Top trends in WealthTech
Maintaining fiduciary responsibility with a robotic investment platform suggests two potential scenarios: increasing use of human advisers, and deploying sentiment analysis technologies to better undersatnd nonverbal communication between planners and clients. Read more: www.finovate.com
Financial services firms expect regulatory burden to increase
The actual number of significant pieces of financial regulation governments have issued has slowed, but the existing regulation is becoming more complicated. Read more: uk.businessinsider.com
Bank of Baroda ties up with FinTech startup Fisdom
Bank of Baroda has tied up with a FinTech start-up Fisdom for personal wealth management services. Read more: www.business-standard.com
US Treasury insurance advisors to discuss blockchain
An advisory council to the US Treasury Department focused on the insurance market will discuss blockchain tech at a meeting later this week. Read more: www.coindesk.com
BNP Paribas Wealth Management launches 4 new platforms
BNP Paribas Wealth Management is launching four digital platforms bringing unique financial, business and lifestyle content to private clients and prospects. Read more: www.finextra.com
Holvi hires new CEO to lead future growth
Finnish digital banking startup Holvi is appointing Antti-Jussi Suominen as its new CEO following the company’s acquisition by BBVA in March. Read more: www.fintechroundup.com
The rise of InsureTech in the age of algorithms
The market is ripe, as younger generations are used to ease of mobile apps and one-click shopping, and they want the same with insurance. Read more: www.dataconomy.com
Askari Bank introduces cardless cash withdrawals
TPS designed a solution that saves the customers from the need to carry their cards and helps mitigate the risk of card skimmers and shoulder surfing. Read more: www.finextra.com
Holiday Crowd snags £290,000 for rental property investment
Online property investment platform Holiday Crowd has raised £290,000 in a Seed round from angel investors. Read more: www.fintechroundup.com
Canadian FinTech introduces chatbot
A small business lender hopes Lucy does a lot of ‘splaining, but isn’t upset at her in the least. Lucy is Thinking Capital’s artificial intelligence chatbot. Read more: www.banklesstimes.com