Robo-Advisers financially unviable and flouting FCA rules
UK robo-advisers have come under attack in a scathing new report, which alleged their current business models were unsound and they could be breaking regulatory rules.
Read more: www.professionaladviser.com
The Ask Me Anything app of personal finance
Kasisto, a spinoff of Siri-maker SRI International, added two bots to the personal finance bot space today with the introduction of MyKAI and KAI Banking. Read More: venturebeat.com
Fintech Startup LoanAdda ties up with Real Estate giant Unity Group
LoanAdda hopes to become a syndicate for the capital's biggest residential project Amaryllis, located in central Delhi, , real estate, property sector, startups. Read more: businessworld.in
MoneyLion brings traditional banking closer to obsolescence
The lingo of personal finance is rapidly changing (...) MoneyLion wants to get people spending better by presenting information differently. Read More: techcrunch.com
TIAA Acquires Wealth-Management Technology MyVest
TIAA, the provider of insurance and retirement products that oversees more than $860 billion in assets, bought MyVest. Read More: www.bloomberg.com
Financial advice: man and robot can co-exist
Don’t be concerned if your human adviser starts co-planning with a robot – the arrangement is likely to benefit you. Read More: www.iol.co.za
Big banks try to beat ‘Robo-Advisors’ by joining them
Increasingly, Wall Street is launching stand-alone financial advice services as smaller competitors target a key business. Read More: www.cnbc.com
Robo Adviser betterment stokes concern over Brexit trading halt
A decision by robo-advisory pioneer Betterment LLC to halt trading during the post-Brexit rout has stoked questions about the broad control some automated investment advisers maintain over clients’ ability to get in and out of markets during volatile periods. Read More: www.wsj.com
Invasion of the Robo-Advisors hits a snag
It turns out that most investors just want to pay lower fees for traditional financial advice from a human advisor. Read More: www.barrons.com
PSBC to roll out online consumer banking services
The bank says it will deepen its cooperation with Ant Financial and Shenzhen Tencent in internet and mobile finance. Read More: ww2.cfo.com