American Banker: Banks Continue To Embrace Robo Advisers (Even If Customers Don’t)

About a year ago, the digital investment products team at Citizens Bank noticed that several fintech providers of robo advice had introduced high-yield cash accounts.

Citizens’ takeaway: Most of these were companion accounts, with little or no integration between the cash and investment sides. The Providence, R.I., bank decided that instead of introducing a product where rate hoppers would go for the best return, it would build a digital adviser that tied together both cash and investing, in a bid to reach customers who were banking but not yet investing with them.

View full article in American Banker.

RELATED POSTS
Omni channel technology of online retail business.

Rhode Island Inno: This Rhode Island collective combines child care, workspace and gym

May 14, 2022
The pandemic was a seismic shift for everyone, but for many parents now having to juggle childcare, schooling and work from home it was an overload. As many parents found...
Telecommunication network above city, wireless mobile internet technology for smart grid or 5G LTE data connection, concept about IoT, global business, fintech, blockchain

Rhode Island Inno: Rhode Island Inno Approved: Here are the May events you need to know about

May 11, 2022
We at Rhode Island Inno have established a curated calendar of statewide goings-on we think readers will enjoy — all in one spot. They range from networking events to innovation...

Be a community partner in the 4th industrial revolution.

Learn More

US Tech Future is a Verizon-led community-focused initiative working to engage the local community in a discussion about technology and how it can improve the lives of local residents for their benefit and the benefit of the community as a whole.

Our mission is to engage with citizens and community stakeholders in USA to provide information on how technology can work to have a dramatic impact on the way we work and live in our communities.