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Moriah Costa


Moriah Costa is a journalist specializing in fintech, finance and regulation. She previously worked at S&P Global as a banking reporter covering U.S. regulators, markets and issues impacting the sector at large. She is currently a graduate student at City University of London where she studies Financial Journalism. She has covered a variety of stories, including education, personal finance, and economics. She holds a BA in Journalism from Arizona State Univeristy.

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Articles by Moriah Costa

KeyBank partners with Invesco’s robo-adviser

17th August 2017

  It’s the first major broker dealer to use Invesco’s digital advice platform.   Invesco, the parent company of UK-based Invesco Perpetual, is continuing to expand ...

The future of robo-advice is human

16th August 2017

Digital wealth management is likely to combine automation and human advice.      When Betterment decided to offer its clients access to a human financial advisor, it marked a growing ...

Meet the investors backing the UK’s largest online wealth manager

14th August 2017

The robo-advice platform has peaked interest from many prominent investors and businessmen.     With £600m in assets under management, Nutmeg is one the largest online wealth management ...

Taiwan regulators give green light to robo-advice

11th August 2017

Regulators around the world are warming up to the automated technology.     The Taiwanese financial regulator has given the okay for companies to use fully-automated advice platforms, ...

Landbay partners with Positive Lending as it expands product offering

11th August 2017

  The buy to let mortgage lender continues to broaden its lending products.     Peer-to-peer lender Landbay is partnering with Positive Lending, a specialised packager based ...

Robo-advisers are trying to tackle the gender-investing gap

11th August 2017

Women are less likely than men to invest but some robo-advice platforms are hoping to change that.     There is a gender-gap in the UK and investing is no different, as men are not only ...

Robo-advice giant Wealthfront considers IPO

10th August 2017

The American digital wealth management firm aims to have the biggest market share.   Leading robo-adviser Wealthfront plans to make an Initial Public Offering in the future, a company spokesperson ...

One in five financial advisers are set to launch robo-advice

10th August 2017

  Financial advisers are starting to change their attitude towards robo-advice.   Nearly 20 per cent are planning to implement a robo-advice platform in the future or are in the process ...

Funding Circle gets a facelift

10th August 2017

Funding Circle has a new look. The P2P lender has published a new logo and rebranded its website.   The logo features an abstract image of an F and a C, made up of four quadrants which fitted ...

Indian robo-adviser taps into growing middle-class market

9th August 2017

  A brokerage firm in Mumbai is expanding its robo-advice technology.   Motilal Oswal Securities Limited is launching its latest foray into the automated investment market, called ...

Fintech firms behind robo-adviser miPlan merge

8th August 2017

  FinaMetrica and PlanPlus are joining forces after a decade of collaboration.     Sydney-based fintech firm FinaMetrica is merging with Canadian company PlanPlus after working ...

WiseAlpha opens up corporate bond market for investors

8th August 2017

Investors can now access corporate bonds previously only available to pension funds and investment banks in firms such as Tesco and Ocado.   Online lending platform WiseAlpha is adding corporate ...

Fellow Finance launches invoice financing for SMEs

7th August 2017

  The service allows SME businesses to convert invoices into cash.   Crowdfunding service Fellow Finance is opening a business invoice funding service for companies to receive funding ...

Moneyfarm reveals assets under management as it eyes profitability

4th August 2017

  The European platform is expanding rapidly, having passed £260m in AUM but has clocked up another loss for the year.     Digital wealth manager Moneyfarm has reached ...

ID Finance and Da Vinci Capital launch fintech fund

3rd August 2017

  The $200m debt fund will focus on companies in alternative financing.   Emerging markets fintech company ID Finance and asset management company Da Vinci Capital are joining forces ...

P2P business platform MarketInvoice marks record trading day

2nd August 2017

The company had more invoice advances on 1 August than any other day.   The slow summer isn’t stopping MarketInvoice.   The P2P invoice finance platform had a record day of ...

FCA gives firms latest guidance on advice

2nd August 2017

  The regulator has published a report that answers questions from firms looking to automate investment advice.   The Financial Conduct Authority has provided firms with more clarity ...

Schroders plots private debt growth

2nd August 2017

The asset manager has appointed a new head of private assets.   Asset manager Schroders is prioritising its private markets business as its assets under management pass £400bn.   The ...

UK fintech investment continues to grow one year after Brexit

1st August 2017

  Despite uncertainty about how Brexit will play out, investors are confident in UK’s fintech sector.     Investors feel positive about the future of the UK fintech sector, ...

