In my last post Personalized Service in the Digital World, I discussed the so-called “Robo-advisors”—the new breed of technology-driven online investment advisors—and how they are changing the competitive landscape, whether or not traditional advisors like it or even realize it. I recently attended Money2020 in Las Vegas to hear directly from some of the “Robo-advisors” themselves. […]
FinTech
Personalized Service in the Digital World
Since my Sept. 18 post in the Investment News techconnect blog, “Financial technology trends advisers can’t afford to ignore”, I have been in a number of conversations about how a new crop of web-based investment management/financial planning services are affecting the industry. Opinions have run the gamut from, “Advisers are toast, everything is moving online,” to […]
From Transactions to Relationships: Innovation’s Next Horizon
There has never been a better time for innovation in financial services, yet most financial institutions struggle to build lasting, profitable relationships with their customer base. New ideas abound, yet actually implementing those new ideas, let alone realizing their financial promise remains elusive. It was the best of times, it was the worst of times, […]
Bank Innovators Council Launch Party
Last week during Finovate Fall 2013 we launched the Bank Innovators Council. More than 75 bank innovators, entrepreneurs, CEOs, bloggers and industry analysts joined us on a Manhattan rooftop to celebrate the launch of the first organization designed by bank innovators for bank innovators. We are proud to be creating a platform to bank innovators do together […]
Finovate Fall 2013 Best of Show Winners
Finovate Fall 2013 wrapped up a whirlwind two days of FinTech innovation in New York on September 10 and 11. Eight of the 69 presenting companies were voted Best of Show by those in attendance. Five of those eight winners had direct or indirect applicability for the investing/financial planning/wealth management space (LearnVest, MoneyDesktop, Motif, TipRanks and Yodlee). Rising Above a […]
Scaling Financial Advice and Collaboration in a GPS World
We live in a real-time traffic, turn-by-turn directions, GPS world. Why do financial institutions still hand out the equivalent of gas station maps? I hear from many financial institutions that creating financial plans for their clients is an important goal, in fact some have goals to provide financial plans to all or a significant percentage […]
Too Small to Fail: The Partnership Driven Nature of FinTech Startups
Too small to fail: The partnership-driven nature of fintech startups (via Pando Daily) By Houston Frost On May 22, 2013In the last quarter-century or so that has made up the digital revolution, one universal axiom has held true: evolve or die. Record labels were too busy suing pirates in the 1990s to adapt their business […]
What About the Overbanked?
I spent a great couple of days in San Francisco this week hearing from 72 FinTech companies at Finovate, stay tuned for my unique recap and thoughts from the largest Finovate ever. As usual, there were several companies focused on improving access and service to the so-called underbanked– those who are priced out of traditional […]