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1478

Nutmeg Closes $14.6 Million Series D Round

By Julie (@julieschicktanz) Muhn for Finovate blog

U.K.-based wealth management company Nutmeg brought its total funding to $90 million today after closing its Series D round, which was led by Taipei Fubon Bank. (more…)

Deals, Fintech news, PFM/PFP services

December 24, 2016

1007

How Investing App SprinkleBit Inked A Deal To Reach Swedbank’s Millions Of Customers

By Alex Konrad for Forbes

In online banking, Nordic banks may have a head start on their U.S. counterparts. At banking group Swedbank, for example, customers made the switch to internet-based banking services in the late 1990s. So when entrepreneur Alexander Wallin looked for the first region in which to partner his social investing app, SprinkleBit, with a big bank, the Swedish native turned to home. (more…)

Banks, Fintech news, PFM/PFP services

December 24, 2016

2193

Top Direct-to-Consumer Wealth Tech Plays

By Julie Muhn for Finovate blog

Our wealth tech industry coverage continues this week. We looked at the industry last week and reviewed the top trends earlier this month. Today we’re taking a look at industry players with B2C offerings– in other words, companies that market directly to consumers and not through businesses. (more…)

About, Bots, Fintech news, PFM/PFP services

December 23, 2016

939

B of A to debut mobile PFM features

By Mary Wisniewski for Payments Source

Bank of America’s forthcoming mobile app update will include personal financial management features. (more…)

Banks, PFM/PFP services

December 20, 2016

949

Lloyds partners startups peddling bill payments tech and AI virtual assistants

By Finextra

Lloyds Banking Group is to test-drive technology presented by two of the ten companies participating in this year’s Startupbootcamp demo day in London. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Banks, Bots, Deals, PFM/PFP services, SME

December 20, 2016

1008

B of A to debut mobile PFM features

By Mary Wisniewski for Payments Source

Bank of America’s forthcoming mobile app update will include personal financial management features. (more…)

Banks, Fintech news, PFM/PFP services

December 15, 2016

973

Red means stop! Banking app cuts customer spending

By David Henry for Reuters

Traffic lights don’t just work for drivers, some bank customers obey them on their smartphones too. (more…)

About, Banks, Fintech news, Mobile payments/banking, PFM/PFP services

December 13, 2016

1566

Top Trends in WealthTech: From API-ization to Virtual Engagement

By David Penn for Finovate Blog

With 2017 right around the corner, what trends are likely to drive innovations in wealth management technology or Wealth Tech? (more…)

Analytics, Bots, Fintech news, Global trends, PFM/PFP services

December 10, 2016

1209

He’s building robo investors to fill a trillion-dollar hole in Japanese society

By  for TechInAsia

“Individual investors in Japan, especially those above 60 years of age, prefer to keep their savings in the bank,” exclaims Kazuhisa Shibayama, founder of WealthNavi. “There’s over 17 trillion dollars of personal wealth lying idle, sleeping.” (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, Japan, PFM/PFP services

December 9, 2016

862

German online wealth management platform Cashboard scores €3M Series A

By  for TechCrunch

Cashboard, an online wealth management startup based in Berlin, has closed €3 million in Series A funding. The round was led by Digital Space Ventures, with participation from existing investors Redalpine Capital, Earlybird, and 500 Startups. Other previous backers include Makers, and ProSiebenSat.1. (more…)

Deals, Fintech news, PFM/PFP services

November 23, 2016

1389

What We Learned About Robo-Advisors in the Last 19 Months

By Amit for LTP

Hundreds of startups are trying to shake up the investment world with the so-called robo-advisor offering, and that is nothing new. The incumbents have not only taken notice but also embraced and latched on to the opportunity. (more…)

AI / Machine Learning / Big Data, Analytics, Bots, Fintech news, PFM/PFP services

November 21, 2016

799

True Link Financial raises $3.6 million more to further help retirees protect their money

By  for VentureBeat

The world of technology and finance is rapidly changing, opening up not only new opportunities but also new pitfalls. Retirees are among the most vulnerable groups, and True Link Financial wants to be the service to protect their money. To do that, the company has raised an additional $3.6 million in venture capital, led by Kapor Capital and Cambia. (more…)

Deals, Fintech news, PFM/PFP services

November 21, 2016

943

Wells Fargo partners SigFig on rob-advisor service

By Finextra

Wells Fargo is working with San Francisco-based wealth management technology startup SigFig on a digital advisory service that the bank will begin piloting next year. (more…)

AI / Machine Learning / Big Data, Banks, Bots, Financial Markets / Trading, Fintech news, PFM/PFP services

November 16, 2016

1047

The rise of the fintech bots

By  for VentureBeat

Want to know if chatbots are gaining ground on apps? Look at the data. A Citi analyst, for example, reported that bots are growing at a much faster pace than mobile apps did at this same stage. In the realm of personal finance, bots have the real potential to radically improve the way we manage our money, weaving financial decisions into the fabric of our daily lives and giving us immediate insight into the long-term effects of our spending, savings and investing habits. (more…)

About, Bots, Fintech news, PFM/PFP services

November 14, 2016

1082

How the First-Ever Blockchain Platform Aims to Connect the World’s Poor to the Global Economy

By Elena Mesropyan for LTP

With around 2 billion financially excluded people around the world and 232 million undocumented migrants internationally – a large part of which does not have a formal identification document at the new place of residence – a secure and scalable tech-power solution is required to help such a large group build a resilience to hardships.

