Top fintech stories this week – 23 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wealth Management
Wealthtech d1g1t likes digits with $7m funding boost
Two private investment rounds led by Purpose Financial.
Lendtech SoFi flying low as losses linger
US firm has lost money for the second consecutive quarter.
Citizens Bank pioneers SigFig’s new wealthtech for financial advisors, CoPilot
SigFig unveils CoPilot, a digital wealth management platform for financial advisors.
Sustainable ETF assets soon to be commonplace among investors
Exchange-traded funds (ETFs) are estimated to be worth $400 billion in the next decade.
Mining ESG data: the rise of technology
The root of an informed valuation is the disclosure of relevant information.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
Goldman Sachs and Ayco in huge financial coaching deal with Google
Ayco will provide financial coaching to Google’s US-based employees.
FundGuard raises $4m funding to “revolutionise” investment funds tech
FundGuard, a cloud-based investment funds operating system powered by AI, has launched and raised $4m.
Banking Technology Awards 2018: shortlist announced!
Winners will be unveiled on 13 December in London!
AXA to focus on fintech investment with fund restructure
AXA Investment Managers turns its £55m Framlington Financial fund into a fintech one.
Fidelity launches Fidelity Digital Assets for crypto tech
Bringing blockchain and crypto to institutional investors.
Goldman Sachs to spin off Simon finance app
In advanced talks with several firms to sell its three-year-old app.
Hydrogen and TD Bank in their element for DIY financial planning
Bank’s clients will have new tools to build their own financial plans and portfolios.
Baltimore in awe as Facet Wealth scores $33m funding
US wealthtech plans to expand its personal financial planning platform.
Due to popular demand: Banking Technology Awards entry deadline extended!
Submit your nominations by 7 September 2018.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
Why be a part of Banking Technology Awards?
Nominate best fintech projects and people by 31 August!
The vital role of actionable content
Retail investors are more informed and independent than ever before.
SFOX raises $23m funding for crypto asset management platform
Series A funding round led by Tribe Capital and Social Capital.
FinTech for Good Award: honouring organisations for outstanding social impact
Enter Banking Technology Awards by 31 August!
DriveWealth and Bambu join forces on robo-advisory tool
Two wealthtech companies from opposite sides of the globe have built upon their partnership.
SS&C to acquire wealthtech Eze Software for $1.45bn
Boston-based Eze is a provider of investment management solutions.
Tips for writing a Banking Technology Awards winning entry
Let us know why your project deserves the recognition.
The rise of wealthtech
Artificial intelligence (AI) and machine learning (ML) are revolutionising wealthtech.
State Street to buy Charles River Systems for $2.6bn
Will acquire US investment management front office solutions provider.
We’re looking for inspiring people in fintech!
Nominate outstanding individuals for a Banking Technology Award
TD Ameritrade unveils $100k RIA innovation quest
Wants smart ideas for registered investment advisors.
Banking Technology Awards 2018: celebrating people that make things happen!
Taking place on 13 December in London.
Additiv and Orange Business Services in juicy wealthtech hook-up
European robo-advisor Additiv makes its cloud-based tech available to banks and FIs.
Banking Technology Awards 2018: celebrating most innovative projects of the year!
Enter the awards by 31 August.
US financial planner Grove gets groovy with $8m funding
It publicly launched four months ago.
SmartAsset scoops up $28m in new funding
Series C round takes company’s total equity capital to more than $51 million.
Wealthtech robo-advisor SigFig raises $50m
Series E funding round led by growth equity firm General Atlantic.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Banking Technology Awards 2018 now open for entry!
Recognising excellence in the use of IT in financial services.
Temenos on M&A trail to grow US business
Anti-money laundering (AML), fraud and wealth management are the focus areas.
Wealthtech firm WeInvest raises $12.3m, Schroders among investors
The financing comes from angel investors and Schroders.
Personal Capital lands $15m credit extension
Gets money from Silicon Valley Bank.
TD Bank turns to CGI for wealthtech revamp
Canadian bank to use Wealth360 Portfolio Management platform.
