Fintech regulations

How technology could continue to disrupt financial planning.

More than a decade ago, bankers fought Walmart tooth and nail as it made forays into banking. But with Amazon making more moves into financial services, the reaction is very different.

To protect their practice, advisors should know the answers to several critical questions about how vendors use and safeguard their data.

Planners must make accurate disclosures about their service models, says the regulator.

Stepping in after co-founder Mike Cagney's resignation, Twitter's Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.

Compliance and technology hurdles have snarled firms’ efforts to address a longtime gripe.

Large wealth managers and banks will spend more on blockchain and AI in the coming year, and appear willing to explore new technology partnerships.

Digital advice is vulnerable to bait-and-switch and choice manipulation schemes.

Most of the barriers protecting wealth management from tech competitors have been chipped away, executives say.

"Data analytics is critical," says FINRA's chief risk officer.

Some advisers are actually embracing changes by making the rules work for them.

Amazon's Jeff Bezos has the distribution to potentially disrupt financial services, says Riskalyze CEO Aaron Klein.

RIAs using digital platforms will face scrutiny about disclosure and client communications.

In a fiduciary world, well-designed digital advice will outperform humans, argues a UPenn legal expert.

Access to banking information ensures advisors can perform holistic planning, fintech firms say.

In a nod that digital advice is here to stay, the agency updates its directions on how to ensure compliance, along with tips for evaluating the growing number of services.