Proven to standardise Caribbean operations on ERI’s Olympic core banking system
ERI says the move will position Olympic as “the primary core banking platform in a multi-entity set-up” at Proven.
Wealth Management
Morgan Stanley appoints Ted Pick as new CEO
James Gorman will transition to the role of executive chairman after serving as CEO for the last 14 years.
German funds servicer Universal Investment names Francesca McDonagh as group CEO
McDonagh is to assume the position from 1 January 2024, taking over from interim group CEO David Blumer.
Liberum Wealth goes live with Profile’s Axia Custody solution
Liberum will utilise the tech to improve the management and personalisation of its custody and execution operations.
ICYMI fintech funding round-up: Statement, iink, Finzly and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Finland’s Aktia Bank goes live with Temenos Payments Hub
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
US fintech Stash lands $40m in funding and appoints Amy Butte as independent audit chair
The company has now raised more than $500 million since its inception in 2015.
GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
Financial safety start-up Carefull secures $16.5m in Series A funding
Carefull’s tech helps banks and wealth advisors protect senior customers from financial fraud.
HSBC acquires Citi’s $3.6bn consumer wealth portfolio in China
The deal is expected to close in H1 2024, with HSBC planning to extend offers to “in-scope employees” in China.
ICYMI fintech funding round-up: Mantle, SaaScada, Rainforest and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Finalists announced for Banking Tech Awards 2023
Take a look at the 2023 Banking Tech Awards finalists!
UBS taps Broadridge for sponsored repo solution
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
UK fintech funding round-up: Apron, Vega and Mintago
A handy round-up of the recent funding endeavours of fintech companies in the UK.
Wealth management firm Farther more than doubles valuation following $31m Series B
The New York-based firm intends to invest the funding into its wealth management portal and talent.
Deutsche Börse set to take over wealthtech firm SimCorp
Deutsche Börse first announced the acquisition in April as a means of developing its investment management business.
SEC hands $25m penalty to Deutsche Bank subsidiary for AML violations and ESG “misstatements”
DWS Investment Management Americas Inc. has agreed to pay the penalty without admitting or denying the SEC’s charges.
Santander reorganises structure to streamline operations
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
MoneyMasters goes live with Profile Software’s Axia Suite for digital wealth management
MoneyMasters intends to leverage the partnership to expand its services within the Caribbean region.
ThinkMarkets launches ThinkPortal app for on-the-go account management
ThinkPortal app is a new multi-functional mobile app for traders.
It’s beyond time for a new future of aging
With people living longer and healthier lives, many are working longer and in new and different ways.
OTPP snaps up Caledonia Investments’ majority stake in wealth management firm 7IM for £255m
Caledonia Investments bought 7IM in September 2015 for around £100 million.
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Some offers for the Atlanta-based fintech are reportedly topping $800 million.
Goldman Sachs sells personal financial management business to Creative Planning
The move is part of the bank’s continued shift to focus on serving ultra-high-net-worth individuals.
Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Yahoo Finance builds out investor insights with Commonstock acquisition
Launched in 2020, Commonstock is backed by investors including Coatue, QED and Floodgate.
Trading Technologies enhances buy-side appeal with Abel Noser Solutions acquisition
The deal is expected to close on 31 August.
SEC hands fintech investment advisor Titan $850,000 penalty for misleading clients
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
WealthKernel confirms Aqsa Tariq as new chief financial officer
Tariq joins WealthKernel from FNZ Group, where she was group head of business intelligence for three years.
On-demand webinar: Wealthtech disruption – top 5 trends to watch out for in 2023
Learn why high-quality, use case-specific data is crucial to power wealthtech solutions and apps.
eBook: Top trends in wealthtech and how aggregated financial data fuels your innovation
Download our ebook to uncover the four trends in wealthtech driving innovation.
White paper: Make aggregated data your most valuable asset
Discover the four factors of superior aggregation for enterprise level investment use cases.
SEC brings the hatchet down on Wall Street’s bad recordkeeping with $289m in fines
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
Discover Financial Services’ CEO and president Roger Hochschild steps down
Hochschild will serve in an advisory role at the company until the end of the year to ensure a smooth transition.
Nationwide Building Society transfers financial planning service to Aegon UK
The transfer is set to take place in early 2024.
Nutmeg and Chase UK CEO Sanjiv Somani resigns
According to a Companies House filing, Somani has resigned as head of Nutmeg and JP Morgan Europe.
ICYMI fintech funding round-up: Chargeflow, Knot, Treasure Financial & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LSEG announces Irfan Hussain as its new chief information officer
Irfan Hussain joins LSEG from Goldman Sachs, where he has worked since 1995.
Naga integrates Rezolve AI into its social trading platform
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
Singapore’s Endowus raises $35m as it eyes regional expansion
The round saw participation from existing investors including UBS Next, EDBI and Prosus Ventures.
