Technology

The robo advisor for socially conscious investors will benefit from becoming part of the largest U.S. bank, but "we also want to maintain the dynamic ... that made OpenInvest what it is," one of its co-founders says.

An initiative among EU nations called Project Jura focuses on financial institutions as the users of central bank digital currencies, removing variables that could slow testing and deployment.

The deal follows JPMorgan’s recent takeover of 55ip, a fintech that focuses on helping investors cut their tax liabilities.

The bank is forming a joint venture with Fiserv to promote digital payments. It's a market that has evolved substantially — and become far more competitive — since Deutsche left it in 2012.

The company’s Tap to Phone technology exists in 30 countries. Visa is piloting the program in the U.S. with a six-city campaign that brings discounts, offers and grants to Black-owned small businesses.

Dozens of digital tools are billed as democratizing finance. But a number of entrepreneurs still see massive gaps.

The now-defunct neobank was famous for its ability to help customers ensure their balances were adequate to cover upcoming bills or savings plans. Digit and others have started offering their own variations on this feature.

Fed Vice Chairman for Supervision Randal Quarles says the benefits of a central bank digital currency are “unclear,” and that a digital dollar could actually “pose significant and concrete risks.”

The government helped the gas pipeline operator recoup some of the funds it paid to cyberthieves, but that's unlikely to happen often. Banks should shore up password security to minimize risk and be willing to reject hackers' demands in the event of a breach.

The payments and digital commerce provider Payoneer and the special-purpose acquisition company FTAC Olympus Acquisition Corp. have completed their merger, allowing Payoneer to begin trading on the Nasdaq stock market.