Investment firm VanEck is launching a bitcoin futures exchange-traded fund (ETF) this week, following in the footsteps of ProShares, which rolled out a similar product in October.
Read MoreEarlier this year, Vanguard – the largest issuer of mutual funds in the world and the second-largest issuer of exchange-traded funds – claimed it would roll out a new app designed with clients’ needs in mind.
Read MoreTrading app Robinhood – which earlier this year faced scrutiny over its GameStop trading halt – is now reeling from the consequences of a data breach that exposed the names or email addresses of more than seven million people.
Read MoreGreenlight, a fintech firm that offers a debit card and personal finance tools for kids, is launching a new offering to help parents learn how to invest and set up portfolios.
Read MoreTD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.
Read MoreBank of America announced that Life Plan – a digital financial planning tool it launched a year ago – has crossed five million users, calling it the company’s “most rapidly adopted digital feature of all time.”
Read MoreActivity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.
Read MoreRevolut, the U.K.-based challenger bank with a global footprint, will roll out commission-free stock trading capabilities for U.S. customers in an effort to compete with the likes of Robinhood, Public, and SoFi.
Read MorePagaya, an American and Israeli fintech firm that uses artificial intelligence (AI) to manage institutional money, is going public through a merger with special purpose acquisition company EJF Acquisition Corp.
Read MoreMoney transfer giant Wise (formerly TransferWise) – which went public in July and boasts a market capitalization of more than $14B – is expanding its wings beyond payments and testing investing products for its U.K. customers.
Read MoreBanking and investing app Acorns is waiving subscription fees for veterans in an effort to reach more underserved customers.
Read MoreHuman Interest, a San Francisco-based startup 401(k) provider, claims to “launch a retirement plan in minutes and put it on autopilot.”
Read MoreShares of trading app Robinhood, which gained notoriety earlier this year by enabling retail investors to pump up so-called meme stocks including Gamestop and AMC Entertainment, are surging a few days into its launch on the Nasdaq.
Read MoreM1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.
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.
