On Finovate.com

• Blackhawk Network Acquires Grass Roots for $118 Million

• FutureAdvisor Brings RoboAdvisory to U.S. Bank Wealth Management

Around the web

• Avoka reports record levels of orders for fiscal 2016. Join Avoka in New York for FinovateFall 2016 next week.

• Financeit earns spot on the TechVibes’ Fintech Five.

• Chain CEO Adam Ludwin warns against “blockchain hype” on Fortune.com.

• Narrative Science teams up with Franklin Templeton Investments to bring Quill technology to their fund commentary process.

• SmartyPig switches to Sallie Mae Bank to enable partial withdrawals, direct deposit, and to offer a higher interest rate.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.