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Latest Results from /wealth

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Refinitiv boosts wealth management biz through Scivantage acquisition

Refinitiv has moved to strengthen its digital wealth management business through the acquisition of tech house Scivantage. Financial terms were not disclosed.

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Pope weighs in on AI ethics debate

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

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Credit Suisse unit buys NorthPoint technology

Credit Suisse Asset Management's fintech growth equity unit has acquired the investment management software and services business NorthPoint Technology. Financial terms were not disclosed.

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Morgan Stanley to buy E*Trade for $13bn

Morgan Stanley has agreed a deal to buy online discount brokerage E*Trade Financial in an all-stock deal worth around $13 billion.

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HSBC to slash 35,000 jobs

HSBC is to slash 35,000 jobs as part of a major overhaul of its business after seeing profits plunge by a third in 2019.

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ABN Amro joins $80m Fenergo funding round

ABN Amro has joined an $80 million funding round for Fenergo which values the Dublin-based fintech firm at about $800 million.

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FNZ strengthens European position through IPSI acquisition

Wealthtech provider FNZ has acquired Dublin-based third-party administration solutions provider Irish Progressive Services International (IPSI) from Irish Life. Financial terms were not disclosed.

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Grab acquires robo-advisory firm Bento

Singapore ride-hailing app Grab is to move into the robo-advisory space with the acquisition of WealthTech startup Bento.

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Patrizia buys real estate fintech BrickVest

London-based online real estate investment platform BrickVest has been bought by German outfit Patrizia. Financial terms were not disclosed.

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Accenture boosts analytics skills with Mudano acquisition

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

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Citi rolls out digital investment tool

Citi's consumer business has introduced a digital wealth investment tool for clients with as little as $1500 to invest.

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Deloitte research highlights plight of robo-advisory business model

Research by Deloitte has found that funding for invest-tech platforms dipped sharply in 2019 to match a long-term slump in the number of new firms coming to market.