Life savings app builder, Freetrade, seals £1.76m Crowdcube fundraise
UK-based FinTech firm, Freetrade, which portrays itself as the creator of a life savings app, has successfully surpassed its Crowdcube funding target.
UK investors embrace AI: 73% trust ChatGPT for future financial advice
A new report from the Investor Index uncovers significant shifts in investor behaviour and attitudes in the UK, highlighting the growing trust in AI-driven...
How mid-sized banks are leveraging FinTech and open banking
Although financial participation continues to linger at around 10% among European banking clients, a stark contrast to the 89% of individuals acknowledging the importance of financial preparedness for their future, several emerging trends are inspiring optimism. These trends are pushing financial participation to new heights.
GlobalBlock closes a $300,000 private placement in a hunt for new acquisitions
GlobalBlock Digital Asset Trading Limited, a publicly traded holding company which runs a European Union-based digital asset broker, has announced a successful closing of its non-brokered private placement.
Embracing AI for transformation: Key insights from Aiviq’s asset management roundtable
Last month, Aiviq spearheaded a crucial industry event, bringing together forward-thinking leaders from 10 prominent asset management firms.
Backbase & Nucoro merger set to revolutionise digital investment services
Amsterdam-based Backbase, a global leader in engagement banking software, has announced the acquisition of Nucoro, a digital wealth platform based in the UK. The terms of the deal remain undisclosed, bringing together two key players in the world of FinTech.
Generational investment divide: Young favour US while elders back Britain
In Q1 2023, young investors exhibited a preference for US markets, while their older counterparts backed British funds, as per a recent report from smart money app Plum.
Beyond gamification: How wealth managers can improve customer experience with analytics
The evolving landscape of the digital era offers significant opportunities for financial institutions, particularly in the wealth management sector. Using gamified elements to draw consumer attention and cultivate loyalty has become a common practice.
How WealthArc is shaping the future of WealthTech with data automation
WealthArc has consistently emphasised the role of accurate data in making informed business decisions. Over the years, the company has been dedicating significant resources to optimise their data reconciliation processes. The company has released a new report that explores just how it can help firms save time through automation.
Wealth management for Millennials: Are firms missing out on a massive opportunity?
When talking about millennials, it is easy to think they are still quite young; however, some of those in the generation are already in their 40s. This is the perfect age for wealth managers to be onboarding them as clients, but have some firms missed the boat?