Robinhood

Robinhood Bags Bank Charter
Robinhood Bags Bank Charter
November 28, 2019  |  Banking

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter...

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Robinhood Relaunches Checking Feature With 2 Pct. APY
Robinhood Relaunches Checking Feature With 2 Pct. APY
October 08, 2019  |  Investments

Stock trading app Robinhood, which offers no-fee trading, is relaunching a checking feature called Cash Management after it was previously shelved due to regulatory issues....

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Robinhood Users’ Passwords May Have Been Exposed
Robinhood Users’ Passwords May Have Been Exposed
July 25, 2019  |  Security & Fraud

The popular stock trading app Robinhood sent an email to customers warning that some passwords were mistakenly stored in a readable format and that users...

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Robinhood Raises $323M On $7.6B Valuation
Robinhood Raises $323M On $7.6B Valuation
July 22, 2019  |  Investments

Stock trading app Robinhood has announced a $323 million Series E financing round, which brings the company’s valuation to $7.6 billion. “We’ll use the funding...

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Robinhood Nearing A Valuation Of At Least $7 Billion
Robinhood Nearing A Valuation Of At Least $7 Billion
May 29, 2019  |  Fintech Investments

Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC, citing two people...

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FIS, Fiserv, Infosys Battle For Tech Deal With Robinhood
FIS, Fiserv, Infosys Battle For Tech Deal With Robinhood
April 29, 2019  |  Banking

FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from the Office of...

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Bitcoin Daily: Robinhood Secures NY Money Transmission License; Harvard, Levi Strauss Team On Blockchain
Bitcoin Daily: Robinhood Secures NY Money Transmission License; Harvard, Levi Strauss Team On Blockchain
January 25, 2019  |  Bitcoin

Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. The product seeks to...

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Lawmakers Raise FinTech Concerns Post Robinhood Debacle
Lawmakers Raise FinTech Concerns Post Robinhood Debacle
December 21, 2018  |  Bank Regulation

A bipartisan group of U.S. senators has expressed concerns that FinTech startup Robinhood is not being transparent about its cash management service. After announcing a checking...

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Robinhood Retreats From Checking, Savings Products
Robinhood Retreats From Checking, Savings Products
December 16, 2018  |  Bank Regulation

Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from...

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