News Topic: Acorns
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Banks should welcome fee-busting AI, fintech says
Cushion uses AI to help consumers negotiate refunds of overdraft and other fees. But it argues there's a bank play in its technology if bankers take the long view. ... Read full article
Shop at Amazon, get its stock: Stash's new debit rewards idea
A new feature from the microinvesting app Stash allows users to accumulate free stock in the companies where they spend money. ... Read full article
Small banks warned not to over-rely on fintech partnerships
Building alliances with startups is the most affordable route for community banks that want to offer innovative services, but industry officials cautioned that they must be balanced with smart internal investments, too. ... Read full article
Acorns co-founder Walter Cruttenden launches savings app Blast
It ties checking accounts and cards to gaming and other apps to provide automated savings. ... Read full article
How much is too much?
“I’m perennially scared of overwhelming our customers,” Acorns CEO Noah Kerner says at the InVest Conference. ... Read full article
Keep financial services brands laser-focused, Acorns CEO says
The mobile microinvesting company offers five basic products because it wants to be known for helping customers manage saving and spending — and that's it, Noah Kerner said at In|Vest. ... Read full article
Digital banking and robo-advice converge in race for assets
Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts. ... Read full article
Four companies driving the bank tech discussion, with only one a FAANG
Facebook, Apple, Amazon, Netflix and Google garner so much attention that they have their own collective shorthand, FAANG. But it was a mostly different set of companies, including Starbucks and Acorns, that were top of mind this week for their financial ... Read full article
BlackRock's savings app gambit: Build it, or millennials won't come
There's no reason that today's millennial-friendly microinvesting apps can't switch focus from spare change to real assets, industry executives warn. ... Read full article
Saving money is not a game (but it could be)
One fintech has a new twist on gamification — tie savings contributions to achievement in the most popular games. ... Read full article
Fed issues guidelines for bank boards; The problems with the CFPB
Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable. ... Read full article
Acorns locks up retirement savings capability with Vault deal
Adding retirement accounts broadens the app's offerings to millennial clients. ... Read full article
Wells, JPM go mobile-only in pursuit of millennials
The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition. ... Read full article
Microinvestor steps into neobanking clique
Stash is the latest young fintech to pair debit and savings products with financial advice as it competes for millennial clients. ... Read full article
