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

Robo adviser Exo Investing shuttered after Abrdn scraps acquisition plan

Just six months since Abrdn said it would not acquire Exo Investing, and instead make an investment into its parent company Nucoro, the platform is set to close.

FNZ to acquire ifsam to strengthen global client proposition for asset managers and distributors

Ifsam serves as a leading business-to-business (B2B) fund platform that supports the efficient trading of funds, leveraging its direct relationships with around 300 fund management companies

Mazepay raises €4m to simplify B2B payments

It has developed SaaS technology that automates B2B financial transactions making them as simple and seamless as possible.

UK kicks off consultation on digital pound

The central bank in December sought applications for a five month project to build a prototype wallet for a future digital pound.

Cryptoasset firms marketing to UK consumers must get ready for financial promotions regime

This regime will apply to all firms marketing cryptoassets to UK consumers regardless of whether the firm is based overseas or what technology is used to make the promotion.

UK to design ‘digital pound’ that could fend off future private tech rival

Central bank virtual currency under BoE and Treasury could supplant cash by end of decade

EBA clarifies the application of strong customer authentication requirements to digital wallets

They also clarify the requirements applicable to the outsourcing of the application of SCA to digital wallet providers.

Manchester tech companies raised £500m+ in 2022 to take top Northern spot

Manchester produced eight ‘futurecorns’ and six unicorns last year across the tech sector.

BBVA ports investment banking platform to AWS

BBVA says the pay-per-use platform will significantly reduce service costs.

SBF-Owned Emergent Fidelity Technologies Filed for Bankruptcy

The only other sizable asset owned by Emergent Fidelity Technologies was US$ 20.7 million in cash.

Sustainable smartphones firm Fairphone attracts €49m from impact investors

The funding came from an investor consortium led by Invest-NL, ABN Amro Sustainable Impact Fund and Quadia and will help the Dutch company to expand its business, finance product development and scale up impact

Membrane Finance rolls out EU-regulated crypto stablecoin

EUROe transforms a fiat Euro into a 1:1 pegged digital currency transactable on Ethereum

Central Bank of Ireland warns payment firms about governance deficiencies

The central bank sets out its findings relating to five key areas: safeguarding; governance, risk management, conduct and culture; business model, strategy and financial resilience; operational resilience and outsourcing; and AML/CFT.

Fintech firm launches client management app for IFAs

“We set out to create a solution that resolved the two key problems of poor personal document management and simple end-of-life and legacy planning," said Fraser, Lyfeguard's chief operating officer.

82% of millionaires seek advice on crypto as Bitcoin soars

The price drops came as investors reduced their exposure to risk-on assets, including stocks and crypto, due to heightened concerns about inflation and slower economic growth.

AI company raises £1.5m to roll out social housing platform

The latest round will enable Pivigo to create new jobs, boost its sales and marketing, and roll out the product to more social landlords.

Migom Bank Seeks Partnerships to Drive Innovation in Neobanking

Migom Bank is an established digital bank. Recently, the company has announced its initiatives to expand through partnering with other financial institutions.

Hawk AI accelerates global expansion with $17m Series B

Hawk AI helps financial institutions fight financial crime.

Swissquote launches platform for external asset managers

Etops Group and Swissquote have partnered to launch the new product, called Asset Master.

Attractive valuations for fast-growing tech 'utility'

Cybersecurity spending to hit $172bn

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