Five ways AI is disrupting financial services
Whether you realise it or not, artificial intelligence (AI) is taking over the world.
Robo-Advisory
UK government fires up fintech with sector strategy salvo
The nation’s overlords set out their ambitious “Fintech Sector Strategy”.
Robo-advice: the future is now
While we know that robo-advice is here to stay, who is actually using it?
Wealth Wizards keen to “revolutionise” UK’s advice sector
UK-based fintech Wealth Wizards has launched Turo, a new artificial intelligence (AI) solution.
Jyske Bank turns to Munnypot for robo-advisory tools
Munnypot breaks out of the UK with its robo-advisory proposition.
Fintech funding round-up: 19 February 2018
Features Lydia, Qara and Aye Finance.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
Glossary: what’s what in fintech
What’s what in fintech? Here is a glossary of the most commonly used terms.
Where top US banks are betting on fintech – CB Insights
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Blooom fighting fraud in world of the 401(k)
US independent robo advisor Blooom unveils new Suspicious Activity Alerts feature.
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.
The UK Robo-Advice Innovation Forum: key takeaways
Distilling some of the debates and discussions and showing how robo-advice is changing wealth management and indeed impacting the banking sector.
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.
ING goes manic for Scalable wealth management dynamic
ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany. Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios […]
New investment boosts Betterment valuation to $800m
Robo advisor Betterment is now that much closer to achieving unicorn status – courtesy of a $70 million investment from Sweden’s Kinnevik. The investment takes Betterment’s total capital to $275 million, and gives the robo advisor a valuation estimated at $800 million, reports Finovate (Banking Technology’s sister company). Praising the “strong partnership” between his firm and Kinnevik, Betterment CEO […]
Singapore regulator gives and takes advice on robo-advice
The humans at the Monetary Authority of Singapore (MAS) have laid down some guidelines and want opinions on providing robo-advisory services. In a consultation paper released today (7 June), MAS says it seeks to support innovation in financial services by recognising the unique characteristics of digital platforms. MAS states that financial institutions (FIs) regulated under […]
O-Bank goes digital in preparation for IPO
O-Bank (formerly Industrial Bank of Taiwan), is keen to transform itself into “a nimble and digitally-focused boutique lender” as it gears on for an IPO.
Mortgage Gym muscles into UK market with robo-adviser launch
The “world’s first, regulated mortgage robo-adviser” Mortgage Gym will be launched in the UK in the coming months – offering online applications in 15 minutes. The service is regulated by the UK’s Financial Conduct Authority (FCA), is free and combines robo- and live-broker advice. Mortgage Gym says its network allows brokers to acquire customers independently, […]
Robo-advice case study: Munnypot
Robo-advice has captured a lot of attention in the financial services sector of late, so it is great to find an institution that is putting it firmly into practice. Banking Technology talks to Munnypot, a recent arrival on the UK market.
Banking Technology March 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
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!
The digitisation of private banking in Italy
The financial institutions have adjusted their service and relationship models by integrating digital interaction and communication tools for private banking customers, writes Alberto Cuccu, chief product officer at Objectway. In Italy, the digitisation of banking services has for many years been focused primarily on propositions aimed at retail customers (such as payment services or home […]
Marstone teams with IBM Watson for cognitive computing-powered advice
Marstone, a New York-based financial services firm, has teamed up with IBM Watson for Wealth Management to offer digital advice assisted by cognitive computing. The plan is for Marstone’s platform, powered by Watson, to use data, patterns and natural language to provide cognitive advice and learn from experience. Margaret Hartigan, chief executive of Marstone, says […]