Meet the company behind Nutmeg’s ISA

31st July 2017

US-based InvestCloud is bringing its white label robo-advice platform to Europe.   As wealth management becomes more automated, third party fintech companies are becoming increasingly popular ...

New products and milestones for ethical P2P platforms

28th July 2017

  Abundance Investment and Downing Crowd reach new milestones in renewable energy projects.       Investors looking for ethical options now have more choices when it ...

Chinese robo-adviser CreditEase reports strong first-year growth

27th July 2017

  The firm’s robo-advice platform Toumi RA has grown by nearly a third every month.   One of the leading Chinese fintech firm’s robo-advisor has increased its assets under ...

Betterment expands its robo-advice with a human touch

26th July 2017

  The move is part of an industry trend combining old and new technology.   Robots might make investing easier, but even they need human advice.   U.S.-based robo giant ...

LendingTree reveals top rated lenders

26th July 2017

The U.S. marketplace’s quarterly review looks at customers’ top-rated platforms.   U.S.-based LendingTree has released the top consumer rated platforms on its network for the second ...

Support for fintech continues as Brexit looms

26th July 2017

While the uncertainty about the single market lingers, some companies and government officials are investing in UK fintech.     As government officials go abroad to negotiate Brexit, ...

How the CEO of ETFmatic wants to change wealth management

25th July 2017

  Traditional wealth managers are not leveraging technology to their advantage, says ETFmatic CEO Luis Rivera.       Luis Rivera, CEO of ETFmatic. As an investor, ...

Meet Moneyfarm, one of the first robo-advisers in Europe

25th July 2017

The robo-adviser believes that investing should be straightforward.     As one of the first robo-advisers in Europe, Moneyfarm keeps it simple, from fees to explaining investment portfolios.   Co-founders ...

Australian robo-adviser expands to Ireland, hires ex-central banker

24th July 2017

Ignition Wealth to offer its B2B services with European expansion.   Australian robo-adviser Ignition Wealth announced two appointments Monday as it sets its sights on a European expansion.   The ...

Robo giant Betterment raises $70m in new funding round

21st July 2017

  The biggest robo-adviser in the world is getting even bigger.     Robo-advice giant Betterment continues to grow. The platform raised a $70m (£54m) funding round, an ...

CapitalRise raises £1.35m for a luxury home development

21st July 2017

  The fundraiser was driven by investments through the Innovative Finance Individual Savings Account.   Crowdfunding platform CapitalRise completed one of its largest fundraisers ...

Robo-advice pioneers target ethical investors

20th July 2017

  U.S. robo giants Betterment and Wealthfront are offering socially responsible investing options to clients.   Investing doesn’t have to take a toll on your conscious anymore. ...

P2P lender joins bank lobby group

20th July 2017

  ArchOver is now a member of UK Finance, a recently created trade body for the banking and financial sector.   P2P is uniting with the high street banks.   ArchOver, a ...

Monzo launches current accounts

19th July 2017

  Customers are now able to get an account with the challenger bank.     Bank challenger Monzo is launching its current accounts and hopes to offer an account to all of its customers ...

Scalable Capital: The robo-adviser trying to minimise your portfolio risk

19th July 2017

  The firm uses automated technology to keep track of risks, and emphasise downside protection.     While there is always a risk to investing, Scalable Capital uses technology ...

Financial advice giant Bellpenny to launch robo-advice

18th July 2017

The service could launch as soon as the end of the year.   Newly emerged financial advice giants Bellpenny and Ascot Lloyd are joining the robo-advice revolution.   The company is ...

Robo adviser tries to close the gap for women investors

17th July 2017

ETFmatic is giving women the chance to invest for free.     There are less women who invest in robo advice than men and one platform is trying to do something about it.   ETFmatic, ...

FundingKnight gets FCA authorisation

16th July 2017

  The specialised peer-to-peer marketplace lender was given full authorisation from the Financial Conduct Authority.     GLI Finance’s P2P lender, FundingKnight, was granted ...

Fintech is going mainstream

14th July 2017

Consumers are quickly adapting to financial technology, according to the EY Fintech Adoption Index.   The latest apps and gadgets aren’t just for millennials.   Nearly two-thirds ...

Investors using financial advice £40k better off

13th July 2017

Financial advice has a big impact regardless of income level, a study from the International Longevity Centre found.   Getting financial advice is essential to accumulating more wealth, a ...

FCA: Pension investors need robo-advice

13th July 2017

There has not been much innovation when it comes to retirement income, the Financial Conduct Authority says.   While robo-advice is rapidly expanding in the UK, when it comes to pension ...

