Robo advisors

Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products.

Andy Rachleff, the fintech's CEO, discusses the digital bank it's developing and the concept of "self-driving money."

The startup with a namesake app is already attracting young investors and has been in talks with banks about partnerships.

More digital competition, tougher tech choices and a completely new generation of customers are just some of the challenges facing bankers in the near future.

The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.

Bankers are disputing upstarts' claims customers don't like them, noting progress that traditional institutions have made in recent years.

Wealthfront could roll out a debit card, automated bill pay and direct deposit in early 2020, Chief Executive Andy Rachleff said.

Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.

A new partnership will let some community banks and credit unions roll out robo-advice platforms without a significant investment of their own.

Software creates a portfolio for bank customers that could be designed to support, say, efficient energy sources or refugees and avoid investments clients consider objectionable.

A combination of mutual and clashing interests has driven many players — credit unions, big banks, community banks and fintechs — to offer high-interest, digital-only savings and checking.

A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking.

In addition to launching an automated investing app, the bank created a dedicated adviser unit to provide personal service to customers when they need it.

Despite the growth of digital advice, there's resistance to the business inside banks because of internal politics and a lack of data sharing, the company's CEO says.

Traditional players are getting innovative, and upstarts are becoming more sophisticated. The survivors will be companies that offer consumers an array of easy-to-use services, a venture capitalist says.

United, which helps retirement-age savers find the best ways to manage their wealth, is Capital One's answer to a flurry of similar deals made by rivals.

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision not to hire Andrea Orcel if he sues.

Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services.

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.