Does reconciliation pose a big threat to asset and wealth managers?
A study conducted by AutoRek and Worldwide Business Research has found up to 60% of asset and wealth managers view reconciliations as the biggest challenge to their company.
ING spins out analytics platform Katana into its own startup
Dutch banking and financial services company ING has not only spun out Katana, but also contributed to the venture’s new £3m funding round.
Over 100,000 banking jobs predicted to be lost in next five years to automation
Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.
Allianz underlines potential opportunities and disruptions for insurance sector
In a recent fireside chat, Quantexa CEO Vishal Marria spoke with Allianz Technology CFO Andrea Pettinelli to discuss where Allianz sees growth opportunities in the insurance space alongside potential disruptions caused by big market players entering the sector.
Gold-i launches multi-asset liquidity aggregation and distribution platform
Gold-i has developed an enhanced multi-asset liquidity aggregation and distribution platform, in a bid to streamline its service.
Sustainability insights platform Higg scores $50m
Higg, a sustainability insights platform for the consumer goods space, has collected $50m for its $50m Series B funding round.
Crown Agents Bank introduces new pensions management tool
Crown Agents Bank has launched Empower Pensions, a new end-to-end pensions management platform.
Plum plucks $14m from Series A raise
UK FinTech startup Plum FinTech has brought in $14m from a Series A funding round headed by Ventura Capital and DMG Ventures.
Almost three-quarters of FinTechs see AI as biggest changemaker in next five years
A report by payments technology firm Tribe Payments has found 67% of FinTechs believe AI is the technology that will have the biggest impact on the sector in the next five years.
Bodhi raises $10m for token pre-sale
San Francisco-based Bodhi Foundation has raised $10m in its token pre-sale, with the company preparing for an ICO next month.