Latest Results from /wealth
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Absa has launched Virtual Investor, an online self-service investment platform that uses algorithms to recommend a product for customers based on their financial attitudes to risk.
02 August 2017
Goldman Sachs has established a digital lending service for affluent consumers who hold portfolios at third party wealth management firms.
28 July 2017
Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.
25 July 2017
Online financial advisory firm Betterment has raised $70 million, valuing the robo-advisory hybrid at $800 million.
24 July 2017
America's oldest private bank, Brown Brothers Harriman (BBH), is looking to the future by appointing CIO Michael McGovern to a newly created role overseeing its fintech business.
06 July 2017
RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package.
03 July 2017
California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.
28 June 2017
Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.
27 June 2017
Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.
12 June 2017
HSBC is throwing its weight behind the robo-advisory movement, announcing plans to use data and algorithms to deliver tailored advice and make personal recommendations based on an individual’s circumstances.
01 June 2017
Research among 15,000 consumers conducted by ING finds that only two percent would trust a fully automated robo-adviser to invest their money on their behalf.
31 May 2017
The wealth management arm of Old Mutual has terminated its contract with IFDS for an IT platform upgrade worth hundreds of millions of pounds over concerns about cost and time overruns.
02 May 2017
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