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Top 3 Trends That Will Influence Wealth Management in 2020

Wealth management is transforming faster than most professionals realize because the industry’s customer base is changing.

Three trends are driving a paradigm shift in wealth management that will become clear in 2020. The most visible trends are the rise of intergenerational wealth, and the growing number of high-net worth women.

For example, the HNWI (old money) will transfer $68 trillion to younger heirs worldwide over the next 25 years. The wealthy will transfer much of that money to Millennials (new money); persons born between 1981 and 1996.

Thursday, December 19, 2019 - 09:15
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Financial IT
Christmas Influences Portfolios of 37% of European Investors
Robo.cash
In a survey of the P2P platform Robo.cash, 37.2% of European P2P investors said that Christmas has an effect on their investments. During the festive time, most of them review their portfolios, increase the volume of funds or try new types of investments. 
 
Thursday, December 19, 2019 - 09:09
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Financial IT
Assetz Capital celebrates as investors rack up £100m in interest

Investors in Assetz Capital have collectively earned £100 million to date in total gross interest.

Founded in the wake of the financial crisis in 2013, the marketplace lender has amassed a community of over 37,000 investors to its platform, ranging from banks and institutional lenders to businesses and retail investors.

It’s been a record year for Assetz Capital, which has seen almost £100m invested into its Innovative Finance ISA (IFISA) wrapped accounts. The marketplace lender is also poised to celebrate £1 billion lent to UK businesses to date.

Thursday, December 19, 2019 - 09:04
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DataArt and METRO Markets Announce Success of Partnering to Build Digital Marketplace with Ambition to Become the Largest B2B Online Marketplace in Europe
DataArt

Global technology consultancy DataArt has announced a successful partnership with METRO Markets, the online B2B marketplace with ambitions to become the biggest in Europe. METRO Markets is a subsidiary of German multinational wholesale company and food specialist Metro AG.

DataArt partnered with METRO Markets, Metro AG’s technology-driven e-commerce venture, to provide a next generation e-commerce ERP system. The solution is highly scalable and automated - from electronic contract management, intelligent pricing and order routing to efficient accounts payable processes.

Thursday, December 19, 2019 - 08:23
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Financial IT
Coinbase Enables Crypto Charity Donations This Christmas with DustAid
Coinbase

Coinbase is partnering with crypto-powered charity organisation DustAid to enable Christmas donations to three different causes.

Under the partnership, UK crypto holders will be able to spred some Christmas cheer  to The Liddle Edi Foundation which supports rural communities in Romania, elephant conservations Space for Giants, and the NSPCC.

DustAid's aim, according to managing director, Duncan Murray, is to "make giving a simple, easy and transparent part of our daily lives."

Thursday, December 19, 2019 - 08:20
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Financial IT
SIX Acquires Stake in Securities Token Issuer Daura
SIX

SIX has acquired a stake in token securities issuer daura as it prepares for the live launch next year of its digital asset exchange SDX.

SIX, Swisscom, Sygnum Bank and the start-ups Custodigit and daura have been working intensively over the past few months to build an ecosystem for digital assets.

Sygnum Bank, which has became the world’s first digital asset bank to start operations in September, is also taking a stake in daura.

Thursday, December 19, 2019 - 08:18
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Financial IT
2020 Compliance Trends and Predictions

2019 has been quite a year: we had the implementation of PSD2, Brexit uncertainty, increased sanctions brought on by the changes in US foreign policy and Facebook was fined a record-breaking penalty of 5 billion dollars by the Federal Trade Commission (TFC) for violating consumers’ privacy rights.

Thursday, December 19, 2019 - 08:02
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Financial IT
2020 Cybersecurity and Payment Predictions

Gary E. Barnett, CEO of Semafone, the leading provider of data security and compliance solutions for the payment industry, has released his top six 2020 predictions for the cybersecurity and payment industries.

Thursday, December 19, 2019 - 07:55
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Financial IT
Nordea to acquire SG Finans

Nordea has entered into an agreement with Société Générale to acquire all shares in SG Finans AS (“SG Finans”) and intends to combine the business with Nordea’s pan-Nordic finance company, Nordea Finance. SG Finans is a Norwegian domiciled subsidiary of Société Générale and provides equipment finance and factoring solutions. SG Finans has 360 employees and operates in Norway, Denmark and Sweden.

Thursday, December 19, 2019 - 06:53
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Adyen Announces International Mobile App Payments Agreement with McDonald’s

 Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, announced today that it has entered into an agreement to make Adyen’s payments platform available to McDonald’s markets globally, beginning with the U.K. early next year.

Wednesday, December 18, 2019 - 16:59
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Financial IT

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