Wells Fargo’s New RoboAdvisor is Targeting First-Time Investors
Wells Fargo is going after first-time millennial investors with its new hybrid roboadvisor, Intuitive Investor. The product, which will be...
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British Neobank Monzo Raises $93M in Funding
British challenger bank Monzo has raised $93 million, or £71 million pounds, in new funding for further investment into its...
Japan’s Mega Banks to Cut 33,000 Jobs
Japan's Mizuho Bank announced that it will cut 19,000 jobs by 2027. Two other major Japanese banks, Mitsubishi UFJ Financial...
Nordea’s Massive Job Cut Is Not the Last of Its Kind for the Banking Industry
Nordea Bank AB’s massive job cut is just the beginning of what might become of the banking industry, according to...
Australian and Swiss Regulators Partner to Promote Cross-Border Fintech Innovation
The Australian Securities and Investments Commission (ASIC) and Swiss Financial Markets Authority (FINMA) have partnered to promote cross-border fintech innovation....
Can APIs Help Banks Avoid Becoming Simple ‘Deposit-Holders?’
EXCLUSIVE—If banks want to remain a large, foundational part of the future financial system, they’re going to have to start...
PFM App Credit Sesame Raises Money for Robo-Adviser Capabilities
PFM startup Credit Sesame has raised over $42 million in funding to expand its robo-adviser capabilities, among other things. Investors...
Startup Finspace Launches Novel Banking Infrastructure Tool
EXCLUSIVE - It is not everyday that a new tool for banking at the infrastructure level is introduced, but that is...
Marcus Is Still Small, But Looms Large in Goldman’s Future
EXCLUSIVE- Marcus, the lending platform launched a year ago by Goldman Sachs, is not yet bringing in real financial returns,...
Legacy is Not an Innovation Barrier — But Data Is, Microsoft Says
EXCLUSIVE- "Legacy" is a bit of dirty word when it comes to banking innovation, but some companies, like Microsoft, are...
