WEALTHTECH

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

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

Consorsbank, part of BNP Paribas Germany, has implemented FinTech incubator FinLeap’s digital account exchange service, FinReach. Read more: www.bankingtech.com

BNP Paribas is set to acquire a 95% stake in neo-banking startup Compte-Nickel’s parent company. Read more: www.fintechroundup.com

The wealth management industry is at the early stages of disruption, driven by a combination of powerful forces colliding. Read more: www.cityam.com

Yunfeng Financial Group Ltd. has created a robo-advisor application to manage the wealth of regular Chinese and Hong Kong investors. Read more: www.bloomberg.com

Digital-only bank Monzo just received its full banking license from the United Kingdom. Read more: bankinnovation.net

Personal saving and investment app Oval Money has secured €1.2m in funding from Italian banking group Gruppo Intesa SanPaolo. Read more: www.fintechroundup.com

Most banks still struggle to make it simple for customers to open new accounts entirely on mobile devices. Read more: www.americanbanker.com

Oval Money, the first personal savings app powered by collective intelligence, harnessing both machine learning and the wisdom of the crowd, launches in the UK. Read more: thefintechtimes.com