Wealth management news

Wealth management headlines

FCA plans to align rules for fund managers and investment managers pose material threat says Pimfa

23 May

Moven adds digital wealth management tools with Atomic

22 May

Haru Invest and Mercuryo team on fiat-to-crypto gateway

16 May

Yield App boosts crypto accessibility with Volt real-time payments

16 May

Stratiphy debuts investment app

16 May

Orion Advisor Solutions goes live with ChatGPT integration

10 May

Temenos adds investment advisory features to Digital Wealth

10 May

Twenty7tec releases new digital marketing platform for mortgage, wealth and protection advisers

10 May

FinaMaze appoints Michael McManus-Schouchana to lead European expansion

04 May

GBST acquires WealthConnect

02 May

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Bitpanda to invest $10 million in AI

Austrian cryptocurrency outfit Bitpanda is to invest $10 million to create a dedicated AI division.

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PIMFA WealthTech and Morningstar launch 'Duty of Care' tech challenge

Cloud, SaaS & ESG: Trends causing a shift in Wealth Management

ChatGPT investment fund smashes the UK's ten most popular funds

Raiffeisenlandesbank to offer crypto investments

Iress to reduce global headcount by 10% amid major restructuring

Virgin Money launches digital wealth platform

FCA to host Greenwashing TechSprint

BTG Pactual mints dollar-backed stablecoin

Private banking startup Kashet raises £5.4 million

Study shows rise in online stock trading

[On-Demand Webinar] Fintech vs. Banking: Who will win the deposit war?

Wealth management blogs

Artificial Intelligence and Financial Services

Let's embrace the future of finance with LLMs!

Jose Pierre

Jose Pierre - Marketware International, Inc. - Holmdel

Banking

From Crisis to Opportunity: Using eKYC to Transform Banking

Shiv Nanda

Shiv Nanda - https://www.risinginnovator.com/ - Karnataka

Alternative Investments

Australia's Potential as a Crypto Capital: A Guide for Family Offices and Hedge Funds

Simon Dimoni

Simon Dimoni - HollaPay - Toronto

Banking Strategy, Digital and Transformation

The Importance of Fintech Partnerships

Alan Quinlan

Alan Quinlan - dimply - Dublin

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Latest TV

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Cloud, SaaS & ESG: Trends causing a shift in Wealth Management

Speaking at TCF 2023, Alexandre Duret, Senior Product Director, Wealth Management, Temenos, discusses the role technology plays in supporting private banks and wealth management, and the processes used to help adapt to new market opportunities.

Unlocking the Value of Generative AI & Large Language Models

Speaking to FinextraTV, Jerry Haywood, CEO, boost.ai, discusses harnessing the power of Generative AI and how financial services can leverage large language models and Conversational AI to innovate within the industry.

How is digitalization reshaping wealth management?

Speaking to FinextraTV, Yaela Shamberg, Co-Founder and Chief Product Officer, InvestCloud, discusses the digital tools and trends reshaping the next phase of the wealth industry.

Tech trends in wealth management for 2023

In this episode of FinextraTV's PREDICT 2023 Series, Liz Field, Chief Executive Officer, PIMFA, shares her predictions for tech trends in wealth management in 2023.

The long read

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Christian Kent

Can the wealth management industry embrace technology in the race for alternatives?

Christian Kent - Managing Director, Houlihan Lokey

Discussion

From Crisis to Opportunity: Using eKYC to Transform Banking

Ketharaman Swaminathan

Ketharaman Swaminathan

While the benefits of eKYC have been well-known for a long time, the technology continues to be plagued with regulatory ambiguity despite being around for 10+ years. Today's Economic Times reported that RBI has tagged all accounts opened via C-KYC as high-risk and has told banks / FIs that used eKYC to do physical check to authenticate accountholders. Not something that can't be fixed with lobbying but eKYC providers are naive to believe that they can succeed just on the basis of their features and benefits. Fintechs Need Marketers And Lobbyists, Not Lawyers

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ChatGPT investment fund smashes the UK's ten most popular funds

Ketharaman Swaminathan

Ketharaman Swaminathan

This could be BIG! From time to time, we hear about alternative sources of information for lending, trading, investing and other financial endeavors. Social media feed for BNPL seems to be popular. We don't hear much about Twitter sentiment for stock trading these days. After getting off on a good start, time will tell how ChatGPT fares in stock trading / investing.

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The DNA of a Successful Transformation Organization

Ketharaman Swaminathan

Ketharaman Swaminathan

I've been buying products from the Amazon website / app for 25 years. During this period, I've tried to buy the same products from the websites / apps of brick-and-mortar retailers and the original product companies. I don't recall the last time I succeeded. Also, during the same period, I've successfully bought credit card on bank websites, insurance on insurance company websites, bought and sold stocks on eTrading websites, but failed to buy a bank account on a bank website. IME, the biggest bugbear for FI DX is suboptimal handling of channel hop-offs involved in omnichannel customer journeys, which is more a business problem than a technology problem. Going by my experience, financial institutions easily outperform all industries except ecommerce on digital transformation. While there's always scope for improvement, I don't agree that FIs "stumble on the path" of DX initiatives.

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The U.S. is One Step Closer to Making Open Banking a Reality

Ketharaman Swaminathan

Ketharaman Swaminathan

When I last wrote on this topic in Open Banking: EU v. USA, there were 80M users of "Open Banking" in USA, driven entirely by free market forces. Despite having the backing of regulation, EU had a measly 5M. By the time CFPB s1033 rules go into effect in 2024, I'm guessing free market forces would have already saturated the adoption of "Open Banking" in USA. Not sure if regulation will move the needle much.

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Featured

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Morgan Stanley and Stripe tap into OpenAI's GPT-4

Finextra's year in review

Saudi wealth fund launches $24bn tech fund

CFA paper calls for ethical use of AI

The long read

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Paige McNamee

Wealth management: Evolving the role of wealth advisor for a digital future

Paige McNamee - Finextra Research

Elsewhere...

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Liz Field

Is the future of the wealth management industry here?

Liz Field - Chief Executive, PIMFA