Welcome to the eleventh edition of our Wealth & Tech Weekly newsletter
A part of our Wealth & Tech Monthly newsletter process, this weekly newsletter provides a quick overview of the latest wealth management technology-related developments from across the sector internationally. This week's, covering July 1st to July 7th, features 22 market developments.
- 1087% jump in the number of cyber incidents reported to the FCA (Weblink)
- Australia’s Adviser Ratings marketplace is raising on crowdfunding platform Birchal (Weblink)
- Avaloq agrees to buy Zurich-based information and data provider Derivative Partners (Weblink)
- BearingPoint adds 17 new partners to European partnership (Weblink)
- Deutsche Bank selects Finantix to streamline client onboarding and KYC processes (Weblink)
- DriveWealth partners with Sigma Securities and Trove Technologies to launch trading product in Nigeria (Weblink)
- Embark sells 40% stake in business to fund managers BlackRock, Legg Mason and Merian Chrysalis Investment Company (Weblink)
- Envestnet’s MoneyGuidePro launches MyBlocks Digital Marketing for RIAs (Weblink)
- Financial planning App Multiply to launch free robo advice service after FCA approval (Weblink)
- Former Coutts and Credit Suisse private banker launches digital wealth platform Rosecut Technologies (Weblink)
- Global forex CRM and back-office provider FX Back Office partnered with Tradesocio (Weblink)
- InvestCloud appoints as Rebeca Sanchez Sarmiento new CFO (Weblink)
- Northern Trust adopted a cloud DevOps framework to support more efficient technology development (Weblink)
- Novia Global appointed Steve Andrews as Managing Director (Weblink)
- Ortec Finance’s OPAL Solution selected in global accelerator Deloitte Digital Bank (Weblink)
- Personal Capital surpasses US$10 billion in AUM (Weblink)
- Proven Wealth in Jamaica becomes ERI Bancaire’s first Caribbean client (Weblink)
- Sopra Banking Software supports ABN Amro’s wealth management App Kendu (Weblink)
- SS&C Technologies bids for platform provider GBST (Weblink)
- Vestwell adds Lori Hardwick and Rana Yared to its board of directors (Weblink)
- Wealth Wizards’ robo IFA called MyEva launches (Weblink)
- WeInvest sets up operations in Thailand and hires market head (Weblink)