Investment advice is ripe for technological disruption
The wealth management industry is at the early stages of disruption, driven by a combination of powerful forces colliding. Read more: www.cityam.com
Consorsbank turns to FinLeap for digital account exchange
Consorsbank, part of BNP Paribas Germany, has implemented FinTech incubator FinLeap’s digital account exchange service, FinReach. Read more: www.bankingtech.com
BNP Paribas acquires neo bank Compte-Nickel
BNP Paribas is set to acquire a 95% stake in neo-banking startup Compte-Nickel’s parent company. Read more: www.fintechroundup.com
The Naga Group lands €12.5m to grow social trading app SwipeStox
The Naga Group, the company behind social trading app SwipeStox, has picked up €12.5m in a Series A round from Chinese investment fund Fosun. Read more: www.fintechroundup.com
Robinhood joins unicorn club following new funding round
Stocks trading app Robinhood is the latest FinTech startup to reach a $1bn-plus ‘unicorn’ valuation after raising a fresh round of funding. Read more: www.fintechroundup.com
Banking outpacing wealth management on digital
The wealth management industry is lagging behind personal banking in having digitally accessible applications. Read more: www.wealthmanagement.com
Moven strikes gold with TD Bank licensing extension
Digital-only neobank Moven has announced a five-year extension of its money management app tech licensing deal with Canada’s TD Bank. Read more: fintechranking.com
Monzo closes £22m round with £2.5m in crowdfunding
Challenger bank Monzo has wrapped up its latest funding haul with £22m after raising £2.5m in crowdfunding from 6,500 investors. Read more: www.fintechroundup.com
Savings app Squirrel crowdfunds fresh £585,000
Savings app startup Squirrel has secured £585,000 in a crowdfunding campaign on SyndicateRoom, surpassing its £400,000 target. Read more: www.fintechroundup.com
Starling Bank joins Current Account Switch Service
Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service. Read more: www.finextra.com