In one of the first big fintech acquisitions of the year, Wealthfront has agreed to be acquired by global investment bank and financial services company UBS. Valued at $1.4 billion, the all-cash deal represents a premium of at least 2x on Wealthfront's ...
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01/27/2022

By David Pennon 2022/01/27 14:38 -0500

In one of the first big fintech acquisitions of the year, Wealthfront has agreed to be acquired by global investment bank and financial services company UBS. Valued at $1.4 billion, the all-cash deal represents a premium of at least 2x on Wealthfront's most recent private market valuations, and underscores UBS's determination to attract younger, high net worth American investors.

In a blog post at the Wealthfront website, company CEO David Fortunato called the acquisition a “strategic...

By David Pennon 2022/01/27 14:27 -0500

Making its Finovate debut nearly seven years ago (as 3E Software), Teslar Software has become a valued strategic partner for community financial institutions across the United States. The firm's portfolio management solutions aggregate and automate both lending and deposit operations into a single system, enabling them to scale and enhance processes throughout the institution.

Just this week, the Springdale, Arkansas-based company announced its latest partnership, teaming up with...

By David Pennon 2022/01/26 15:12 -0500

San Francisco, California-based finech Brex, which offers enterprise solutions from business accounts and credit cards to spend management tools, is partnering with password manager 1Password to streamline and better secure online payments.

Courtesy of the new integration, consumers will be able to complete online payments faster and more securely by automatically syncing customer data stored in their Brex vaults with 1Password. This will ensure users have access to the most up-do-date...

By David Pennon 2022/01/25 18:28 -0500

Courtesy of a new offering from Miami, Florida-based digital banking and lending platform Milo, investors can leverage the world's newest source of value to finance a purchase one of the world's oldest. The company recently announced that it is offering the world's first “crypto mortgage” – enabling digital asset holders to use their crypto to help them buy real estate in the U.S.

The program is available to both U.S. and international investors who are seeking to use their Bitcoin...

By David Pennon 2022/01/24 17:05 -0500

At its most basic, a metaverse is a three-dimensional virtual universe that combines augmented and virtual reality with social media technology to create a simulated digital environment.

For some in the digital space, especially video gamers, the idea of the metaverse is easy to understand. Whether it is the (often) mild-mannered virtual spaces of the simulation-based games or the action-packed digital worlds of RPGs and shooters, the idea of adopting a persona and entering a universe...

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