Automated investing

Digital firms are launching platforms to cater to faith-based investors.

The deal will accelerate the firm’s digital-heavy client strategy, CEO Andy Rachleff said.

Regulators and observers warn there are risks to mixing show business with investment advice.

The deal comes amid a flurry of similar digital investment acquisitions made by competing banks.

Acquiring clients can be expensive. Some digital investing platforms have turned to a marketing strategy they say may present “conflicts of interest.”

Newday’s tools include content centered around clients’ issues of focus and, soon, a corn-based compostable debit card.

ESG-focused Swell Investing wasn’t able to gain “necessary scale,” according to the firm.

The bank is taking a cue from FANGs and using data to personalize clients’ experience.

The fintech raised $323 million and is expanding trading of cryptocurrency.

After almost a decade of competing for digital advice assets, new banking offers have the firms going toe-to-toe again.