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West Coast Challenges Big East Players

Tuesday, Nov 12 2019

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Written by FinTech News Brief Staff

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West Coast Challenges Big East Players

HMBradley has joined a growing list of Los Angeles-based companies aiming to disrupt the high finance sector dominated largely by East Coast players like Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley. So reports TechCruch.

Aspiration and Acorns also recently began offering customers new financial management options. The company’s business model is built around incentivizing customers to leave more deposits in the bank. The company offers “variable annual percentage yields” based on how much money customers save in their accounts.

Read the full article from TechCrunch.

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