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

French bank to buy majority of Belgian payment solutions group

Dalenys will increase Natixis Payment Solutions' international client base and will pave the way for a rapid European expansion.

will.i.am: AI will be more disruptive to London tech scene than Brexit

Echoing similar remarks made by Chinese business magnate Alibaba chairman Jack Ma this week, will.i.am said that historically, technology and industrialisation have caused wars.

IDT Corporation to Sell Gibraltar Based Banking Unit

The agreed-upon purchase price consists of the value of IDT Finance's net assets at closing plus an additional amount of approximately £3 million.

French Bank Joins Fintech Frenzy

The French institution is teaming up with online startup platform WHub to host a 36-hour fintech hackathon in Hong Kong.

$1bn Canadian robo giant set for September UK launch

Our mission is to make smart financial services accessible to everyone in the world.

Old Mutual Wealth replaces consultants on replatforming project

Around 20 Accenture staff worked on Old Mutual’s replatforming, but have been sent home after IFDS was kicked off the project.

Numerix reports Sberbank deal

The IT program that we started several years ago required innovative solutions and a new approach to risk management.

Eze Software launches MiFID II commission management platform

The product focuses on the creation of a research evaluation process aligned with MiFID II-required fund and strategy groups.

Investec's digital boss on why robo launch took two years

‘Investec is all about service. What we didn’t want to do was dilute that approach.

Atom Bank gets £30 million from the government

Banks are required to maintain a certain amount of capital to secure their lending and other assets.

Rabobank selects Finastra payment services hub

The solution enables Rabobank to consolidate legacy payment operations, simplify operations, and reduce operating expenses.

Broadridge Launches Trade Reporting Solution for SFTR Regulatory Change

SFTR requires EU counterparts engaging in securities finance transactions to report trade data to a registered Trade Repository.

High-profile UK tech failures highlight danger of overhype

Failure itself is not unusual in the tech sector.

Natixis Asset Management to test blockchain with FundsDLT

Natixis Asset Management says it has €358 billion of assets as of 31 March 2017 on behalf of institutional and retail clients.

Offshore platform picks IFA software company for UK service

It includes an option to use an automated portfolio modelling suite

FinTech fraud firm AimBrain has closed its £4m Series A round

The startup’s platform is primarily targeted at financial services businesses and utilises deep learning to provide seamless identity authentication using biometrics.

Sweden’s Klarna wins Europe’s biggest fintech banking licence

Fintech groups in Europe and the US such as SoFi and Zopa have been seeking full banking licences but Klarna – with its 60m customers across Europe and €13bn in transactions processed last year – is one of the largest.

Spain’s first fully digital bank Openbank in major transformation

It has one million customers and over €6 billion in deposits.

Aegon in talks with FNZ to power £40bn institutional platform

The institutional platform is understood to hold around half of the total £83.6 billion Cofunds assets under administration.

Estonia Is Testing A ‘Digital Residency’ Program For Internet Companies

The e-Residency program allows entrepreneurs to run a company online using a government-issued virtual identity