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

ING banking app installed on 3.5 million Dutch smartphones

Mobile banking apps are used an average 14 days per month, with little difference across the various banks.

Societe Generale joins Chaps Co as a Direct Participant

Ian Fisher, Group Chief Country Officer, UK of Societe Generale said: “We are delighted that we are now a shareholder and Direct Participant in CHAPS and look forward to working closely with them."

BBVA Global Wealth goes live with a BPO solution from Avaloq

With more than 30 years' experience in wealth management, BBVA Global Wealth provides various advisory services which are tailor-made to match each client’s requirements and profile.

Russian police prevented massive banking sector cyber-attack

Russian Interior Ministry cyber-crimes department thwarts Russian banking cyber-crime group.

MKB Bank opts for Oracle’s Flexcube core banking system

Oracle FSS’s Flexcube has garnered a number of takers in the last few months.

Opera to Be Sold to Chinese Tech Companies for $1.2 Billion

The group will begin a 71-kroner-a-share cash tender offer for Opera, the Oslo-based company said in a statement Wednesday.

Allocated Bullion Exchange Soft Launches Worldwide

ABX is a membership-based, institutional exchange, offering trading, storage and delivery services for physical precious metals in one electronic environment

SS&C Enhances Capabilities to Support Straight-Through- Margining Requirements

New service streamlines margining of non-cleared OTC derivatives

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

A low-to-zero marketing budget, no regional representation and a lack of the heritage branding many still consider synonymous with private client businesses continue to present barriers to entry.

German robo-advisory DFM Scalable Capital lands in UK

Investors can join the waiting list on the Scalable Capital website before the service launches later in 2016.

Avaloq group now sole owner of its Swiss BPO centre

The parties have agreed not to disclose the purchase price. BSI, the bank that founded B-Source in 1995 as a BPO pioneer, remains an important customer of the Avaloq group.

Novia Global signs raft of distribution agreements

International platform provider Novia Global has signed distribution contracts with a raft of businesses including FCA-authorised Global Wealth Management Solutions.

Usage Of Paym Mobile Payment Service Nearly Doubling Every Six Months

The number of mobile phone numbers registered for Paym also continues to increase strongly, with 624,420 people registering with their bank or building society in the second half of 2015.

Tandem Bank Selects Agiliti from Fiserv as Its Technology Platform

Focussing on creating a ‘good bank’ that meets the needs and behaviours of its customers, it will introduce a range of breakthrough banking solutions

German robo-advisor joins UK wealth invasion

Scalable Capital has already operated in Germany with a different team and the recent authorisation by the FCA marks the company's expansion into the UK.

FinTech boost for Saxo Bank’s pioneering SaxoTraderGO platform

A unique automated investment service called SaxoSelect - fully integrated into SaxoTraderGO - has also been launched in selected countries.

Corporate finance boutiques merge

NovitasFTCL provides M&A, capital raising and strategic advisory services.

Five UK fund houses explore blockchain technology

It is the first time asset managers have come together to experiment with blockchain, which is a giant, online public ledger.

Private banker Nordea integrates front to back office to drive efficiency and customer experience

On the customer facing side of the business the bank has replaced its complex ‘multi-system’ front-office workspace with a single workstation giving a 360 degree client view.

Deutsche Bank: Banks Must Partner with Fintech and Digital Currency Businesses or Risk Disappearing Altogether

Recently, Bank of America JPMorgan, UBS and Bank of England have also said that their respective banks are looking at ways to adapt blockchain technology for their own use.