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Wealth Management Tech Platform Addepar Acquires RCI to Assist Clients with Making More Informed Investment Choices
Addepar has acquired Real Capital Innovation to offer its clients tools to model and analyze portfolios in a forward-looking way.
Citigroup profit beats, but shares dip on higher costs, weak revenue
Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday, beating market expectations but failing to draw Wall Street approval.
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How New Tech Can Help Wealth Management
Wealth tech companies need to find ways to simultaneously increase operating margins while also improving client experience.
Digital banks gain U.S. customers during pandemic, thanks to early deposits
Digital banks including Chime, Varo and Current have won over more U.S. customers during the pandemic by processing stimulus payments quickly.
Plaid without Visa? It might be a blessing in disguise
Visa’s agreement to acquire Plaid kicked off 2020 last January by validating fintech’s blockbuster value, and was followed by a flurry of M&A activity
Profitability ‘a challenge’ for advice tech businesses
Despite a booming broader fintech industry, businesses centered around wealth and advice are struggling with profitability and scale.