Welcome to the ninth 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 June 17th to June 23rd, features 30 market developments.
- ABN Amro goes live with the Temenos WealthSuite (Weblink)
- Accenture finds banks falling behind on digital transformation efforts (Weblink)
- AccuTech Systems acquires Money Tree Software (Weblink)
- Addepar partners with Mirador for client reporting (Weblink)
- Aegon halves platform charges for new clients (Weblink)
- Alipay’s Ant Fortune and wealth management platform serves 80 of 124 asset management firms in China (Weblink)
- Appway and Protiviti partner to automate KYC processes (Weblink)
- BCG study finds financial services firms 30 times more likely to suffer a cyber attack (Weblink)
- Betterment for Advisors launches paperless ACATS system (Weblink)
- Broadridge recruits Frederick Duden to role of Global Head of Product Development (Weblink)
- CAIS and Private Client Resources announce integration deal (Weblink)
- Compliance.ai announces updates to RCM solution (Weblink)
- Digital investment platform Huddl to launch in the US in August (Weblink)
- Entreda starts to form advisory board (Weblink)
- Envestnet | Tamarac says digital account-opening services for RIAs widely available through TD Ameritrade Institutional and Schwab Advisor Services (Weblink)
- Equisoft acquires CRM firm Grendel (Weblink)
- Facet Wealth study highlights two-thirds of RIAs operate with no enforced account minimums (Weblink)
- Folio Financial launches direct indexing website directindexer.com (Weblink)
- Intelliflo launches model portfolio service within Intelligent Office (Weblink)
- Moneyfarm launches in Germany with Allianz partnership (Weblink)
- Novia Global launches international SIPP (Weblink)
- Nutmeg raises GB£2.5 million on crowdfunding site CrowdCube (Weblink)
- Refinitiv invests into BattleFin (Weblink)
- Salesforce unveils new Customer Data Platform (Weblink)
- Sanlam working with Hubwise to launch white-label advice platform (Weblink)
- Schwab to switch to a subscription financial planning option within robo (Weblink)
- SEI and FinoComp partner to deliver (Weblink)
- Temenos and Forbes Insight launch next generation wealth manager study (Weblink)
- Wealth Wizards research shows UK IFAs lose 43-hours per year for not automating tasks (Weblink)