Feature Friday: Sweep Accounts for the Mass Market

Does anyone remember when sweep accounts were all the rage? They were disruptive technology in the 1980s. The idea was to automatically sweep idle cash from non-interest bearing accounts to savings or investment accounts with higher yields. It’s still a core feature in treasury management accounts for large businesses, but you don’t hear much about it these Read more…

Feature Friday: Editing Transactions in Online/Mobile Banking

One basic feature missing from most online and mobile banking services is the ability to edit/annotate transactions. Some banks, BMO Harris for example, support transaction and/or category editing in their PFM modules. But it’s very rare to see it within basic digital banking. One exception, is BBVA Compass’s Simple banking unit. Simple allows full editing of Read more…

How it Works: Real Estate Crowdfunding at Patch of Land

While everyone else was playing Pokemon Go last month, I was doing something more appropriate for someone my age, crowdfunding a house flip in La Jolla. Amazingly, I was able to view the property and public records (Google Streetview, Bing, Zillow, Redfin, Trulia); check out the construction-cost estimates; review the revised floor plan; and check out Read more…

Quantopian Adds Chief Investment, Compliance Officers Ahead of Opening Fund to Public

Two small steps for Quantopian. One giant leap toward opening its hedge fund to outside investors. Quantopian announced on Friday that Derek Meisner (right) had joined the company as general counsel and chief compliance officer to help build what Quantopian CEO John Fawcett called a “compliance and operational infrastructure” as the company prepares to take its hedge fund Read more…

Fintech Fundings: 24 Companies Raise $560 Million Week Ending 18 Sep 2015

The money-flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. It was the eighth week this year that total fundings surpassed the $500-million mark. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio, which will be presenting its security and fraud-control Read more…