New online bank Loot, run by a 22-year-old, launches
Loot offers a pre-paid card and a smartphone app that it says will ensure you will never overspend again. Read More: home.bt.com
Banks are killing the password, and they can thank the iPhone
Many distinct entities are looking to kill the password, or replace it with better, more secure ways of logging into several online services. Banks are among them, and it’s easy to understand why. Read More: bgr.com
More U.S. Adults Who Break Up With Banks Go Online
A greater share of U.S. adults who break up with their banks are taking their accounts to online-only banks and nonbank institutions, according to a new report. Read More: www.wsj.com
New frontier of commercial real estate tech
The introduction of real estate crowdfunding has allowed for accredited individuals to invest in income producing real estate projects from a large number of people. Read more: www.retech.net
McKinsey weighs blockchain’s impact on insurance industry
McKinsey & Company reports on how insurance companies might be able to capitalize on blockchain, and where are the current limits of the technology. Read More: www.coindesk.com
Legg Mason buys big stake in Robo-Advisor
The asset manager says the deal will help it boost distribution to partnering advisors coping with new DOL rules. Read More: www.thinkadvisor.com
Indian wealth management app WealthTrust seals seed cash
Mumbai-based venture capital firm India Quotient has backed wealth management app WealthTrust with an undisclosed amount in seed funding.
WealthTrust will use the new funds...
Everplans secures $6.4 million in Series A funding
Everplans, a platform that guides people through creating, storing, and securely sharing all of the important plans and information their family would need in one place. Read more: www.prnewswire.com
German InsurTech company Finanzchef24 raises €4m in VC-backed round
Munich-based Finanzchef24, the first digital insurance broker for entrepreneurs and companies in Germany, has raised €4m in a Grenke Bank-led round.
Existing backers venture capital...
General Atlantic joins PE peers as Insurity investor
Global private equity firm General Atlantic has backed insurance technology company Insurity with an undisclosed investment.
The firm joins TA Associates and Genstar Capital as...