Invesco co-launches robo-advice platform for financial advisers

12th July 2017

  The U.S. platform will provide a digital space for financial advisers to open new accounts.   Investment management giant Invesco is continuing its foray into digital wealth ...

Comparison site GoCompare invests in mortgage robo-adviser

11th July 2017

The partnership will give users access to the first online mortgage marketplace in the UK.   Financial comparison site GoCompare is hoping to transform the UK’s mortgage application process ...

eToro launches crypto currency fund

11th July 2017

Global investing and social network eToro has launched a crypto copyfund, giving its investors access to follow funds with exposure to various crypto currencies.   The fund includes exposure ...

Financial robots may not be as popular as companies think

11th July 2017

Survey finds that when it comes to automated technology, financial consumers still prefer a real person.     That robot might not take your job after all.   A ...

Robo advisor releases first year performance results

10th July 2017

Robo-advisor Scalable Capital has outperformed its peers during its first year in operation, which it attributes to its risk management technologies.   Its most adventurous portfolio made a ...

Robo advisor Scalable Capital gives thumbs up to FCA report

10th July 2017

The digital wealth management firm said the regulator’s fee transparency proposal is good for the industry.       One of the fastest growing digital wealth management firms ...

Goldman Sachs backs $600m alternative credit fund

7th July 2017

The deal is New York-based MidOcean Credit Partners latest foray into collateralized loan obligations.   Goldman Sachs lead the closing of a $600m alternative credit deal for MidOcean Credit ...

FCA chief calls for support of financial services as City asks for digital skills visa

6th July 2017

Brexit does not mean an end to free trade of financial services, Financial Conduct Authority Chief Executive Andrew Bailey said.     With Brexit negotiations underway, the financial ...

People over 50 spend more on financial services, but firms target them less

5th July 2017

The older generation feels it is being ignored by financial brands in favour of younger consumers, a report found.   Despite over 50-year-olds spending more on financial products, companies ...

Financial advisors are turning to robo advice

5th June 2017

Some independent financial advisors are using automated wealth management services to complement their business models.   Robo advice isn’t just for start-ups and millennials. Traditional ...

How robo advice fees compare to multi-asset funds

1st June 2017

This story originally appeared on Robo Advice News, a new AltFi site dedicated to covering the growing digital wealth management sector.  Will robo advice spark a price war? We crunched the numbers ...

SoFi, JetBlue partner to help U.S. customers refinance student loans

31st May 2017

The collaboration allows JetBlue customers to earn airline points for refinancing their student loans with SoFi.     With U.S. students facing uncertainty about who their federal loan ...

PayU and iwoca launch SME partnership in Poland

24th May 2017

Financing for small and medium-sized firms in Poland just got easier thanks to lending firm iwoca and lending payment provider PayU.       Lending firm iwoca and lending payment ...

P2P property lender Relendex launches IFISA

24th May 2017

The platform joins a handful of other peer-to-peer lenders authorised to offer the Innovative Finance Individual Savings Account.       The number of P2P platforms offering an ...

P2P property platform Lendy passes £300m milestone

16th May 2017

The platform raised £50m in the last 100 days for property projects throughout the UK.     As bank lending slows down, peer-to-peer investment is up. Lendy, a P2P property platform, ...

Industry calls on UK government to support fintech, immigration

15th May 2017

As Brexit negotiations continue, the UK fintech association urged the government to support the globally diverse industry.      Innovate Finance, the fintech trade association has ...

Assetz Capital extends interest rate promotion due to “strong demand”

12th May 2017

The peer-to-peer lending platform is extending access to its 30-day access accounts that offer a return of 4.75 per cent.     Investors can continue to make an even bigger profit from ...

Carney, Hammond promote fintech as UK prepares for Brexit

14th April 2017

International “bridge” agreements could help maintain the UK as a fintech hub.   Mark Carney, governor of the Bank of England, wants to keep the UK at the forefront of financial ...

MarketInvoice reports record growth in Q1

13th April 2017

The marketplace lender reported a 60 per cent growth in the volume of business during the first three months of the year.     Online invoice finance marketplace lender MarketInvoice ...

Assetz Capital raises P2P interest rates for investors

13th April 2017

The unusual move raises the rate of 30-day access accounts to 4.75 per cent.   For a limited time peer-to-peer platform Assetz Capital is making investing in small companies worth more.   The ...

Robo advisors embrace Lifetime ISAs while banks pass

13th April 2017

Banks have said the product is too complex but some robo advisors are already offering the service.     Many high-street banks rejected the government’s savings programme, or Lifetime ...

