Private BankingRSS

Falcon plans to feather more nests with new digital platform

falcon logo

Zurich-based Falcon Private Bank has unveiled a new digital platform, Falcon Pulse, as it looks to boost its ambitions in wealth management. Main features will include an algo trader that daily rebalances a portfolio’s asset allocation to “optimise” performance as well as an idea generating tool that will screen market information to offer the “best […]

ERI and Swisscom team for hosted core banking tech and ops

Outsourcing

Switzerland-based core banking software provider ERI has joined forces with another domestic IT firm Swisscom to offer private-banking and wealth management outsourcing services to banks and financial institutions operating in the Swiss financial centres.

Avaloq maintains momentum with massive earnings rise

Avaloq gets new core banking customer in Switzerland

Avaloq has reported impressive earnings growth for the first half of 2017 due to investment in its banking suite and the “accelerating trend of the market” towards digital, Software-as-a-Service (SaaS) and transaction processing services. For H1 2017, the firm says compared to the same period last year, adjusted EBITDA increased 257% to CHF 36.3 million […]

Banking Technology Awards: celebrating people that make things happen

Calling on all inspiring women in fintech!

This year’s Banking Technology Awards will be taking place on 13 December in London and once again we will be celebrating people that make things happen! The Leadership Awards will recognise individuals and teams that made a considerable contribution to our industry. What are the categories you can nominate in? Woman in Technology (W.I.T.) Award, in partnership with FemTechGlobal, will […]

Falcon Private Bank flies into blockchain asset management nest

Switzerland

Falcon is the “first” Swiss private bank to provide blockchain asset management solutions for its clients through a new co-operation with crypto financial broker Bitcoin Suisse. The bank’s clients can exchange and hold Bitcoins via Falcon using their cash holdings. Additionally, a Bitcoin ATM has been installed in the lobby of the bank’s headquarters in […]

Warburg Pincus buys stake in Avaloq

Avaloq gets new core banking customer in Switzerland

Private equity (PE) firm Warburg Pincus has acquired a 35% shareholding in Avaloq from existing shareholders – with the deal a first step towards a potential public listing. The transaction values Avaloq in excess of CHF 1 billion ($1 billion). Detailed financial terms are not being disclosed, but Francisco Fernandez, CEO at Avaloq, retains a […]

Hong Kong regulator unveils private wealth management charter

Hong Kong

Fair play is on its way as Hong Kong’s Private Wealth Management Association (PWMA) has adopted the “Treat Customers Fairly Charter for Private Wealth Management Industry”. Developed by the Hong Kong Monetary Authority (HKMA) and the PWMA, the charter has five “high-level principles” and examples of measures to guide PWMA members in their implementation. These […]

Double Swiss bliss for Finnova banking software

Switzerland

Switzerland-based Finnova’s service partner InCore Bank has migrated private banks Arner Bank and Bank von Roll to its private banking hub. The hub now has 16 financial institutions, making it Switzerland’s “largest multi-tenant tower” based on Finnova Banking Software. InCore is a transaction bank which operates within the Swiss and Liechtenstein markets, and offers business […]

Top fintech stories this week – 14 April 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Mastercard gets approval to buy VocaLink for $920m Deal expected to close in coming weeks. Bank of England implicated in Libor rigging by secret recording Well, it was secret. FIS sheds Ambit Private Banking business FIS inherited it […]

FIS sheds Ambit Private Banking core software business

UBS and StatPro agree acquisition deal

FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, to New Access Banking Software.

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