Much like robo advisors have done in the area of wealth management, passive asset management and the products associated with it are gaining in popularity among investors, putting further pressure on active managers to beat the market and generate coveted alpha. $1.06 trillion departed active U.S.

Startupbootcamp FinTech, the leading accelerator focused on financial innovation, has today announced the names of the 9 global startups selected to join its London program. The companies, which include teams from across Europe, America and Asia-Pacific, have been selected following a rigorous process by a working group of industry experts, including representatives from Startupbootcamp and its partners. 

ČSOB, one of the largest commercial banks in the Czech Republic and part of the Belgian KBC Group, and SIA, a company specializing in the management of electronic payments, have developed and launched the first mobile wallet for NFC payments in the Czech Republic that supports both the MasterCard and VISA circuits.