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

Generative AI: just getting started

The first wave of positive impact from gen AI drove demand for high-end chips used to train large language models (LLMs).

Lithuania’s Šiaulių Bankas Selects Temenos SaaS to Modernize Core Banking in the Cloud

The bank will migrate retail and corporate banking to Temenos Banking Cloud to drive growth and expand into new segments

Buckaroo wins merchant services deal with ABN Amro

This partnership is supported by Keensight Capital, one of the leading private equity managers dedicated to pan European Growth Buyout investments.

Enhancing Client Satisfaction through digitalization: the vital mandate for wealth management institutions

These factors have opened opportunities for alternatives to current wealth management providers.

It Can’t Just be about Tech

Meanwhile global equity investors search for further support for the rally from the rest of the world.

Ex-HSBC wealth manager launches conversational AI agent

Finley AI combines trained financial generative AI with enterprise-grade data privacy and security.

Bank of England and HM Treasury Consultation Response to the Digital Pound

While no decision has yet been made whether or not to adopt the digital pound, it remains more likely than not that the UK will adopt a central bank digital currency (CBDC) later this decade.

HL rows back on digital advice plans as shares fall 8% on flows and profit drop

The business has taken a £14.4m hit after pausing the development of tools to expand digital advice service.

Iress reports 2023 financial results

The product and technology separation of the South Africa & Canada businesses from the core businesses is also progressing.

Adnovum and Squirro are teaming up to transform banking, insurance and the public sector with generative AI

The aim of the collaboration is to further improve Adnovum's digital solutions using Squirro's modern technologies

Cyber group responsible for attacks in Jersey disrupted by UK National Crime Agency

The group is known to be one of the most prolific ransomware groups in the world, and has targeted organisations around the world, including in the UK and in Jersey.

PostFinance is launching a new crypto offering for Switzerland

The introduction is characterized by user-friendliness, transparency and attractive conditions for everyone.

SIX's digital subsidiary opens to bonds from all over the world

This is provided that they are evidenced by a global certificate deposited with a collective custody organization recognized by SDX.

How the EU AI Act could transform financial services

A system’s scoring on this chart will determine which level of regulation it falls subject to.

Wealthtime launches notification centre to save advisers time

Trackers for transfers and secure messages are also planned to be added to the notification centre.

Banking apps: Traditional institutions are putting neobanks in their place

Revolut, the leading neobank in Europe and Switzerland, ranks third, along with the foreign banking app Wise (formerly Transferwise).

UK fund tokenisation: summary of the Technology Working Group’s “Blueprint for Implementation”

The Report forms part of a wider initiative to harness the potential of innovative technologies, including blockchain and distributed ledger technology (DLT), for the UK asset management industry.

Virgin Money acquires abrdn's stake in joint venture wealth platform

The business has since added a pension product for users to save from just £25 a month and shift existing pensions to the platform.

VENCORA UK Limited publishes definitive notice of the end result of the public tender offer for all publicly held registered shares in CREALOGIX Holding AG

Ad hoc announcement pursuant to Art. 53 LR

Are family offices emerging as competitors to venture capital?

Until relatively recently, nobody was talking about family wealth – now it’s seen as a powerful driver of innovation.

FinTech