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
Nearly half of North Americans open to robo-advice
Nearly half of North American bank customers are open to ditching human expertise for automated, computer-generated advice and services. Read more: www.finextra.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
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
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
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
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
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
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
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