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

Customer Loyalty Lessons Traditional Banks Can Learn From FinTechs

FinTechs’ strategy of being more customized and experience-oriented than their traditional competitors seems to be getting results.

The Next Wave of Institutional Digital Asset Adoption

As many have pointed out, this was a failure in CeFi, not DeFi. A simple look at DeFiLlama shows that decentralized exchange (DEX) volumes are up by almost 70% despite market sentiment.

Revolut’s results delayed until early 2023

The fintech is grappling with increasing scrutiny by auditors.

Private Banks to Manage Future Digital Euro Wallets, Transactions

The European Central Bank's new progress report on a central bank digital currency outlines the role of financial intermediaries.

Swedish robo advisor Lysa expands to Germany

In addition, the robo advisor adjusts the risk of users’ portfolio to their individual situation and preferences, and also ensure that the same level of risk is maintained over time.

Digital SME lender Recognise Bank raises £25m

It currently offers a variety of flexible business loans and savings rates.

BIS wants banks digital asset exposure limited to 2% by 2025

Under the new prudential standard, commercial banks can only have 2% exposure to ‘unbacked’ digital assets, stablecoins “with ineffective stabilization mechanisms,” or even tokenized traditional assets.

Barclays and Maven invest in Manchester-based fintech startup Nivo

The platform includes task management, e-signing, machine-learning based identity document scanning, facial recognition, document collection, open banking and no-code automation capabilities.

Hidden Road secures digital asset firm registration from the UK's FCA

Hidden Road is the only prime broker with both an FCA investment firm license and an FCA digital asset firm registration.

Digital euro to get thumbs up or thumbs down in 2023

The central bank says it will assess a further number of design and distributions options before presenting a full report to the Governing Council later next year.

Fintechs call for clarity over open banking reforms

The fintech coalition is concerned that “we have not received clear direction from the Joint Regulatory Oversight Committee (JROC) about how the 2017 CMA Order will continue to be enforced after the Open Banking Implementation Entity is dissolved.

UK’s $1trn tech sector takes #1 spot in Europe in 2022

The UK has more high-growth companies than European peers including created 144 'unicorns' and over 85,000 startups and scale-ups

Macquarie Asset Management makes £100 million debt investment in community fibre

This funding, which forms part of a £985 million financing package, will enable Community Fibre to accelerate the roll out of its network to more than 2.4 million properties across London and its surrounding areas by the end of 2024.

Fundsmith Extends Transfer Agent Relationship with SS&C

We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.

Standard Life parent invests £15m in Moneyhub

"Moneyhub is at the forefront of setting standards for the sector and a natural partner for Phoenix Group and our Standard Life business as it drives data regulation and access to Open Finance."

LHV UK appoints Jaywing to help create cloud-based data infrastructure

Jaywing benefits from over twenty years of experience working with some of the UK’s leading lenders and new entrants to the market, including Virgin Money, Vanquis Bank, TSB, Close Brothers and Starling Bank.

The digital euro: a flawed concept doomed to flop

Peter Bofinger argues that on the ‘digital euro’ the European Central Bank has dug itself into a hole it would do best to vacate.

Bank-backed consortium wins funding to test payments for EU digital identity wallet

The EU digital identity wallet is a secure app that, when it comes into being, will allow citizens across the continent to verify their ID, access public and private services and store sensitive digital documents in one place.

Alive and well: Why robo-advice remains a growth market

Tech-savvy clients demanding more transparency

Women in financial services: Bhavna Saraf of Lloyds Banking Group

Saraf habitually attends fintech events and conferences to scan the horizon for companies that have the technology to accelerate projects and look out for potential partnerships.