WealthTech

Digital bank Zopa has raised £75m from existing investors to support the next stage of its growth, which includes M&A activity.

As technological innovation and changing customer behaviours continue to disrupt established financial service channels, the bancassurance model is coming under pressure. Pricing sophistication will help bancassurance operators meet the challenges of today.

A new report has claimed that the UK could lose its position as the global leader in open banking unless drastic action is taken.

WealthTech startup beatvest, a mobile app designed to help people get involved with investing, has reportedly collected €1.3m in seed financing.

BMO’s wealth management division has chosen FactSet, a global financial digital platform, as its primary market data provider.

Vietnamese FinTech company GIMO, which offers earned-wage access, has reportedly raised $4.6m in its Series A funding round.

CrowdX, a FinTech providing marketplaces and liquidity solutions for private firms, has acquired trading platform J P Jenkins for an undisclosed fee.

Smart Pension, a workplace pension provider, has launched three new sustainable lifestyle strategies with different growth fund options.

Federal prosecutors have reportedly seized around $700m in assets from FTX founder Sam Bankman-Fried, as part of an ongoing court case.

Genesis Global Holdco (GGH), the parent company of struggling crypto brokerage Genesis, has filed for bankruptcy protection.