The latest headlines on the impact of technology on the wealth management industry.
Fintech News
Goldman Says Pandemic Is Giving a Boost to Digital Banking
The coronavirus pandemic is accelerating a move by consumers toward online financial services and demonstrating that banks can operate with fewer physical branches, a Goldman Sachs Group Inc. executive said.
Robinhood Is Democratizing Markets, Not Disrupting Them: Nir Kaissar
The narrative borrows from a Wall Street saw that ordinary investors are fools not fit to handle their own money, a caricature that has long been used to exclude them from markets.
Banks Say They’re Gaining Against Fintechs During Pandemic
Fintech startups chipped away at U.S. banks’ customer base for years, in everything from wealth management to consumer lending and beyond. Now banks says they’re taking some market share back.
Bank of America’s AI Robot Learns 60,000 Ways to Talk About the Coronavirus
The artificial-intelligence program has come to recognize 60,000 coronavirus-related terms as customers seek to manage their cash flow, increase savings and watch their spending during the pandemic.
Robinhood Fixed Issue That Displayed Incorrect Portfolio Values
Robinhood Financial said Wednesday that it fixed an issue that had some users asking why their portfolios were displaying incorrect values.
Bitcoin’s Bounce Back Over $9,000 Masks a Potential Downtrend
Bitcoin’s trading above $9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk.
Thiel-Backed Firm Helps Ultra-Wealthy Trade Hedge Fund Holdings
Addepar Inc., a Silicon Valley firm whose clients handle almost $2 trillion of wealth-management assets, created a way to more easily trade investments in hedge funds and private equity funds.
Rita Cheng of Blue Ocean Global Wealth on Building Relationships With Digital Tools
Fintech apps are redefining client onboarding in the financial services industry. What does this mean for the future of investor-advisor…
Robinhood Suffers Online Outage With Market Advancing After Rout
Robinhood Markets Inc. customers experienced technical issues on the company’s online service when U.S. markets opened on Monday morning.
Goldman Plows More Funding Into No-Code Software Startup
Unqork, a New York-based software company, raised an additional $51 million from backers including Goldman Sachs Group Inc. to accelerate a global expansion and move into new industries beyond insurance and financial services.
Goldman Loses Crypto Czar as Another Tech Partner Departs Bank
Rana Yared, a rising star who once was in charge of building out the crypto-trading operations at Goldman Sachs Group Inc., is leaving in the firm’s latest loss of senior tech talent.
