WealthTech

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

Revolut has become the UK’s highest valued FinTech, after its $800m Series E puts its valuation at a colossal $33bn.

Kuwaiti-based Boubyan Bank has introduced a digital-centric, Sharia-compliant bank in the UK.

M1 Finance, which offers a financial super app featuring automated investing, lending, and banking services, has secured $150m in Series E funding round led by SoftBank’s Vision Fund 2 at a valuation of $1.6bn.

International payments provider Vitesse has picked Alessa by Tier1 Financial Solutions to help enable secure real-time global payment transactions.

Bambu, a developer of digital wealth management solutions, has acquired fellow technology developer , doubling its employee count to 130.

UK Insurtech startup Collective Benefits has secured £6m in a funding round led by US venture firm NFX.

Mastercard and Verizon Business have entered a strategic partnership aimed at bringing ‘transformational solutions’ to the global payments and commerce industry.

Digital wealth management platform Syfe has secured $30m in its Series B round, which was led by Valar Ventures.

The Covid-19 pandemic transformed the wealth management sector and firms are looking to accelerate their digitalisation efforts to stay competitive. Wealth Dynamix has outlined an easy six step guide to support a firm’s digitalisation effort.