest digital investment management platforms, filed paperwork for a U.S. IPO this week. It joins Chinese financial services firms Ant Group and JD Digits, the fintech arm of digital retail marketplace JD.com, both of which went public earlier this summer.
Read MoreBank of America launched Life Plan, an end-to-end digital personal finance and financial wellness platform.
Read MoreJPMorgan and BlackRock are tapping startup Saphyre’s AI tools to automate the opening of custody accounts. The new solution allows for the digitization of account information entries, the pre-population of redundant data, and the elimination of manual processes and wet signatures.
Read MoreWealthsimple, a Canadian robo-adviser that also operates in the U.S. and the U.K., received conditional approval from Canadian Securities Administrators to test a cryptocurrency platform over a two-year period.
Read MoreEmpower Retirement, a subsidiary of Canada-based financial company Great-West Lifeco, will acquire robo-adviser Personal Capital for $825M on closing and up to $175 million for planned growth.
Read MoreData aggregator Yodlee, owned by Envestnet, launched a new offering called Insights Solutions, which allows companies to gain personalized views of clients’ finances.
Read MoreGrab, 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, 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 MoreLow-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 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 MoreDiscount 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 MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
