- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Why the UK Data Bill is an enabler of a smart data and AI revolution

The UK’s open banking regime requires major banks that hold certain customer accounts to enable third party access to that data

Why early online banks lag behind today's neobanks and neobrokers

While early online banks successfully digitized traditional services, they largely failed to adapt to the technological and business model innovations that define modern financial services.

FCA allows firms to experiment with AI alongside NVIDIA

The sandbox will help firms who are in the discovery and experiment phase with AI.

Irish fintech sector defies global headwinds

Enterprise Ireland is ranked among the top three most active European fintech investors in 2024, driven by strategic focus on early-stage companies where the organisation excels.

intelliflo announces the launch of new advice solutions: intelliflo IQ and intelliflo video

Designed to meet the rising demand from the 43% of advisers already leveraging AI

Paragon Bank Launches Spring: A Pioneering Savings App Powered By Moneyhub

Spring uses Moneyhub’s Open Banking technology, allowing it to connect effortlessly with a customer's existing current account.

Starling Bank rolls out in-app genAI chatbot in 'UK banking first'

The chatbot, which Starling describes as an industry-first, also produces graphs and analytics in response to questions to help customers track their spending habits over time.

FCA to lift ban on crypto ETNs to support UK growth and competitiveness

Financial promotion rules would apply, so consumers get information on the risks and would not be offered inappropriate incentives to invest, in the same way as if they bought cryptoassets directly.

LHV survey: Digital banks should pass savings from not operating physical branches to consumers

The study, conducted by Opinium on behalf of LHV Bank, highlights growing frustration with both traditional and digital banks.

Bank of Ireland warning of spike in ‘safe account’ scam

Customer gets a text message to their phone, requesting that they call a phone number about a suspicious transaction/or activity.

Raisin debuts retail deposit product

For the first time, Raisin is offering a savings product directly under its own name to consumers in the region.

Jacobi Bitcoin ETF expansion ‘a major step forward for Guernsey’

The move reinforces Guernsey’s position as a forward-thinking financial hub and showcases Guernsey’s commitment to fostering investment opportunities in digital assets.

Wealthtech for the new generation of banks and brokers

This is the strategy of neo banks and neo brokers, also on the Italian market, which do not aim solely at democratizing access to investments, but at creating digital ecosystems that unite banking, trading and value-added services.

FinTech Scotland and TSB launch innovation challenge to combat fraud

The programme builds on the success of previous cohorts, which resulted in several pilot projects as well as being recognised at the Scottish Financial Technology Awards for Best Financial Services Innovation.

Visa A2A payments land in the UK

Visa A2A promises to give Brits greater choice, control and protection over how they pay via bank transfers.

KKR raises conditional offer for German IT services firm Datagroup

KKR initially offered 54 euros per share in an all-cash transaction valuing Datagroup at approximately 450 million euros.

Lloyds partners Lumio to offer financial management app for couples

Lumio, founded by Charlie Richardson in 2019 and which currently serves around 40,000 customers, graduated from the Lloyds Launch Innovation programme in 2024.

Stablecoin and traditional banks: the future according to Banco Santander and the financial sector

This initiative is part of a broader movement that sees various banking giants exploring innovative digital solutions, laying the groundwork for a new era of the financial system.

Ex-Aberdeen executive on why wealth firms can’t ignore digital assets

Having left behind a long career at traditional asset manager Aberdeen, Duncan Moir tells Citywire that wealth managers will be left behind if they refuse to integrate digital assets into client portfolios.

Deloitte to establish four technology centres across UK

Deloitte’s technology centres are anticipated to double the workforce to 1,500 within the next three years.