The Investment Association (IA) has just launched the third cohort of its industry-promotion incubator.
Brainalyzed Finance GmbH, a fintech start-up providing AI-based solutions for banks and asset managers to make efficient, data-based decisions, has recently included the Baloise Asset Management as a minority stakeholder. Dr. Gunter Fischer, Head of Brainalyzed, said that AI-powered predictive solutions can transform the financial services industry.
The new funding values Monzo, the british digital bank, at over £2 billion.
Kosta Peric, deputy director, digital payments, financial services for the poor at the Bill and Melinda Gates Foundation, said that digital inclusion in Africa, especially among women, is dependent on the acceleration of tech-enabled mobile money services. The foundation will be a partner of the G7 summit in July 2019.
Digital wealth manager Moneyfarm is wooing young German investors.
The instant messaging service for the financial sector raised $165m. BNP Paribas, JPMorgan and Goldman Sachs reinvested.
The Swiss group has tied a partnership with AM-One to provide multi-custody platform that will be launched in September 2019.
France now ranks second, behind the US, in terms of attractiveness.
Driven by four fundamental market shifts, the industry is moving to a shared marketplace that demands improved collaboration and specialization