WealthTech
IFGS 2023: The future of wealth management
New technologies such as the much-hyped ChatGPT and social media platforms like TikTok promise to deliver financial advice in new and useful ways to...
Landytech raises $12m to expand internationally
Landytech, an investment reporting platform, has secured $12m in series B funding.
The funding will be used to accelerate Landytech’s growth as the company...
Wells Fargo launches in-app product for wealth management customers
Wells Fargo has launched LifeSync, a personalised digital platform to help its customers plan and track their money.
The product will be available to Wells...
South African investment platform EasyEquities to offer life insurance
EasyEquities, an investment platform, has partnered with digital insurer Sanlam Indie to offer a life insurance product for young investors.
The life insurance policy provides...
WealthKernel appoints new CCO
WealthKernel, a UK-based wealth tech provider, has appointed Mike Rigby as its new chief compliance officer.
In his new role, Rigby will lead the compliance,...
Sharegain launches securities lending product in the US
UK fintech Sharegain has launched its securities lending-as-a-service (SLaaS) product in the US.
Operating in the UK since 2016, Sharegain’s SLaaS solution is used by...
SUMA acquires Reel to further help Latinos build wealth
SUMA Wealth, a fintech dedicated to improving the financial wellbeing of young US Latinos, has acquired savings platform Reel.
As part of the merger, Reel...
Investment app Stash names new CEO
Stash, an investment app, has named Liza Landsman as its new chief executive officer.
Landsman has been on Stash’s board since mid-2022, and joins the...
FNZ acquires Germany’s Fondsdepot Bank
Wealth management provider FNZ has acquired Germany-headquartered Fondsdepot Bank.
The acquisition is the latest in Germany by FNZ, having previously purchased investment platform ebase and...
Bondsmith becomes a principal member of Visa
Bondsmith, a banking services provider, has become a principal member of Visa to extend its embedded banking services in the wealth management industry.
As fintechs...
National Bonds announces partnership to help customers save in UAE
UAE-based National Bonds has partnered with cross-border payments provider Lulu Exchange to help its customers boost their savings.
The company claims the partnership will make...
Moneyfarm expands with acquisition of Profile Pensions
Moneyfarm, an online wealth management firm, has agreed to acquire UK digital pension provider Profile Pensions.
The deal brings it 24,000 customers and increases its...
FNZ to acquire specialist wealthtech provider DIAMOS
Wealth management firm FNZ has agreed to acquire DIAMOS, a specialist wealthtech provider based in Germany.
DIAMOS serves the entire wealth management sector, including asset managers...
SigFig hires chief product officer and director of digital wealth products
Financial services software firm SigFig has appointed Amanda LaFerriere as its chief product officer and Clifford Schoeman to the role of director of digital wealth...
Chip enhances savings experience with TrueLayer Payments
TrueLayer, an open banking provider in Europe, and wealth fintech Chip are teaming up to deliver an improved customer experience through dramatically faster account...
Wealthtech TIFIN raises $109m to pursue continued growth
Wealthtech firm TIFIN has closed a $109 million series D funding round and achieved a valuation of $842 million.
US- and India-based TIFIN plans to use...
Avaloq goes live with first client in Taiwan
Avaloq has successfully implemented its core banking system at Cathay United Bank to support the bank’s continued growth.
The Avaloq Core Platform will cater to...
Wealthtech company Wealth Wizards strengthens executive team
UK wealthtech company Wealth Wizards, a part of Royal London Group, has appointed two new members to its executive team.
Mark Kiddell has joined the...
Wealthtech FNZ raises massive private equity investment
FNZ, the provider of a global wealth management platform for institutional clients, has raised $1.4 billion of new equity funding.
The enormous fundraising values the...
Lloyds Banking Group to acquire Embark for £390m
Lloyds Banking Group is acquiring Embark Group, one of the largest retirement solutions providers in the UK, for £390 million.
As part of the deal,...
JPMorgan Chase to acquire UK wealthtech Nutmeg
JPMorgan Chase has struck a deal to buy UK-based digital wealth management provider Nutmeg.
Reports value the transaction at £700 million. The acquisition comes as...
Standard Chartered partners with Franklin Templeton to launch Autumn
SC Ventures, the innovation and ventures unit of Standard Chartered, and asset management firm Franklin Templeton have partnered up to launch Autumn, a wealth,...
InvestCloud acquires Advicent and the NaviPlan platform
InvestCloud, a provider of cloud-based financial digital solutions, has acquired Advicent, a specialist in cash flow, trust and tax financial planning technology.
Advicent, a Vista...
Purpose Financial welcomes Allianz X as shareholder
Canadian fintech company Purpose Financial is aiming to build its infrastructure for a period of prolonged growth and expand its product offering after raising...
Chip records a 222% increase in total user savings for January
Savings app provider Chip recorded a 222% increase in the total amount put aside by savers in January 2021 compared to the same month...
InvestSuite lands €3m in new funding
Wealth technology company InvestSuite intends to build on the digital transformation momentum brought about by the pandemic with €3 million in new funding.
InvestSuite, a...
NEC to buy Avaloq for $2.2 billion
Japanese electronics conglomerate NEC has struck a deal to buy Switzerland-based Avaloq, a provider of digital banking solutions, core banking software and wealth management...
InvestSuite partners with Synechron
Belgium-based fintech company InvestSuite has partnered with Synechron to develop modern digital investment solutions.
Synechron, a global digital IT consultancy firm for financial services, will...
Digital wealth manager Scalable Capital raises €50 million
Germany-based wealth manager Scalable Capital, hot on the heels of its B2B partnership with Barclays, has raised €50 million in series D funding.
The funding,...
Lockdown has fired starting pistol in sprint to financial services digitisation
One of the consequences of lockdown has been financial services firms bumping digitisation to the top of their to-do lists, bringing multiple benefits to...
How investment platform automation is helping financial advisers in lockdown
The financial advice industry has been forced to rapidly—and quite possibly irreversibly—change as a result of the spread of coronavirus (Covid-19) and subsequent lockdown....
Flagstone raises £12 million in funding
Flagstone, the London-based fintech behind the UK cash deposit marketplace, has raised $15 million (£12.05 million) in venture capital.
The funding round was led by...
InvestSuite raises €2 million for robo adviser wealthtech platform
Wealthtech startup InvestSuite has raised an additional €2 million through a seed extension round.
The additional funding, led by investment company PMV with participation from...
Flagstone adds new deposit taker to smart cash platform
London-based Flagstone has added a new deposit taker to its investment management platform, expanding the pool of savings products that its small- and medium-sized...
Refinitiv acquires US wealthtech Scivantage
UK-based analytics firm Refinitiv has acquired US wealthtech Scivantage with a view to expanding the capabilities of its wealth management portals.
Refinitiv, which is itself...
Morgan Stanley eyes $13 billion E-Trade acquisition
Online brokerage firm E-Trade is the subject of an acquisition bid that, if successful, would move investment bank Morgan Stanley into the consumer trading...
Wealthtime acquisition for PE firm
UK wealthtech Wealthtime, a digital hub for independent financial advisers (IFAs) to consolidate investment portfolios, is moving into private equity hands.
European financial services private...
Lead investor WisdomTree eyes ETFs with Securrency blockchain tech
Securrency has raised $17.65 million in funding from investors including WisdomTree Investments, which believes the fintech's blockchain-based market infrastructure technology has applications in exchange-traded...