This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Stock trading platform Robinhood seeks to dive deeper into financial services with the launch of a banking product later this year. Robinhood Banking, set to be rolled out this fall, will offer checking
Robinhood Markets Inc. (NASDAQ:HOOD) is transforming its business model by launching an integrated suite of financial services designed to attract retail investors seeking more sophisticated private banking and investment solutions. What Happened: The company introduced Robinhood Banking, a comprehensive offering that provides checking and savings accounts with a competitive 4% annual percentage yield and Federal
Listen to article Robinhood is stepping up its game in the financial services space, rolling out wealth management and private banking offerings aimed at retail investors with smaller portfolios. The move signals the trading platform’s ambition to shape user financial behavior beyond trading, offering tools traditionally reserved for high-net-worth clients. The company on Wednesday unveiled ‘Robinhood Strategies’, a