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Bank of America keeps it simple, chatbot-like

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Tradestreaming announced the first cohort of winners of the Tradestreaming Awards, given to the most
 
November 6 · Issue #57 · View online
Tearsheet Weekly Newsletter
Tradestreaming announced the first cohort of winners of the Tradestreaming Awards, given to the most innovative and best designed financial technology across banking, lending, investing, and payments. 
Winners will be recognized at our Tradestreaming Money 2016 conference in NYC next week on November 14. See details below.

This week on the podcast: Blockchain making its way (very slowly) into the mainstream
Blockchain continues to occupy much of the conversation. But how much fire is there amid the smoke? On this week’s episode of the Tradestreaming Podcast, we explore why financial professionals should start paying attention to the blockchain. Oh, and also why making transactions completely anonymous isn’t going to go mainstream.
We published the October edition of the Blockchain Hype Meter, which tracks MSM coverage of distributed ledger tech, and separates the fact from fiction for our industry.
Fixing international payments, one (marketplace) transaction at a time
In spite of all the fintech investments and product launches, sending and receiving international payments for stuff still sucks. Payoneer, which powers international mass payouts on marketplaces like Airbnb and Amazon, is trying to fix that.
Just one week until Tradestreaming Money 2016!
Join Tradestreaming November 14 for Money 2016
We’ll explore what top financial firms are doing to create new digital products, hire top talent, and stay competitive. It’s turning into the premier top-tier digital financial services event of the year.
Just added: A session on top financial talent. We just got Evan Anger, SVP of recruiting for top hedge fund, Two Sigma, to talk about how his firm recruits (and retains) top talent.
Learn from top digital execs at Citi, Fidelity, NYLife, CSFB, Vanguard, US Bank, MIT, BBVA, Cornerstone Advisors, Two Sigma, and QED Investors.
We still have a few complimentary tickets for readers of the newsletter – use ZACKVIP to claim your ticket. Go get more info and register.
Digital lending greases transactional cogs of ecommerce
A new collaboration between Provenir and Klarna has lowered cart abandonment rates by pre-approving financing before a user even inputs all his or her deets. In other words, the transaction has been separated from the payment. Sounds interesting.
Behalf does something similar by financing SMB purchases from suppliers. If you’re wondering how the head of marketing of a firm like that – charged with building an always-on financing option for suppliers – fits everything into a single day. We’ve the story here with a window into her workday.
Bank of America tries to keep it simple, chatbot-like
Bank of America's Eric chatbot
Seems BoA has a good, though overly simplified, understanding of what makes banking customers tick in this market. Somehow/someway, the answer to customer needs is…chatbots and robos?
Anyway, it’s not the only bank investing in chatbots. It’s actually a thing now. If you’re wondering … WTF is a financial chatbot?
Supporting women in fintech
Women’s organizations and groups — and their luncheon settings — have been the financial catalysts for a lot of social action. New services and platforms are attempting to bankroll women, seeding them with capital and support mechanisms to help them be successful.
Much of the financial support for women leaders comes in the form of crowdfunding. And if you’ve been following that whole scene, you know that the JOBS Act of 2012 made it all happen (correction: was supposed to encourage investing in valuable initiatives from the crowd – it hasn’t really done anything, has it?). 
Are roboadvisors fiduciaries? Technology can answer that.
We could debate this issue until the cows come home, but the Department of Labor has taken a large step forward in helping to define technology’s role in asset management. This week, the DoL published a Q&A about its new fiduciary rule and it’s beginning to make more sense.
No real unified technology platform for RIAs has emerged a winner, yet. But that doesn’t mean lots of firms aren’t vying for this business (and they aren’t robos).
Startups raising/Investors investing
Why did VCs just invest $28 million in a...bank?
Riskalyze draws $20 million in capital for robo platform and other adviser products
What we're reading
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  • Have a tip or story you’d like to share? Email us your best blockchain hype, disappointing digital data, and stories of payments without friction at info [at] tradestreaming dot com
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