Forbes Magazine has spotlighted TipRanks as one of three fintechs that are helping traditional banks keep pace with online competitors.
Online-only banks can claim a nimbleness that gives them certain advantages over their brick-and-mortar counterparts. While still needing to comply with banking sector regulations, these relative newcomers do not need to spend money on physical locations. This allows them charge lower fees and offer better interest rates to their customers. That leaves traditional banks scrambling to catch up.
Fortunately, traditional banks can ratchet up their offerings by integrating the products of fintech (financial technology) companies’ products. This month, Forbes Magazine spotlighted TipRanks as one of three fintechs that are helping traditional banks keep pace with their online competitors.
TipRanks’ Technology Empowers Banks
In a recent article appearing in Forbes titled How Fintechs Are Helping Traditional Banks Catch Up With Challenger Banks, author Alison Coleman turned her attention to the TipRanks story.
Coleman focused on TipRanks’ “financial accountability engine and other interactive research tools.” She explained that these features “help the banks’ users make data-driven investment decisions.”
According to Uri Gruenbaum, CEO and Co-Founder of TipRanks, who is quoted in the article, Bank HaPoalim (Israel’s largest bank) was the first to integrate TipRanks’ technology and datasets. This was the only the start for TipRanks.
“From there other financial institutions reached out to see if our service could help their investors, and by doing so, improve the retention and engagement metrics of their users,” said Gruenbaum.
TipRanks allows users to view the track record and measured performance of any stock analyst, blogger, hedge fund, or corporate insider dating back to January 2009.
Today, millions of investors–including many customers of large banks–are taking advantage of TipRanks’ innovative features and datasets as they undertake their investment journeys.
Learn money management and access data-driven stock insights with TipRanks.
