Banking & Private Wealth Management Blog

FIS sheds Ambit Private Banking core software business

FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, …

Julius Baer Confirms Appointment Of Group Head Of Southeast Asia Unit

Julius Baer has confirmed to this publication that Magdalene Low, who joined in 2016 as a team head, is becoming a group head …

Nordea Private Banking Appoints General Manager For Asia

The Nordic financial services group Nordea has appointed a new General Manager for its private banking business in Asia.

Fredrik …

The world’s 10 biggest economies in 2017

The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global …

Watch Out, Wealth Managers - Affluent Millennials Could Fire You Soon, US Study Says

Up and coming Millennials in the US with at least $100,000 in investible assets control the largest chunk of “at-risk” assets …

Report uncovers how to serve next-gen investors

A new report by Celent has highlighted ways to serve next-generation (next-gen) investors via innovative technologies and …

Blockchain Breaks Out Of The Lab - PwC Data

More than three-quarters of financial institutions plan to implement blockchain-based solutions by 2020, according to PricewaterhouseCoopers, …

BNP Paribas Wealth Management Makes Splash Of CEO Changes

BNP Paribas Wealth Management has named Pierre Vrielinck, Hubert Musseau and François Dacquin as the new chief executives …

Asian Wealth Management Company Launches Robo-Advisor App

Chinese financial services firm Yunfeng Financial Group has created a robo-advisor mobile application that aims to help a …

Standard Chartered Private Bank Takes Training Of Front-Line Staff Up A Level

Standard Chartered Private Bank has partnered with Fitch Learning, a training and professional development firm, and INSEAD, …

ANZ Not Getting Out Of Wealth, Mulling Business Models - CEO

ustralia and New Zealand Banking Group, which has sold off its Asian wealth businesses as part of a restructuring, is not …

Banks Aren't Offering What Clients Want

More robo-advisers are entering the market as digitization spreads. This is the most fundamental change that has affected …

Google’s wider search for payments

Google has a new plan to become a bigger player in payments. The search engine and web marketing giant says it’s enabling …

Apple squares up to rivals with Pay Cash feature

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) …

ING’s Yolt money app beta launches in UK

With an intended jolt and volt of energy, Yolt, a new money platform backed by ING, has launched its open beta for iOS and …

Citizens Not Confident Enough To Take Financial Advice From Robots - Survey

The notion that robo-advisors are poised to throw humans out of work is premature and savers are as keen as ever to explore …

Australia Post taps i2c for digital payments push

Australia Post is partnering with processor i2c to “expand and modernise” its digital payments offerings, reports Paybefore (…

Apple Bank here we come

Guys, it's happening.

Did you miss the news? You probably did, because the announcement was tucked in between demos of the …

Credit Suisse "Had It Coming", Says International Tax Expert Over Allegations

An international tax lawyer has blasted Credit Suisse for allegedly helping cover tax evaders' tracks.

It was recentlyreported …

UBS' Private Banking Guru Departs

UBS is losing the high-profile quirky executive it entrusted with seeing off digital rivals for wealthy clients, finews.com …

Vanguard to Seize Wealth Management Industry with its Digital Platform

Robo-advisers have been around for over a decade, and throughout that time we've been hearing that they are a threat to established …

Where top European banks are investing in fintech – CB Insights

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, …

UK Online Lender Wins FCA Clearance; Sets Sights On Australia

UK-headquartered online lender Ablrate has won full authorisation from the Financial Conduct Authority, triggering expansion …

Credit Suisse taken by surprise in five-nation tax probe

Credit Suisse Group AG and its home country of Switzerland were surprised by a tax evasion and money laundering investigation …

Industry Giants Wrap Up Blockchain Pilot Project

A Hong Kong regulator, Deloitte and a raft of banks have developed a proof-of-concept that uses blockchain technology to streamline …

Advisors Should Develop Their Own Platforms, Face Up To Industry Shift - SEI

Wealth advisors unhappy with using clunky retail platforms that cannot be tailored to their needs are being urged to develop …

Lombard Odier sees a high growth potential in Oman market

Founded in 1796, Geneva, Switzerland-based Lombard Odier is a leading global wealth and asset manager, focused on providing …

© Nick Kalikajaros 2017