Moneyfarm, Europe’s leading digital wealth manager, today reports steady year-on-year growth in revenues, up from £1.61 million in 2018 to £2.72 million in 2019, while pre-tax losses have fallen.

Bolstered by the financial backing from Allianz Asset Management and Poste Italiane in its latest series C funding round last year, Moneyfarm has invested heavily in its advice offering and has continued to expand its customer base through innovative partnerships and improvements to its digital platform.

Brief Summary

Path Solutions’ CRMPlus is a powerful unified, highly customizable, customer-focused platform based on Microsoft Dynamics 365. The solution empowers banks to provide frictionless Omnichannel customer experience, helping them to increase revenue, profitability, and customer loyalty.

Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices.

Provider of cloud-based business software Deskera partners with Salt Edge, leader in offering open banking solutions, to automate financial data aggregation for its SME customers.

IDnow a leading provider of Identity Verification-as-a-Service solutions and Wirecard Communication Services GmbH announce the signing of an agreement for the acquisition of Wirecard Communication Services by IDnow. IDnow will retain the Leipzig location preserving the majority of the 150 employees.

additiv, a global SaaS provider to the wealth management industry, today announces the opening of a new office in Dubai as well as the appointment of a Managing Director for UAE, as it seeks to expand its footprint in the Middle East.

Temenos (SIX: TEMN), the banking software company, today announced that its cloud-native technology platform has gone live with Varo Bank, N.A. (“Varo”). Varo, the first consumer fintech granted a national bank charter in the US, is using Temenos Transact as its core banking technology.

While many consumers have migrated to digital banking for everyday transactions, there are instances where a person is required to phone their bank or credit card provider to deal with urgent or complex enquiries. Similarly, there may be cause for a bank to call its customers if they identify fraudulent activity on an account.

Nationwide Building Society has implemented a new Speed Layer as part of its continued investment in innovation and technology. The Speed Layer is a new set of cloud native technologies that work together to provide accurate, real time and secure data. Being built in the cloud, the Speed Layer provides a resilient foundation for future products and services which can be delivered more quickly, with less disruption to members.

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital banking, announced that it has partnered with Derivative Logic, an independent hedge advisory firm that provides proven hedge structuring and execution capabilities.