Funding Circle and LendingRobot are announcing a partnership this week that will bring automated robo-investing to Funding Circle's small-business lending marketplace. The partnership marks the first time LendingRobot has taken its automated approach to peer-to-peer investing into the small business market.
Using nontraditional data sources, including unstructured data, online lender Credibly is launching a small business lending model designed to dynamically change as its borrowers grow.
Bank of America Merrill Lynch may unveil its own in-house developed robo-advisory offering as early as next year. The firm has reportedly assigned dozens of employees to work on an automated investment prototype for Merrill Edge that targets accounts of under $250,000, according to Bloomberg.
US Bank is expanding an online expense analysis and reporting tool to retail customers.
BlackRock has launched a new tool called iRetire to help financial advisors shift the goal of preparing for retirement from creating a nest egg to planning retirement incomes. iRetire leverages proprietary BlackRock technology, including the firm's CoRI retirement income indexes and risk analytics from its Aladdin platform.
Running computationally intensive data models has always been a core competency of financial risk departments. Data analytics startup Alpine Data says it is working with financial firms to move that competency from back-end risk to client-facing services, including putting it in the hands of 16,000 wealth advisors at one large financial firm.
Man AHL, a quantitative hedge fund manager that is part of Man Group, is mixing gaming and recruitment in a coder competition that challenges entrants to write an algorithm to solve a 1980s game. The...
CME Group will offer startups free access to historical futures and options data through the nonprofit FinTech Sandbox. The partnership makes CME Group a key data partner in FinTech Sandbox's efforts to support financial technology innovation by providing free resources to startups.
Confluence, long a provider of mutual fund performance reporting tools, is extending services into institutional portfolio reporting and analytics with the launch of its latest product, Unity Performance & Analytics.
Intercontinental Exchange has agreed to acquire market data and analytics provider Interactive Data Corporation (IDC) for $5.2 billion in cash and stock. IDC reportedly attracted interest from Nasdaq OMX Group, Markit Ltd. and private equity firms since filing draft registration late in the summer for a potential initial public offering.