Insurance companies slow in bridging FinTech gap
Many acknowledge the threats and the opportunities of the fintech sector but are slow to respond in time. Read More: www.livemint.com
Morgan Stanley says Robo-Advisors are a major threat
Robo advisers aren't going away any time soon, and the wealth management industry needs to make some changes if it wants to beat them and a host of other threats it is facing. Read More: www.bloomberg.com
Finstar expands senior FinTech team with Timko hire
Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.v
Legg Mason buys big stake in Robo-Advisor
The asset manager says the deal will help it boost distribution to partnering advisors coping with new DOL rules. Read More: www.thinkadvisor.com
New frontier of commercial real estate tech
The introduction of real estate crowdfunding has allowed for accredited individuals to invest in income producing real estate projects from a large number of people. Read more: www.retech.net
Responsive aims to beat the Robo-Advisors with AI investing
Vancouver-based startup Responsive is launching an AI-driven, active management investment service this August. Read more: betakit.com
McKinsey weighs blockchain’s impact on insurance industry
McKinsey & Company reports on how insurance companies might be able to capitalize on blockchain, and where are the current limits of the technology. Read More: www.coindesk.com
Kavout launches A.I. driven investment platform
Seattle-based startup Kavout unveils its AI-driven investment platform today. Read more: www.financemagnates.com
PSBC to roll out online consumer banking services
The bank says it will deepen its cooperation with Ant Financial and Shenzhen Tencent in internet and mobile finance. Read More: ww2.cfo.com
Standard Chartered Bank deploys wealth-tech platform
To stay competitive, Standard Chartered Bank is upgrading to Temenos' wealth management solution called WealthSuite. Read more: www.enterpriseinnovation.net