Robo Advisors

Chip looks to raise funding through crowdfunding campaign

Digital savings account Chip is looking to raise up to ?20m in the coming week through a crowdfunding campaign on Crowdcube.
fintech-news

Robo-adviser MortgageGym bags £500,000 from former Deutsche Bank exec

Mortgage robo-adviser MortgageGym has reportedly picked up a £500,000 investment from former Deutsche Bank AG COO Henry Ritchotte.

B2B WealthTech Flanks scores €2.3m in funding

Flanks, a B2B WealthTech platform aimed at improving investor management capabilities, has reportedly scored €2.3m in a funding round.
fintech-news

Aviva buys majority stake in ‘robo’ investment platform Wealthify

Aviva has bought a majority stake in to robo-advisor solution provider Wealthify, for an undisclosed value.
fintech-news

Investoo Group acquires RoboAdvisor.Com in undisclosed deal

London-based Investoo Group has acquired robo advisor comparison website RoboAdvisors.Com to help the company expand into portfolio management.
fintech-news

Wealthfront nets $75m in latest round, led by Tiger Global

Robo-advisor Wealthfront has netted $75m in a round of funding led by Tiger Global Management.

Bambu takes $400,000 for robo-advisors

B2B robot wealth advisor Bambu has raised $400,000 in a seed round from angel investors and mobile technology firm Tigerspike.

OpenInvest has received $10.4m in its Series A funding

OpenInvest, a digital investment advisor for socially responsible investing, has received $10.4m in its Series A funding led by QED Investors.

WealthNavi picks up $15m for robo-asset management

Tokyo-based asset management service WealthNavi has raised $15m in a Series B round of funding. The investment comes from SBI Holdings and other backers.

Scalable Capital said to raise $28m in funding

Scalable Capital, a robo-advisor platform, has reportedly received $28m in a new growth capital round.

News Stories

AML

Leveraging AI to enhance efficiency in AML sanctions screening

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.

EU launches new anti-money laundering agency in Frankfurt to bolster financial security

MEPs have approved the establishment of a new EU anti-money laundering agency, which will be based in Frankfurt.

Tackling money laundering: How KYC loopholes are exploited by criminals

KYC protocols serve as the cornerstone of AML efforts, obliging financial institutions to verify their customers’ identities.

FINSIGHT acquires T-REX to revolutionise global private credit analytics

FINSIGHT has acquired T-REX to advance cashflow analytics in the global private credit and structured finance sectors.
Egress

KnowBe4 acquires Egress to enhance AI-driven email security

KnowBe4 has announced its plans to acquire Egress, a prominent figure in adaptive and integrated cloud email security.

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