Managers of Wealth Fintech

Older Americans demonstrate more digital financial literacy than younger peers

These people understand a combination of basic financial knowledge and can protect themselves online from phishing attacks and other scams.

Citi Explores Quantum Computing for Portfolio Optimisation

In exploring the perks of quantum computing on bank portfolio optimisation, Citi Innovation Labs partnered with Classiq for their specific quantum computing expertise and support.

Abu Dhabi Global Market announces ‘innovative’ online dispute resolution platform

The new platform aims to provide a self-driven solution for parties, including by offering a template settlement agreement to parties if a settlement offer is accepted.

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.

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.

RF Group selects OLYMPIC Banking System as its new core-banking platform

OLYMPIC Banking System will be installed for RF Group’s three main banking entities in the Bahamas, Barbados and the Cayman Islands.

Rising Fintech LoanStar Secures US$28m in Growth Equity

The company expects to close on the remaining amount, which will be used to repurchase shares from early investors, in the next two months.

Simcorp and Venn by Two Sigma form partnership

Under the new partnership, Venn’s clients will benefit from equity risk factors derived from the latest version of the Axioma US Equity Factor Risk Models

Tokenisation is Set to Continue to be a Focus For 2024

Law firms are establishing digital funds groups, administrators are establishing digital leads or innovation committees and managers are establishing digital funds, for instance.

Tookitaki rebrands AML suite to FinCense

This move aims to address the convergence of fraud and AML challenges more effectively, providing a unified solution to financial institutions grappling with these intertwined risks.

Deloitte, Informatica, and Workiva form alliance for enhanced ESG data management and compliance

The collaboration aims to bolster clients’ environmental, social, and governance (ESG) implementation and data management capabilities.

Segura Bank International goes live with Temenos core banking in the cloud

Temenos’ cloud-native platform enables SBI to rapidly launch US dollar financial products and leading digital experiences to customers across Latin America

10x signs first African client

This opens up a huge set of opportunities for the underbanked and unbanked, which in turn drives economic growth.

UK fintech investment down 34% in 2023

UK fintech investment in 2023 was the lowest since 2020 ($6.5bn) and the Covid-19 pandemic.

Elevate Teams joins HawkSoft’s Solution Partner program

The company focuses on matching virtual assistants with agencies based on cultural fit and management style, offering comprehensive training on insurance workflows to bridge skill gaps.

Wealth Management Trends Transforming the Industry in 2024

Expect a renewed focus on emerging technologies, stable returns, and newer customer segments for wealth management firms.

'Build with Reltime' -- World's First Web3 Banking-as-a-Service in a Box: A New Era of Financial Innovation

Additionally, it facilitates direct P2P payments via QR code, phone number and e-mail, supporting over 20 global currencies.

Commercial Bank of Kuwait selects Network international for digital transformation project

The partnership marks a significant milestone in the digital transformation journey of Al-Tijari, the second oldest and one of the leading financial institutions in Kuwait.

Several industry associations voice concerns over AML regulation draft

The crux of their apprehension lies in the perceived discriminatory treatment against Payment Initiation Service Providers

ESAs call for changes to the monitoring of BigTechs’ financial services activities

A noteworthy initiative from the ESAs is the establishment of a novel monitoring matrix aimed at enhancing oversight of BigTech’s imprint on the financial sector in the EU.

Innovation & Startups