FinTech Futures: Top five news stories of the week – 22 November 2024
Our pick of the top fintech news stories this week includes Robinhood, CaixaBank, Nationwide and more.
Investment, Asset & Fund Management
News, intelligence and resources on the global fintech industry including topics such as investment, asset & fund management.
Close Brothers Asset Management goes live with Objectway’s portfolio management solution
Objectway says its tech will enable CBAM to “tailor and adapt services as client needs evolve”.
Robinhood snaps up custodial and portfolio management platform TradePMR in $300m deal
The purchase, involving a blend of cash and stock, is set to close in H1 2025.
Goldman Sachs to spin out technology platform GS DAP into independent business
GS DAP has operated as part of Goldman Sachs’ Digital Assets business since launching in 2022.
French asset manager Amundi buys wealthtech Aixigo for €149m
Aixigo’s API-based wealth management platform and 150 team members will join Amundi Technology.
Brian Harkin named new head of tech and innovation at Centrus
Harkin moves from London-based fintech Kynec, where he has been serving as CTO since 2022.
Bank of Valletta taps Profile Software for investment management solution
Malta’s largest and oldest fiancial institution will deploy Profile Software’s Axia Suite.
Cetera Financial Group use case: ensuring quality amid rapid expansion
Richelle Paulsen discusses the role of QA in supporting Cetera’s organic and M&A growth.
Embedded investment platform Seccl hires Prerna Goel as new COO
Goel brings over 20 years of experience in fintech and banking to Seccl.
UBS pilots new blockchain-based system for cross-border payments
The system settles international transactions using smart contracts on a private blockchain network.
ICYMI fintech funding round-up: Groov, Fundcraft, VibePay, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FE fundinfo snaps up Matterhorn Reporting Services to boost AIFMD reporting capabilities
The deal is FE fundinfo’s third acquisition this year.
MAS’ Project Guardian pilots settlement of tokenised fund subscriptions and redemptions using Swift
The initiative was led by Swift, UBS Asset Management and blockchain platform Chainlink.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
iCapital looks to boost data management capabilities with AltExchange acquisition
AltExchange leverages AI to enhance data aggregation and reporting for financial advisors and asset managers.
AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR
The raise builds on a $10.5 million Series A closed by Reflexivity, then known as Toggle AI, in 2021.
October 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in October.
Moneybox’s valuation climbs to £550m with new £70m investment
Moneybox says the investment will “mainly be facilitated through a secondary share sale”.
Charles Schwab to phase out Institutional Intelligent Portfolios platform in favour of iRebal solution
Schwab will no longer be opening new accounts on the platform from 15 November 2024.
Augmentum Fintech appoints tech entrepreneur William Reeve as new chairman
Reeve’s 35-year career includes roles at IBM, NatWest, McKinsey, and Nutmeg.
Wealth management firm Farther quadruples valuation with $72m Series C
The round was co-led by CapitalG, the independent growth fund of Google’s parent company Alphabet.
ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Toss Securities promotes Gyubin Kim to CEO
Kim succeeds Seungyeon Kim, who has served as CEO of Toss Securities since April last year.
FusionIQ hires Eric Noll as new CEO upon completion of “significant new fundraising round”
Erik Oros, Timothy Powers, and Scott Ganeles will join chairman Noll as FusionIQ’s new directors.
DeFi Technologies snaps up Stillman Digital in $5m share deal
DeFi Technologies has acquired Stillman Digital’s securities for 2.5 million shares, valued at $2.10 each.
Video: Merlin Investor at FinovateFall 2024 – Driving the democratisation of retail investing
Guido Petrelli of Merlin Investor discusses the evolution of the retail investing landscape.
Wealthtech start-up for women Propelle launches in the UK
Propelle has secured over £1.2 million in pre-seed funding to date.
UK wealth manager Quilter buys NuWealth to boost first-time investor support
Quilter will work to integrate NuWealth’s capabilities into its advisory business.
ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
NeoXam set to acquire data control and automation platform EZOPS
The proposed deal would expand NeoXam’s reach in the US, Asia and throughout Europe.
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
Axoni sells Veris post-trade processing business to LSEG
Launched in 2020, Veris operates as a distributed ledger network for equity swaps.
Indian wealthtech start-up Centricity secures $20m in seed funding round
The round now values Centricity, founded in 2022, at $125 million.
FE fundinfo buys out investment research platform AdviserAsset
FE fundinfo is to integrate AdviserAsset as a research and selection module.
Master of all it surveys: a bit of background on WeMasterTrade, an award-winning prop firm
Staying true to the goal of providing a level playing field for traders of all stripes.
ICYMI fintech funding round-up: Helicap, Cercli, 3forge and Palm
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Alternative investment platform CAIS hires Kan Kotecha as CTO
Kotecha will lead the CAIS engineering team in “building a unified operating system”.
Natixis sells private credit business MV Credit to Clearlake Capital
Upon completion of the deal, Clearlake Capital’s credit business will have over $28 billion in AUM.
August 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from August.
August 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in August.
