Robo advisors

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.


BofA considering subscription model for Merrill Edge


The offering would mirror a similar move by Charles Schwab to offering clients a new pricing plan for its robo service.


Digital banking's No. 1 risk: Losing the human touch


Whether it’s applying for a loan through a mobile app or building an investment portfolio via robo adviser, users want to know they can quickly and easily speak to a human being if they run into problems, top executives said at American Banker’s Digital Banking conference this week.


This fintech says it can help financial advisers take on banks


Galileo Processing has created a digital banking product that seeks to provide wealth managers with the offering they generally lack: an in-house savings account that pays competitive rates.


Goldman Sachs plans wealth product aimed at mass affluent


The investment platform, which is in the early stages of development, will be part of Marcus, the consumer bank Goldman launched in 2016.


SigFig makes digital advice the centerpiece of new platform


The system is designed to help banks deliver more personalized financial advice and is meant as a challenge to traditional bank technology vendors.


Banks try new tools to learn what doesn't click in digital


Page views and sales results don't explain which customers do what, and why they do things (or don't do them), in online and mobile banking.


Options-trading fintech wins backing from big and small banks


Gatsby, which has built an app to let novice investors buy puts or calls, has received funding from Barclays, Radius Bank and others. Radius is considering offering the service to its customers.


EU fines Mastercard; Why climate change worries BofA


The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.


10 ways technology will change banking in 2019


The coming year will bring a wave of data-sharing deals between banks and fintechs, increased bank use of automated advice, marked changes to financial jobs as a result of automation, and much more.