Managers of Wealth Fintech

Over $400 billion has been erased from the value of Europe’s tech industry this year

That’s prompted investors to reassess their positions on lossmaking tech companies, whose values typically rest on the expectation of future cash flows.

Britons shun traditional banks, as just 32% believe their bank is providing enough support with the cost-of-living

An additional 31% of those surveyed feel overwhelmed when budgeting and assessing their personal finances, although this figure rises sharply to 52% amongst those aged 18-34.

BCG Creates BCG X as New Hybrid of Consulting and Tech Build & Design Capabilities

BCG X will turbocharge BCG’s deep industry and functional expertise to enable innovation at scale and deliver successful end-to-end digital transformations

Go digital, why businesses need a truly digital banking solution

During the global pandemic, the adaptability and resourcefulness of our populace was on full display.

Investment in B2B fintech set to continue to outpace B2C fintech in 2023, experts say

Big B2B fintech investments this year include wealth management platform FNZ raising $1.4bn; payments firm Checkout.com raising $1bn; and B2B insurtech Wefox raising $400m.

The curious case of extreme fintech deals

This is indicative not of a dearth of capital per se, but of a more thoughtful investor grappling with current market conditions.

Klarna CEO says firm was ‘lucky’ to cut jobs when it did, targets profitability in 2023

“We should be back to profitability on a month-by-month basis, not necessarily on an annual basis.”

FIS to cut thousands of jobs - Bloomberg

"These include actions surrounding the optimization and reduction of vendor spend, the outsourcing of non-value-added activities, and reviewing and rightsizing the current workforce."

Single family home market dries up

In terms of demand, which is primarily measured by the length of the advertisement, there are clear differences between German-speaking Switzerland and the rest of Switzerland.

Do banks really need a new core?

This is a question I know has been heavily discussed at most banks.

Barclays hopes to scoop up laid off tech workers

The Special Edition of Rise will connect participants to fintech experts to power their business ideas.

Analysis: U.S. banks to pounce on fintech deals as valuations plunge

"We may buy more on the payments side," Huntington's Chief Executive Officer Steve Steinour told Reuters in an interview.

Analysis-U.S. banks to pounce on fintech deals as valuations plunge

The decline presents an opportunity for Main Street banks to buy companies and beef up their technology for digital banking, online payments and other financial services and diversify beyond lending.

New Banking Study Reveals Growth Benefits of Personalisation, Innovation and Trust in Customer Experience

It turns out that better customer experience strategies aren’t just a boon for banks but are associated with better business results.

Klarna CEO accuses media outlets of "hypocrisy" over treatment of BNPL

The Klarna boss linked the tweet to an article by US tech website CNET on tips to spend “smarter” over the shopping season.

Not all banks are created equal

Here are three ways that digital banks are setting themselves apart.

Sam Bankman-Fried’s Alameda quietly used FTX customer funds for trading, say sources

Many employees and outside auditors were unaware that FTX did not have enough money to match customer withdrawals, the source says.

New Zealand Government to launch open banking by 2024

Better late than never.

Analysis reveals San Francisco is the fintech capital of the world, with over £200 billion in funding

The study also examines these locations to find out where is best to launch a career in fintech, looking at the number of jobs, average salary and the cost of living.

Singapore’s DBS Explains How Big Banks Can Implement DeFi, Too

Project Guardian involved Ethereum scaling system Polygon, DeFi lending platform Aave and decentralized exchange Uniswap.

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