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A Little Bank Embraces Robo Investing

Wayne Patenaude, CEO With $3.5 billion in assets and 17 branches, Cambridge Savings Bank isn’t an obvious example of a cutting-edge financial institution. But this Massachusetts-based bank has taken a leap into the future by integrating an automated investment platform into its regular offering of checking and savings accounts. It is one of the first small institutions to adopt a robo-investment service for its customers. The move to partner with SigFig came at a time when Cambridge was searching for ways to engage young adult customers who want easy access to financial products through mobile devices. ...

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