• UPS, Mastercard, Etsy, Brightside, Arizona State University and Acorns join BlackRock’s Emergency Savings Initiative to help people establish a financial safety net.
• Nutmeg widened its losses by more than £6m ($7.8 million) last year as it invested in attracting new customers.
• Tradeweb Markets is collaborating with Cassini Systems and OpenGamma to integrate margin optimization analytics with Tradeweb’s interest rate derivatives platform.
• Broadridge entered into a purchase agreement to acquire Fi360 to provide its wealth and retirement advisors with fiduciary tools.
• FinMason has analyzed over 10 million portfolios for clients since launching its analytics API service in 2017.
• RetireUp is now part of LPL Financial’s Vendor Affinity Program.
• SkyView Partners announced the launch of their Advisory Practice Board of Exchange (APBOE).
• A new suite of tools from BNY Mellon Pershing, called “Money in Motion,” purports to help financial advisors better track and ascertain the health of their business performance.
UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns will join BlackRock’s Emergency Savings Initiative to help their employees, customers, gig workers and college students take the essential first step towards long-term financial well-being. With nearly 40% of Americans lacking enough savings to cover a $400 emergency expense without selling something or borrowing money, BlackRock’s flagship philanthropic initiative aims to help one million people establish a financial safety net.