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Latest Results from /wealth

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Global fintech investment triples - Accenture

Global investment in financial technology tripled last year to hit $12.2 billion, with the US market dominating, according to a report from Accenture and the Partnership Fund for New York City.

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Alibaba moves into financial data and information services

Chinese Web giant Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry.

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Morgan Stanley Wealth Management launches digital financial education programme

Morgan Stanley Wealth Management has teamed up with education technology outfit EverFi to launch a web-based financial education programme.

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ANZ survey shows growth of online money management

Australians are relying more on digital platforms to manage their money. ANZ’s latest Adult Financial Literacy Survey found that nearly three quarters of people now bank online, up from 63% during the last 2011 survey.

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Fusion to spark innovation in Swiss financial services

Fusion, Switzerland’s first fintech accelerator, is inviting applications from startups across the world to join a programme with the aim of creating a factory for innovation and leadership in Swiss financial services.

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SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

SS&C is to buy Advent Software for $2.7 billion in cash in a bid to capitalise on a growing trend for outsourcing of software and services in the financial sector.

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Challenger bank Hampden & Co outsources core banking provision to Oracle

Hampden & Co, a new UK private bank scheduled to open in the first quarter of 2015, is to use a cloud-based version of Oracle Flexcube as it digital banking platform.

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Tech Mahindra to acquire Switzerland's Sofgen

Indian IT services group Tech Mahindra has agreed a sub-$30 million all-cash deal to acquire niche core banking consultancy Sofgen.

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Morgan Stanley fires employee accused of posting stolen customer data online

Morgan Stanley has fired an employee who it says stole data on 350,000 clients, posting some of it online.

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Data science to the fore in UBS Innovation Challenge

A Singaporean data science company has bagged a S$40,000 prize and a chance to work with one the world's largest banks after triumphing in an Innovation Challenge set by UBS.

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UK wealth management startup Nutmeg raises $32 million

UK wealth management startup Nutmeg has raised $32 million in new capital as it looks to expand its business.

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Asset managers to face growing competition from big tech and retail firms

Technology change and shifts in demographics could pave the way for digital powerhouses like Google, Amazon and Apple to become the next big players in asset management, asserts KPMG.