Tagged: robo-advisors

April 14, 2021 @ 11:27 pm By Omar Faridi  |  

Robo-advisory services in Southeast Asian countries like Singapore are increasingly being used for managing finances and investments. Robo advisors were introduced around 2008, which was when the world was dealing with the global financial crisis. Over the years, digital transformation and the emergence of new… Read More

March 13, 2021 @ 4:46 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront has explained how we can choose between taxable and “tax-advantaged” investment accounts. Wealthfront notes that if you’re ready to begin investing, then you need to figure out what type of account you should be opening and maintaining. You can open up… Read More

March 5, 2021 @ 6:21 pm By Omar Faridi  |  

When discussing wealth management strategies and how Fintech solutions can help investors better manage their portfolios, analysts often talk about how to create new wealth. They may discuss goal setting, risk profile management, and investment management. Dr. Sekar Jaganathan, Director of Digital Strategy at Kenanga… Read More

February 11, 2021 @ 7:32 pm By Omar Faridi  |  

We’ve been trusting robots to manage money more than we “trust” ourselves, according to a recent study from Oracle and personal finance specialist Farnoosh Torabi. The global survey of over 9,000 individuals across 14 different countries revealed that the COVID-19 pandemic has “increased finance-related stress… Read More

February 1, 2021 @ 9:33 pm By Omar Faridi  |  

Erica Gellerman, a CPA, MBA, and personal finance expert, notes in a blog post published by Chime Financial Inc. (a US-based banking challenger valued at around $14.5 billion) that if you’re planning to grow your wealth or net worth, then investing can be “a smart… Read More

January 11, 2021 @ 1:30 pm By Omar Faridi  |  

The Kava decentralized finance (DeFi) platform is “coming out the gates swinging” in 2021 with a “feature-packed” product roadmap – which includes two new native apps and crypto tokens, “decentralized bridges” to onboard major cross-chain digital assets, and several other features to “reinforce the safety… Read More

January 6, 2021 @ 11:07 pm By Omar Faridi  |  

Switzerland-based Investart, an online investing service with an intuitive “click-of-a-button” platform that’s intended for all users (especially to beginners), has dropped its commissions on transactions to zero. Customers have the option to choose between creating and managing their own investments or accepting portfolio allocations recommended… Read More

November 20, 2020 @ 3:58 pm By Omar Faridi  |  

Online financial advisor Betterment has teamed up with Dosh, an app that finds cashback deals for consumers and helps businesses acquire and retain customers, in order to offer cashback rewards for checking account customers. Betterment notes that they’ve created their no-fee, “hassle-free” Checking account because… Read More

November 4, 2020 @ 7:31 am By Omar Faridi  |  

UK-based challenger bank TSB will be teaming up with Robo-advisory firm Wealthify in order to launch its first investment program. TSB, which claims around 5 million customers, will allow users to follow a link within the TSB app or its Internet banking platform so that… Read More

September 4, 2020 @ 9:07 am By Omar Faridi  |  

California-based Fintech firm Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that it has introduced what it calls, the “first Self-Driving Money” service. As mentioned in an update shared with Crowdfund Insider, Wealthfront’s new, free-to-use service, Autopilot, will automate… Read More

August 19, 2020 @ 7:44 am By Omar Faridi  |  

The COVID-19 pandemic has “completely disrupted” young Americans’ financial stability, according to an update shared with Crowdfund Insider. The economic uncertainty due to the Coronavirus crisis has forced Millennials (people born around 1980 to 1996) to rethink or re-evaluate their retirement strategies, if they even… Read More

August 14, 2020 @ 5:56 pm By Omar Faridi  |  

Guided by the government’s Fintech focused development plan and innovation strategy, China is reportedly leading the charge when it comes to establishing financial technology businesses in the country. A recent survey of business Fintech usage, performed by CPA Australia, an established accounting firm, reveals that… Read More

August 7, 2020 @ 6:14 pm By Omar Faridi  |  

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

July 21, 2020 @ 9:52 pm By Omar Faridi  |  

Decentralized finance (DeFi) investors have been actively trading a large number of crypto-assets and they’ve also been taking advantage of competitive borrowing and lending options offered through these emerging platforms. Established by Jai Bhavnani, Jack Lipstone, and David Lucid, Rari Capital aims to become a… Read More

June 10, 2020 @ 3:29 pm By Omar Faridi  |  

BuyShares claims that the Robo Advisors sector is expected to reach a valuation of $987.4 billion this year, which represents a 19.3% increase in only a year. As mentioned in a release shared with CI: “The last few months have witnessed a surge in the… Read More

June 5, 2020 @ 12:52 am By Omar Faridi  |  

California-based Fintech Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that its checking account features are now live for the Wealthfront Cash Account. In statements shared with Crowdfund Insider, Wealthfront’s management noted that they’re on track to deliver what… Read More

March 23, 2018 @ 8:20 am By Erin Hobey  |  

StashAway, reportedly the first robo-adviser to receive a retail license in Singapore, has completed a USD $5.3 million (SGD $7.0 million) Series A funding round. According to the company, a group of family offices and  new investors as well as previous investors in the business, such… Read More

June 7, 2017 @ 2:07 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published a consultation on the regulation of Robo-Advisors or “Digital Advisory Services.” The consultation will close on July 7, 2017. The MAS proposal seeks to support innovation in financial services by recognising the unique characteristics of digital platforms…. Read More

June 2, 2017 @ 3:19 pm By JD Alois  |  

The Chairman of the Securities and Exchange Commission (SEC) Jay Clayton published a request for comments today tackling a controversial topic. Chair Clayton addressed the Department of Labor’s “Fiduciary Rule” that deals with the conduct of investment advisors and broker dealers. It will also impact… Read More

May 25, 2017 @ 6:37 am By JD Alois  |  

Stash, a digital investment advisor, has appointed Giff Carter as Chief Revenue Officer. The new hire was said to coincide with “exponential user growth and rapid expansion.” The company reported topping 500,000 users in March. Today, Stash has over 675,000 users. Prior to joining Stash, Carter… Read More