A recently uncovered blunder caused a $600 million longtime client to walk away from Wells Fargo, after it increased investment risk on a flagship conservative retirement plan. The financial company’s signature stagecoach may be breaking down … perhaps they should trade it in for a self-driving car? Though that could depend on the Waymo vs. Uber trial this week!
Shifting to blockchain news, Ripple’s popularity in fintech shows no sign of fading, despite the XRP token’s decline in value. Banco Santander announced the distributed ledger technology’s debut in the personal payments space. What’s next for the current cryptocurrency industry darling?
The latest development in robo advisors involves some of the largest financial firms creating products in-house instead of white-labeling third-party software. Regaining customer control, building on recently strengthened mobile and digital services and an increasing ease of hiring internal technology teams led to the change. Will it help attract the B2B customers banks are seeking?
