Tagged: robo-advisors

Digital Bank Revolut Is Leading the “Re-bundling” Race Among European Financial Technology Firms, Industry Professional Explains

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

Rari Capital to Offer Robo Advisory Services for Decentralized Finance Investors, will Support Compound, dYdX Protocols

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

Robo Advisors Industry Expected to Reach Nearly $1 Trillion Valuation this Year: Report

Lost in Space Robot

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

California based Fintech Wealthfront, a Robo-Advisor that was Focused on Becoming a Digital Bank, Introduces Checking Account Features for its Cash Accounts

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

Singapore Robo-Advisor StashAway Celebrates USD $5.3M Series A Funding Round

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

Monetary Authority of Singapore Posts Consultation on Robo-Advisors

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

SEC Chair Jay Clayton Requests Comments on Controversial Department of Labor Fiduciary Rule

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

Stash Hires Giff Carter as Chief Revenue Officer as Growth Becomes Exponential

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

Singapore Fintech Startup StashAway Raises US $2.2 Million in Series A

According to TechinAsia, StashAway, a Fintech startup based in Singapore focused on providing wealth management, announced it had secured US $2.15 million in funding for its Series A round. StashAway is a software solution for individual investors to manage their investment portfolio. StashAway claims to… Read More

SoFi Gets Bigger with SoFi Wealth Providing Unlimited Access to Living, Breathing, Financial Advisors

As expected, SoFi has announced wide availability of SoFi Wealth. The financial advisory platform is described as a low-cost online wealth management platform that combines an online and mobile interface with unlimited access to live, licensed financial advisors. SoFi, an iconoclastic Fintech Unicorn, is combining… Read More

Certua Says it Will Provide Real-Time Personal Financial Solutions Using Fintech

Certua is described as a Fintech platform that utilizes data to allow both individuals and advisers to benefit from financial planning solutions that automatically adjust as people’s lives change. The robo-life insurance service, expected to be the first service launched by the company, is intended… Read More

SEC Staff Issues Guidance Investor Bulletin on Robo-Advisers

The Securities and Exchange Commission (SEC) has published information and guidance for investors and the financial services industry regarding the use of Robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online. The Commission’s Division of Investment Management issued… Read More

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