Interactive Brokers is going to be integrating its clearing, custody, and execution services with Martsone’s digital wealth platform. Mobile banking startup N26 raised $300 million in a Series D funding round. United Capital Financial Advisers introduced a new mobile app to enable their clients to monitor their financial plans and communicate directly with their advisors. Plaid is acquiring its competitor Quovo for $200 million.
Electronic trading giant Interactive Brokers announced on Wednesday that it is working with Marstone, a digital wealth platform provider, to launch a new turnkey wealth management solution. Interactive Brokers is going to be integrating its clearing, custody, and execution services with Martsone’s digital wealth platform.
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Mobile banking startup N26 announced it surpassed 2.3 million customers and raised $300 million in a Series D funding round. Although it may not be a household name in the U.S., that could soon change as the bank announced plans to launch its mobile banking product here in the first half of 2019. It already has a New York-based subsidiary in place, in preparation for its launch.
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United Capital Financial Advisers has introduced a new mobile app that allows clients to monitor their financial plans and receive updates and communicate directly with their advisors. The app includes all the capabilities of the advisory firm’s web-based client portal, GuideCenter, that was launched nearly two years ago, with the goal of improving transparency and giving clients more decision-making power.
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Plaid, which links one-quarter of U.S. bank accounts to popular fintech apps, is buying a similar data company called Quovo.
The deal is worth about $200 million, a source familiar with the negotiations tells CNBC, and primes Plaid to expand into the brokerage and wealth management arena.
Find details here.
