Fintech News
Robinhood, Free Stockbroker, Eyes Bank Products
Robinhood Markets Inc. has more than 4 million U.S. consumers using its free stock-trading platform. Now, it’s in talks to offer them other banking services like savings accounts, according to people familiar with the matter.
Goldman Sachs Mulling Crypto Trades Beyond Futures, Solomon Says
Goldman Sachs Group Inc., one of the biggest U.S. investment banks, is exploring cryptocurrency trades beyond the publicly-traded derivatives that it already handles, according to Chief Operating Officer David Solomon.
Robo Adviser Startup Finds Way to Live in Harmony With Big Banks
Most roboadviser startups threaten to steal away customers from banks.
Crypto Coins Surge as SEC Spares Ether From Securities Rules
Ether investors got a reprieve Thursday when a top U.S. regulator said transactions involving the token aren’t subject to federal securities rules, ending months of speculation that had weighed on the second-most valuable digital currency. Ether and other coins surged on the news.
Fintech’s Adyen Shows the Long Path to Unseat Giants of Finance
With Adyen NV almost doubling in its trading debut Wednesday and Ant Financial raising $14 billion in its latest funding round, it’s tempting to assume fintech’s rising stars are about to displace financial industry stalwarts.
RBC Plans New Push to Get Clients to Adopt Its Digital Offerings
Royal Bank of Canada introduced a wave of technology initiatives in a bid to attract more tech-savvy customers who embrace a digital lifestyle.
No Letup for Bitcoin as Biggest Cryptocurrency Extends Drop
Bitcoin edged lower, bringing its four-day slide to about 16 percent, as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge.
Matt Levine’s Money Stuff: Selling Software That Sells Funds
Are banks tech companies?
BlackRock Woos Wealth Managers With Aladdin Risk `X-Ray’ Tool
Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers.
Wells Fargo Bans Cryptocurrency Purchases on Its Credit Cards
Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere.
Tech Startups Are Trying to Make Bank Accounts Cool
Suddenly, a common, simple, and frankly boring product is all the rage in Silicon Valley: bank accounts.