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

Citi's investment arm to hire 2,500 coders

JP Morgan is on track to spend $11bn on technology this year, while Bank of America has said it spends about $10bn on tech.

DWS buys stake in UK AI firm in hunt for alpha

Deutsche Bank’s asset management arm has acquired a substantial stake in a technology firm making use of AI to attempt to predict stock price movements.

Did London Stock Exchange suffer a cyber attack?

Trading on the London Stock Exchange was delayed for more than an hour on 16 August, the longest outage in more than eight years.

How Technology is Helping Traditional Banks to Modern Online Banking

As consumer-driven capabilities like mobile deposit and peer-to-peer transfer have grown, these core banking systems have had ad hoc updates

Former Barclays Head Of Tech Announces The Launch Of A Digital Banking Venture

Through Ziglu, users will be able to spend cryptos that they hold using their Mastercard debit card associated with the account.

CaixaBank launches the blockchain platform we.trade

One of the first European banks to add blockchain to its service catalogue

Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole

Technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas

Deutsche Bank to launch 'Motion Code' card in Spain

Other European banks to have tried out dynamic CVC technology include SocGen, BNP Paribas, and BPCE.

Website problem hits Bank of Scotland customers

It added that staff were working on the problem and they hoped to have it "back to normal soon".

Digital bank Monzo seeks £50-100m investment

Its app-based banking system that enables customers to easily move money between accounts, has proved popular with British millennials.

Castle Hall launches free ADV monitoring of 19,000 asset managers

Fintech and Regtech solutions are now a must

LEBC enters 'bionic advice' with app launch

Bionic Advice is the concept devised by LEBC Chief Executive, Jack McVitie, who identified the need to provide an affordable service to consumers by combining access to human advisers with technology.

Five Countries Where Crypto Regulation Changed the Most in 2019

“Some countries now consider them legal tender, while many viewing cryptocurrencies as commodities. Governments around the world are keenly aware of the problem that the technology is rapidly outpacing the laws that govern it.”

Austrian fintech company Bluecode raises $13 million

Bluecode’s representatives confirmed that this is one of the highest FinTech investments in Austria this year.

Wealth Wizards confirms £30 m growth funding round

Based in Leamington Spa in the UK, Wealth Wizards’ end-to-end technology platform allows customers to automate regulated customer journeys

Starling co-founder to launch crypto digital bank

Digital bank Starling has lost a number of top executives in 2019

2020: The Year of the Digital Asset

Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries.

Silicon Valley giant behind Spotify eyes bumper investment in Revolut

TCV, which has also invested in UK money transfer group World Remit, is reportedly looking to commit

Digital partnering is an effective solution not a cop out

‘Firms are struggling against a wave of digitisation in the wealth management arena’

‘Bloodbath’ looms for tech firms as competition watchdog sets its sights on Google and Facebook

The CMA is increasingly drawing a line in the sand in front of US technology giants after decades of unchecked expansion.