Latest robo-advisor News: Finextra Research

AI and enhancing the human element in financial services

At SIBOS 2019, industry experts will be discussing how the financial services sector is in the vanguard of deploying AI on a global scale and whether the technology will be a transformative force or has the potential to act as an existential threat.

06 September 2019

News/robo-advisor

Goldman Sachs tech head to step down

The most senior technology executive at Wall Street firm Goldman Sachs is reported to be stepping down amid a clear out of senior partners, raising questions about the direction of Goldman's technology strategy

05 September 2019

News/ai

Avoiding artificial stupidity

While most financial applications of artificial intelligence have been in the customer service space, there are other areas that banks are working with to improve through implementation of innovation technology.

27 August 2019

News/ai

DataRobot raises $200 million for AI software development - sources

Data science company DataRobot has raised a Series E funding round of an estimated $200 million to develop its artificial intelligence software and automated machine learning, sources have revealed to Xconomy.

30 July 2019

News/ai

Temenos buys Explainable AI firm Logical Glue

Swiss banking software provider Temenos has acquired Logical Glue, a London-based Explainable AI (XAI) specialist with financial services customers in the UK and Europe. Financial terms were not disclosed.

18 July 2019

News/robo-advisor

JPMorgan rolls out robo-advisor

JPMorgan has rolled out a digital investment service, You Invest, targeting customers with as little as $2500 to invest.

11 July 2019

News/retail

Wealthsimple raises C$100m

Toronto-based online investment manager and trading app Wealthsimple has raised C$100 million in a funding round led by German giant Allianz.

24 May 2019

News/robo-advisor

Investec withdraws from over hyped robo-advisory market

Investec has pulled the plug on its robo-advisory service, recording a £12.8 million operating loss on the business after attracting fewer investors than expected.

17 May 2019

News/robo-advisor

Brits wary of new banking tech, despite high demand

Brits expect their banks to deliver the latest technology to them but are less likely to rush to use it, suggests a survey from ING.

15 May 2019

News/robo-advisor

ABN Amro shuts down German digital wealth manager Prospery

ABN Amro is pulling out of the robo advisory market, shutting down its online wealth management business, Prospery, in Germany after failing to attract sufficient clients.

02 April 2019

News/ai

NatWest Data COO: ’Overhyped’ AI must work for customers

In an interview with Finextra, NatWest chief operating officer for data and analytics, Paul Hollands, reveals that although he considers artificial intelligence to often be no more than a buzzword, the UK bank’s new data academy will let staff leverage practical technologies such as machine learning to build better services for customers.

07 February 2019

News/retail

Goldman invests in UK digital wealth manager Nutmeg

Goldman Sachs is pushing further into the UK retail market, co-leading a £45 million funding round for digital wealth management startup Nutmeg.

22 January 2019

News/robo-advisor

Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

09 January 2019

News/robo-advisor

HSBC introduces robo-advisory service

HSBC UK is wading in to the robo advice market, launching an online advisory service that will deliver tailor-made recommendations based on an individual’s unique financial circumstances and needs

06 December 2018

News/Sibos

Swift Operations Forum Europe 2018, Amsterdam - Day 1 report

Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.

29 November 2018

News/robo-advisor

Moneyfarm acquires German digital wealth outfit vaamo

UK-based digital wealth manager Moneyfarm has acquired German compatriot vaamo, marking the company's entrance into a third European market.

20 November 2018

News/Sibos

Sibos: Real-time charity, student winners and the human side of AI

Wrapping up Sibos 2018, Bill Doran, Swift’s head of Oceania, demonstrated Australia’s real-time payment system with a live charity drive, while Monash University student team Hebe won AUD$30,000 with its proposal for helping Australia’s banks protect consumer privacy in a world of open banking.

25 October 2018

News/robo-advisor

Got £20 a month to spare? Santander has a robo-advisor just for you

Banco Santander has launched a mass-market robo-advisory service for customers with as little as £20 a month to set aside.

05 October 2018

News/robo-advisor

UBS closes SmartWealth robo-advisor, sells tech to SigFig

Little more than a year after launch, UBS is shutting down its SmartWealth digital wealth management platform for non-super rich Brits and selling off the technology to US robo-advisor SigFig.

29 August 2018

News/robo-advisor

OCBC launches robo investment service

Singapore's OCBC Bank has launched a robo investment service using technology from local startup WeInvest.

23 August 2018