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

Rabobank hails blockchain pilot for euro commercial paper transactions

The transactions were executed, distributed and settled in under 30 minutes

Banque de France, HSBC, IBM test interoperability of wholesale CBDC

HSBC also uses blockchain for its FX Everywhere service, a DLT solution for the netting and settlement of FX transactions and payments.

Broadridge and Strate Connect to Streamline the Proxy Voting Lifecycle in South Africa

Strategic collaboration enhances proxy voting efficiency and supports higher levels of corporate governance

B2B InsurTech Bondaval raises €15 million

Bondaval has now raised more than $25 million to-date within a brief two-year period.

German Banks Respond to Big Changes With Transformation

Traditional banks are modernizing systems and business models as new competitors and products disrupt the industry, ISG Provider Lens™ report says

Fundvest opens in Lithuania

The mobile application operates in Android OS and iOS environments.

Clear Junction announces launch of escrow accounts for fiat and crypto trading

The escrow accounts solution is open to Clear Junction clients and is designed for use by crypto exchanges who want to provide their clients with an additional layer of security.

NatWest adds Confirmation of Payee to open banking payments

"Without CoP, these name checks would usually be done manually and result in a time-consuming laboursome process that is open to error. Now through the use of Payit, customers can do these automatically."

UK challenger Bevan Money to install Sopra Banking core

The business has officially completed the pre-application stage of the Bank of England’s New Bank Start-up Unit

reAlpha Asset Management Secures $100M Capital Commitment

Over the last two months, reAlpha agreed to a $200M joint venture with Singapore-based asset management firm SAIML Pte. Limited to acquire rent-ready vacation homes.

FintechOS insurance revenue soars 300% YoY

Revenue growth driven by major customer wins and expansion into new markets

Why Data Sharing and Technology Are Key to Tackling Illicit Finance

Legislators, public authorities, regulators and the financial-services industry globally are investing enormous sums to combat the threat, but outcomes remain poor, with less than 1 percent of illicit funds recovered.

PayPal readies for EU crypto push with Luxembourg roll out

"We are committed to continuing to work closely with regulators and policymakers in Luxembourg to meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce."

Europe’s fintech future looks a lot like traditional banking

Dutch payments firm Adyen NV began lending to small companies this year following US-Irish rival Stripe

7IM Partners With StarCompliance For Employee Compliance Software Solution

The investment management firm will implement the SaaS compliance platform to mitigate the risk of conflicts of interest more easily and effectively across its fast-growing employee base

Baillie Gifford goes live with corfinancial's SureVu

“Following the introduction of the new CSDR regulation, it is imperative to have a timely and reliable solution that enables firms to effectively govern middle office processes.”

HashKey Group and SEBA Bank Form Strategic Partnership

The two groups are also committed to complying with and embracing the regulatory frameworks of their respective jurisdictions with the highest standards of compliance, Know-Your-Customer and Anti-Money-Laundering policies and measures.

Sygnum expands its offering into Luxembourg, Europe’s largest fund market

Client’s crypto assets are fully segregated and held off-balance sheet which eliminates all counterparty risks towards Sygnum

Accenture Completes Acquisition of ARZ’s Staff and Business Assets

The acquisition of ARZ’s business capabilities expands Accenture’s cloud-based banking offerings, ranging from core banking services to online banking, as well as regulatory services for clients across Europe.

ECB payments experts sound the death knell for bitcoin

The value of bitcoin peaked at $69,000 in November 2021 before falling to $17,000 by mid-June 2022.

FinTech