FINANCIAL PLANNING

1. Morgan Stanley sued for failing to wipe client data from old computer equipment

By Ryan W. Neal 2 min read

Current and former clients claim personal information, including Social Security and passport numbers, have been exposed due to negligence. Read More →

FINANCIAL PLANNING

2. Financial services’ cybersecurity spending jumps 15%, survey finds

1 min read

The pandemic and work-from-home arrangements are probably spurring larger budgets. Read More →

AMERICAN BANKER

3. Google teams with more banks in offering digital accounts

By Penny Crosman 1 min read

Five banks, including BBVA USA and BMO Harris Bank, and one credit union will begin offering Google-branded bank accounts in 2021. Read More →

HOT MIC

Bringing incumbents up to speed in a digital age

Q: What changes has technology brought to wealth management over the past 5 years?

A: “It used to be, who’s going to [own] the platform. Now, with the open APIs, it’s really about figuring out the ecosystem. What’s that best-in-breed [technology] that you want to partner with in the market?” says Capco Partner Bryant Fuller.

Get the whole conversation →

Raising Capital

Investors 'double down' on Remitly, driving value to $1.5B as coronavirus propels mobile remittances

By Michael Moeser 4 min read

Remitly has raised $85 million in its latest fundraising round, valuing the company at $1.5 billion as the COVID-19 pandemic drives consumers to increasingly send remittances digitally. Read More →

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