Brewin Dolphin upgrades digital capabilities with Avaloq tech
The wealth manager says it has £34.9 billion under management.
Investment, Asset & Fund Management
SocGen’s trading woes amount to 1,600 staff cuts
CEO has left and trading is in a slump.
SESAMm targets US market after EUR 4.4m funding round
Expansion to Japan and London is the next objective.
TradeIt to be acquired by TradingView
The company will leverage TradeIt’s technology to bring mobile trading.
Broadway Technology acquires Barracuda FX for wealthtech push
Broadway will retain the full Barracuda FX team, operating as an independent company.
Ampega Asset Management amps it up with Murex
The wealthtech will implement MX.3 for fixed income, equity, funds, FX.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
eToro buys blockchain company Firmo
This is eToro’s first acquisition.
Wealth managers can adapt to digital assets and thrive
There are 2,000+ digital assets worth over $200bn, and a wide variety of digital investments on offer.
Objectway unveils new chatbot for wealth management
AI offers a new service model for the financial sector.
HSBC to offer BlackRock’s Aladdin software to wealthy customers worldwide
BlackRock also announces acquisition of eFront
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Sova Capital picks Iress for wealth management middle-office
Iress will also provide post-trade processing services.
Envestnet | Yodlee to acquire PIEtech for $500m
This would be the tenth acquisition for the Chicago-based company.
Crypto app Donut gets sweet $1.8m seed funding
Bringing “convenience, trust and accessibility” to managing and transacting in crypto assets.
Sweden’s SEB chooses DTCC’s Global Trade Depository to meet SFTR obligations
DTCC has added data transformation services to its SFTR offering.
AI platform Talent Ticker launches in the UK market
Unifying data across sectors to help firms make decisions more efficiently.
Capital Markets Gateway gets its way with $7.5m funding
Creating a path for capital markets professionals with a round led by StageDotO.
CC&L chooses SimCorp to deliver integrated client communications
One of Canada’s largest firms in the sector, Connor, Clark and Lunn Financial Group manages over $55 billion in assets.
FCA urges end to exit fees on investment platforms
UK’s Financial Conduct Authority calls for feedback and more competition.
TickSmith powers CanDeal’s DataVault Innovations
The company will use the Data Pooling Platform to launch its Data-as-a-Service (DaaS) offering.
Stash piles on rewards with stock-back launch
New York-based financial services platform officially boots up.
Swiss crypto outfit Amun amasses $4m funding
“We are bullish on crypto in the long-term.”
Ant Financial tag teams Hoperun for new core banking product
The Chinese firms have released their Distributed Core Banking Platform (DCBP).
German savings marketplace Raisin acquires MHB Bank
Fintech buys bank. Yes, we worked that out thanks.
Wealthtech Gluskin Sheff turns to Broadridge tech
New investment management tech will help manage portfolios and compliance.
RHB Bank gets modern capital markets tech with Murex
Malaysian deploys Murex’s MX.3 tech for its Islamic and conventional treasury and capital markets (TCM) operations.
BML Istisharat’s ICBS core system sees success in Lebanon and Morocco
Finance Bank is going live and FNAC has picked the platform.
A win-win despite the trade war: why small-time foreign investors and US markets need each other
While the trade war looks set to escalate, it seems there may be a silver lining for the US economy.
SocGen mulls thousands of job cuts from investment unit
As it seeks to consolidate its brokerage business through a partner.
FCA shows iron fist for anti-competition in asset management
Three firms have been declared in breach of the UK authority’s regulation.
Allianz X boosts fund size to €1bn for insurtech action
Looking for digital firms in insurance and asset management space.
LGT completes Avaloq roll-out across group
Austrian deal means all LGT’s main markets share this core system now.
Case study: Citizens Bank – fintech friendly
The 13th largest bank in the US pivots for digital era.
Case study: 2ndQuadrant and tastyworks – boosting PostgreSQL database performance by 400%
Consultancy and support from 2ndQuadrant for online trading platform boosts PostgreSQL database performance by 400%.
Interview: Scott Cooper, CybiWealth – investing big for small pockets
Clever investment management, frustrations, and taking care of choices.
Analysis: openfunds − raise the standard
It’s surprising how haphazardly much of the data in investment funds is distributed.
Deutsche Bank gets collateral tech from CloudMargin
“The first time a tier one bank will use a public cloud-based for collateral management.”
