Latest Wealth management News: Finextra Research

Standard Chartered taps Starling BaaS platform for green savings product

Standard Chartered's innovation arm has enlisted the help of Starling Bank for a digital platform that will help UK savers invest in green and sustainable projects.

08 November 2021

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abrdn chases digitisation with Finimize purchase

The asset management group today announced its acquisition of the subscription based investment platform, Finimize.

29 October 2021

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Wealthtech player Tifin raises $47m

Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $447 million valuation off the back of a $47 million Series C funding round joined by Hamilton Lane and existing investors JP Morgan Asset Management, Morningstar and Broadridge.

29 October 2021

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BVNK launches digital asset financial services platform

A London-based digital asset financial services platform called BVNK has launched, promising to remove the barriers that prevent businesses and financial service providers from realising the benefits of cryptocurrencies.

08 October 2021

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US Bank rolls out cryptocurrency custody service

US Bank has joined the cryptocurrency stampede, launching a safekeeping custody service for institutional investment managers.

07 October 2021

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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.

30 September 2021

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Mastercard partners KBC spinoff on micro-investing service

EveryoneInvested, a wealthtech spinoff from KBC Asset Management, has joined forces with Mastercard to offer European banks technology that lets their customers invest spare change.

23 September 2021

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Abra raises $55m for crypto wealth management platform

Cryptocurrency wealth management platform Abra has raised $55 million in a Series C funding round led by Ignia and Blockchain Capital.

15 September 2021

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BBVA Switzerland launches Next Gen digital investment account

The Swiss arm of BBVA is launching a digital investment account that lets users build portfolios based on themes such as climate change and technologies including 3D printing while also providing a cryptocurrency wallet.

03 September 2021

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UBS invests in 'Knowledge-as-a-Service' platform Lynk

UBS has invested in Lynk, an AI-driven 'Knowledge-as-a-Service' platform that the bank works with to help its institutional clients in their investment research.

02 September 2021

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National Bank of Canada takes majority stake in data sharing startup Flinks

National Bank of Canada is paying C$103 million for a majority stake in Flinks, a Montreal-based data aggregation startup.

27 August 2021

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DriveWealth raises $450m

DriveWealth, a provider of API-based brokerage technology that enables partners to offer real-time access to the US equities market through fractional share trading, has closed a $450 million Series D funding round at a $2.85 billion valuation.

23 August 2021

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