WealthTech

The financial services industry is undergoing a paradigm shift. For financial institutions to stay relevant and keep pace with FinTechs, they must do "whatever it takes" to beat the tech startups, including acquiring them, Aquaa Partners CEO says.

Binance, one of the world’s leading cryptocurrency exchanges, has been banned from operating in the UK. This might be a sign that regulatory bodies will now put cryptocurrency exchanges under their microscope.

Brazil-based digital bank has C6 Bank received an investment from JPMorgan Chase, which sees it take a 40% ownership stake in the FinTech.

A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.

BigTech companies like Amazon and Google has changed the customer expectations for online experiences regardless of industry, but will these experiences be tied to the success of firms in wealth management.

Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.

Savings and investments platform Chip launched ChipX, a new membership plan that aims to boost access to more investment funds from BlackRock for its users.

Emma, a personal finance platform, has nearly doubled its crowdfunding target to reach £1.9m.

Vietnam-based Infina has closed a seven-digit seed round as it looks to make investing available to everyone in Vietnam.

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.