News > FinTech, Financial Services

Nearing a Highly Anticipated IPO, Uber Reports Nearly $1B in Losses For Q3
Uber self-reported nearly $1 billion in losses for the third quarter - as well as slowing growth - which will no doubt be heavily scrutinized as the ride-hailing company prepares for its heavily anticipated initial public offering in 2019. Uber's losses increased 32 percent quarter over quarter to $939 million on a pro forma basis. However, the company was anticipating
How Women Who Code is Making Sure Women Aren’t Pushed Out of Tech Jobs
You would think that holding both undergraduate and master’s degrees from Stanford (the latter in computer science) would make finding a job in tech a cinch. Facebook, Google, and the like are willing to pay top dollar for these candidates, even at the internship level. Not so for Kate Heddleston. Heddleston is currently an engineering manager at Shift Technologies, a
A Cloud Hangs Over Robinhood as High-Frequency Trading Controversy Heats Up
Robinhood is one of the most valuable startups in the U.S., achieving "unicorn" status last year by passing the $1-billion valuation mark. But a new report from Bloomberg about the company's controversial practice of selling customers' orders to high-frequency traders threatens not only its reputation, but could also call into question its future revenue stream. The Menlo Park, California-based startup,
Seven Ways Fixed-Income Investors Will Benefit from the Digital Revolution
At long last, fixed-income investing is entering the digital age—and investors should pay close attention to what their asset managers are doing to keep up. From better pricing to better solution design, the digital revolution that’s transforming the fixed-income management landscape can lead to a host of benefits. To grasp the performance gap between managers who upgrade their technology and
Brokerage Stocks Crushed as JPMorgan Rolls Out Digital Service With Free Trades
Competition in the mobile trading space is getting even hotter after JPMorgan Chase & Co. (NYSE: JPM) announced a brand new free digital trading application. CNBC's report of the new app sent shares of online brokerage stocks tumbling on Tuesday. What Happened? JPMorgan said the new trading service called You Invest will launch next week, CNBC's Hugh Son reported, and
Patron of Fintechs: Surveying Goldman Sachs Growing Portfolio of Tech Startups
As reported Tuesday this week, fintech startup Even Financial announced raising $18.8 million in Series A seed funding, a portion of which came from investment bank Goldman Sachs (NYSE: GS). Even Financial, whose flagship application program interface (API) collects and curates financial service products and offers for distribution on various bank and brokerage websites and user portals, is the latest