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FinTech

02/22/2024

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.

02/22/2024

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.

02/21/2024

Iress reports 2023 financial results

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

02/21/2024

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

02/21/2024

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.

02/20/2024

PostFinance is launching a new crypto offering for Switzerland

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

02/20/2024

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.

02/19/2024

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.

02/19/2024

Wealthtime launches notification centre to save advisers time

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

02/19/2024

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).

02/14/2024

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.

02/14/2024

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.

02/13/2024

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

02/13/2024

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.

02/09/2024

AI in banking 2024: The most important questions and answers

A challenge here is identifying where exactly these investments need to be made.

02/09/2024

Bloomberg automates workflow for EUR Swaps vs. Futures

The offering will, in due course, extend to cover spreads versus cash instruments, and additional exchange connectivity.

02/09/2024

Deutsche Bank executes XTransfer’s first onshore Thai Baht trade in Thailand

From there, XTransfer can efficiently distribute the funds to its export clients, ensuring smooth cross-border transactions.

02/08/2024

WealthArc is transforming the family office landscape with Artificial Intelligence

WealthArc empowers family offices, wealth managers and other wealth owners with a state-of-the-art data management platform aggregating over 200k positions every day across the globe.

02/06/2024

Nearly half of wealth managers 'dissatisfied' with their tech systems

Wealth managers view their current technology systems as outdated, Avaloq says

02/06/2024

Deutsche Bank Digital Transformation Strategy Insights Report 2023

The bank provides cash management, merger and acquisition advisory, equities, and capital market services.

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