Advisory & Brokerage

The coronavirus crisis has made it near impossible to meet new clients face to face, which is why technology is playing an increasingly important role in the process of managing customer relationships.

Implementing digital wealth management solutions can be tempting for many companies. However, the choice of whether they should build their own, enlist vendors or mix the two approaches is far from easy to make.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Funding rounds for FinTechs focusing on younger generations have come in hot and fast lately, with Cleo becoming the latest one to top up its coffers by closing its $44m Series B.

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

UK challenger bank Starling Bank has added WealthTech Nutmeg to its marketplace.

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

WealthTech platform Addepar has closed its Series E funding round on $177m, as it looks to deepen its platform capabilities.

Kidbrooke, which designs APIs for wealth management, has released the first part in a series of articles around artificial neural networks (ANNs).

Alternative investment tech platform RealBlocks has secured $7m in a series A round led by Crosslink Capital.