Metrobank in the Philippines taps Temenos for its wealth management tech
The Temenos Wealth solution will be implemented by the vendor’s regional partner CBTW.
Wealth Management
UK cash deposit platform Flagstone lands £108m investment from Estancia Capital Partners
As part of its investment, Estancia Capital Partners will take a minority stake in the company.
Nick Parsons named new Calastone chief technology officer
Calastone has also hired Adam Belding as chief architect of its Digital Investments programme.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Pension and investment mutual Royal London appoints Peter Josse as new group COO
Josse has most recently served as Barclays’ chief information officer, and the group’s digital CIO.
UK wealthtech start-up Sidekick debuts new wealth management app
The recent launch became feasible after the start-up secured £3.3 million in pre-seed funding in 2022.
Webull set for Nasdaq public listing via $7.3bn SPAC merger
The merger between Webull and SK Growth Opportunities is due to close in H2 2024.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
FinovateEurope 2024: Tech demos, AI and tokenisation dominate day one
Industry innovators and thought leaders gathered in London on Tuesday for the opening day of FinovateEurope.
Vencora acquires Crealogix to bolster banking tech portfolio
Vencora now owns 99.07% of Crealogix’s issued share capital and voting rights.
Quai Digital selects WealthOS as new strategic technology partner
Quai Digital CEO Tony Webb says the collaboration will enable the company to “grow our operational capability”.
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Security Bank selects Avaloq to digitise wealth management business
The bank will leverage the Avaloq Core platform and its Relationship Manager Workplace solution.
Family finance app Nosso becomes latest UK fintech to wind down operations
The start-up’s app helped parents invest and plan for their children’s financial futures.
LPL Financial snaps up Atria Wealth Solutions for $805m
The acquisition will see LPL Financial take ownership of Atria’s seven broker-dealer subsidiaries.
Virgin Money buys out Abrdn stake in investments joint venture
The pair expect to close the all-cash transaction in April.
Wealthify taps embedded banking platform ClearBank to power its new savings account
Wealthify’s new instant savings account will offer an interest rate of 4.91% AER / 4.80% gross.
Wealth management firm JM Finn hires new chief operating officer
JM Finn has also appointed Andrew Dunkin as its new head of projects.
RF Group taps core vendor ERI to power its Caribbean banking operations
The Bahamas-based firm will adopt ERI’s Olympic Banking System as its new core banking platform.
Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass
The software will support the origination of mortgages for high-net-worth borrowers.
Banking Technology Magazine February 2024 issue out now
Cover story: PLANT LIFE – Talking flora and quantum computing.
Schroders Personal Wealth announces launch of new investment platform
The proposed platform is set to arrive in the summer, along with a new client mobile app in Q2.
FinTech Futures: Top five news stories of the week – 26 January 2024
Our pick of the top fintech news stories this week includes Abrdn, Kashable, Synchrony and more.
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
The cuts are expected to impact group functions and support services across its middle management.
Italy’s Objectway doubles down on North American wealth market with acquisition of Nest Wealth
The deal will see the fintech take ownership of Nest Wealth’s digital wealth solutions and client portfolio.
FinTech Futures: Top five news stories of the week – 12 January 2024
Our pick of the top fintech news stories this week includes Zilo, Ant Group, FirstOntario and more.
InvestCloud names Motive Partners’ Jeff Yabuki as new CEO and chairman
Yabuki also currently serves as chairman and founding partner of Motive Partners.
WealthCo Asset Management taps Duco to automate manual data tasks
WealthCo says the Duco platform has helped it build “volume-agnostic” automated processes.
Bill Crager to step down as CEO of Envestnet
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
UK fintech start-up Zilo lands £25m in Series A funding
The funding was led by FISV and Portage, with participation from State Street and Citi.
Kinecta Federal Credit Union taps FusionIQ for digital wealth platform
The credit union has adopted the FusionIQ One platform to power its ascent into digital investing services.
Beem Credit Union appoints Sue Britton as chief innovation officer
Beem Credit Union will launch on 1 January in Canada with the merger of Gulf & Fraser and Interior Savings.
The What the FinTech? podcast | Season four’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
TSX operator TMX Group snaps up remaining 78% stake in VettaFi for $848m
The group initially paid $175 million for approximately 22% of VettaFi back in January.
Apex Fintech Solutions files draft statement for IPO with US SEC
Apex says the number of shares to be offered and the price range have not yet been determined.
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Report: Trends in technology for the wealth management community
Delving into the wealth management industry issues, competing priorities, budget, expertise and culture – now and in the future.
VersiFi hires two senior execs from Hazeltree to boost tech and infrastructure development
Sol Zlotchenko and Daniel Zayfman join VersiFi as CPTO and CISO, respectively.
