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Latest Results from /wealth

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HSBC introduces Zoom calls for novice investors

HSBC UK has become the first bank in the UK to launch a video call support feature as part of its online advice service, My Investment.

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Citi digital asset co-heads quit for new venture

The co-heads of digital assets at Citi have both announced that they are leaving the bank to start a new venture in the crypto space.

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NatWest taps AWS for data-driven services

NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.

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Indian neobank Niyo raises $100m

Indian neo-banking platform Niyo has raised $100 million in a Series C funding round led by Accel and Lightrock India.

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Credit Suisse calls in expert help to hunt down whistleblower

Credit Suisse has called in outside experts to help find the source of a leak that exposed the details of accounts held by wealthy clients allegedely involved in torture, drug trafficking, money laundering, and corruption.

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Wealth management platform FNZ raises $1.4bn

FNZ has raised $1.4 billion in an equity funding round that values the wealth management platform at more than $20 billion.

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Betterment moves into crypto through Makara acquisition

Digital investment advisor Betterment is joining the crypto goldrush through the acquisition of Makara. Financial terms were not disclosed.

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UBS to acquire robo advisor Wealthfront for $1.4 billion

UBS is to buy robo addvisor Wealthfront for $1.4 billion, marking the Swiss bank's first fintech acquisition under the tenure of CEO Ralph Hamers.

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M&G to launch robo advisory service in UK; takes minority stake in Moneyfarm

Digital wealgh manager Moneyfarm is to raises £44.1 million through a private placement that will see M&G acquire a minority stake in the company.

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WealthKernel raises $7m

WealthKernel, a provider of digital investment services and infrastructure, has raised $7 million in a Series A+ funding round by XTX Ventures.

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Itaú Unibanco acquires Brazilian cloud-based brokerage firm Ideal

Latin American bank Itaú Unibanco will purchase Ideal in two stages, acquiring 50.1% of the share capital initially before making a secondary acquisition of shares worth R$651 million (US$117 million) and taking control of the company.

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United Fintech adds Athena to portfolio

United Fintech, an outfit dedicated to hoovering up a stable of capital markets fintechs, has bought a 25% stake in Athena Systems, a US provider of investment decision support and automation software.