Fintech News Stories
VanEck to launch bitcoin future ETF this week after SEC approval in late October
/Investment firm VanEck is launching a bitcoin futures exchange-traded fund (ETF) this week, following in the footsteps of ProShares, which rolled out a similar product in October.
Read MoreVanguard’s new app flops with investors complaining of user-experience glitches
/Earlier this year, Vanguard – the largest issuer of mutual funds in the world and the second-largest issuer of exchange-traded funds – claimed it would roll out a new app designed with clients’ needs in mind.
Read MoreRobinhood faces fallout from data breach that affected millions
/Trading app Robinhood – which earlier this year faced scrutiny over its GameStop trading halt – is now reeling from the consequences of a data breach that exposed the names or email addresses of more than seven million people.
Read MoreGreenlight, a financial platform for families, launches investing tools for parents
/Greenlight, a fintech firm that offers a debit card and personal finance tools for kids, is launching a new offering to help parents learn how to invest and set up portfolios.
Read MoreTD Bank launches US robo-adviser
/TD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.
Read MoreBank of America’s Life Plan feature gains more than five million users
/Bank of America announced that Life Plan – a digital financial planning tool it launched a year ago – has crossed five million users, calling it the company’s “most rapidly adopted digital feature of all time.”
Read MoreRobinhood popularity takes a hit after meme stock fad fades
/Activity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.
Read MoreRevolut to roll out stock trading for US customers
/Revolut, the U.K.-based challenger bank with a global footprint, will roll out commission-free stock trading capabilities for U.S. customers in an effort to compete with the likes of Robinhood, Public, and SoFi.
Read MoreAI-supported asset manager Pagaya to go public via merger with SPAC
/Pagaya, an American and Israeli fintech firm that uses artificial intelligence (AI) to manage institutional money, is going public through a merger with special purpose acquisition company EJF Acquisition Corp.
Read MoreMoney transfer firm Wise launches index investing feature in beta
/Money transfer giant Wise (formerly TransferWise) – which went public in July and boasts a market capitalization of more than $14B – is expanding its wings beyond payments and testing investing products for its U.K. customers.
Read MoreAcorns reaches out to veterans to kick off underserved customer strategy
/Banking and investing app Acorns is waiving subscription fees for veterans in an effort to reach more underserved customers.
Read MoreHuman Interest rides a pandemic wave of interest in small-business 401(k)s
/Human Interest, a San Francisco-based startup 401(k) provider, claims to “launch a retirement plan in minutes and put it on autopilot.”
Read MoreRobinhood shares surge as investors give it ‘meme stock’ status
/Shares of trading app Robinhood, which gained notoriety earlier this year by enabling retail investors to pump up so-called meme stocks including Gamestop and AMC Entertainment, are surging a few days into its launch on the Nasdaq.
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