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Credit Suisse makes headway in digital space in Asia

Credit Suisse in digital drive in Singapore

Credit Suisse has launched two solutions in the digital space to keep up with consumer expectations: digital client on boarding for private banking and automated account aggregation and reporting.

Suncorp core banking revamp stumbles

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Suncorp’s multi-year venture to modernise its core banking system, known as Project Ignite, has stumbled at the final hurdle. As Banking Technology reported in August 2016, the revamp was in its final stages. However, in questions over its half-year FY17 results, Suncorp told iTnews that the configuration of the platform and product migration has “taken […]

BNP Paribas Wealth Management goes for digital client experience and “pizza” teams

The Big Factory – where ideas are incubated

BNP Paribas Wealth Management has unveiled its new Client Experience venture co-created with customers and fintech firms. The initiative focuses on digital solutions as the bank is keen to “create a new wealth management experience”.

InvestCloud acquires Babel Systems for $20m

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California-based InvestCloud has acquired Babel Systems in London for $20 million. Babel provides a modular and API-based trade and accounting platform, while InvestCloud has over 660 clients with “accounting needs served by legacy accounting systems that were designed in the last century”. This acquisition links InvestCloud’s digital platform with Babel’s capabilities. InvestCloud will also continue […]

JN Fund Managers in digital tech revamp with Objectway’s Conectus

Sharon Whitelocke, deputy general manager of JN Fund Managers

JN Fund Managers (JNFM) has chosen Objectway’s Conectus solution for digital communication and reporting on clients’ investments. JNFM, a wholly owned subsidiary of Jamaica National Building Society (JNBS), will use interactive collaboration tools such as chat, video call and screen-sharing. Investors will also be able to make requests digitally and place trade orders. Sharon Whitelocke, […]

Wealthy stay healthy with Charles Schwab’s new hybrid advisor

charles schwab

US-based Charles Schwab has launched its Schwab Intelligent Advisory, a hybrid advisory service that combines people and a robo-advisor. Schwab Intelligent Advisory will provide investors with a financial plan, guidance from “certified financial planner professionals”, and a fully automated portfolio using algorithm driven technology. The service is expected to launch in the first half of […]

AnaCap to acquire Barclays’ French retail banking & wealth management ops, complete IT overhaul planned

AnaCap has big plans for France

AnaCap Financial Partners, a UK-based private equity firm, is set to acquire Barclays’ French retail banking business, life insurance business, wealth and investment management and brokerage operations.

Sofgen assists Bank of Singapore with integration of Barclays’ wealth business

Singapore

Bank of Singapore has completed the acquisition of the wealth and investment management business of Barclays in Hong Kong and Singapore. The combined entity has more than $75 billion of assets under management (AUM) and nearly 400 specialist bankers.

Objectway Conference: Do or die in wealth management’s digital drive

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The wealth management industry needs to shake off its “cottage industry” mentality of the past and realise that it is “do or die” in the push to digital. This was one of the key messages from yesterday’s (24 November) Objectway International Customer Conference in Amsterdam – a one-day event of presentations and insight from the […]

Top fintech stories this week – 25 November 2016

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

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