robo-advisor

138 articles tagged with this keyword

/wealth

Wealthsimple quits UK market

Canadian fintech giant Wealthsimple is pulling out of the UK investment market, transferring its customers to Moneyfarm.

/retail

BM Technologies agrees to buy a bank

Fintech BM Technologies has agreed to buy community business lender First Sound Bank in a $23 million deal.

/Sibos

Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

/wealth

Robo-advisory firm Betterment reaches unicorn valuation

Robo advisor Betterment has reached a Unicorn-level valuation of $1.3 billion after securing $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

/wealth

Abrdn to acquire digital wealth management app from Nucoro

Investment manager Abrdn is to acquire the digital wealth management arm of fintech Nucoro for an undisclosed sum.

/regulation

Charles Schwab faces $200m hit over SEC robo advisor investigation

Charles Schwab is facing a $200 million charge relating to a Securities and Exchange Commission (SEC) investigation into the firm's robo advisor.

/wealth

JPMorgan Chase to acquire UK digital wealth management firm Nutmeg

JPMorgan Chase is to buy digital wealth manager Nutmeg to bolster the forthcoming launch of its digital bank in the UK later this year.

/wealth

Tencent leads €150 million round in Scalable Capital

Digital wealth management platform Scalable Capital has raised more than €150 million in a Series E funding round led by Chinese tech conglomerate Tencent.

/wealth

Wealthify embeds Open Banking from Tink in investment app

UK robo advisory platform Wealthify is using payment initiation services from Tink to enable users to load and top-up investment funds without leaving the app.

/people

Goldman Sachs hires Uber's Nahar to lead Marcus

Goldman Sachs has poached Uber executive Peeyush Nahar to lead its Marcus digital banking unit, according to the Wall Street Journal.

/startups

Investment app StashAway raises $25m

StashAway, a digital wealth management startup hailing from Singapore, is raising US$25 million in a Series D funding round led by Sequoia Capital India.

/wealth

DBS rolls out AI-powered investment advisory feature

Singapore's DBS has added a feature to its AI-powered financial and retirement planning tool that provides retail customers with investment recommendations tailored to their profiles.

/wealth

Betterment acquires rival WealthSimple's US business

Digital wealth platform Betterment has acquired the US book of rival Canadian robo advisor WealthSimple.

/retail

Goldman Sachs adds investing feature to Marcus

Goldman Sachs has added an automated investing feature to Marcus, its online retail banking service.

/startups

Santander invests in startup connecting SMEs and consultants

Santander has invested €2 million in Connecting Visions, a Spanish startup that helps SMEs gain access to consulting services.

/wealth

Goldman Sachs to offer digital wealth management to Main Street investors

Goldman Sachs has begun internal testing of a digital wealth management service for the masses, as it continues its push into the mainstream consumer market.

/wealth

Nutmeg joins Starling Marketplace

Two of the UK's most prominent fintechs are coming together as digital bank Starling adds robo-adviser Nutmeg to its marketplace.

/wealth

Digit moves into robo-investing

San Francisco-based money management and savings startup Digit has added an automatic investing tool to its app.

/wealth

TSB partners Wealthify to offer customers robo-investments

TSB is to launch its first investment programme through a partnership with robo-advisor Wealthify.

/wealth

Wealthsimple achieves $1.5 billion valuation on new fundraising round

Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment round led by by TCV, along with Greylock, Meritech, Two Sigma Ventures and existing investor Allianz X