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Fintech Focus For August 6, 2020
Thursday, August 6, 2020 - 10:37am | 1812Read More...Daily Perspective: I have no special talent. I am only passionately curious. - Albert Einstein Fintech Movers: PayPal executives said society has reached an "inflection point" when it comes to the "death of cash," and noted that 70% of consumers now fear for their health when...
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Fintech Is Making It So There Are No More Swim Lanes In Financial Services
Wednesday, July 1, 2020 - 10:08am | 1025Read More...Ask enough people what the biggest trend in fintech is, and eventually you’ll start to hear a few repeated phrases. One-stop-shop. Big tech. Integration. Platform-as-a-Service. Generic as those buzzwords may be, they also hint at something that’s happening within the financial services...
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Things To Consider When Planning For Retirement
Wednesday, May 20, 2020 - 3:59pm | 1008Read More...Before the COVID-19 coronavirus became a global pandemic, markets were in an unrelenting uptrend. However, soon after world governments began introducing stay-at-home orders, forcing the closure of non-essential businesses and unemployment of millions, financial markets experienced a historic...
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Webull Leverages Crisis To Spur Innovation, Financial Wellness
Wednesday, May 6, 2020 - 5:01pm | 913Read More...Last week, 3.8 million filed for unemployment benefits, bringing America’s total claims number to over 30 million. It's a result of the mass layoffs and business closures brought on by the coronavirus pandemic. Despite the global economic shutdown causing many businesses to...
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The Financial Wellness Industry Is Showing No Signs Of Slowing Down
Wednesday, March 11, 2020 - 11:40am | 593Read More...The proliferation of tech-enabled financial services has led to an explosion of offerings for consumers looking to get their financial lives in order. But if you think there are already too many budget apps or lending platforms, get ready for more. According to a report from research firm Arizton,...
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Morgan Stanley To Buy E*Trade For $13B
Thursday, February 20, 2020 - 8:59am | 315Read More...Morgan Stanley (NYSE: MS) is buying E*Trade Financial Corp. (NASDAQ: ETFC) in an all-stock $13 billion deal with the aim to reshape the investment bank. E*Trade will bring 5 million retail customers and $360 billion in assets and an online bank with cheap deposits that Morgan Stanley can funnel...
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Fidelity's VC Arm Leads $13M Funding Round For Settlement And Clearing Startup, Clear
Friday, February 7, 2020 - 12:43pm | 248Read More...Clear, a settlement and clearing blockchain startup, formally announced the closure of a $13 million Series A funding round, led by Fidelity International’s venture capital arm Eight Roads, alongside Telefónica’s Innovation Ventures, Telekom Innovation Pool of Deutsche Telekom,...
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Want To Ask Elon Musk A Question On An Earnings Call? Here's How
Thursday, January 23, 2020 - 5:34pm | 245Read More...Say Technologies formally announced Thursday its Shareholder Communication Platform is available for integration into partner mobile applications. The platform of tools, which allows for increased shareholder engagement and proxy voting, will be integrated and tried within the Fidelity Mobile app,...
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Reports: Charles Schwab Looking To Acquire TD Ameritrade For $26B
Thursday, November 21, 2019 - 8:34am | 299Read More...Charles Schwab (NYSE: SCHW) is looking to acquire TD Ameritrade (NASDAQ: AMTD) for $26 billion, Fox Business first reported. The deal could be announced as soon as today. In October, Charles Schwab announced it would be slashing its trading commission costs from $4.95 to zero. Brokerages like...
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Top Financial Advisors Give Their Advice On How To Approach Market Volatility
Monday, November 4, 2019 - 1:06pm | 1101Read More...“Stay the course.” That was the advice from both Fidelity Investments Senior Advisor Jennifer Uhrig and The Colony Group Vice-Chair and Principal Bob Globsky on how financial advisors and their clients should deal with the constant ebbs and flows of the market. Speaking at the 2019...
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Fidelity CEO Abigail Johnson: 'We've Been Anticipating' Zero Commissions
Friday, November 1, 2019 - 12:05pm | 653Read More...The rapid succession in which the major brokerage firms eliminated trading commissions in early October sent a shockwave through the market. But according to Fidelity CEO Abigail Johnson, the move was a long time coming. “There's a big secular cycle in our industry where we are in a...
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The Head Of Fidelity Institutional Outlines The 4 Macro Trends Taking Over Financial Services Right Now
Tuesday, October 29, 2019 - 11:35am | 1226Read More...For much of the 20th century, changes to the financial services industry could be measured in geologic time. This all changed with the rise of fintech, which massively accelerated the rate of growth across financial services and changed everything from the way we invest, to the products we invest...
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Fidelity Will Now Be Commission-Free
Thursday, October 10, 2019 - 8:19am | 443Read More...The price wars are heating up in the online investment space. More than a week after Charles Schwab Corporation (NYSE: SCHW) announced it would eliminate commissions on online trades, Fidelity Investments adopted the same strategy for its 21.8 million accounts. Fidelity will no longer charge its...
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Ethic Wants To Make Your Pocket And Conscience Green
Thursday, October 3, 2019 - 10:25am | 422Read More...Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is Ethic, an asset management platform for sustainability-focused wealth advisors and institutional investors. Background Founded in 2015, Ethic delivers...
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Schwab Ends Commissions, Brokerage Stocks Tank
Tuesday, October 1, 2019 - 11:00am | 476Read More...Charles Schwab Corporation (NYSE: SCHW) announced it's eliminating stock trading commissions, sending its shares tanking along with the stocks of its competitors. On Tuesday, Schwab said users will no longer pay $4.95 per trade for trading stocks and ETFs on its platform. Option trades will...
