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Betterment launched its own fee-free, high-yield savings account with one of the best rates on the market. Envestnet announces improvements to MoneyGuide’s MyBlocks. Moody’s Analytics won the award for Best Reporting System Provider in the 2019 Waters Rankings. MoneyLion announced $160 million in funding. FlexTrade Systems’ solution FlexTRADER EMS has been certified for integration with thinkFolio. DriveWealth partners Vested Finance to give Indian retail investors digital access to the US equity markets. Betterment and Wealthfront revive rivalry with high-yield cash accounts. Swell shuts down its retail impact investing platform.

Betterment

Betterment the online investing platform and virtual financial adviser Betterment debuted a high-yield savings account, rivaling those of its online competitors. Betterment just launched its own fee-free, high-yield savings account with one of the best rates on the market: 2.69%.

Find details here.

Moody's Analytics

Moody’s Analytics, a global provider of financial intelligence, has won the award for Best Reporting System Provider in the 2019 Waters Rankings. They earned this recognition for their regulatory reporting solution.

Find details here.

FlexTrade Systems

Broker-neutral technology firm FlexTrade Systems announced that its solution FlexTRADER EMS has been certified for integration with thinkFolio, the investment management platform provided by IHS Markit.

The certification means thinkFolio clients can access FlexTRADER’s functionality which offers a customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes.

Find details here.

DriveWealth

DriveWealth has joined forces with Vested Finance to give Indian retail investors digital access to the US equity markets, reports Jane Connolly.

With its patent-pending real-time fractional share trading capabilities, DriveWealth aims to make the US stock market available to investors everywhere at an affordable cost.

Find details here.

Swell Investing

Retail impact investing platform Swell says it was “not able to achieve the scale needed to sustain operations in the current market,” and is ceasing operations Aug. 30.

Customer acquisition has been a challenge for new entrants in retail impact investing, despite market demand for accessible sustainable investing options.

Find details here.

Envestnet

Envestnet announces improvements to MoneyGuide’s MyBlocks.

Advisors interested in using MyBlocks to attract prospective clients can send custom links via email and social media, or include the link of their website, which will direct potential leads to the first portion of the a la carte financial planning application.

Find details here.

MoneyLion

Financial services company MoneyLion announced $160 million in funding, a combination of $60 million in previously unannounced funding and a $100 million Series C round, according to a company announcement. The round was co-led by Edison Partners and Greenspring Associates, with Capital One and MetaBank also making an investment.

Find details here.

Research

Betterment and Wealthfront revive rivalry with high-yield cash accounts.

The robo advice industry’s old school rivalry is back. The push for bigger client wallet share among digital advice players has seen almost every brand bolt on checking and savings accounts in the last few months.

Find details here.

WealthTech Weekly October 7, 2019

WealthTech Weekly October 7, 2019

AssetMark Financial Holdings with Canandaigua National Corporation will acquire OBS Financial. RIA in a Box expands the partnership with Riskalyze. Refinitiv partners with SigFig. Rockfleet and ActiveAllocator announce alliance. LPL Financial LLC was named a…

WealthTech Weekly September 30, 2019

WealthTech Weekly September 30, 2019

Broadridge Financial Solutions launches the Data Control Solution suite. Wealthsimple acquired a Canadian tax software company. SoFi partners with Coinbase. Titan Invest launched its retirement account offering. Fidelity Investments expands the partnership with Ethic.

WealthTech Weekly September 23, 2019

WealthTech Weekly September 23, 2019

WealthBar partners with Assante Wealth Management. HiddenLevers increase integration ties with SS&C's Black Diamond Wealth Platform. Envestnet | Tamarac partners with Syracuse. St. James’s Place Wealth Management migrated to SS&C’s solutions. Northern Trust launched…

WealthTech Weekly September 16, 2019

WealthTech Weekly September 16, 2019

PEAK6 acquires Electronic Transaction Clearing. HiddenLevers was selected by Axxcess Wealth Management. A strategic alliance of Jackson National Life Insurance Company with eMoney Advisor. Guideline partnered with Stripe. 350 advisors have recently onboarded…

WealthTech Weekly September 9, 2019

WealthTech Weekly September 9, 2019

Broadridge acquires Financial Database Services. AdvicePay integrates with Wealthbox. eMoney with Benzinga starts producing podcasts. Vestmark redesigned its website. Envestnet is working on a new feature. Trizic is rebranding and launching two new products. ScratchWorks launches…

WealthTech Weekly September 2, 2019

WealthTech Weekly September 2, 2019

Envestnet|Yodlee is a new Nacha Preferred Partner for Account Validation. Fiduciary Benchmarks has launched the Business Management Dashboard. Covr's digital platform integrates with and MoneyGuideElite financial planning software product. Facet Wealth is absorbing new clients…

WealthTech Weekly August 26, 2019

WealthTech Weekly August 26, 2019

Blaze Portfolio partners with Itiviti. Artivest partners with WM Partners. FIDx partners with Ebix Inc. BridgeMark Strategies formed a strategic alliance with Chalice Financial Network. The Grove team joins Wealthfront. CAIS launches a new product with…

WealthTech Weekly August 19, 2019

WealthTech Weekly August 19, 2019

HiddenLevers will equip AGF's business development teams. RightCapital integrates with FinFolio's investment portfolio management software. CAIS partners with Schechter. LPL Financial includes Wealthbox in its Vendor Affinity Program. Chalice launches Cyber Security Protection…