Investment technology

Banks' big tech spending is testing shareholders' patience


Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.


Who says bank advisers can't get along with robos?


Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.


Morgan Stanley training hundreds of digital-first advisers


They will be deployed to the branches and teach veteran brokers how to make use of the firm's new high-tech wealth management tools, the company says.


Digital investment advice spreading to regionals


Webster Bank’s partnership with the national broker-dealer LPL is a reversal of its initial opposition to robo-advisers. It is the latest regional bank to enter a market first claimed by the biggest banks.


Where fintech dollars will go in 2018


Banks plan to spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.


Another warning on bitcoin; Quantum leap


Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.


KeyBank turns to Invesco's robo-adviser for help


KeyBank is the latest to join the robo-adviser trend. Its investment services unit just announced a partnership with Jemstep, which is eager to do more such deals with banks now that it is owned by Invesco.


Tech overhaul begins to pay off for State Street


Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.


Motif gets political with values-based investing tool


The firm built a product to match the current moment, which is political, says CEO Hardeep Walia.


Ex-Scottrade execs see Asian-American, Chinese market ripe for robo advice


MarketRiders is the latest digital platform aimed at a specific minority investor community.