06/19/2017
FinTech fraud firm AimBrain has closed its £4m Series A round
The startup’s platform is primarily targeted at financial services businesses and utilises deep learning to provide seamless identity authentication using biometrics.
FinTech
06/18/2017
Sweden’s Klarna wins Europe’s biggest fintech banking licence
Fintech groups in Europe and the US such as SoFi and Zopa have been seeking full banking licences but Klarna – with its 60m customers across Europe and €13bn in transactions processed last year – is one of the largest.
06/16/2017
Spain’s first fully digital bank Openbank in major transformation
It has one million customers and over €6 billion in deposits.
06/15/2017
Aegon in talks with FNZ to power £40bn institutional platform
The institutional platform is understood to hold around half of the total £83.6 billion Cofunds assets under administration.
06/15/2017
Estonia Is Testing A ‘Digital Residency’ Program For Internet Companies
The e-Residency program allows entrepreneurs to run a company online using a government-issued virtual identity
06/15/2017
Sanlam announce the First ever Balanced UCITS Fund managed solely by Artificial Intelligence
The financial markets have been through significant change in recent years.
06/15/2017
Fintechs’ access to bank data a ‘major concern’
Warning comes as startups are facing an uphill battle to get access to financial data from institutions
06/14/2017
Misys and D+H join forces to create the world’s third largest Fintech company
Operating under the new company name Finastra, the combination will create the third largest financial services technology company in the world.
06/14/2017
Race to harness AI dominates as digital tidal wave washes over fund management
"Adapt or die" sentiment dominates fund management talks on digital
06/14/2017
Aegon in talks with FNZ about £40bn Cofunds institutional assets
L&G's financial reports show Cofunds had £40.3 billion of institutional assets at 30 June 2016, just ahead of the sale of the platform.
06/14/2017
Wealth managers shun the digital revolution
Could we see higher net worth clients switch to cheaper robo platforms?
06/13/2017
Broadridge Adds MSCI ESG Fund Metrics to Further Expand Global Market Intelligence Platform
New data and analytics provide transparency on the environmental, social and governance characteristics of over 26,000 mutual funds
06/13/2017
Tilney and SEI Private Banking extend contract by six years
The new agreement extends the companies’ successful relationship to December 2023 and includes a commitment from Tilney to use the SEI Wealth PlatformSM as the default option for future new clients.
06/13/2017
Fintech lender secures £45m credit line
Credit Peers is one of the latest businesses to launch into the alternative finance market
06/13/2017
Nutmeg insists raw data beats adviser annual reviews
Mr Port said: “The key challenge will be how the regulator incorporates data and personalisation."
06/12/2017
Broadridge Forms Strategic Alliance with Spence Johnson
The combined capabilities will generate a unique global view of the global asset management market.
06/12/2017
Former UBS innovation lead establishes cryptocurrency fund
The law firm MME Legal, which is specialized in blockchain and ICOs, advises Crypto Fund AG on legal matters.
06/12/2017
Calastone completes first phase of blockchain project
“The positive results of our PoC has shown that by using distributed ledger technology across the entire lifecycle of mutual fund transactions, from order placement through to the settlement and payment, industry participants could significantly ben
06/12/2017
Wealth firms to go way of record companies in tech shake up
The report coincided with the launch of a separate study from KPMG highlighting the big challenge facing fund firms as clients become 'less tolerant'.
06/11/2017
Seed fund raises $60m to back European tech start-ups
Firstminute to focus on robotics, artificial intelligence and the internet of things