WealthTech

UK WealthTech platform Vega has launched with over $8m in equity investment.

Post-deadline, the financial industry is grappling with the new standards set by the UK's latest regulatory mandate. The objective of this update is to bring more transparency and accountability to wealth management and insurance enterprises, fostering a more profound commitment to the consumer.

Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry.

RazorpayX, the business banking platform of Razorpay, has reportedly expanded its Payroll Platform to cater to enterprises and large-sized businesses.

Research indicates that the Generative AI market is at a pivotal moment. According to Grandview Research’s Market Analysis report, the global generative AI market size stood at USD 10.14bn in 2022 and is poised to witness a compound annual growth rate (CAGR) of 35.6% from 2023 to 2030.

Veem, a leading provider of global accounts payable and receivable solutions for businesses, has expanded its real-time payment capabilities, by releasing of virtual cards for small businesses in the U.S. 

The founder and CEO of Singaporean firm CardsPal has stepped down just three months after it was acquired by FinTech utu.

Fujitsu, a leading global digital services company, and Hokuhoku Financial Group, a prominent financial institution comprising of several subsidiaries and affiliates, have announced a pioneering collaboration.

Brazilian neobank Nomad has secured $61m in its Series B funding round, to bring in the largest investment for a LatAm financial startup this year.

The transformation in the wealth management landscape is undeniable. To achieve consistent double-digit growth in this maturing industry, the focus must shift towards retail investors. These investors are a vast reservoir of opportunity, yet they present a set of challenges that many in the wealth management realm may find unfamiliar.