HSBC UK has found a silver lining to the coronavirus cloud, revealing that the switch to remote wealth and investment advice during the pandemic has saved nearly 900,000 sheets of paper.
The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.
Wealth platform InvestCloud is contemplating an initial public offering that would value the London-based fintech at $10 billion, Bloomberg reports.
Barclays bank is introducing a hybrid digital wealth management service for current account customers with a minimum of £5000 to invest.
NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.
As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.
QuantumLight, a quantitative venture capital firm founded by Revolut’s Nik Storonsky has closd on a $250 million fund for backing founders across AI, Web3, Fintech, SaaS and Healthtech.
Forbes has released its annual Fintech 50 list for the tenth year, highlighting the top growing fintech businesses in the industry.
Commonwealth Bank of Australia has poached Ranil Boteju from Lloyds witth a brief to lead the Australian bank’s sprawling AI initiatives.
European neobank Bunq has introduce an auto round up feature that puts spare change into crypto for background wealth-building.
Two major Indian banks have respectively appointed new chief executives.
Struggling French payment firm Worldline is to offload its Swedish payments orchestration business CoreOrchestration to Incore Invest in an all-cash transaction valued at €160m.
WorkFusion, a fintech building AI agents for financial crime compliance, has raised $45 million in a funding round led by Georgian.
Tandem Bank has acquired Loop, a money sharing app co-founded by the bank’s chairman Paul Pester.
The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.