European digital wealth manager Moneyfarm has announced the acquisition of the UK book of business of Wealthsimple. Meanwhile, Wealthsimple UK will transfer its existing UK based customers to Moneyfarm and...
Environmental, Social and Governance (ESG) related deals made up 2.7% of all deals announced in the private banking sector in...
The pandemic has been tough on many businesses, and many have struggled to survive. The economy has been pressured by...
Europe was the fastest growing region for digitalisation hiring among private banking industry companies in the three months ending October....
Mentions of big data within the filings of companies in the private banking industry rose 14% between the first and...
Top companies for AI patents in private banking in the three months to September
| Company | Number of patents |
|---|---|
| Ping An Insurance (Group) Company of China Ltd | 158 |
| Bank of America Corp | 114 |
| JPMorgan Chase & Co | 45 |
| The Toronto-Dominion Bank | 30 |
| Royal Bank of Canada | 27 |
| The Allstate Corp | 18 |
| KBC Group NV | 16 |
| Synchrony Financial | 12 |
| Hua Nan Financial Holdings Co Ltd | 9 |
| Bank of Montreal | 6 |
London Stock Exchange Group (LSEG) has agreed to purchase Quantile Group for a maximum aggregate consideration of up to £274m.…
Citigroup has applied for a securities licence in China in a bid to ramp up its presence in the world’s…
Ritholtz Wealth Management (RWM) has joined forces with WisdomTree to launch a new crypto index for retail investors. Dubbed RWM…
Xen Capital has secured $7.5m in a Series A round led by Headline Asia to bolster its B2B2C alternative investment…
In a survey published in July, research analytics company GlobalData gauged the business community’s current sentiment towards emerging technologies across industries. The responses underlined the...
The metaverse is described by GlobalData social media research as a “virtual world where users share experiences and interact in real-time within simulated scenarios”. And...
A pilot project from UberEats is trialling walking couriers in Tokyo, making for a slower sort of food delivery than you might expect from gig...
Companies have reason to be sceptical about investment in Asia in general and in China in particular. In China, Beijing is tightening its grip on...
Blockchain use can save lives, build smart cities and boost data privacy. But before it can do any of that, it has to step out...
The smart home makes for smart business: According to GlobalData forecasts, the home automation market will expand to $75.3bn by 2025. Giacomo Lee finds out...
A bountiful tech industry means the children of China face a prosperous future. The same tech is watching them, and ever evolving, as Giacomo Lee...
If this is the era of fake news, then it's likely to be the calm before the storm. The true tempest will begin to howl...
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Expert Commentary & Analysis
View MoreIndia is banning cryptocurrencies to make way for CBDC adoption
India’s long-awaited Cryptocurrency and Regulation of Official Currency Bill, set to be discussed by the government next week, aims to ban the trading of most cryptocurrencies in India and initiate…
Crypto ETF debut highlights investors’ insatiable demand for digital assets
The ASX’s first Crypto ETF, BetaShares’ Crypto Innovators (CRYP), hit trading records on its first day of trading, reaching a trading volume of A$8m ($5.9m) in less than 15 minutes…
China’s crypto ban should serve as a lesson for wealth managers
In a move that closed the last loopholes, the Chinese government has banned all crypto transactions and mining. The resulting price declines highlight the asset class’ inherent volatility. The China…
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