Vise lands $14.5m Series A led by Sequoia Capital
“This is one of the biggest markets on Earth,” says Sequoia.
Wealth Management
Swiss private bank Lombard Odier launches fintech strategy
An active portfolio of 50 well-diversified stocks will be put together.
Avaloq extends contract with First Abu Dhabi Bank in Switzerland
The deal entails using Avaloq’s business process-as-a-service (BPaaS) systems.
Cash deposit platform Flagstone lands £12m funding
Since 2015, Flagstone says it has facilitated £5 billion in deposits.
Only the best wealth management CRM can meet today’s regulatory challenges
It is not possible to overplay the economic and reputational importance of compliance.
SS&C Technologies acquires Innovest Systems in $120m deal
The transaction is expected to close in Q2 2020.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
Deutsche Bank signs 2028 contract extension for Avaloq tech
Swiss vendor will provide BPO services foe Deutsche until 2028.
Finantix finalises acquisition of Swiss AI firm InCube
InCube will be brought into the wider Finantix portfolio.
7Q Financial Services goes live with Profile Software’s Axia
Cyprus-based investment house deploys Profile’s wealthtech.
Vietnamese fintech Finhay bags funding from Acorns’ co-founder
Acorns says the fintech is “revolutionising” access to wealth management.
KBC spins out wealthtech business into new start-up ‘everyoneINVESTED’
The start-up will focus on B2B services to help firms attract younger investors.
Data affinity and customer centricity: what luxury retailers can teach wealth managers
Useful learnings from the success of luxury retail.
DriveWealth extends to UAE with Wealthface agreement
Trading technology firm signs first Middle East deal.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
JH&P picks InvestCloud to transform digital communication
The wealth management group also expects significant cost savings.
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Three digital transformation lessons wealth management firms can learn from luxury fashion brands
Build online trust with customers and identify ways to replicate the offline experience.
Key Private Bank to run portfolio management on Charles River system
Bank says deal signals “significant opportunities.”
Canada’s RBC to create US digital bank for “super-affluent” consumers
It will arrive in the US later in 2020 or early next year.
AnaCap to acquire Wealthtime
AnaCap takes first step into UK wealth management
Wealthtech FNZ secures investment from Temasek, acquires IPSI
FNZ hopes to benefit from Temasek’s “significant presence”.
How Canada’s Wealthsimple is building a whole financial suite
“We’re building a lifestyle brand,” says the fintech’s Europe CEO.
Grab buys Singapore robo-advisory start-up Bento
Bento will be rebranded as GrabInvest.
What does open finance mean for the wealth management sector?
Five opportunities that are both clearly beneficial for investors, and technically very feasible for FIs to develop.
Kristal.AI raises $6m in Series A for algo-powered wealth management
Singapore-based firm plans Middle East expansion with fresh cash.
ICAP founder to invest £25m in new fintech fund Element Ventures
It’s one of the largest investments Spencer has made since selling Nex to the CME.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
UBS overhauls wealth management business, plans 500 job cuts
Three levels of management will be erased.
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
Wealth Wizards seeks £30m funding and new investors
The wealthtech aims “to make expert financial advice affordable and accessible to everyone”.
DBS Wealth Management extends ten-year partnership with Avaloq
The agreement will see an expanded version of Avaloq Banking Suite deployed in Singapore.
Innovate to succeed: The client call to action for wealth management
How can you become more effective in serving your clientele?
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Top tips for protecting your assets in 2020
Interesting wealth management tips to consider during 2020.
Private bank for YouTubers and high-net-worth youngsters 220 to launch for users next year
There is strict criteria to join the private banking community.
US fintech Robinhood pulls OCC banking application
The start-up is calling the withdrawal “voluntary”.
Slovenia passes law requiring central bank to pay back 2013 losses
A build up of bad loans since the financial crisis saw investors lose out in 2013.
