ECB stress test reveals potential climate peril for European banks
A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.
How are rising ESG interests changing wealth management
Climate change is one of the biggest challenges we face. While policies like the Paris Agreement attempt to change the world to have a net-zero emissions impact, there are still billions of dollars invested each year into harmful industries, such as fossil fuels. As pressure on climate change rises, could firms start to focus more on ESG funds?
The FCA to boost confidence in consumers around investing, with new regulation likely
The UK Financial Conduct Authority (FCA) has issued a new strategy that is designed to improve the confidence consumers have to invest, with more regulations likely.
Lightyear scores $8.5m seed funding as it begins investment app roll-out
UK commission-free stock trading app Lightyear has pulled in $8.5m from a seed funding round led by Mosaic Ventures.
Investing app Peaks collects €5m in funding as it bolsters position in market
Digital investing platform Peaks has reportedly raised €5m in a funding round, which will bolster its presence in the Netherlands and Germany.
Six ways wealth managers can transform client interactions into trusted relationships
In wealth management, prioritising client service is the only way for establishing a long-lasting relationship. And wealth managers must leverage intelligent technology to provide a more efficient customer experience and gain their client’s trust.
India-based Stockal said to close $1m investment ahead of its pre-Series A
India-based Stockal, a retail investment platform, has reportedly raised $1m from ScaleX Partners.
Shariah-compliant crowdfunding platform Ethis Global bags pre-Series A
Shariah-compliant crowdfunding platform Ethis Global has raised RM 6.8m ($1.6m) in its pre-Series A round.
DriveWealth reaches $2.85bn valuation after round close
DriveWealth Holdings, a fractional trading and embedded finance platform, has collected $450m in its Series D round, putting its valuation at $2.85bn.
Klub closes seed round made of debt and equity
India-based Klub, a financing platform aimed at brands with high customer engagement, has reportedly netted $20m in a seed funding comprised of a mix of equity and debt.