Robo-Advisers financially unviable and flouting FCA rules
UK robo-advisers have come under attack in a scathing new report, which alleged their current business models were unsound and they could be breaking regulatory rules.
Read more: www.professionaladviser.com
Crowdfunded real estate: should you jump on the bandwagon?
Crowdfunded real estate has become a hot investment, attracting everyday folks with the hope of earning high returns. But it's also very risky. Read More: www.realtor.com
German InsurTech company Finanzchef24 raises €4m in VC-backed round
Munich-based Finanzchef24, the first digital insurance broker for entrepreneurs and companies in Germany, has raised €4m in a Grenke Bank-led round.
Existing backers venture capital...
Indian wealth management app WealthTrust seals seed cash
Mumbai-based venture capital firm India Quotient has backed wealth management app WealthTrust with an undisclosed amount in seed funding.
WealthTrust will use the new funds...
Robo Adviser betterment stokes concern over Brexit trading halt
A decision by robo-advisory pioneer Betterment LLC to halt trading during the post-Brexit rout has stoked questions about the broad control some automated investment advisers maintain over clients’ ability to get in and out of markets during volatile periods. Read More: www.wsj.com
InsurTech futures: 28% now turn to online channels to claim
BT survey reveals increasing use of digital channels for insurance transactions. Read more: www.insuranceage.co.uk
Nearly half of North Americans open to robo-advice
Nearly half of North American bank customers are open to ditching human expertise for automated, computer-generated advice and services. Read more: www.finextra.com
Bitcoin gets legal protection in China
The Chinese authorities issued a notice on the risk prevention of Bitcoin in 2013. Read more: e27.co
TIAA Acquires Wealth-Management Technology MyVest
TIAA, the provider of insurance and retirement products that oversees more than $860 billion in assets, bought MyVest. Read More: www.bloomberg.com
General Atlantic joins PE peers as Insurity investor
Global private equity firm General Atlantic has backed insurance technology company Insurity with an undisclosed investment.
The firm joins TA Associates and Genstar Capital as...