investment managementRSS

State Street unveils Quantextual Idea Lab for investment research

State Street

State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. It reckons financial research teams can produce enough content to consume 24 reams or 12,000 […]

Game, FactSet and match for Banco Santander Totta’s new online broker

Portugal's Interbolsa will use Swift tools to connect to T2S

FactSet, a US-based provider of financial information and analytics software to the investment management industry, has developed a new online broker offering for Banco Santander Totta in Portugal. The broker portal comes with an embedded trading functionality and a portfolio application. According to FactSet, the bank’s new web presence offers a “clear design with intuitive […]

Banking tech vendor Ohpen acquires FYNN Advice for implementation capabilities boost

Ohpen

Core banking tech vendor Ohpen has acquired a fellow Dutch fintech firm, FYNN Advice, which specialises in core banking software implementations.

ING goes manic for Scalable wealth management dynamic

Private equity firms take over German payment services provider Concardis

ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany. Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios […]

National Bank Investments signs for FactSet’s risk management tech

National Bank of Canada will use Orc algorithms and direct market access

National Bank Investments (NBI), a subsidiary of National Bank of Canada, has opted for FactSet’s multi-asset class risk model, workstation, and analytics suite as its investment risk management and manager due diligence system.

Aegon Cofunds to oust IFDS and its tech

Aegon nurtures tech (just not that of IFDS)

Pension, insurance and investment management firm Aegon has embarked on a large technology project with a number of specialist tech providers – to move the acquired Cofunds business from the International Financial Data Services (IFDS) platform.

Bambu wins strategic investment from Franklin Templeton

Socure

Singapore-based B2B robo-advisor Bambu has completed a funding round, featuring a strategic investment from Franklin Templeton Investments and venture capital funding from Wavemaker Partners, part of the Draper Venture Network.

Abu Dhabi’s first fintech innovation challenge for start-ups launched

FINTECH ABU DHABI INNOVATION CHALLENGE

Abu Dhabi Global Market (ADGM) and KPMG are launching the first Fintech Abu Dhabi Innovation Challenge – a five-week programme for “innovative and mature start-ups across the globe”.

Absa gets real with virtual investor launch

Absa

South African heavyweight Absa Bank has unveiled its own artificial intelligence (AI)-powered online investment platform, Virtual Investor. The self-service platform uses AI and computer algorithms to recommend a product for customers based on their financial attitudes to risk. Armien Tyer, head of Absa Investments, says: “Individuals can either invest a once-off lump sum amount or […]

Simcorp acquires investment and portfolio management tech vendor APL Italiana for €35m

Simcorp signs large deal with SEB

SimCorp has acquired a fellow wealthtech vendor, APL Italiana, for €35 million. APL Italiana specialises investment and portfolio management software for the Italian insurance market.

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