FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
News, intelligence and resources on the global fintech industry including topics such as investment, asset & fund management.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Deutsche Bank plans to fold its UK and Ireland corporate finance business into Numis.
Revolut will initially offer a multi-currency account and crypto investing for customers.
The AUD 125 million ($84m) deal remains subject to Yieldbroker stockholder approval.
SimCorp will sit within a newly created investment management solutions segment, Deutsche Börse says.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The omnichannel digital onboarding solution has been built using Codebase’s Digibanc platform.
Bunker will make it easier for LatAm consumers to open and manage US investment accounts.
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Wealthtech and banking technology provider Objectway sets out its strategy.
The acquisition takes Platform One’s total assets under administration to £2.7bn.
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
Schroders has marked down its Revolut shareholding by 46%, and its stake in Atom Bank by 31%.
Hackett was most recently president of BMO’s wealth management division in the US.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Silvester replaces outgoing COO Sharon Miles, who is joining OakNorth Bank as its new group COO.
The new entity, named Clearstream Fund Centre, operates under a Luxembourgian commercial banking licence.
The new offering will provide Virgin Money customers with three investment funds to choose from.
The new funding follows a previously undisclosed $110 million Series C round in November 2021.
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Milleis, which stems from Barclays’ wealth management business in France, embarked on the project in 2018.
Ermotti was previously group CEO of UBS for nine years between 2011 and 2020.
The Thailand-based wealth management firm will deploy the Swiss vendor’s Temenos Wealth solution.
Share your views in our brief survey and win a £100 / $100 / €100 Amazon gift card!
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
The acquisition is expected to be completed by the end of this year subject to customary closing conditions.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The financial details of the acquisition, expected to close in H1 2023, have not been disclosed.
Seilern will utilise the cloud-native LUSID platform to optimise its investment decision making.
The new business entity will be worth more than $5 trillion, with invested assets worth more than $1.5 trillion.
Via the partnership, the pair have developed Santander PathFinder, an automated investment management tool.
A deal could be made in the next few months with the unit valued at around £250m, Sky News reports.
Rigby joins from Investec Wealth and Investment and brings over 30 years’ worth of experience to the role.
A handy round-up of the recent funding endeavours of fintech companies across the UK.
Most recently, Wäckerlin was CTO and executive director at Swiss crypto bank Sygnum.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FNZ says the acquisition will strengthen its client proposition and build out its presence in Luxembourg.
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.