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

Wealthfront unveils new tech to automate money movement

Yodlee is leveraged for automatic transfers

Bianca ChanbyBianca Chan
February 8, 2021
in Payments
Reading Time: 2 mins read
0
Share on Facebook

Wealthfront has revealed a handful of new integrations that push the company closer to achieving its mission of “self-driving money.”

The robo-advisor turned banking platform has expanded its tech stack to support the automatic transfer of excess cash to a wider range of investment accounts. Wealthfront automatically transfers money either from an internal Wealthfront cash account or external checking account using data aggregator Yodlee for integration. New accounts include individual retirement accounts and college savings accounts; Wealthfront previously only supported automatic cash transfers to internal taxable investment accounts and cash accounts.

“Expanding our transfer destinations was a big priority for us in our work to build an ecosystem that optimizes and automates all our clients’ finances,” according to Vice President Kate Wauck.

Wealthfront has planned enhancements to its Autopilot product
Image via Wealthfront

The Palo Alto, Calif.-based fintech, which was founded in 2008, has more than 400,000 customers and has raised $204.5 million to date, according to the company. Currently, Wealthfront has more than $23 billion of assets under management.

Next up, the fintech this year is looking to build out integrations to a greater number of investing and savings accounts, giving customers the ability to transfer excess cash to multiple accounts at once; these new integrations will prioritize accounts based on individual goals. Wealthfront is also working to speed up money movement to allow for same-day investing; currently it takes multiple days for clients to initiate a transfer and invest the fund in the market, Chris Hutchins, head of financial automation, told BAN during the Banking Automation Summit in November.

Wealthfront’s ultimate goal is to automate all client finances, a vision the fintech calls “self-driving money.” So far, the company’s mission is built on the ability to monitor outside checking accounts and internal Wealthfront accounts, and automatically move money when the account exceeds the client’s prescribed balance. Customers can also automatically pay bills through the service.

Bank Automation Ignite, taking place April 13-14, 2021 as a virtual experience, is the event for inspiring automation initiatives and investment in financial services. Formerly the Bank Innovation Ignite conference, this new focus creates an event where financial services professionals can discover new use cases and technologies that are accelerating automation in banking. Learn more and register for the event at www.BankAutomationIgnite.com.   

 

Tags: PremiumWealthfrontYodlee
Previous Post

Deloitte: Risk management looks to automation in 2021

Next Post

Listen: How Sunrise Banks shifted its culture through automation

Related Posts

Payments

Austin tech leader, Capital Factory CEO Joshua Baer dies in plane crash

June 18, 2026
(Courtesy/Bloomberg)
Payments

Europe fights to loosen America’s grip on payment systems

June 16, 2026
Courtesy/Canva
Payments

Swift names Michael Manos chief information officer

June 16, 2026
Next Post
Image by Pixabay

Listen: How Sunrise Banks shifted its culture through automation

Stay Informed with Our Newsletters

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

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

Hiding in Plain Sight: How to Use Data to Spot Consumer Accounts Being Used by Small Businesses

November 10, 2025

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

 [wt_cli_manage_consent]

Connect

twitter linkedin 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