Latest Wealth management News: Finextra Research

UK finance sector ups IT spending amid fintech uncertainty

British financial services firms expect IT to be the main area to see an increase in capital spending over the next year as the industry braces itself for the fintech revolution.

18 January 2016

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Banks face threat as consumers warm to fintech providers

Fintech providers could pose a real threat to banks within five years, according to new research which shows that by 2020 half of consumers expect to use a technology outfit for at least one service their bank would usually provide.

13 January 2016

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BBVA Compass teams up with robo-advisor

BBVA Compass is teaming up with robo-advisor FutureAdvisor as it seeks to use technology to offer investment management services to a greater slice of its clients.

13 January 2016

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Deutsche Bank launches robo-advisor for online investment platform

The inextricable path to human obsolescence continues as Deutsche Bank adds a robo-advisor to its maxblue online investment platform, enabling clients to ditch people for algorithms.

07 December 2015

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Regulation biggest threat to fintech growth - survey

Regulatory issues are set to be the biggest hurdles facing financial technology firms over the next year, according to a survey of fintech founders and investors.

18 November 2015

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Robo-advisor MoneyFarm raises EUR16m for UK launch

Italian digital wealth management startup MoneyFarm is preparing to enter the UK market after raising EUR16 million from Cabot Square Capital and United Ventures.

09 November 2015

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Robot revolution poised to wipe out millions of jobs - Bank of America

Robo-advisors using algorithm-based systems to provide financial advice to consumers will consign 25 million jobs in the financial and legal sector to the scrap heap over the next two decades says Bank of America, in a report which paints a bleak future for the human workforce as new robot workers transform the global economy.

06 November 2015

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FS firms told to prepare for avalanche of IoT data

Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a Deloitte University Press report.

16 October 2015

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Iress expands in UK with acquisitions of Proquote and Pulse

Australia's Iress has acquired market data vendor Proquote from the London Stock Exchange and portfolio management software house Pulse Software Systems, boosting its presence in both the capital markets and discretionary fund management space within the UK.

15 September 2015

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NAB unveils digital advice platform

National Australia Bank (NAB) is rolling out a digital advice platform that promises to give customers personalised, tailored financial advice through its online portal.

11 September 2015

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UK's oldest bank steps into the digital age

C Hoare & Co. the UK's oldest bank, is to take its first step into the digital age by launching a mobile app and contactless cards.

11 August 2015

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Envestnet to buy Yodlee

Wealth management technology provider Envestnet has agreed to buy fintech outfit Yodlee in a cash and stock deal with an enterprise value of around $590 million.

10 August 2015

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