Inside BlackRock's powerful consulting arm

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• Take an inside look at BlackRock's small but powerful consulting arm.
• These 10 fintechs cater to Black, Latinx, and LGBT+ communities.
• Deutsche Bank has notched early wins with its Google Cloud partnership, and it's leading the bank to rethink vendor relationships.
• Billionaire Mike Novogratz explains why Wall Street is about to go all-in on crypto.

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

Inside BlackRock's powerful consulting arm: How a tiny business advising world powers helped shape and propel the most influential money manager

BlackRock's advisory arm might not make a huge impact to the firm's bottom line at first glance, but the discrete, small team holds immense value to the world's largest money manager.

Check out our exclusive report.

10 fintechs transforming how Black, Latinx, immigrant, and LGBT+ communities bank, invest, and borrow

A new breed of financial startups is on the rise. Many seek to reach customers based on their membership within specific communities - from Black Americans to Muslim investors to those who identify as LGBT+ - who have long been underserved by mainstream financial institutions.

We spoke to 10 of the executives leading the fintechs that serve the underserved.

Deutsche Bank's top tech exec details early wins from Google Cloud partnership and why it signals a shift in how Wall Street deals with vendors

Deutsche Bank is developing new tech in native cloud environments thanks to a Google Cloud partnership. Read more about their collaboration and early successes.

Bank of America's top information security expert highlights how a focus on neurodiversity has helped recruiting, collaboration, and communication across the firm

Bank of America CISO Craig Froelich takes us inside the neurodiversity hiring push he's at the helm of, and how it benefits the entire bank. Learn more here.

Billionaire and former hedge fund manager Mike Novogratz explains why institutional adoption of crypto is set to 'explode'

At an event last week, Novogratz explained what's slowing down institutions from investing in crypto. Here's what he said.

6 pitch decks that fintechs looking to disrupt banking, wealth management, and cybersecurity used to raise millions

Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders sold their vision.

Jane Fraser just detailed plans for building out Citi's retail bank in the US, and it includes leveraging co-branded cards with partners like American Airlines and Home Depot

Citi CEO Jane Fraser said "there is no silver bullet," but mapped out ways the bank plans to make strides with its US retail bank. Here's what else she said.

$58 billion Two Sigma just poached a top engineer from Google to be its new head of data engineering

Two Sigma has hired Google's Carter Clark Page as its new head of data engineering. Here's what else we know.

RBC has poached a senior credit analyst from UBS for its growing junk bond and distressed trading desk

Srihari Rajagopalan is joining RBC after eight years at UBS, sources told Insider. Here what we know.

Must-know promotions, exits, and hires at firms like Citi, Goldman Sachs, Credit Suisse, and Jefferies

Breanne Madigan joins TradeBlock as CEO. Credit asset manager Eagle Point appoints Nate Morse as head corporate trader. Check out all the top people moves across Wall Street.

Odd lots:

Ex-Enron CEO taps McKinsey colleagues for energy investment venture -sources (Reuters)

A legendary media investor who was an early Hulu backer shares where he's placing his next big bets and why he thinks Hollywood is over (Insider)

Credit Suisse's global head of transformation is joining Microsoft (eFinancialCareers)

Rich people are freaking out about estate-tax changes that could cost them millions, and their lawyers can't hire enough people to keep up (Insider)

A federal judge who has criticized the SEC for lenient deals with Citi and Bank of America maps out 3 ways to fix the 'broken' US justice system (Insider)

Private-Equity Group Reaches Deal to Buy Medline for Over $30 Billion (WSJ)