JP Morgan in talks with China Merchants Bank over another wealthtech venture
JP Morgan already holds a majority stake in a Chinese venture.
Wealth Management
InvestSuite raises €3m in third seed funding round
Wealthtech firm plans to take advantage of a digitising industry.
China’s central bank issues Ant Group ultimatum after blocked IPO
The Peoples’ Bank of China wants Ant to overhaul its business or face the consequences.
Former JP Morgan execs launch wealthtech Vestrata with $4m
Vestrata has already signed up a number of investment managers and solution partners.
Innovations – moonshot thinking and the art of walking the Earth
In wealth management, innovations need challengers, ambitious goals… and patience.
FNZ acquires investment solution vendor Silica from Ninety One
Silica claims to service more than 1.3 million investor accounts.
Boutique wealth manager CWPW launches in UK
CMPW is taking a “hybrid” approach, of both AI and human interaction.
Owner of Hong Kong robo-advisor Aqumon lands Alibaba-backed $30m
Aqumon offers B2C and B2B solutions.
Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Morgan Stanley fined $60m for improper disposal of personal data
The OCC found examples in 2016 and 2019 of failure to oversee third party companies.
Chinese lender Lufax set for US IPO despite Trump’s delisting plans
The IPO could raise between $2 billion and $3 billion.
Japan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal
Major investor Warburg Pincus currently owns 45% of Avaloq.
JP Morgan Asset Management signs Morgan Money deal with SAP
SAP to deploy Morgan Money on its client-facing delivery platform.
Impact investing: the powerful new trend
Barry Palte, chairman of EQ Capital Partners makes a case for ESG investments.
The new face of client relationships in wealth management
Wealth managers now have access to more tools than ever to digitise processes.
Nedbank Private Wealth appoints Chris Kirk as new chief risk officer
Chris M Kirk joins the firm to support its international growth.
Report: The total economic impact of Appway Onboarding for wealth management
Increased revenues and improved efficiency for internationally operating wealth management firms and private banks.
Four US digital trading apps experienced technical issues this week
It’s rare for as many as four digital brokerage platforms to experience issues all at the same time.
Bankia becomes Avaloq’s first Spanish banking client
The Spanish firm has picked an on-premises deployment of Avaloq tech.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Grab launches micro-investment, third-party loan and BNPL offerings
The firm is further cementing itself in the financial services industry.
Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
Timing is everything: launching a bank amid COVID-19
“We never planned to launch a bank during a global pandemic,” says the CEO of Monument.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
Report: The future of digital wealth management
A new FinTech Futures report examines the future of wealth management in a digital era.
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
The roaring 20s: when the asset manager becomes a data manager
Failure to adapt won’t just impact your existing client base’s investments.
FNZ and State Street collaborate on wealth management servicing venture
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
Introducing CRUX Digital Days – getting the crux of the tech matter
What’s shaping the financial services technology industry of today and what awaits it tomorrow?
Commerzbank shareholder calls for 7,000 job cuts
Cerberus Capital Management makes demands of German bank.
APRA hits CBA and Suncorp with pensions conditions
Aussie regulator is unhappy with the pair’s treatment of customers.
TransferWise lands licence from FCA to offer investment products
The move marks its second side-step from cross-border payments.
Pagaya raises $102m in Series D funding round
The US-Israeli wealthtech will use the investment to hire more top tier data scientists.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
IBM signs services deal with Dutch insurance giant Aegon
IBM set to manage Aegon’s run-off life insurance until 2066.
Microgen and Touchstone rebrand merged business to TrustQuay
Since the November 2019 merger, the firm has signed a handful of new deals.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Banco Itaú International picks Temenos Infinity to revamp wealth management
The Brazilian financial group is revamping its international and Swiss operations.
Smarterly secures £7m in Series A funding round
Some of the investment was used to complete the recent acquisition of Salvus.
