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ANZ combines digital and physical for new wealth platform

/wealth

ANZ combines digital and physical for new wealth platform

Australian bank ANZ has opened a tech-packed wealth management centre in Sydney, with a mobile app set to follow.

Brewin Dolphins takes £32m hit on IT implementation U-turn

/wealth

Brewin Dolphins takes £32m hit on IT implementation U-turn

Investment management firm Brewin Dolphin has warned that it will take a £32 million hit after pulling a planned IT operating system implementation.

Chinese Web giant Baidu launches mobile wallet

/wealth

Chinese Web giant Baidu launches mobile wallet

Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management wallet.

Web giant Baidu seeks China banking license

/wealth

Web giant Baidu seeks China banking license

Chinese search engine provider Baidu is accelerating its move into financial services, forming a partnership to apply for "multiple banking licenses".

DBS to deploy IBM Watson to crunch big data

/wealth

DBS to deploy IBM Watson to crunch big data

Singapore's DBS Bank is to apply IBM's Watson cognitive computing platform to its wealth management business in a bid to improve the advice and experience delivered to affluent customers.

Standard Chartered client bank statements found on hacker's laptop

/wealth

Standard Chartered client bank statements found on hacker's laptop

The private banking statements of 647 high-net-worth clients of Standard Chartered Bank have been found on the laptop of a hacker busted by Singapore Police.

Students to mentor Citi suits on digital strategies

/wealth

Students to mentor Citi suits on digital strategies

In a twist on the mentor relationship, University of Miami students are preparing to take senior Citi bankers under their wings, teaching the suits about social media and digital technologies.

ANZ and Royal Bank of Canada to engage with IBM's Watson

/wealth

ANZ and Royal Bank of Canada to engage with IBM's Watson

ANZ and Royal Bank of Canada are working with IBM to test the capabilities of Watson Engagement Advisor for crunching account data and providing clients with relevant, nuanced answers to online and mobile queries.

CommBank takes start-up approach to wealth portal roll-out

/wealth

CommBank takes start-up approach to wealth portal roll-out

Australia's Commonwealth Bank says it took a start-up approach to the development of a new wealth management portal for self-directed investors that combines online banking with stock trading, property and portfolio investment, news and community forums all accessible via a single log-in.

ION buys Financial Software Systems

/wealth

ION buys Financial Software Systems

Fintech vendor ION Group has acquired Financial Software Systems, a US provider of treasury management, capital market and wealth management technology. Financial terms of the deal were not disclosed.

Spend more on personal care and less on technology, wealthy customers tell banks

/wealth

Spend more on personal care and less on technology, wealthy customers tell banks

The UK wealthy are resisting engaging with their banks via new technologies in a bid to return to old school banking values, according to a YouGov survey of 1000 high net worth individuals.

Nutmeg introduces private banking for regular people

/wealth

Nutmeg introduces private banking for regular people

Nutmeg, an online investment manager promising to offer private banking-type services for everyone, has launched in the UK.

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