Finantix acquires Asian wealthtech start-up Smartfolios
Deal brings in quant-enabled investment tools for digital wealth management.
Wealth Management
Top fintech stories this week – 9 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Objectway Conference 2018: the eternal digital city
When in Rome, reveal the latest insights on digital ambitions and wealthtech.
Wealth Wizards keen to “revolutionise” UK’s advice sector
UK-based fintech Wealth Wizards has launched Turo, a new artificial intelligence (AI) solution.
New customers drive Avaloq to record 2017 revenue
Swiss core banking vendor reveals record revenue of over $584.4m.
Metropole Gestion revamps front and middle office ops with SimCorp Dimension
French asset management firm will integrate solution across its range of equity, fixed income and diversified funds.
Barclays France in wealth management tech revamp
New owner AnaCap aims to create “the leading independent wealth manager in France”.
Nomura goes quantum in asset management space
Launches joint research project with Tohoku University in Sendai.
Thailand’s Kasikornbank selects Avaloq core banking system
The project will be Avaloq’s first in the country.
Jyske Bank turns to Munnypot for robo-advisory tools
Munnypot breaks out of the UK with its robo-advisory proposition.
BNP Paribas buys ABN Amro’s Luxembourg business
ABN Amro (Luxembourg) sees no future for its wealthtech business in the country.
Edmond de Rothschild moves core mainframe system to LzLabs
Hops over to LzLabs’ Linux-based alternative, running on x86 servers.
India’s RBL Bank calls for fintech start-ups
Funding and mentorship on offer for 20 firms.
UK fintech in record VC investment
VC investment in the nation’s fintech firms was up 153% at $1.8 billion in 2017.
Personal Capital launches socially responsible investing
Clients can select a strategy with same pricing structure as the rest of its offerings.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
EFG and BSI unite on Temenos T24 core banking system
The BSI business was moved from Avaloq Banking Suite onto Temenos’ T24.
SoFi’s choice: former Twitter COO to take helm as new CEO
Social media’s loss is social finance’s big gain.
Interview: Dmitry Leus, Imperium Investments – how to protect money?
Reading smart books and applying other successful investment strategies will not lead to success.
SS&C to acquire DST Systems for $5.4bn
Looking for more market opportunities for outsourcing in financial services.
Wealthfront rakes in $75m
The financing was led by Tiger Global Management with participation from existing investors.
DOS & Co to launch London’s first digital private bank
UK-based advisory firm DOS & Co is the latest name in challenger banking.
Envestnet finalises acquisition of FolioDynamix for $195m
Wealthtech firm FolioDynamix is now part of Envestnet.
Top ten wealthtech stories in 2017
A wealth of talent washed over us in the wealthtech space in 2017.
UBS seeks global finance and risk tech CTO
UBS is looking for a chief technology officer (CTO) for finance and risk technology.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
ABN Amro’s Prospery supported by Five Degrees’ tech
EXCLUSIVE: ABN Amro’s new wealth management proposition, Prospery, has implemented Five Degrees’ Matrix solution.
Prosper with ABN Amro’s Prospery wealth manager
ABN Amro has unleashed Prospery, its online wealth manager offering digital asset management combined with personal coaching by experts.
Allianz accelerates to new digital investments
Allianz with its in-house incubator, Allianz X, has switched gears and pivoted towards a new range of digital investments.
Wealthtech: a market poised for extended growth
Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments. This changing wealth management landscape is driving a significant uptick in transactions.
RBS unleashes robo-advice service via NatWest brand
Wealthtech is coming to the UK high street as Royal Bank of Scotland (RBS) has launched a robo-advice service for around five million customers under its NatWest brand. The service will be available for clients with a minimum of £500 to invest. The total cost of advice, investment and platform fees will be at 0.95%. […]
InvestCloud goes Neon and Gray for wealthtech way
US-based InvestCloud has released two new lines of financial apps – Gray and Neon – to run on its digital platform. InvestCloud Gray digitises client interactions, providing a platform for wealth managers. While InvestCloud Neon enables wealth managers and financial institutions to automate trading, accounting and middle-office workflows. It also supports the real-time processing of […]
Supplement: Inside ETFs Europe Industry Report
Inside ETFs has produced a dedicated industry report for its 7th annual Inside ETFs Europe conference, Europe’s largest and most-respected exchange-traded funds (ETF) conference.
The UK Robo-Advice Innovation Forum: key takeaways
Distilling some of the debates and discussions and showing how robo-advice is changing wealth management and indeed impacting the banking sector.
Regions Bank completes wealthtech modernisation project with SEI
US-based Regions Bank has gone live with the SEI Wealth Platform, following an 18-month transition of its private wealth, asset management and institutional services businesses to the new platform.
Avaloq signs core banking tech deal with Bank of Asia
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
Standard Chartered gets personalised for investment ideas in Asia
This time it’s personal. Standard Chartered has launched a digital wealth management tool that can customise investment ideas in a lively and rapid manner. Called Personalised Investment Ideas (PII), the idea is to help “priority banking” clients respond faster to market opportunities with automated investment ideas based on considerations such as their risk profile and […]
Falcon plans to feather more nests with new digital platform
Zurich-based Falcon Private Bank has unveiled a new digital platform, Falcon Pulse, as it looks to boost its ambitions in wealth management. Main features will include an algo trader that daily rebalances a portfolio’s asset allocation to “optimise” performance as well as an idea generating tool that will screen market information to offer the “best […]
Why financial services should be terrified of dispensing wealth management robo-advice
Robo-advisors are software programmes that provide financial advice with minimal human intervention. Software has been providing advice for half a century, from portfolio management to trading strategies to currency management, and more. The novelty is providing robo-advice direct to consumers. Robo-advice costs less than “bricks & mortar & human” services, hopefully harvesting a bigger market. […]
Blooom surpasses $1bn in assets under management
Wealthtech company Blooom says it has surpassed the $1 billion assets under management milestone.
