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Latest Results from /wealth

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55% of UK investors are unwilling to use AI tools for investment support – Avaloq

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.

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Robinhood makes wealth management push through $300m TradeMPR deal

Trading app Robinhood has agreed a $300 million cash and stock deal to buy custodial and portfolio management platform TradePMR.

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FusionIQ launches wealth management product for digital wallet providers

FusionIQ has unveiled a wealth management platform designed specifically for digital wallet companies.

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AI patents at BofA increase 94% since 2022

Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.

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Moneybox gets £70m investment

British savings and investment app Moneybox has secured £70 million in investment, mostly facilitated through a secondary share sale that will nearly double its valuation from two years ago to £550 million.

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Ex-UBS boss Hamers joins AI wealth management startup Arta Finance

Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance, an AI-based digital wealth management startup founded by former Google executives.

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Financial advisory firm Facet raises $35 million

US investment advisory firm Facet has raised $35 million in a funding round led by Multiplier Capital.

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Archax and Assetera partner to offer tokenised real-world assets

Digital securities distribution platform Assetera and digital securities exchange Archax have joined forces to offer investors access to tokenised real-world assets - including money-market funds from abrdn - in Europe.

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EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

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Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

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Big tech and banks fall out over compensation for fraud victims

A war of words has broken out between banks and big tech firms over who should be primarily responsible for reimbursing victims of fraud.

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AI set to revolutionise wealth management operations - survey

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.