Edward Jones and American Funds: A revenue sharing alliance
Article Legend has it that the close relationship between Edward Jones and American Funds began on a St. Louis bench with a meeting over hot dogs, Coca-Colas and a view of the Mississippi River. Processing Content On that day in the late 1960s, E. Graham Holloway — an American Funds Distributors icon nicknamed the “Billy […]
Goldman Sachs invests $50 million in Kashable
Kashable Scores $60 Million in Venture Capital, Led by Goldman Sachs Alternatives Kashable, a leading fintech company that offers employee benefits, has successfully raised $60 million in a Series C funding round. The majority of the funding, $50 million, came from Goldman Sachs Alternatives, confirming the industry’s increasing interest in profitable fintech companies. Investment Details […]
How AI is quickly overhauling one segment of SBA lending
Small Business Administration Lenders Leveraging AI to Speed Up Loan Origination Small Business Administration (SBA) lenders, such as Live Oak Bank, are leveraging artificial intelligence (AI) to expedite the loan origination process. By incorporating automated origination platforms, these financial institutions are aiming to cut down loan origination times for smaller loans to as little as […]
Digital saturation point near
A Shift to Digital: The New Frontier in Australian Banking Recent analysis by the Australian Banking Association (ABA) reveals a significant shift in the way banking services are accessed in Australia. Their report, titled ‘The Contribution Gap: Tax and regulatory imbalances in the digital age,’ indicates that a staggering 99.3% of customer interactions with banks […]
U.S. Bank marketing chief: Brand refresh conveys ‘we’ve arrived’
U.S. Bank’s Brand Refresh: A Story of Growth and Inclusivity U.S. Bank, a Minneapolis-based lender with $700 billion in assets, has undergone a significant transformation in recent years. Chief Marketing Officer Michael Lacorazza points out that while the bank has grown in size and capabilities, it still maintains its friendly, Midwestern roots. This ethos of […]
NBFI oversight ‘no longer adequate’, say BdF economists
French Economists Call for Closer Supervision of Non-Bank Financial Institutions An incisive study by economists from the Banque de France (BdF) has made a compelling case for the need for more robust oversight of non-bank financial intermediaries (NBFIs) in France. The findings, which were published on April 27, are based on a recent stress test […]
Cetera merges employee firms to form $19B RIA
Cetera Financial Group is taking a significant step forward by merging two of its existing divisions, Avantax Planning Partners and The Retirement Planning Group, to create a new Registered Investment Advisor (RIA) named Cetera Planning Partners. The newly formed firm will consist of over 100 advisors and manage approximately $19 billion in assets. This consolidation […]
Morgan Stanley hit with lawsuit over website tracking
Wealth management firms are currently under the spotlight as a number of lawsuits pile up, accusing them of allegedly permitting third-party companies like Google and Microsoft to equip their websites with tracking software. This software is allegedly used to harvest user data that is then used to target site visitors with tailored advertisements. Morgan Stanley […]
Invisible links, visible losses: Mapping the hidden dependencies in retail banking
The fintech industry has dramatically transformed the way we handle our finances, from spending and saving to borrowing. However, behind the sleek, user-friendly interfaces of these apps lie a complex network of data that often goes unnoticed. The seemingly seamless customer experience is underpinned by a series of interconnected services, each with their own potential […]
Banking Associate – Quakerbridge (20 hour)
Banking Associate Role at TD, Mercerville, New Jersey TD, a globally recognized financial institution and the fifth-largest bank in North America, is actively seeking to fill a Banking Associate position at their Mercerville, New Jersey, branch in the United States of America. This role offers an engaging opportunity to serve as a professional in banking […]