IG Group unveils robo advice offering with BlackRock partnership

7th April 2017

IG Group unveils robo advice offering with BlackRock partnership   The firm, better known for its online trading business, promises to have total fee transparency with its new IG Smart Portfolios. ...

Downing Crowd launches Innovative Finance ISA

24th March 2017

The platform is the latest entrant to offer the Innovative Finance Individual Savings Account.     Downing Crowd launched its Innovative Finance ISA this month, as investors rush to ...

RBS mulls mortgage robo advice service, shuts 158 branches

23rd March 2017

The bank is expected to make a decision on its robo advice services by the end of the third quarter amid cost cutting drive.     The Royal Bank of Scotland is testing its robo advice ...

Proplend approved to offer Innovative Finance ISA

23rd March 2017

The peer-to-peer lender plans to offer an Innovative Finance Individual Savings Account by the end of April.   Berkshire-based commercial property lender Proplend has received approval from ...

The ISA myths robo-advice investors should dispel this ISA Season pt.2

17th March 2017

In the second part of a two-part series, digital wealth manager Nutmeg reveals the most stubborn ISA misconceptions.     Investors are flocking to set up Individual Savings Accounts ...

The ISA myths robo advice investors should dispel this ISA Season pt.1

15th March 2017

In this two part series, digital wealth manager Nutmeg reveals the most stubborn ISA misconceptions.     There are only a few weeks left before the tax-year deadline, many more investors ...

NACFB extends insurance for P2P loans

14th March 2017

The association’s insurance coverage now allows members to arrange an unrestricted number of loans for P2P lenders.   The National Association of Commercial Finance Brokers ...

London Independent Financial Advisor launches robo advice for clients

14th March 2017

  FOL Wealth has unveiled an automated investment service to complement its wealth management services.   A London-based financial advisor has launched a robo advice like service for ...

Chinese robo advice could be opportunity for European fintech firms

10th March 2017

Wealth management in China is expanding rapidly as  private wealth in the mainland grows.   Financial technology is everywhere in China. As the country’s economy continues to grow ...

Money&Co. launches Innovative Finance ISA

9th March 2017

The peer-to-peer lender is the latest entrant to the IFISA, as the largest lenders still wait for approval.   Money&Co. is the latest peer-to-peer lender to offer an Innovative Finance ...

Alcentra finishes second fundraising round

9th March 2017

The close of its European fundraising brings the firm's commitments to €4.3bn of assets.     Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management, ...

LendUp closes $100m credit facility with Victory Park Capital

9th March 2017

The U.S. lender has originated more than 3.3m loans since launching back in 2012.   Online lender LendUp has closed a $100m credit facility with investment firm Victory Park Capital, the company ...

Funding Circle secures $100M investment from CIM

2nd March 2017

Investment firm CIM has agreed to finance U.S. business loans through Funding Circle.     San Francisco-based Funding Circle will offer an additional $100m (around £82m) in loans ...

Wealthify drops minimum investment to £1

2nd March 2017

The digital wealth manager slashed its minimum investment from £250 to £1.   Robo advisor Wealthify lowered its investment requirement to £1 from £250 in an attempt ...

Fintech investment in Asia surpasses the U.S., report finds

1st March 2017

A number of large fintech deals in China caused the region to overtake North America for the first time last year.   Financial technology in the Asia-Pacific surpassed the U.S. as investments ...

Demand for robo advice surges as ISA Season takes off

28th February 2017

Investors are moving to robo advice as they rush to meet April 5 deadline.     Robo advisors are seeing an increased interest in their services as investors rush to lock in their Individual ...

Investors flock to Innovative Finance ISA

24th February 2017

Lending platforms are seeing a flux of ISA turnover, as firms and investors rush to meet the tax year deadline.   As the Individual Savings Account deadline looms, many investors are looking ...

Australian comparison firm eyes UK robo advice

23rd February 2017

Finder.com is the latest company to move to UK, as the government looks to attract cross border fintech companies.   Australian-based personal finance comparison site finder.com is moving ...

Moneyfarm hires ex-Facebook advisor

23rd February 2017

The digital wealth manager is planning its next phase of growth.   A former Facebook strategist is joining robo advisor Moneyfarm as its Chief Commercial Officer as the firm celebrates its ...

Robo advisor Moola poaches CIO from BlackRock

16th February 2017

The online wealth management firm has hired Simon Moore as its Chief Investment Officer, who joins from BlackRock-owned FutureAdvisor.       Online wealth management firm Moola ...

OurCrowd continues push into Asia with Taiwan office, partnership

16th February 2017

The platform is opening an office in Taipei as Asian investors increase their interest in equity crowdfunding.     Jerusalem-based crowdfunding platform OurCrowd is continuing its expansion ...

