WealthTech

Lloyds Banking Group to acquire Embark for £390m

Lloyds Banking Group to acquire Embark for £390m

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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 to acquire UK wealthtech Nutmeg

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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

Standard Chartered partners with Franklin Templeton to launch Autumn

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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 acquires Advicent and the NaviPlan platform

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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

Purpose Financial welcomes Allianz X as shareholder

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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 percent increase in total user savings

Chip records a 222% increase in total user savings for January

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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

InvestSuite lands €3m in new funding

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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

​​​​​​NEC to buy Avaloq for $2.2 billion

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​​​​​​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 to develop investment solutions

InvestSuite partners with Synechron

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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 asset manager Scalable Capital raises €50 million

Digital wealth manager Scalable Capital raises €50 million

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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

Lockdown has fired starting pistol in sprint to financial services digitisation

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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

How investment platform automation is helping financial advisers in lockdown

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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 raises £12 million in funding

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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

InvestSuite raises €2 million for robo adviser wealthtech platform

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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

Flagstone adds new deposit taker to smart cash platform

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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

Refinitiv acquires US wealthtech Scivantage

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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

Morgan Stanley eyes $13 billion E-Trade acquisition

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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 private equity firm

Wealthtime acquisition for PE firm

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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

Lead investor WisdomTree eyes ETFs with Securrency blockchain tech

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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...