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Latest Results from /wealth

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NEC acquires Avaloq

Japan's NEC has acquired Swiss core banking vendor Avaloq for CHF2.05 billion.

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Pynk raises $2m for retail investor wallet

London-based wealth management startup Pynk has raised $2 million through crowdfunding ahead of the launch of its retail investor wallet.

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Finance employees deemed least trustworthy

Employees working in the financial services sector are 30% less trustworthy than colleagues in other sectors.

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New blockchain utility claims to cut 80-90% of MiFID costs

A new blockchain-based reporting platform set to launch later this year has vowed to cut 80-90% of asset managers' regulatory reporting costs once it goes live later this year.

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UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

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Investors to increase allocation to crypto assets

The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.

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Exabel closes $3.6m funding round

A startup that offers AI analytics to asset managers has raised $3.6m in its third funding round bringing the total capital raised to more than $12m.

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Franklin Templeton targets millennials with digital WM platform

Global asset manager Franklin Templeton has set its sights on penetrating the millennial investment market by recruiting a fintech from the gaming sector to help it build a digital wealth management platform.

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Avaloq stake suitors include ION and NEC - Bloomberg

ION, NEC and a host of private equity firms are in the running to buy Warburg Pincus's 45% stake in Swiss fintech house Avaloq, according to Bloomberg.

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BBVA trials quantum computing to optimise investment portfolio management

BBVA and Spanish startup Multiverse have run a proof-of-concept using quantum technologies to improve the process of dynamically optimising investment portfolios with market data.

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DBS: Central banks 'troubled and intrigued' by expansion in digital currency

DBS describes the growth of digital currency as both fascinating and daunting in a new research paper, 'Digital Currencies: Public and Private, Present and Future'.

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Grab goes deeper into financial services

South East Asian super app Grab has further extended its remit into financial services with the launch of its first micro-investment service, third-party loan platform and ‘buy-now-pay-later’ products for e-commerce websites