Thursday, June 20, 2024

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:

Atom Bank opens doors to all UK customers

Atom initially launched with an “invitation only” phase, but as of today anyone can download the Atom App, both in IoS and Android, and open an account. Read more:

Ignition Wealth raises $762,000 from financial planning veteran

Robo-advisor Ignition Wealth has raised Aus$1m ($762,000) in its first round of venture funding from financial planning expert Barry Lambert.

FinTech contest introduces adviser-focused software

Finalists include six companies with adviser tools for client prospecting, advising on student loans and more. Read more:

RobustWealth announces the expansion of its Advisory Board

RobustWealth, the automated wealth platform engineered for financial advisors,has added four new Advisory Board members. Read more: www.prnewswirecom

Personal Capital adds another $25m to Series E round

IGM Financial pumped an initial $50m into the company in May with a further $25m dependant on the company reaching a growth milestone. Read more:

Robo-advisor ‘Chloe’ launches in Japan

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-advisory service targeting the millennial generation. Read more:

Standard Chartered Bank deploys wealth-tech platform

To stay competitive, Standard Chartered Bank is upgrading to Temenos' wealth management solution called WealthSuite. Read more:

Lancai scoops up $27m for personal investments

Personal investments firm Lancai has raised ¥180m ($27m) in a Series B round of funding from Chinese online video firm LeEco.

The Ask Me Anything app of personal finance

Kasisto, a spinoff of Siri-maker SRI International, added two bots to the personal finance bot space today with the introduction of MyKAI and KAI Banking. Read More: