Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

ADGM institutes governance regime for robo-advisors

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has today issued its regulatory framework for Digital Investment Managers (also known as ‘robo-advisors’), operating in ADGM.

15 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

Company update/regulation

South Korea ushers in regulatory reforms to promote robo-advisory services

The FSC reformed the「Financial Investment Business Regulation」to promote robo-advisory services.

16 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

Company update/retail

Halal robo-advisor Wahed goes global

Wahed Inc. (“Wahed”), the parent company of Wahed Invest LLC, the first halal robo advisor in the United States, today announces it is expanding its operations globally.

08 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

Company update/robo-advisor

Investment platform for women Ellevest raises $33m

Ellevest, the digital investment platform built by women, for women, announced today that it closed a $33 million funding round, led by Rethink Impact and PSP Growth.

28 March 2019

Company update/startups

Sawanest digital investment hub goes live

Swanest, a robo-advisor that makes intelligent investing simple, announces that its smart, global investment hub is now live.

06 March 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

Company update/retail

RBC takes robo-advisor service nationwide

Canadians who are sitting on the sidelines – unsure how to invest or what to invest in – today have a new digital investment advice service to help them build their financial futures: RBC InvestEase.

29 November 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

Company update/robo-advisor

WeInvest sets sights on UAE

WeInvest, a Singapore-based digital wealth services and robo-advisory firm, announced today its expansion will be into the United Arab Emirates (UAE).

07 November 2018

Company update/startups

Robo advisory firm Sarwa first to emerge from DFSA sandbox

The Dubai Financial Services Authority (“DFSA”) is pleased to announce that robo-advisory firm, Sarwa, has become the first participant to graduate from its regulatory sandbox following nearly 12 months of testing.

05 November 2018

Company update/robo-advisor

Singapore-based robo advisor StashAway lands in Malaysia

StashAway, a robo-advisor headquartered in Singapore, has made available its services in Malaysia. StashAway delivers an intelligent, data-driven asset allocation investment strategy with no minimum balance, no sales charge, annual management fees between just 0.2% and 0.8%, and flexible deposits and withdrawals.

01 November 2018