Robinhood has been fined for its trading practices

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This week's highlights: Johnson & Johnson is wading deeper into surgical robotics , 'Amazon's Choice' badge raising eyebrows for Amazon, These are the digital health predictions we got right in 2019 , and much more
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December 28, 2019
Business Insider Intelligence
Robinhood has been fined over concerns it wasn't giving users the best trade deals
Commission-free trading platform Robinhood was hit with a $1.25 million by the Financial Industry Regulatory Authority (FINRA), which regulates US broker-dealers.

Robinhood was slapped with the fine because it did not ensure users received the best prices possible October 2016 through November 2017 — however, it wasn't disclosed how much harm was caused to users over the period. The fintech has neither denied, nor confirmed the claims.

While this adds to a slew of issues the firm has faced recently and could be bad news for its reputation — $1.25 million is more of a slap on the wrist than a major cause of concern for Robinhood.

Business Insider Intelligence's Lea Nonninger has the full story.
BRIEFING HIGHLIGHTS
Johnson & Johnson is wading deeper into surgical robotics
The healthcare multinational will acquire the remaining stake in the surgical innovation JV born out of a strategic collaboration between its Ethicon division and Alphabet subsidiary Verily.
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'Amazon's Choice' badge raising eyebrows for Amazon
The Amazon's Choice badge has reportedly been applied to items that violate the marketplace's policies, products from merchants gaming the algorithm, and many of Amazon's own products.
Read More →
These are the digital health predictions we got right in 2019
At the end of 2018, we drummed up five predictions for digital health in 2019. Here's a look at three we got right.
Read More →
Huawei is seeking local app partners to help build out its ecosystem
Honor, the budget smartphone sub-brand of Chinese tech giant Huawei, is in talks with top Indian developers to tailor their apps for Huawei's set of in-house mobile apps and services.
Read More →
Revolut and N26 are bringing premium accounts to new markets
N26 and Revolut are among the mature European neobanks expected to collectively triple their global customer base next year to 35 million — and these expansions could accelerate that effort.
Read More →
Facebook bans 'The BL' for coordinated inauthentic behavior
Along with the ban, Facebook said that it took down over 900 fake accounts, pages, and groups across Facebook and Instagram run out of the network.
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Apple TV+ could include sports rights and studio acquisitions
Apple has reportedly held talks to acquire or license content from MGM studios and potentially purchase an equity stake in the West Coast-based Pac-12 conference media rights package.
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Grab confirms plans to pursue a digital banking license in Singapore
Singapore based ridesharing company Grab confirmed plans to submit an application for a digital banking license in time for the December 31 submission deadline.
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These are the fintech predictions we got right in 2019
At the end of last year, we drew up a list of five fintech predictions for 2019. As we enter the new decade, we're revisiting them to see how they stood the test of time.
Read More →
How Amazon's various healthcare projects evolved in 2019
Here's a snapshot of the e-commerce titan's top healthcare moves from 2019, what we expect them to evolve into, and what it means for the healthcare industry.
Read More →
RESEARCH IN FOCUS
The Rise of Banking-as-a-Service
Fintechs are encroaching on incumbents' share in the banking game, forcing them to explore new business models — but tech-savvy legacy banks can treat this as an opportunity rather than a threat by moving into the Banking-as-a-Service (BaaS) space. This report looks at the benefits banks stand to gain by offering BaaS platforms, discusses key players in the industry that have already successfully launched BaaS platforms, and recommends strategies for FIs looking to move into BaaS.
Get the Full Report  →
The Digital Health Ecosystem
Personalization and convenience have become table stakes in nearly every industry, and consumers are extending demands for these digital-powered experiences to healthcare — US consumers have expressed a willingness to jump ship to care services that can provide them with better digital experiences. In the second annual edition of this report, Business Inisder Intelligence explores the current healthcare ecosystem, the key trends driving digital transformation, and what we expect to see in the year ahead.
Get the Full Report  →
The Online Mortgage Lending Report
Business Insider Intelligence will examine the current state of the mortgage lending landscape and how technology has enabled alt lenders to transform the home loan process from application to closing. We will then explore how legacy banks are responding to the threat of digitally advanced competitors by unveiling their own online mortgage solutions and offer recommendations for financial institutions looking to enhance their mortgage offerings.
Get the Full Report  →
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