Robo-advisor Wealthify plotting growth with 2017 national marketing campaign

20th January 2017

The wealth management start-up hopes to help 1 million UK savers invest with its first nationwide marketing.     Cardiff-based start-up Wealthify is kicking off a national advertising ...

Why millennials are the future of robo advice

20th January 2017

Ease of access and cost savings are some of the reasons the younger generation in both the US and UK use wealth management apps, finds Moriah Costa.     The financial crisis of 2008 ...

UK robo-advisers to watch out for in 2017

19th January 2017

A number of wealth management start-ups have recently launched in the UK.     As robo advising grows in popularity among users, a number of recent companies have launched in the UK ...

Brexit could be an opportunity for fintech firms in the UK

18th January 2017

The UK has been the leader of fintech regulation and leaving the Europe Union could make it even stronger, Moriah Costa examines in the last of a special three pieces on the impact of Brexit on fintech.     Although ...

Robo advisor Scalable Capital partners with Siemens

17th January 2017

The wealth manager will provide current and former German Siemens employees investment options through its automated portfolio.     Start-up wealth manager Scalable Capital is partnering ...

Alternative lender Platform Black changes name to Sancus Finance

17th January 2017

The name change is part of an operational review by its owner, GLI Finance Limited.     Platform Black Limited is now Sancus Finance Limited, in a move by its owners to specialise in ...

Fintech makes it to Davos

17th January 2017

Innovate Finance, a UK fintech association, will discuss how the UK became a leader in financial technology at the World Economic Forum.       UK fintech companies are attending ...

How the UK became the ‘fintech capital of the world’

16th January 2017

In the second of a three-part series, Moriah Costa examines the impact of Brexit on alternative finance and how the UK became the fintech capital.     As the date for the government ...

Investors welcome robo advisors, finds report

16th January 2017

Seven in 10 consumers globally are open to using robo advice for banking, insurance and retirement planning.       Clients around the world welcome the use of automated algorithms ...

Landbay becomes latest P2P platform with ISA manager status by HMRC

16th January 2017

The buy-to-let mortgage platform was granted ISA status and plans to launch an IFSA in the next month.   Landbay will join the growing number of platforms authorised to offer an Innovative ...

Robo advisor Nutmeg kicks off ISA Season by slashing fees

13th January 2017

  The online wealth manager has introduced a lower fee structure and is cutting management fees for customers.     Online wealth manager Nutmeg is passing on technology advancements ...

P2P platforms kick off ISA season eyeing Q1 product launch

12th January 2017

Edinburgh-based LendingCrowd and London-based LandlordInvest are the latest platforms approved to offer the IFISA.   LendingCrowd and LandlordInvest are set to launch their own Innovative Finance ...

Report: UK millennials set to increase 2017 investments, despite Brexit

12th January 2017

A quarter of retail investors are more likely to invest after Brexit, in a sign of confidence post-referendum Britain.   Investors are confident in the market, despite half of the UK voting ...

The Brexit risk to the UK’s status as ‘fintech capital of the world’

11th January 2017

In this three part series, Moriah Costa examines the impact that Brexit could have on fintech in the UK, how it became the capital and what opportunities could arise.     The future ...

Five crowdfunding predictions for 2017

10th January 2017

Crowdcube reveals its key expectations for the crowdfunding market in 2017     As small businesses increasingly look to alternative methods of financing, crowdfunding platform Crowdcube ...

Just Loans Group seeks £50m bond backed by SME loans

10th January 2017

The A rated tradable bond will be backed by small-and-medium sized business loans, providing them much needed financing as banks continue to scale back loans.     Alternative lender ...

Robo advisor Scalable reaches £100m of assets

9th January 2017

Shortly before Christmas the start-up reached €100m of assets under management in 10 months, making it among the fastest growing robo advice companies.        Wealth ...

The big banks and wealth managers that invested in robo advice in 2016

6th January 2017

Large financial institutions are embracing the brave new world of financial technology, investing in robo advising firms and spinning off advisors of their own.         Wells ...

Curiosity about peer-to-peer lending, blockchain and fintech spiked among investors in 2016

6th January 2017

Investors were keen to find out more about Trumponomics, peer-to-peer lending, blockchain and fintech during the tremulous year of post-truth.       Peer-to-peer lending gained ...

Fintech investment in Asia surpasses the U.S., report finds

30th November -0001

A number of large fintech deals in China caused the region to overtake North America for the first time last year.   Financial technology in the Asia-Pacific surpassed the U.S. as investments ...