FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Betterment Attributes App, Site Crash to ‘High Volume,’ States Accounts Were Secure

Grace NotobyGrace Noto
February 6, 2018
in Payments
Reading Time: 2 mins read
0
Share on Facebook

EXCLUSIVE—Roboadvisor investment firm Betterment experienced service interruptions yesterday when customers flocked to its site and app after the Dow fell more than 1,500 points.

The firm has attributed these interruptions to “particularly high volume,” according to a statement the company sent Bank Innovation.

Betterment said in the emailed statement:

Due to particularly high volume, clients experienced log-in issues for approximately thirty minutes this afternoon. Accounts were secure throughout and portfolio management activities like rebalancing and tax loss harvesting continued. These issues have been resolved.

Betterment’s site appears to be running normally at the time of this reporting, but yesterday’s thirty-minute crash led to many frustrated customers, Twitter indicated, as Bank Innovation previously reported yesterday.

While company also notes that customer accounts were ‘secure’ during this period, that might be poor comfort for consumers who were locked out of their accounts as they watched the stock market strip money from their portfolios.

Betterment was not the only roboadvisory service to experience issues yesterday—Wealthfront customers also took to Twitter to vent their feelings.

Additionally, the company’s status as a roboadvisory firm, which relies more on automation than human guidance, means that its clients do not expect always and immediate service, according to persons with knowledge of the matter.

While the “high volume” led to log-in issues for Wealthfront and Betterment, rival online investment service Stash—a service which allows users to begin “micro-investing” in stocks with a minimum of $5—wanted to make sure its customers knew it was still up and running, tweeting:

Business as usual today. All Stash services are online and running normally.

— Stash (@Stash) February 5, 2018

To learn more about roboadvisors, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.

Tags: bettermentExclusiveonline investingroboadvisorsStashTwitterWealthfront
Previous Post

SEC, CFTC Talk Cryptocurrency and ICO Risks Before Senate Banking Committee

Next Post

SME Accounting Firm Xero Partners with Stripe to Enable ACH Payment Option

Related Posts

(CourtesyBenjamin Girette/Bloomberg
Payments

Global head of Spring by Citi: Agentic commerce readiness markers

August 14, 2026
RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
Next Post
pexels.com

SME Accounting Firm Xero Partners with Stripe to Enable ACH Payment Option

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account