Tuesday, October 26, 2021

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

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

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...

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