WealthTech

Financial adviser Wealth Wizards has continued its mission of improving financial wellbeing in the UK with the launch of its Master Trusts solution.

Bank Islam Malaysia Berhad has launched a fully cloud-native digital banking platform, Be U.

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Shares, which claims to be Europe’s first social and community-based investing app, has closed its Series B on $40m, just months after its UK launch.

 Nearly three-quarters (72%) of consumers are interested in a ‘super app’ that acts as a one-stop-shop for most of their needs, according to a report from PYMNTS and PayPal.

Digital transformation platform InvestCloud will help Netherlands-based bank Rabobank provide its customers, both private and retail clients, with digital financial planning tools.

Micro investing platform Wombat has launched a crowdfunding campaign ahead of its international expansion initiative.

Open data and payments platform Moneyhub has partnered with financial planning and banking app Pennyworth, to redesign digital banking for the aspiring-affluent customer.

Neon, a FinTech and digital bank driven by the vision of improving the lives of working Brazilians, has raised $80m.

Investment platform ALT has raised $200m in debt financing, which was led by Atalaya Capital Management.