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Latest Results from /wealth

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ION buys Financial Software Systems

Fintech vendor ION Group has acquired Financial Software Systems, a US provider of treasury management, capital market and wealth management technology. Financial terms of the deal were not disclosed.

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Spend more on personal care and less on technology, wealthy customers tell banks

The UK wealthy are resisting engaging with their banks via new technologies in a bid to return to old school banking values, according to a YouGov survey of 1000 high net worth individuals.

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Nutmeg introduces private banking for regular people

Nutmeg, an online investment manager promising to offer private banking-type services for everyone, has launched in the UK.

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La Caixa boosts customer communications with tech overhaul

Spain's la Caixa is introducing a range of online tools designed to make it easier for customers to communicate with its asset managers.

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Private banks 'amateurish' on social media - assetinum

Private banks have amateurish social media strategies, often failing to establish anything more than a token presence on Facebook, Twitter and YouTube, according to research from investment portal assetinum.

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ANZ rolls out Cisco video conferencing tech

ANZ is rolling out video conferencing technology from Cisco across Australia, enabling wealth management clients to meet with staff remotely.

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Morgan Stanley warns customers of data breach

Morgan Stanley has written to 34,000 customers warning them that their personal financial details may have been stolen while in transit to the New York State Department of Taxation and Finance.

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BofA names David Reilly CTO, global wealth and investment management

Bank of America has appointed Morgan Stanley's David Reilly as chief technology officer for its global wealth and investment management unit.

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HSBC targets IT in cost cutting drive

Banking giant HSBC plans to streamline its IT operations as part of a major, £2.1 billion, cost cutting exercise.

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Swiss regulator slams HSBC over data theft

HSBC has been slammed by Swiss regulator Finma for the poor IT controls that saw a staff member steal data on thousands of customers.

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HSBC puts Thurston in charge of tech transformation programme

HSBC has promoted Paul Thurston to the role of chief executive, retail banking and wealth management, a position that will also see him direct the bank's technology overhaul programme.

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Temenos agrees Odyssey acquisition

Temenos has inked an $81 million deal to buy Luxembourg-based Odyssey Financial Technologies, which provides application software to the private banking and wealth management (PWM) market.