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

LHV Bank applies for UK banking licence

The banking application is subject to regulatory approval by the PRA and FCA and can take up to 12 months if the application is deemed not complete.

Lloyds on 'heightened alert' for Russian cyberattacks on banks

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday. read more

Onfido scores key contract with TSB to overhaul customer onboarding

A major client win for the ID verification fintech.

FE fundinfo underlines global ambitions with Fundsquare acquisition

This is a centralised platform for data connects the whole ecosystem of a fund and allows global fund managers to run the fund throughout its lifecycle.

GB Bank chooses TruNarrative for customer onboarding and transactional risk

The TruNarrative platform enables banking, lending, ecommerce and payments firms to safely onboard customers, detect fraud and identify risk via a single API.

UK Finance launches supplier assurance framework

The current approach has contributed to supplier frustration with some citing capacity and prioritisation constraints.

Canada Life UK Goes Live with Temenos Multifonds

The assurance and pensions firm will administer more than £40 billion of assets on the Temenos fund accounting platform

Iress to expand its footprint to new Euronext colocation site in Bergamo, Italy

The new data centre is anticipated to be online and connected to the company’s network of 19 other data centres in the coming weeks. Iress is already helping existing clients to seamlessly relocate to Bergamo IT3.

Hargreaves Lansdown is waking up to fintech’s digital disruption

The UK’s largest direct to consumer investment house can still thrive in the digital era but budding competition from once scrappy startups is now a real threat to its business.

Scottish fintech Guiide raises investment

These licences have provided Guiide with its first significant revenue.

How UK financial services regulation applies to AI to be explained to businesses

“Different types and sizes of firms will have different views and needs, and any regulatory interventions should be proportionate."

Klarna brings rewards programme to UK

With Klarna’s new rewards programme, consumers earn points every time they use Klarna’s ‘Pay Now’ immediate payment option or make an on-time repayment when using Pay Later or Pay in 3.

Intesa Sanpaolo launches new startup development programme

These are high-tech companies, including small and young firms, hotbeds of ideas and projects, capable of grasping stimuli to create new business opportunities and generate new jobs.

London Stock Exchange to acquire Tora for $325 million

Upon closure in H2 2022, Tora will become part of the Exchange's data & analytics division.

Sharktower acquired by Proteus in £10m deal

Sharktower’s software automatically tracks a business’s activities and alerts managers when targets are not being met.

Crypto-assets regulation around the world

Integral to the crypto-asset ecosystem are crypto exchanges

Meet six former bankers who quit for crypto: ‘My phone rings off the hook’

They used to ask me, ‘What is wrong with you?’ and now, they’re asking me, ‘How can I be a part of it?’” said one former banker-turned-crypto exec

EQS expands strategic focus and becomes ESG tech provider

With the expansion of its business activities, EQS Group AG is positioning itself in the multi-billion ESG future market.

UK regulators publish AI report

Regulators should provide greater clarity on existing regulation and policy but such clarification and any new guidance should not be overly prescriptive and should provide illustrative case studies.

Denmark's Ageras raises EUR30m

Buoyed by strong retention rates, high organic growth and several acquisitions, Ageras Group’s founders plan to focus on expanding in Scandinavia, Germany, France and the United States.

FinTech