AI and the future of financial advisors with Q.ai
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According to Jason Mountford, Trend Analyst at Q.ai, the use of artificial intelligence in the financial advisor space is “an untapped area.”
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Fintech News Stories
How regulation shapes financial-advisor fintech
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Though financial advisors have existed in various forms over the centuries—as accountants, lawyers, bankers, and others—the financial planning field has, since its genesis, been a standardized and compliance-oriented space.
Read MoreMarketing fintech solutions to financial advisors
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Despite the growing popularity of robo-advisors like Wealthfront as well as the proliferation of other automated tools to manage consumers’ wealth, the financial-advisor space is poised to grow 15% by 2031—a sizeable increase for a job that already hires more than 300,000 people in the US alone.
Read MoreCloud computing as a product culture with Human Interest
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According to Abhi Mishra, CTO at Human Interest, part of Human Interest’s work is to ensure that retirement benefits don’t distract SMBs from their core work, especially since these businesses are often overburdened to begin with.
Read MoreWhat open banking means for fintech product development
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With regulatory changes impending, what can fintechs do to build out their products in open banking-friendly ways?
Read MoreHow aging workforces will shape fintech ops
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What happens as the median age of fintech founders and employees increases? How will that shape fintech writ large—especially fintechs’ operations?
Read MoreA green challenge: Marketing climate-oriented fintech products
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Climate-focused fintechs have seen investment and interest in their products scale significantly over the past ten years. This subsector raised more than $1.2B in 2021—and, despite medium-term headwinds, will no doubt continue to grow.
Read MoreGetting debt in order with Debbie
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Rachel Lauren, Debbie’s Co-Founder and COO, framed debt as a headwind that’s growing in strength, and a potentially paralyzing one at that. Many people who have accumulated debt don’t know where to begin when it comes to changing their financial conditions.
Read MoreWill Fidelity’s Bitcoin 401(k) plans gain traction?
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Fidelity Investments announced that it’s launching employer-sponsored 401(k) plans that invest in Bitcoin. Fidelity administers retirement plans for approximately 23,000 businesses and manages over $11T in assets.
Read MoreWith interest rates on the rise, some fintechs offer smoke and mirrors
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Over the past twelve months, the average interest rate for a savings account has risen from .06% to .1%. Fintechs like Save and Fair are offering “alternative” savings accounts with supposed annual yields around 4%.
Read MoreInflation may worsen the financial gender gap
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According to a report by Financial Health Network, men are 50% more likely to be financially healthy than their women counterparts. Women trail behind men on all measures, including spending, savings, borrowing, and planning.
Read MoreHedge funds anticipate a recession
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US-based hedge funds are making more conservative bets on stock prices than they have in a decade. Funds like Bridgewater and BlackRock have increasingly taken short positions on billions of dollars in assets.
Read MoreMillennials report low confidence in retirement plans
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Research by Alto Solutions, Inc., a self-directed IRA provider, claims 53% of millennial investors aren’t confident they will ever be able to afford retirement. And 76% worry that a market crash could erase their savings.
Read MoreOutsourcing the front office with Northern Trust
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In an interview with The Financial Revolutionist, Gary Paulin, Head of Global Strategic Solutions at Northern Trust, argues that the future of the front office rhymes with the cloud-computing landscape. He envisions an ecosystem of partnerships built around a client’s value chains, which, he asserts, would offer all firms the opportunity to compete with the fund manager giants.
Read MoreIs State Street about to acquire Credit Suisse?
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After a third straight quarter of losses at Credit Suisse as well as an upcoming round of layoffs, the Swiss blog Inside Paradeplatz has reported that State Street may make a bid for Credit Suisse at 9 francs per share.
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