Allianz grabs stake in WealthTech startup MoneyFarm
Allianz Ventures is making an undisclosed strategic investment in wealth management startup MoneyFarm. The move will see the insurance giant’s venture arm take a minority stake in the Italian company. Read more: www.fintechroundup.com
Does the FinTech sector want a central robo advisor?
If the top fintech companies were to collaborate in the creation of a fintech robo advisor the result would be an ‘intelligence infrastructure’. Read more: www.thefintechtimes.com
FinTech startup to launch mass market robo-adviser
UK FinTech startup Munnypot has soft launched a robo-advice service designed to cater for the mass market at a fraction of the cost of traditional advice. Read more: www.professionaladviser.com
InvestCloud partnerns with Boston for family savings program
InvestCloud announced on Thursday it has formed a partnership with the city of Boston to launch a new family savings program. Read more: www.crowdfundinsider.com
Legg Mason buys big stake in Robo-Advisor
The asset manager says the deal will help it boost distribution to partnering advisors coping with new DOL rules. Read More: www.thinkadvisor.com
Mobile banking gaining popularity in America
Mobile banking is now Americans' second most popular banking method trailing only online banking. Read more: www.mobilepaymentstoday.com
UK digital wealth manager Nutmeg grabs £30m
London-based wealth management startup Nutmeg has raised £30m in a new funding round led by Hong Kong-based financial advisory firm Convoy. Read more: www.fintechroundup.com
First trade executed via robo-adviser service
Singapore’s accredited investors today executed the first trades on a robo-adviser platform in Southeast Asia. Read more: www.thefintechtimes.com
Digital challenger bank Atom hits £100m in deposits
Atom Bank has launched an online-only mortgage product as it hits £100m in deposits and it plans to launch an overdraft product in 2017. Read more: www.uk.businessinsider.com
Big banks try to beat ‘Robo-Advisors’ by joining them
Increasingly, Wall Street is launching stand-alone financial advice services as smaller competitors target a key business. Read More: www.cnbc.com