HSBC intends to launch a new product in 2018 to address problems they see in the automated investment market; the new product is dubbed robo-advising 2.0 by Dean Butler, HSBC’s head of retail wealth; it will provide holistic financial advice and will eventually include recommendations for other products such as pensions and insurance. Source
SoftBank-backed Greensill suffers raft of client defaults MoneyGram CEO Says It’s been a “Quiet Quarter” when it comes to Firm’s...
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his latest quarterly investment results; Renton earned an overall 5.01% return for the 2017 calendar year with his investments in LendingClub, Prosper, P2Binvestor, Peerstreet, Streetshares, AlphaFlow, Money360 and YieldStreet. Source
For example, PayPal added 120 million new customers over the past two years, to bring its total user base to 426 million. Last year, it used incentivizing customer acquisition tactics, such as cash rewards upon signing up, to a much greater extent than ever before, according to its CFO John Rainey.
Sources say that the digital bank Monzo will announce their US launch plans today; Monzo has seen a lot of...
Checkout technology platform Bolt has raised $50mn in a series C funding round; the Series C financing was led by...
Pix is a constantly-evolving product, with new features being recurringly rolled out. What is next for Pix this 2023?
SoFi is the first publicly traded fintech to report earnings and it was a strong report with revenue, profit and member growth.
Yesterday the House overwhelmingly passed a relief bill that, among other things, will provide a much needed top up of...
SoftBank’s Vision Fund soared with tech stocks but is being battered by the tech selloff.