Additiv and Orange Business Services in juicy wealthtech hook-up
European robo-advisor Additiv makes its cloud-based tech available to banks and FIs.
Wealth Management
Banking Technology Awards 2018: celebrating most innovative projects of the year!
Enter the awards by 31 August.
US financial planner Grove gets groovy with $8m funding
It publicly launched four months ago.
SmartAsset scoops up $28m in new funding
Series C round takes company’s total equity capital to more than $51 million.
Wealthtech robo-advisor SigFig raises $50m
Series E funding round led by growth equity firm General Atlantic.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Banking Technology Awards 2018 now open for entry!
Recognising excellence in the use of IT in financial services.
Temenos on M&A trail to grow US business
Anti-money laundering (AML), fraud and wealth management are the focus areas.
Wealthtech firm WeInvest raises $12.3m, Schroders among investors
The financing comes from angel investors and Schroders.
Personal Capital lands $15m credit extension
Gets money from Silicon Valley Bank.
TD Bank turns to CGI for wealthtech revamp
Canadian bank to use Wealth360 Portfolio Management platform.
Spotlight: how Alpha Suite is helping fund managers to succeed
TradeSocio’s Alpha Suite has become highly significant for fund managers, brokers and investors.
Bambu goes global with new office and talent
In fintech, when the going is good, the good go global.
Five ways AI is disrupting financial services
Whether you realise it or not, artificial intelligence (AI) is taking over the world.
No downside for Flipside Crypto with $3.4m funding grab
To date, Flipside has operated as a sort of data-driven angel network.
Robo-advice: the future is now
While we know that robo-advice is here to stay, who is actually using it?
Finantix acquires Asian wealthtech start-up Smartfolios
Deal brings in quant-enabled investment tools for digital 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!
New customers drive Avaloq to record 2017 revenue
Swiss core banking vendor reveals record revenue of over $584.4m.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
Interview: Dmitry Leus, Imperium Investments – how to protect money?
Reading smart books and applying other successful investment strategies will not lead to success.
Wealthfront rakes in $75m
The financing was led by Tiger Global Management with participation from existing investors.
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.
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.
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. […]
Wealthtech is coming to the High Street
For those in employed in financial services, technology has always been important – integrated systems for operations and execution have been with us for decades. But to the banking customer at a High Street branch the advances in technology may not be obvious. However, slowly and surely innovations from the fintech sector are filtering down to the mass-market.
Personal Capital extends Series E funding round by $40m
Wealth management company Personal Capital has scored $40 million in additional funding. The money comes from existing investors as an add-on to the $75 million Series E the firm received from IGM Financial in May 2016, reports Finovate (Banking Technology‘s sister company). This brings Personal Capital’s total funding to $215 million since it was founded in 2009 […]
Allfunds unveils API platform for wealth management
Allfunds Bank Group is all for APIs with the launch of a new platform targetting the wealth management industry. The platform offers a “fully digitised way” of accessing Allfunds services by providing access to third party applications using standardised APIs which it says comply with emerging regulatory norms such as MiFiD II. Like many other […]
HSBC to debut robo-advice investment service
HSBC is entering the robo-advice market with the launch of a new online service for wealth management advice The service will use data and algorithms and will make personal recommendations based on an individual’s circumstances. It is expected to be available by the end of the year. The bank says this will “open up wealth […]
IBM Cloud launches new developer tools for financial services
IBM has unveiled its IBM Cloud for Financial Services for creating finserv apps. Users will get access to APIs, data and content to build and monetise cognitive-enabled apps for fintech firms, banks, wealth management firms and insurance companies. Initially available in beta, developers will also have the ability to build in customer insights, regulatory compliance […]
White paper: accelerating digital wealth management
Private banking and wealth management transformation programmes don’t need to be too risky, lengthy or costly!
UBS extends agreement with EPAM Systems worth $300m
The world’s largest wealth manager UBS has extended its long-standing agreement with EPAM Systems, a provider of product development and software engineering solutions. The agreement – worth over $300 million – “supports the bank’s strategic cost reduction programme”, according to EPAM.
Validata and OneAston in strategic partnership for Temenos projects
Validata Group, a specialist in enterprise software testing and release automation, has teamed up with OneAston, a Singapore-based tech services provider to the wealth management industry, to jointly work on Temenos’ WealthSuite projects.
BNP Paribas Wealth Management goes for digital client experience and “pizza” teams
BNP Paribas Wealth Management has unveiled its new Client Experience venture co-created with customers and fintech firms. The initiative focuses on digital solutions as the bank is keen to “create a new wealth management experience”.
InvestCloud acquires Babel Systems for $20m
California-based InvestCloud has acquired Babel Systems in London for $20 million. Babel provides a modular and API-based trade and accounting platform, while InvestCloud has over 660 clients with “accounting needs served by legacy accounting systems that were designed in the last century”. This acquisition links InvestCloud’s digital platform with Babel’s capabilities. InvestCloud will also continue […]
JN Fund Managers in digital tech revamp with Objectway’s Conectus
JN Fund Managers (JNFM) has chosen Objectway’s Conectus solution for digital communication and reporting on clients’ investments. JNFM, a wholly owned subsidiary of Jamaica National Building Society (JNBS), will use interactive collaboration tools such as chat, video call and screen-sharing. Investors will also be able to make requests digitally and place trade orders. Sharon Whitelocke, […]
This isn’t the end of the advisor: why tech won’t cut out the middle man
Who do you trust with your money? Well, if the latest talk in personal finance is anything to go by, we’ll soon be placing our trust in an altogether less warm-blooded beast. Move over mankind: the robots are coming. But not so fast!
