Latest Wealth management News: Finextra Research

Shariah-compliant investment platform Mnaara raises pre-seed funds

London-based fintech Mnaara.com, a startup offering investors access to global private funds while complying with Islamic finance principles, has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore.

10 August 2023

/wealth

Big banks back Asian wealth management platform Endowus

Citi, UBS and MUFG has joined a US$35 million funding round for Asian digital wealth management platform Endowus.

10 August 2023

/wealth

More banks pay multi-million dollar penalties over WhatsApp use

Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.

08 August 2023

/wealth

JP Morgan backs new Tifin AI-powered wealth management charge

JP Morgan is investing in a new AI-focused venture from Tifin, an umbrella group operating a host of wealth management fintech businesses.

27 July 2023

/wealth

US online trading platforms launch in UK

The UK's retail trading platform market has become more crowded following the launch of two separate US ventures.

21 July 2023

/wealth

Cloud, SaaS, and ESG: Trends causing a shift in wealth management

At the Temenos Community Forum 2023, Finextra interviewed senior product director of wealth management at Temenos Alexandre Duret, who discussed how wealth management is picking up pace by deploying new technologies.

13 July 2023

/wealth

Nutmeg founder Nick Hungerford dies

Nick Hungerford, Nutmeg co-founder and one of Britain’s most successful fintech entrepreneurs has died at the age of 43.

12 July 2023

/wealth

Schroders explores digital asset fund in Singapore

Global asset manager Schroders has teamed up with the Monetary Authority of Singapore (MAS) to develop a tokenised digital asset fund.

27 June 2023

/wealth

Traditional custodians critical to asset managers’ adoption of crypto

Asset managers and institutional investors are much likely to trade digital assets if there is a recognised custodian involved, suggests recently publish research.

26 June 2023

/wealth

US asset managers apply to SEC for bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.

22 June 2023