Latest Wealth management News: Finextra Research

Former Merrill men launch cash management startup

Two former Merrill Lynch directors have launched a fintech startup that aims to revolutionise the way high net worth clients manage their cash deposits.

13 June 2016

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Asset owners and managers not ready for blockchain

More than half of asset owners and managers think that blockchain will be widely adopted in the investment industry in the next five years, yet many admit they do not know enough about it and hardly any have begun experimenting with the technology, according to a State Street survey.

01 June 2016

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Standard Chartered revamps mobile and online channels for African push

Standard Chartered is rolling out a new mobile and online banking service to serve one million clients across eight African markets as part of a three-year $1.5 billion commitment to a digital future.

31 May 2016

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Big banks join $40 million SigFig round

San Francisco-based robo-advisor SigFig has raised $40 million in a new financing round that includes investment from UBS and the fintech venture fund of Spain's Banco Santander.

24 May 2016

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Robots on the high street: MoneyFarm opens pop-up shop

Digital investment advisory firm MoneyFarm is looking to bridge the gap between the impersonal world of the robo-advisor and the confidence-building connection achieved via a human intermediary by opening its first pop-up shop in Milan.

20 May 2016

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UBS strikes alliance with robo-advisor SigFig

UBS has invested in wealth management tech firm SigFig as part of a strategic alliance that will also see the San Francisco startup create digital tools for the Swiss bank's US advisors.

16 May 2016

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Krawcheck launches robo-advisory service for women

Former Bank of America and Citi executive Sallie Krawcheck has launched a robo-advisory company catering specifically to women.

11 May 2016

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Investment pros wary of robo-advisor threat

Investment professionals around the world expect robo-advisors to start replacing humans in the mass affluent market, but are far less concerned that computers will oust them from their work with higher net worth clients.

04 May 2016

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Robo-advisor Betterment raises $100m

Betterment has raised $100 million in a funding round led by Swedish investment firm Kinnevik which values the American robo-advisor at $700 million.

29 March 2016

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Investment management ousts payments as fintech's hottest area

Move over payments, London's hottest fintech scene is now investment management, according to a report from PwC and Startupbootcamp which claims a host of upstarts are transforming the way money is managed.

24 March 2016

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Finra takes a closer look at robo-advisors

US regulatory body Finra (Financial Industry Regulatory Authority) has waded into the growing market for robo-advisory services, warning firms of the need for sound governance and supervision of digital investment tools.

15 March 2016

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RBS to cut 550 jobs in preparation for robot revolution

Royal Bank of Scotland is to cut 550 jobs as it scales back on in-person advice to customers with less than £250,000 to invest.

14 March 2016

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