The latest headlines on the impact of technology on the wealth management industry.
A Russian hacker admitted Monday that he executed the largest known cyber-attack against a U.S. bank, pleading guilty to charges that he stole data on more than 80 million clients of JPMorgan Chase & Co. and other institutions that netted hundreds of millions of dollars in ill-gotten gains.
Fintech Fundbox Inc. has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company plans to announce the funding on Tuesday, along with a new $150 million credit facility.
Cryptocurrencies such as Monero, Zcash and Dash, which can to varying degrees obfuscate transactions, are making it harder for exchanges and custodians to comply with fresh international guidelines to prevent illicit financing.
They said it revealed some patterns that could help investors avoid credit-rating downgrades or defaults without reading through hundreds of pages of reports.
The Winklevoss brothers say they have a solution for one of the dilemmas faced by cryptocurrency investors: Keeping digital coins protected against theft versus maintaining quick access for trading.
Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd.
Stripe Inc. became one of the most valuable financial-technology startups by helping businesses accept online payments. Now it’s getting into lending.
Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst.
Going by the mainstream business press, you’d think the big stories of 2019 in cryptocurrencies are the quadrupling of the price of Bitcoin and a shift by big institutions such as JPMorgan Chase & Co. and Facebook Inc. from the blockchain-not-bitcoin model popular from 2014 to 2018 to bitcoin-with-training-wheels.
A Berlin-based fintech company backed by Goldman Sachs Group Inc. is acquiring one of its crosstown rivals as it tries to capitalize on the 12 trillion euros ($13.3 trillion) pension and retirement savings market in Europe.
Jeffrey Wang, who used to run foreign exchange spot and derivatives trading for Asia at Morgan Stanley, has joined a cryptocurrency firm run by his former colleagues, part of a growing cohort of ex-Wall Streeters taking a shot in the volatile world of digital assets.