(more…)

Blockchain, Cashless, eWallets, Fintech news, Mobile payments/banking, PFM/PFP services

November 9, 2016

843

London fintech startup Soldo launches multi-user spending account for families

By Steve O’Hear for TechCrunch

London fintech startup Soldo — founded by tech veteran Carlo Gualandri who previously helped create Italy’s first online bank — is launching a multi-user spending account. The cloud-based service, which has been 18 months in the making and is currently available in the U.K. and Italy, is designed to enable and control the flow of money inside organisations with multiple users. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, PFM/PFP services

November 8, 2016

996

An Innovative Financial Platform for Banking: Single Window Finance

By Saurabha Sahu for Finextra

This document is intended towards Banks, Financial Regulatory Authority and the Information technology organizations, who are working towards the innovative solution providing for the financial ecosystem.

(more…)

About, PFM/PFP services

November 6, 2016

fairr.de Raises Raises Series A funding Round

By FinSMEs

fairr.de, a Berlin, Germany-based corporate pensions platform, raised a Series A funding round of undisclosed amount. (more…)

Deals, Fintech news, PFM/PFP services

October 30, 2016

791

China’s Fintech Unicorn My Credit Scoops $400M Financing To Build Industry Fund

By  for TechNode

My Credit, aka 51 Credit or 51 Credit Card Manager, announced Wednesday that it has secured a $84 million USD C+ round from Harvest Capital and Yintai Group, raising company’s most recent funding to nearly $400 million USD. (more…)

China, Deals, Fintech news, PFM/PFP services, SME

October 27, 2016

986

Bank of America to roll out AI chatbot

By Finextra

Bank of America has unveiled Erica, an AI chatbot that will be available to answer queries and help the bank’s million of mobile app users make smarter spending and saving decisions. (more…)

Banks, Bots, PFM/PFP services

October 25, 2016

962

TravelBank launches expense account app that pays you for underspending

By   for TechCrunch

Employees waste tons of money through expense accounts because there’s no incentive to book flights early, stay at a modest hotel, or dine on the cheap. But a new startup called TravelBank can predict what employees should be spending on trips, help them file their expenses, and even give them cash rewards if they come in under budget. (more…)

Mobile-first banks, PFM/PFP services, SME

October 20, 2016

1295

Japanese asset management startup WealthNavi raises $15M

By  for VentureBeat

Tokyo-based WealthNavi, the company offering a technology-based asset management service under the same name, announced on Wednesday that it has fundraised 1.5 billion yen (about $15 million) in a series B round. Participating companies in this round were SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital, and Infinity Venture Partners. (more…)

Deals, Financial Markets / Trading, InspirAsia, Japan, PFM/PFP services

October 16, 2016

1036

DriveWealth and Alkanza bring robo advisory services to Latin America

By Finextra

DriveWealth, a U.S.-based broker-dealer, is pleased to announce its partnership with Alkanza Inc., a Silicon Valley based Registered Investment Advisor. (more…)

Financial Markets / Trading, PFM/PFP services

October 12, 2016

1111

UBS targets less rich Brits with robo-advisor platform

By Finextra

UBS is hoping to bring its wealth management services to a wider audience through the launch of a digital robo-advisory platform available to UK customers with as little as £15,000 to invest. (more…)

Banks, PFM/PFP services

October 10, 2016

1249

These chatbots want to help you manage your money

By  Steve O’Hear for TechCrunch

Can a chatbot help you manage your money? Three London-based fintech startups are betting on the answer being yes and have jumped aboard the messaging gravy train as they seek to entice millennials to their respective platforms. (more…)

Bots, PFM/PFP services

October 10, 2016

867

Helping retail investors gain an edge

By Aaron Low for The Business Times

App that alerts retail investors of moves by the smart money takes top prize in early stage category. (more…)

Financial Markets / Trading, PFM/PFP services, Singapore

October 10, 2016

1042

Capital One acquires online price tracker Paribus

By Sarah Perez for TechCrunch

Capital One is making another acquisition in the fintech space, this time snatching up the price tracking service Paribus, which helps online shoppers get automatic refunds when prices drop on items they purchased. Deal terms were not disclosed, but the acquisition involves bring both the team and the technology itself to Capital One. (more…)

Deals, Mobile payments/banking, PFM/PFP services, POS/mPOS and online acquiring

October 7, 2016

1279

Japanese fintech company Money Forward grabs another $11m

By Peter Rothenberg for TechInAsia

Japan’s Money Forward, a personal financial management and cloud-based accounting software service, today announced a series D round of funding today for roughly US$11 million. (more…)

Deals, Japan, PFM/PFP services, SME

October 5, 2016

1112

Swipe, send, secure: The best mobile payment methods in Singapore

By Duckju Kang for e27

In the last one to two years, mobile payments have taken Singapore by storm, and recent studies have shown that mobile payment transactions are growing at around 40 per cent annually. (more…)

eWallets, Mobile payments/banking, p2p-payments, p2p/online lending, PFM/PFP services, POS/mPOS and online acquiring, Remittances, Singapore

October 4, 2016

1113

Bank of America to Build Its Own Robo Adviser

By Penny Crosman for American Banker

Bank of America’s Merrill Lynch unit is the newest entrant into the robo-advisory game. (more…)

Banks, Bots, PFM/PFP services

October 4, 2016