Latest robo-advisor News: Finextra Research

Canadian brokerage Questrade eyes banking license

Toronto-based online brokerage Questrade is applying for a federal banking licence, paving the way for it to open an online bank.

20 November 2019

News/robo-advisor

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

13 November 2019

News/robo-advisor

Research highlights the work that robo-advisers still have to do

Research by wealthtech provider, Nucoro, shows that only 8% of people believe a robo-adviser would provide the best returns on their money.

13 November 2019

Company update/robo-advisor

WeInvest launches wealth tech platform

WeInvest, a Singapore-based digital wealth solutions provider today announced the launch of StratWealth, a platform providing algorithmically-generated customised investment solutions as well as sourcing or curating thematic trading baskets from global players.

12 November 2019

News/robo-advisor

DBS launches hybrid robo-advisory wealth management service

DBS has developed a hybrid human-robo investment service which is now available to customers in its native Singapore.

04 November 2019

News/robo-advisor

Nutmeg expands human-led service in ongoing bid for profitability

Nutmeg's head of advice Lisa Caplan has spoken to Finextra about the continued expansion of its digital wealth management offering beyond the automated investment platform for which its known.

31 October 2019

News/payments

AI will drive productivity in the payments industry

The payments industry is increasingly being exposed to the technological transformation that is occurring outside of the financial services sector. But is the space ready to drive productivity in payments with artificial intelligence?

22 October 2019

News/robo-advisor

AI, cloud, blockchain and beyond: Changing the financial world individually and in tandem

AI, cloud, blockchain and quantum computing form some of the pillars the much-discussed Fourth Industrial Revolution, with financial services watching on in anticipation of the disruption they promise in the years ahead.

18 October 2019

News/ai

UK digital wealth manager Rosecut scores investment

London-based AI-enhanced digital wealth manager Rosecut Technologies has secured investment from QVentures.

09 October 2019

Company update/retail

Bank of the West partners OpenInvest on personalised investing

OpenInvest, the tech-enabled asset manager that enables customization, direct indexing and impact investing at scale, announced today that it will offer financial advisors at Bank of the West's BancWest Investment Services access to customizable values-based portfolio generation tools.

08 October 2019

News/ai

Can AI detangle the spaghetti of banking systems?

At Microsoft’s Future Decoded event in London, AI was the principal topic for discussion, with financial services no exception.

03 October 2019

News/robo-advisor

RBC opens robo-advisory service to cash-poor customers

While other banks shut down under-performing robo-advisors, Royal Bank of Canada is doubling down on its strategy, opening up the automated investing service to customers with as little as $100 to spare.

13 September 2019

News/ai

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

Company update/robo-advisor

Bambu scoops $10 million Series B

Bambu, a Singapore-based leading global provider of digital wealth technology, today announced the closure of US$10 million in a Series B funding round.

31 July 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

Company update/robo-advisor

StashAway raises USD$12 million in Series B funding

StashAway, a robo-advisor for both retail and accredited investors, has completed a USD$12 million (SGD$16.4 million) Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International. Asia Capital & Advisors, the private equity firm led by Francis Rozario and Aaron Rozario, also participated.

29 July 2019

Company update/security

Scalable Capital to integrate Futurae’s authentication suite to bolster security

Europe’s largest robo-advisor Scalable Capital and authentication innovator Futurae have announced a partnership to integrate Futurae’s multi-factor authentication portfolio with Scalable Capital’s investment platform.

24 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