Fintech News Stories
Robinhood under pressure to rebuild trust after GameStop fallout
/As the dust settles over the Robinhood-GameStop debacle, the company is picking up the pieces with a bruised reputation, lawsuits, and the likelihood of enhanced government oversight.
Read MoreCNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood
/CNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.
Amid Reddit rally, Robinhood trade restrictions spark outrage from investors
/As retail investors on Reddit boosted heavily-shorted stocks like AMC Entertainment, Blackberry, and GameStop – which rose hundreds of percentage points in recent weeks
Read MoreBlackRock taps ClarityAI for ESG reporting within Aladdin platform
/BlackRock, the world's largest asset manager with $8.68T in assets under management, announced that it’s integrating tools offered by Clarity AI, a sustainability analytics and data science platform, into Aladdin, BlackRock’s operating system for investment professionals.
Read MoreTruist to move out of the 401(k) business through a series of acquisition deals
/Truist Financial is selling off its 401(k) unit, the company announced on Wednesday, January 6. Terms of the transactions were not disclosed.
Read MoreIslamic fintech Wahed acquires banking app Niyah
/Wahed, a U.S.-based Islamic fintech that offers a compliant investment management platform, has acquired Niyah, a British company that runs a banking app designed for Muslim communities. Terms of the deal were not disclosed.
Read MoreWealthfront and Betterment prepare for next phases of growth
/Betterment and Wealthfront, two early robo-adviser startups that ushered in a wave of automated investment tools more than a decade ago, are preparing to expand their market share and scale more quickly.
Read MoreJPMorgan Asset Management acquires fintech 55ip
/JPMorgan Asset Management this month acquired 55ip, a Boston and Mumbai-based fintech that offers tax automation technology for financial advisers. Terms of the deal, expected to close by the end of the year, were not disclosed.
Read MoreAs customers embrace wealth management apps, client satisfaction lags behind
/The J.D. Power 2020 U.S. Wealth Management Mobile App Satisfaction Study reports that while customers use wealth management apps more the pandemic, client satisfaction lags behind other consumer financial institutions such as credit card companies, retail banks and insurance companies.
Read MoreWealth management fintech Oranj to shut down by end of the year
/Financial Planning first reported that 6-year-old wealth management software firm Oranj is shutting down by the end of the year.
Read MoreInvesting app Bumped launches to the public with Series A investment
/Bumped, a Portland, Ore.-based investment app, launched after years in a controlled beta. The app partners with brands to offer consumers fractional share rewards after making purchases.
Read MoreSchwab expands client options for charitable giving
/Schwab Charitable, the wealth management firm’s provider of donor-advised funds, launched new features to enhance client access to charitable giving, including a socially responsible fixed income pool, and the elimination of minimums on initial and subsequent contributions to donor-advised fund accounts.
Read MoreMicro-investing app Acorns partners with ZipRecruiter to help customers find jobs
/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.
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