Fidelity and Goldman Sachs are seeking approval from the Securities and Exchange Commission (SEC) for bitcoin-related investment products, demonstrating how quickly the cryptocurrency is moving into traditional banking and wealth management realms.
Read MoreeMoney Advisor, the Fidelity-owned financial software planning platform used by more than 70,000 financial professionals across firms of all sizes, announced that it’s joining the Akoya data access network.
Read MoreIn the latest move by a traditional finance player recognizing bitcoin as an asset class, banking and investing giant Morgan Stanley this week said it’s going to offer wealthy clients access to three funds that will enable exposure to bitcoin.
Read MoreIn a move reaffirming their openness to bitcoin in traditional markets, Canadian securities regulators approved a third bitcoin exchange-traded fund – the CI Galaxy Bitcoin ETF – that will launch Tuesday on the Toronto Stock Exchange.
Read MoreMoneyLion, a New York-based banking, investing, and lending platform, has acquired Wealth Technologies in an effort to bolster its in-house tech capabilities that help users plan their financial lives.
Read MoreMerrill, Bank of America’s wealth management arm, is putting its resources where its customers are. The firm has 20 teams catering to ultra-high-net-worth individuals in Florida – those with at least $10M to invest – and plans to double that over the next few years.
Read MoreStock trading app Robinhood is in discussions with The Financial Industry Regulatory Authority (FINRA) to settle probes into options-trading practices and outages that took place in March of 2020
Read MoreAmid the GameStop trading frenzy in recent weeks, the U.S. House Financial Services Committee heard from tech CEOs, including Robinhood CEO Vlad Tenev, on Thursday, Feb. 18.
Read MoreGoldman Sachs, the famed Wall Street investment bank, is increasingly moving to Main Street with the rollout of consumer financial services offices offerings, the latest being Marcus Invest this week.
Read MoreAs the dust settles over the Robinhood-GameStop debacle, the company is picking up the pieces with a bruised reputation, lawsuits, and the likelihood of enhanced government oversight.
Read MoreCNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.
As retail investors on Reddit boosted heavily-shorted stocks like AMC Entertainment, Blackberry, and GameStop – which rose hundreds of percentage points in recent weeks
Read MoreBlackRock, the world's largest asset manager with $8.68T in assets under management, announced that it’s integrating tools offered by Clarity AI, a sustainability analytics and data science platform, into Aladdin, BlackRock’s operating system for investment professionals.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
