BBVA bullish on Simple’s growth despite $60m writedown
BVA Compass, the US subsidiary of the Spanish banking giant BBVA, purchased the neobank Simple almost three years ago for $117 million. Read more: bankinnovation.net
Santander doubles the size of London FinTech venture fund
Banking major Santander has doubled the size of its fintech venture capital fund Santander InnoVentures with a $100m injection of fresh capital.
FinTech contest introduces adviser-focused software
Finalists include six companies with adviser tools for client prospecting, advising on student loans and more. Read more: www.investmentnews.com
Scalable Capital has attracted €100m in 10 months
Scalable Capital has passed over €100m in assets less than a year after launching. Read more: uk.businessinsider.com
How wealth managers can ride the FinTech wave
Innovation in the FinTech sector is being driven by many of the same trends in the recent surge in consumer tech, such as mobile, social and data science. Read more: www.wealthmanagement.com
Almost 80% of financial advisors expect robo to disrupt industry
Automated and algorithm-based technology is making an impact on wealth management, 78% of US financial advisors expect industry transformation. Read more: www.fintechroundup.com
Lending Club launches car loan refinance product
Today, Lending Club announced it is bringing transparent experience to the auto refinancing industry. Read more: www.finovate.com
Citizens Bank signs SigFig for robo-adviser investment services
Citizens Bank said Thursday it is partnering with SigFig, a leading robo-adviser, to help manage the portfolios of the bank's 1.2 million middle-income retirement savers. Read more: Read more: www.reuters.com
Robo advisor Wealthfront launches line of credit
Robo-advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Read more: finovate.com
InvestEdge pockets $5m for wealth advisor tech
Wealth advisor solutions provider InvestEdge has raised $5m in growth debt financing from Vistara Capital Partners. Read more: www.fintechroundup.com